ByteDance-backed news aggregator Dailyhunt has added another USD 3 million to its ongoing Series F round from Stonebridge Capital, according to the company’s filings with local authority. — Kr-Asia.Com Rajaram Legal advised DailyHunt and existing investor Matrix Partners India led by a team of senio...

Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler. — Moneycontrol Backed by marquee investors, Urban Company’s valuation rose up to USD 2 ...

Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Edtech startup Teachmint said it has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures. The fresh infusion of capital is expected to be used for hiring talent, R&D on teaching te...

Not to be outdone by fellow food delivery rival Zomato, foodtech unicorn Swiggy is in the final stages of closing an $800 Mn Series J funding round, which is likely to see the company reach close to $5 Bn in valuation, a jump from its previous reported valuation of $3.6 Bn in 2020. — Inc42 AZB &...

The Bangalore head of Nishith Desai Associates’ office, Parag Srivastava, has joined has joined Rajaram Legal in the city as its third partner there.

Nishith Desai Associates has hired Actis Capital India legal head Ratnadeep Roychowdhury to join and replenish its recently depleted senior headcounts in funds and corporate, following the departure of Delhi leader Pratibha Jain and Mumbai M&A leader Simone Reis.

D elhi-based Nishith Desai Associates (NDA) leader Pratibha Jain has joined Everstone Group as general counsel (GC) with her predecessor Devaiah PM set to join the Adani Group as group general counsel, moneycontrol . We understand she will be joining next month. We have also confirmed Jain’s move, a...

Treebo Hotels … announced that it has raised $6 million (Rs 45 crore) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The company clarified that the fundraising is subject to reg...

Bengaluru: Unacademy has concluded a secondary transaction round that saw Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic purchase $50 million-worth of shares from existing investors to increase their stake in the edtech startup. — The Economic Times IndusLaw advised...

Home-grown payments solution provider Pine Labs, on Monday, announced that it has raised close to $100 million from Lone Pine Capital as part of secondary and primary share sale. This investment round has taken the company’s valuation from $1.6 billion to $2 billion within a year. — Mint Phoenix Leg...

From 1 Nishith Desai Associates is extending its unlimited leave policy to all lawyers come 1 January 2021. This is an expansion of the flexible leave / unlimited holiday model the firm had trialled since 2017 for all lawyers who had worked at the firm for longer than 1,000 days.

Education technology startup Unacademy has raised an undisclosed amount from Tiger Global Management and Dragoneer Investment Group, valuing the Bengaluru-based company at $2 billion. The latest investment comes just two months after Unacademy raised $150 million led by SoftBank Vision Fund 2 at a v...

Road developer IRB Infrastructure Developers Ltd … said Singapore’s sovereign wealth fund GIC is investing ₹4,400 crore in its road platform. — Mint The private InvIT is estimated to have a portfolio of INR 22,500 crores (approx. USD 3,191.48 million) at completion of construction. The road assets i...

Three private equity funds Investcorp, Norwest Venture Partners and Gaja Capital together invested about Rs 800 crore ($110 million) to acquire about 31% stake in Xpressbees, the E-commerce focused end-to-end supply chain solutions provider. — The Economic Times IndusLaw advised Busybees Logistics S...

Think and Learn which owns and operates education technology platform Byju’s — The Learning App — has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction… WhiteHat Jr, founded in 2018 by Karan Bajaj, the former CEO of Discovery Networks India, operates in the K-12 segment, teach...

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani’s Jio Platforms for ₹9,093.60 crore, the Reliance Industries Ltd subsidiary said in a release… The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise valu...

Mumbai-based extended warranty and device protection services provider Onsitego has raised $19 million (approximately Rs 135.71 crore at current exchange rates) in its Series B funding round led by the Avendus-sponsored Zodius Growth Fund. — VCCircle INDUSLAW advised Accel led by a team of partner A...

The US based private equity firm The Carlyle Group has agreed to acquire 74% stake in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India, for $210 million (Rs.1587 crore), company said on Friday. Carlyle will buy shares at a price of Rs.86 apiece. — The Economic Tim...

Former Mumbai-based Nishith Desai Associates (NDA) lawyer Karan Kalra, has started up his own law firm, called Bombay Law Chambers (BLC), specialising on venture capital (VC) and corporate advice, in addition to a novel twist on the model of him becoming an external quasi-general counsel (GC) to funds and corporates.