Tata Digital, a wholly owned subsidiary of India s largest conglomerate, wrapped up two startup deals this week, while Indian SaaS startups clocked the biggest funding rounds.
ChrysCap-backed Infogain begins talks to offload controlling stake
SECTIONS
Share
Synopsis
The Infogain stake sale process includes the issue of new shares and the sale of stake by some existing investors, including ChrysCapital, at a valuation of $500-600 million.
iStock
Mumbai:Infogain Corp, the Silicon Valley-based digital platform and software engineering services firm backed by ChrysCapital, has begun preliminary talks with private equity funds and strategic investors to sell a controlling stake in the company at a valuation of $500-600 million (Rs 3,650-4,380 crore).
The transaction being discussed includes the issue of new shares and the sale of stake by some existing investors, said people in the know. ChrysCapital, a home-grown private equity fund, is expected to sell its majority stake. In 2015, ChrysCapital had invested $63 million to pick the stake in the California-headquartered Infogain.
Banking tech firm Zeta became the 14th Indian unicorn so far this year after raising $260 million from SoftBank and others. Tata Sons has made its acquisition of BigBasket official.
We ll soon meet in your inbox.
Please wait. Microsoft and Discord did not immediately respond to requests for comment. Social networking has grown during the Covid-19 pandemic as people spent more time online for gaming to investment amid stay-at-home restrictions.
Discord, which allows public and private groups to gather and chat by text, audio and video, has expanded from a gamers club to all types of communities, including sports fans, music groups and cryptocurrency investors. With over 140 million users, its business model stands out in the social network space where so many technology companies, such as Facebook Inc and Twitter Inc, rely on advertising for the bulk of the revenue.
ETtech Deals Digest: Byju’s $1-bn funding, Amazon’s $250-mn India fund
SECTIONS
Last Updated: Apr 16, 2021, 08:26 PM IST
Share
Synopsis
In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
ETtech
(Illustration: Rahul Awasthi/ETtech)
In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
Byju s $1-billion funding round
Liking this story?
SUBSCRIBE
We ll soon meet in your inbox.
Please wait.
Byju’shas raised over $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based investment hedge fund XN Exponent Holding, according to the company s regulatory filings.