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MUMBAI: Rapido, which rivals Uber and Ola in India’s ride-hailing market, has raised a fresh $240 million in funding led by Dutch technology investor Prosus at a valuation of $3 billion, higher than its last valuation of $2.3 billion it attained when Swiggy sold its stake in the startup in a secondary transaction in September…
Bengaluru: Snabbit has raised $56 million as it looks to consolidate its position in India’s fast-growing on-demand home services market. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments. The funding values the startup at about $390 million, sources told TOI. Founder and CEO Aayush Agarwal declined to…
Bengaluru: A logo of the IT major, Bengaluru-headquartered firm, Infosys, in Bengaluru, Karnataka. Mumbai: IT giant Infosys slipped out of the 10 most valued firms in India on Monday. On the other hand, TCS, which was the second most valued company in the country till a few years ago, is now the sixth-most valued company.All…
Infosys is no longer enjoying the strong investor confidence that it once did. This year, the IT giant, long seen as one of Dalal Street’s reliable compounders, has come under heavy pressure. The company fallen out of India’s top 10 most valued companies, after seeing a wipe out of more than Rs 2 lakh crore…
FILE – Peter Thiel, co-founder of PayPal and Palantir. (AP Photo/Rebecca Blackwell, File) Halter, the New Zealand-based startup specializing in artificial intelligence-powered cow collars, has secured $220 million in fresh capital to scale its technology globally. The global agtech company transforming cattle farming has announced that it has raised $220 million in Series E funding…
Last week’s bloodbath at the Dalal Street erroded the market capitalisation of five of the top-10 most-valued firms by over Rs 1 lakh crore. The broader equity benchmarks also ended on a muted note. The BSE Sensex slipped by 30.96 points, or 0.04%, while the NSE Nifty declined 36.6 points, or 0.15%, reflecting a largely…
Dalal Street ended last week in red with eight of India’s ten most valuable companies together losing Rs 2,81,581.53 crore in market value. State Bank of India emerged as the biggest laggard during the period. The broader market also saw heavy selling pressure. The BSE benchmark index dropped 2,368.29 points, or 2.91%, over the week….
South Delhi is one of India’s most prestigious residential regions. This is where most of the diplomats, business tycoons, Indian celebs, and political leaders have their private residences. The area is clean, green, and dotted with sprawling villas which is why the belt ranks among the world’s most exclusive real estate addresses. The demand is…
Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…
Six of ten most-valued companies saw their market capitalisation soar by Rs 63,478.46 crore last week, fueled by strong gains in Larsen & Toubro and State Bank of India. The broader market also moved modestly higher, with the 30-share BSE Sensex rising 187.95 points, or 0.22%, during the week. Among the top firms, Larsen &…
