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Smartphone maker Lava eyes India venture with Chinese partner
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Byju’s raises $250 million funding from existing investors, eyes another $500 million
Byju’s has closed a financing round of $250 million from its existing investors, including Qatar Investment Authority (QIA), which led the round with over $100 million. It includes the sale of secondary shares by existing investors of the edtech firm. The primary fundraise was executed at its previous valuation of $22 billion while the secondary…
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Amid Market Volatility, Droom Withdraws INR 3,000 Cr IPO Bid
As negative market sentiment continues to weigh heavily on new-age tech stocks, online car marketplace platform Droom has now withdrawn its INR 3,000 Cr initial public offering (IPO) bid. In its weekly observation data issued on October 14, SEBI noted that the issue was ‘withdrawn on October 12, 2022. While there was no clarity immediately…
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Smartphone maker Lava eyes India venture with Chinese partner
Indian smartphone maker Lava International Ltd. is in advanced talks with China’s Huaqin Technology Co. to create an electronics manufacturing venture in the South Asian nation. The venture would aim to win contracts from the US and Chinese customers for research and development, design, and manufacturing of electronics products, according to a letter from Lava…
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Fidelity, HDFC Mutual eye India’s Five Star IPO at lower valuation
Indian non-banking finance company Five Star Business Finance is planning to make its stock market debut within weeks, with anchor investors including Fidelity Investments in talks to subscribe to the issue at a valuation 27% below the company’s last fund raise, three sources said. Backed by U.S. investors such as KKR & Co and Sequoia…
