ALPHA WAVE ACQUISITION

Alpha Wave Global is investing $350 million for a 12.5% stake in Advanta Enterprises Ltd, an Indian hybrid seeds company. The deal includes a primary investment of $100 million and a share purchase of $250 million from UPL, Advanta's parent company....

Singapore's Temasek and US financial service major Fidelity invest $200 million in Lenskart through a secondary share sale, valuing the company at $5 billion.

Brookfield's private equity division is in discussions with Blackstone, the world's largest alternative asset manager, to buy into PGP Glass, formerly Piramal Glass. The Canadian asset management giant is competing with US firm Platinum Equity Partn...

Internally, the Fi is experimenting with a new user onboarding flow called Fi Lite, where customers are not mandated to open a digital banking account anymore, rather can directly opt for credit products. Fi is also planning to rejig its one-time jo...

The decision to lay off employees has impacted 100 out of about 800 roles, across functions, a spokesperson for the Sequoia Capital India-backed startup told ET.

Deal another fire sale in D2C space, investors Gaja Capital, Matrix Partners exit as part of acquisition

The company is developing solutions in the form of compelling products and a fintech platform where average investors keen on the NFT market will be able to participate.

This in an 80% expansion in value for the company, which was last valued at $ 2.5 billion following the close of a $315 million round in July 2021 that was led by Singapore’s Temasek, which has also invested in the latest funding.

Originally launched as a short-form video sharing platform for lip-syncing and dancing videos, TikTok has grown into a full-fledged video service.

Together, both brands now have an annual revenue run rate of $650 million for FY23.

Valuation may hit $4.5-5b after financing that will include secondary share sale

The math tutoring startup Cuemath plans to use the funding to strengthen its product outcomes and for acquisitions and partnerships.

Byju Raveendran told us in an interview that the next 12 months will be the best time to acquire companies, and that Byju’s is looking at striking “multi-billion-dollar” deals around the world.

The $50 million share swap deal will give Avail Finance’s founder Ankush Aggarwal, the brother of Ola chief executive Bhavish Aggarwal, a stake in Ola’s parent entity ANI Technologies, three people aware of the deal told ET.

Last month, it had closed a $150 million financing from Alpha Wave Global (previously Falcon Edge) which also included a secondary share sale. The company led by fintech veteran Amrish Rau was valued at over $5 billion post this funding.

The first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the company in Singapore show. The news of Pine Labs raising the first tranche was first reported by Dealstreet Asia.

Founded in 2015, Moglix works with manufacturing and infrastructure companies to help streamline their end-to-end supply chain, from procurement to distribution.

The round was led by New York venture fund Tiger Global and co-led by WestBridge Capital, Alpha Wave Incubation and Z3Partners.

“Don't blindly put your money in mid and small caps because they have run up. That is not the true story. It is the sector driving the cap curve which has to be tracked.”