WestBridge Capital is in advanced stages of talks to purchase shares of Meesho in the secondary market, according to two people familiar with the matter, as the high-profile venture firm looks to broaden its bet on e-commerce. The investment firm, with a two-decade history of focusing on startups in India and Southeast Asia, is engaging … Read more
Walmart has spent $3.5 billion this 12 months to accumulate shares from sure Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating simply how aggressively it’s betting on India at a time when its chief world rival Amazon is scaling again on its expenditures within the South Asian market. The $3.5 billion spending befell … Read more
Vijay Shekhar Sharma, founder and chief government of Paytm, has entered right into a cope with Ant Monetary to accumulate a ten.30% stake within the Indian monetary providers agency in a transfer that seems to be orchestrated to chop the Noida-headquartered big’s publicity to the Chinese language firm. Resilient Asset Administration, a agency totally owned … Read more
Walmart paid $1.4 billion to purchase out Tiger International’s remaining holding of Flipkart shares because the retail big additional expands its stake within the Indian e-commerce startup. The transaction happened in current days and Tiger International, which has cashed most of its Flipkart shares earlier, total made a return of $3.5 billion on an funding … Read more
KYIV, Ukraine — The dramatic rupture of the dam that upheld Ukraine’s largest reservoir launched a torrent of water Tuesday, elevating fears of widespread harm and flooding in areas the place tens of hundreds of individuals dwell. It isn’t clear what brought on the breach within the Kakhovka dam, which was already broken. Ukraine accused … Read more
Final summer time, Blackbird, one in all Australia’s largest enterprise operations, marked down the worth of one in all its most prized stakes, within the Sydney-based design platform Canva. Valued at $40 billion by traders in a $200 million spherical within the fall of 2021, Blackbird adjusted its personal valuation of the corporate 36% to … Read more