Abu Dhabi Investment Authority Close to Buying $500 Million Stake in Indian Eyewear Startup Lenskart
The Abu Dhabi Investment Authority (ADIA) is close to paying $500 million for a stake in the Indian eyewear start-up Lenskart Solutions Pvt. The deal, which could be announced as…
Shopee Lays Off Staff Across Southeast Asia Amid Global Market Uncertainties
According to reports, staff members have been let go by Shopee, the Sea Group's online store, across Southeast Asia, including Indonesia, Thailand, and Vietnam. The company's move reflects its efforts…
Waterfield Advisors Launches Heritage, a Wealth Advisory Platform for High-Net-Worth Women
Waterfield Advisors has launched Heritage, a new wealth advisory platform designed for high-net-worth women. With a comprehensive range of services, including philanthropic advisory, family governance, and investment advisory, Heritage aims…
Bengaluru Fintech Startup Slice Acquires Stake in North East Small Finance Bank
According to reports, the Bengaluru-based fintech startup Slice paid $3.42 million (INR 28 crore) in September last year to acquire a 5% stake in the Guwahati-based North East Small Finance…
Is Nykaa’s Growth Sustainable Amid Rising Competition? – Macquarie Analysis
Nykaa, India's largest beauty e-retailer, has been given a target price of INR 115 by brokerage firm Macquarie, indicating a potential 27.2% decline in the company's stock value. The brokerage…
Mintifi Raises $110 Million in Series D Funding Round Led by Premji Invest
Premji Invest led the $110 million Series D funding round for Mintifi, a B2B digital lending startup. Current investors Norwest Venture Partners, Elevation Capital, and the International Finance Corporation also…
Dentsu Asia Pacific Appoints Harsha Razdan as South Asia CEO
Dentsu Asia Pacific has recently declared the induction of Harsha Razdan as the Chief Executive Officer (CEO) of South Asia, dentsu, commencing from 1st May 2023. With more than 25…
International Women’s Month: Gail Cruz Macapagal: Empowering Women in Blockchain and the Modern Meta Woman
Gail Cruz Macapagal: Empowering Women in Blockchain and the Modern Meta Woman As the old song by Bob Dylan goes, “The times they are a-changin” We are at…
Indian UPI transactions exceed 800 crore in Jan 2023, highest ever daily volume for NEFT – RBI Governor
The Reserve Bank of India (RBI) governor, Shaktikanta Das, announced that payments made through the unified payment interface (UPI) have seen significant growth over the past year. The number of…
Electric Vehicle Adoption Gets a Boost in Indonesia with $110M Incentive Plan
Indonesia plans to launch an incentive program aimed at boosting sales and usage of electric vehicles (EVs) from March 20th. The program, estimated to be worth $110 million, will be…
Grab invests in its future, paying off $600 million in outstanding debt
Grab, a Singaporean tech company, has paid off outstanding debt worth US$600 million that was set to mature in 2026. The company used its substantial cash reserves, reporting US$6.5 billion…
India’s M&A Activity Expected to Stay Strong in 2023, Says JPMorgan
India went against the global trend of fewer deals by having its busiest year for mergers and acquisitions (M&A) with about $191 billion worth of deals in 2022. JPMorgan Chase…
Moodle Launches Indian Subsidiary to Expand Presence in EdTech Space
The edtech company Moodle, with headquarters in Australia, has announced the opening of Moodle India, a subsidiary. The action is a part of the business's plans to grow in the…
Modernizing Legacy Banking Systems with Cloud-Native Platforms
Introduction The traditional, mainframe-based banking systems that are often used in international banking are one of the most deeply rooted legacy infrastructures that are still in use today. Since maintaining…
Kalyan Jewellers Celebrates Women’s Achievements with #HerMilestones Campaign
In honour of International Women's Day, Kalyan Jewellers has introduced a new digital campaign called #HerMilestones. By recognising their accomplishments and celebrating their strength, resilience, and perseverance, this campaign aims…
