Adar Poonawalla.

Photo: The Indian Express

Serum Institute To Invest Rs 2,400 Crore, Generate 6,500 Jobs In UK

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.

Tue, 04 May 2021 - 01:50 PM / by Harsh Vardhan

Tags: India, UK, trade, SII, Investment

Courtesy: The Times of India

Representational Image

Photo: News18

Indian Gaming Sector Secures $544-Mn Investment During Aug 2020-Jan 2021

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

Mon, 15 Mar 2021 - 03:00 PM / by Neha Sanjeev

Tags: Gaming, India, Investment, Equity, Maple Capital Advisors, MPL, Dream 11

Courtesy: Deccan Herald

Amazon

Photo: Entrepreneur

Amazon's Global Profit Surges To $363 Million For December Quarter

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

Thu, 04 Feb 2021 - 09:28 AM / by Nikita Thakur

Tags: Amazon, QUARTER NET PROFIT, E-commerce, Investment

KYT

Photo: Brifly News

Bangalore-based EdTech Firm 'Kyt' Secures Investment of $5 Million

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

Fri, 08 Jan 2021 - 10:45 AM / by Nikita Thakur

Tags: Kyt, Investment, Bangalore, Brifly Exclusive, Alpha wave Incubation, Edutech Platform

PagarBook App

Photo: Twitter/PagarBook

Bengaluru-based PagarBook Raises Investment Of Rs 110 Crore

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

Thu, 17 Dec 2020 - 06:49 PM / by Sakshi Amrutkar

Tags: PagarBook, Investment, SMEs, bengaluru

Courtesy: Your Story

Representational photo: A student studying online.

Photo: Educator Online

Record $1.95 Bn Funds Received By Ed-tech Firms In 2020 Due To COVID-19

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. 

Wed, 02 Dec 2020 - 03:25 PM / by Harsh Vardhan

Tags: India, Online education, Inc42 Plus, business, Investment, Ed-tech

Courtesy: The Indian Express

Scooter

Photo: Financial Times

Germany's Tier Mobility Gets $250 Million From SoftBank Group

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

Tue, 10 Nov 2020 - 05:36 PM / by Sakshi Amrutkar

Tags: E-scooter, Tier Mobility, Soft Bank, Investment

Courtesy: Reuters

Biocon Founder Kiran Mazumdar-Shaw

Photo: India Legal

Goldman Sachs Invests Rs 1,125 Crore In Bengaluru-based Biocon Biologics

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

Sat, 07 Nov 2020 - 06:18 PM / by Dharshana Vijayan

Tags: GOLDMAN SACHS, Biocon Biologics, bengaluru, Investment

Courtesy: The Times of India

Mercedez Benz

Photo: Hindustan Times

Mercedes Increases Investment In India To Facilitate Its Local Manufacturing

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.

Wed, 04 Nov 2020 - 11:00 AM / by Shivam Chandrashekhar Kulkarni

Tags: Mercedes-Benz, India, Investment, Localization

Courtesy: Economic Times

Representational Image

Photo: HUFFPOST

Mumbai-based Startup InVideo Secures Rs 110 Crore Investment

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

Tue, 27 Oct 2020 - 10:39 PM / by Aman Tripathi

Tags: Indian Startups, Investment, Mumbai, InVideo

Courtesy: BW Business World