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The Tata Group has denied rumors of acquiring a stake in Haldiram s, a snack-food maker. Instead, the Indian conglomerate may focus on expanding its consumer super-app, Tata Neu, which has the potential to tap into India s online commerce market. The group is also venturing into AI and semiconductor manufacturing through partnerships with Nvidia. However, the competition from Mukesh Ambani s Reliance Industries, which is also exploring similar fields, poses a challenge. ....
Venture Catalyst s 9Unicorns raises Rs 100 crore from Haldiram s, others SECTIONS Last Updated: Feb 08, 2021, 04:23 PM IST Share Synopsis 9Unicorns, which has also exercised an option to increase its investment corpus to Rs 500 crore, is now looking to make early-stage investments in over 100 startups. ETtech Illustration: Rahul Awasthi Mumbai:Venture Catalyst’s early stage startup fund 9Unicorns has raised Rs 100 crore from India’s leading snacks maker Haldiram’s and a few other unnamed investors. Its investment corpus has now doubled to Rs 200 crore after it first raised Rs 100 crore in August last year. The startup accelerator has also exercised an option to increase its corpus to Rs 500 crore, it said in a statement. 9Unicorns is also in talks with corporations and investors to raise the next Rs 300 crore in the coming months, it added. ....