Mensa Brands is now India’s fastest unicorn after a USD 135 Mn funding

Six-month old startup Mensa Brands has reportedly become India’s fastest unicorn after raising USD 135 million in Series B funding round. The fundraising was led by investor Falcon Edge Capital and also witnessed the participation of ....

Tesla shares fall as CEO Elon Musk’s Twitter feud extends selloff

Tesla Inc's stock reportedly extended its recent selloff on 15 Nov, after investors reacted to CEO Elon Musk's sale of shares worth USD 6.9 billion. Musk’s most recent Twitter feud with American politician and activist Bernie ....

BMW, Audi exploring plans to acquire British car brand McLaren: Report

According to a recent report from Automobilwoche, German luxury car makers BMW and Audi are planning to buy British sportscar brand, McLaren Automotive Ltd. BMW is targeting the supercar business, while Audi is looking to acquire McLaren....

Lenovo & Qualcomm unveil AR partnership to expand developer ecosystem

Lenovo Limited and Qualcomm have reportedly announced a new collaboration, with gaming companies and telecoms backing this partnership to expand the world of augmented reality (AR) software engineers. The companies are consolidating the Th....

Zomato plans to invest USD 1 billion in startups over next 1-2 years

Zomato, recently announced an investment of USD 175 million in three startups, namely, Shiprocket, Curefit and Magicpin, to diversify its bets following a blockbuster public listing. The company further plans to invest USD 1 billion in the ....

Lusha hits unicorn status with USD 205 million funding in Series B

Israeli B2B intelligence firm Lusha revealed it raised USD 205 million funding in Series B round at a USD 1.5 billion valuation. The round, led by growth equity firm PSG, and contribution from ION Crossover Partners, brings the company&rsqu....

Freshworks to sell shares worth USD 500 Mn to cashout listing gains

Founder Girish Mathrubootham, senior executives, other employees and stakeholders of Freshwork Inc, which recently entered the Nasdaq listing, have reportedly offered to sell over 13.6 million shares worth more than USD 500 million in one o....

SoftBank opts to buyback after USD 10 bln loss in Vision Fund Unit

Japanese multinational conglomerate holding company Softbank Group Corp will reportedly launch a buyback program after its Vision Fund Unit disclosed a loss of USD 10 billion. This was due to a sharp decline in the share price of its portfo....

FirstEnergy Corp. unveils USD 3.4 billion in new equity financings

U.S.-based electric utility company FirstEnergy Corp. recently announced strategic financings with Brookfield Super-Core Infrastructure Partners (Brookfield) and Blackstone Infrastructure Partners that will combinedly raise USD 3.4 billion ....

Netflix to roll out mobile games on Android devices starting this week

Netflix Inc. has reportedly announced its first lineup of mobile games which will roll out to all Android users around the globe starting this week. This release comes following early tests in select markets. The streaming giant first affi....