Page 5 - Companies

VC firm HealthQuad announces close of second fund for young companies

The second fund of HealthQuad closed with a total subscription of $162 million: more than twice its target size at launch

Delhivery aims IPO for Q1 as market sentiment improves for large offerings

Offer is pegged to be around Rs 7,000 crore, rides on a positive outlook for sector

Two top IndiGo's executives quit in 2 days as Rahul Bhatia is named MD

IndiGo's Chief Commercial Officer Willy Boulter said he will resign after July, just a day after CFO Jiten Chopra quit the biggest budget airline in Asia by market value

LTTS forays into Meta world, to carve out business unit for Metaverse

Amit Chadha, who completes a year at the helm of the company, last year had called out six big bets and changed the narrative of the company's focus

Singapore-based Sea's e-commerce unit Shopee to shut India operations

The withdrawal, effective beginning March 29, comes weeks after India banned Sea's popular gaming app 'Free Fire'

Chinese regulators, US working hard on solution to audit dispute: Report

Chinese regulators and their US counterparts are working hard to solve an audit dispute affecting US-listed Chinese firms and want to achieve effective and sustainable cooperation as soon as possible

Microsoft paying hundreds of millions in bribes, claims whistleblower

A whistleblower has alleged widespread bribery via Microsoft's foreign contract business, saying that more than $200 million each year is spent on bribes and kickbacks linked to the tech giant

QSR chain Lassi N Shakes enters Uttar Pradesh, eyes 1,000 outlets by 2025

Launched in May 2019, the restaurant chain has opened its 145th outlet, currently situated in 10 different states

Ukraine war: Over 400 firms stopped operations in Russia after US sanctions

More than 400 firms have stopped their business activities in Russia, as a result of the severe US sanctions on the country for its invasion of Ukraine, founder of Bobby Balachandran said

Gennova's mRNA vaccine in legal storm after HDT Bio Corp sues Emcure

The US firm HDT Bio Corp has alleged that Emcure 'willfully and maliciously' violated the Defend Trade Secrets Act and Washington's laws against trade secret theft

Food robotics company Mukunda raises $8 mn in round led by Zomato

Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service

Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners

The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities

OfBusiness financial arm Oxyzo raises $200 mn in Series A funding round

The funds will be used to expand Oxyzo's broader digital financial services play organically and inorganically across a strong own balance sheet play

Rage Coffee onboards Virat Kohli as investor and brand ambassador

Rage Coffee is planning to expand its online presence and offline footprint Pan-India and will utilise the fresh capital for marketing and distribution purposes

Voting advisory firm IiAS gives a thumbs up to Vodafone Idea fund raise

Promoter infusion will pave the way for Rs 10,000-cr additional fund raise for Vodafone Idea Ltd., say experts

Vedantu appoints former Reliance, Google executive as chief growth officer

Rungta is a seasoned leader with strong management experience across consumer internet, technology, and SaaS organisations

Sony Entertainment acquires Canadian gaming company Haven Studios

Haven Studios was founded by Jade Raymond, co-creator of Assassin's Creed and former head of Stadia Games and Entertainment

Refinancing debt more challenging for Vedanta Resources in tight market

While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations

Malaysia's IHH Healthcare offers $1.35 billion for Ramsay-Sime Darby JV

Ramsay Health Care Ltd and Malaysia-based Sime Darby Holdings have received a $1.35 bn buyout offer from IHH Healthcare Bhd for their Asia joint venture, the Australian hospital operator said

Russia to propose 10-year ban on foreign firms which don't return by May 1

Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the work of foreign companies that will not return to the country's market until May 1.