Vaccine maker the Serum Institute of India will be investing Rs 2,400 crore in Britain to support clinical trials, research and development along with vaccine manufacturing. The deal is a part of the India-UK enhanced trade partnership, which altogether involves an investment of Rs 10,000 crore. According to sources, SII's investment aims to create 6,500 new jobs and intends to generate new business worth over $1 billion in the UK.
According to Maple Capital Advisors report, India's emerging gaming sector has secured $554-million investment during August 2020-January 2021. Maple’s founder and MD Pankaj Karna said the sector is now at its inflexion point with around 400 million gamers and a plethora of investors. Highlighting the participation of growth-oriented private equities, he said the numbers are expected to double in the coming 12- 18 months. Notably, Dream11,… read-more
Courtesy: Deccan Herald
US e-commerce giant Amazon has recorded a net profit of $363 million from its international business for the third financial quarter ended on December 31. The company witnessed a 54% hike in overseas sales accounting for $37 billion. Interestingly, it suffered a loss of $617 million in the same quarter last year. Reportedly, the pandemic-induced surge in online shopping and huge off-shore investments by the company were the reason behind the … read-more
Bangalore-based education technology platform ‘Kyt’ has secured an investment of $5 milion in a Series-A funding round. Primarily led by Alpha Wave Incubation, the investment has parts from Titan Capital, Sequoia Capital India's Surge and Singapore-based January Capital as well. Reportedly, the investment from Alpha Wave Incubation will be used by Kyt for setting up a regional headquarter in Abu Dhabi and expand its operational activities.… read-more
Courtesy: Brifly Exclusive
App-based staff management service provider PagarBook has secured Rs 110-crore investment in order to improve its products and increase its portfolio. The Bengaluru-based start-up received the investment in Series A funding from Sequoia Capital and India Quotient. The start-up, which was launched in 2019, serves small and medium enterprises (SMEs) with an easy-to-use staff management app. The app is available in 11 Indian languages and has… read-more
Courtesy: Your Story
India's 'ed-tech' business, with big players like Unacademy and Byju's, has reported a record funding of $1.95 billion in 2020. Reportedly, the growth measured from the beginning of 2020 till present showed a 31% increase than the combined funding of $1.48 billion in the last five years. Experts have believed that the investments had increased due to an increased demand owing to the closure of schools in the pandemic.
Courtesy: The Indian Express
Germany-based e-vehicle manufacturer Tier Mobility has attracted funds worth $250 million from SoftBank Group's Vision Fund 2. After the investment, the company has been ranked at the second position in e-motor companies, just under its rival Bird. Reportedly, the funds collected will be utilised for manufacturing smaller and less pollutant "micro-mobility" vehicles. Currently, the 2018-launched company has its market value just below $1… read-more
Bengaluru-based biopharmaceutical company Biocon on October 7 announced an injection of capital worth Rs 1,125 crore ($150 million) by investment giant Goldman Sachs in its subsidiary Biocon Biologics. Goldman will be issued an Optionally Convertible Debentures in return of the investment. The capitalization will help Biocon Biologics invest in its R&D and manufacturing and further expansion in the global market. Interestingly, this is… read-more
To increase its footprint in the Indian market, automaker Mercedes Benz has invested about Rs 400 crore in production line to facilitate domestic manufacturing of the company's cars. The investment has come in recent months only, with which the company's total investment in India stands at Rs 2,600 crore. Besides, to get the cost advantage over imported cars, the automaker has decided to manufacture AMG models in the country itself.
Courtesy: Economic Times
Online video-making startup, InVideo, has secured an investment of about Rs 110 crore from Sequoia Capital India and three other investors. With this investment, the Mumbai-based startup, which was launched in 2019, aims to expand its business to provide better technology solution for smooth creation and editing of videos. Sequoia's vice-president Prateek Sharma said, "InVideo is well-placed to become the platform of choice for video creation… read-more
Courtesy: BW Business World