WESTBRIDGE

​Shares of the FMCG major Hindustan Foods (HFL) surged 15% today on BSE to Rs 582.50 after a likely equity stake sale of 11.1% via a block deal on Wednesday. The deal size is said to be approximately worth Rs 720 crore.

WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of share...

Google-backed edtech startup Adda247 saw strong growth in FY24, with revenue nearly doubling to Rs 243.39 crore from Rs 129.65 crore in the previous year. They also made significant progress on profitability, slashing their net loss by two-thirds to...

Shares of Aptus Value Housing Finance fell 5.56% to close at ₹298.6 on Tuesday. In the past one month the housing finance company's shares have fallen 6.7%.

Meesho secures $275M funding in a $600M round. Share transfers hinted in SEC filing. In total, Meesho has raised $1.36 billion – including secondaries – since 2015.

Adda247 appointed Bimaljeet Singh Bhasin as CEO to lead skilling and higher education business growth, with support from Google, Westbridge, and Info Edge. Bimal's vast experience will help expand offerings for over 40 million users preparing for va...

The company last raised $35 million from PE fund Creagis in September. Goel will transition out of his day-to-day operating role over the next nine months.

Karnataka, officials said, was the first state to have put out an exclusive policy to promote electric bike taxis, but the government did not find the response from platforms encouraging enough.

As per the filings, Fidelity's funds have set Meesho’s fair value at around $4.1 billion as of October 31, 2023, down from around $5 billion as of end-August. Meesho was last valued at $4.9 billion after raising $570 million in 2021.

The fund was created with a leading investment from WestBridge Capital, among other limited partners including Godard Abel, founder and CEO of G2, a business-to-business marketplace that ranks SaaS companies.

Norwest Venture Partners, WestBridge Capital are among entities said to be in talks to pick up stake in ecommerce firm Meesho. The development underscores the growing trend of secondary share sales in late-stage firms.

Venture Highway first invested in Meesho in 2015. The exit comes just days after Venture Highway co-founder Samir Sood stepped down as a partner of the firm. At the same time, it had appointed Priya Mohan as the managing partner.

Telecom operator Vodafone Idea (VIL) is set to make substantial investments in the near future to facilitate the rollout of a robust 5G network and to further enhance the coverage of its 4G services. This commitment was underscored by the billionair...

Utkrishta Kumar, the chief experience officer for business at ecommerce firm Meesho, has resigned after five years with the company. Kumar will be leaving to pursue entrepreneurship, according to an internal email from co-founder and CEO Vidit Aatre...

The Indian fund which has backed companies like Freshworks, Dealshare and PhysicsWallah is in talks to pick up about 2% stake in Meesho.

Third Wave Coffee cofounder and chief executive Sushant Goel confirmed the new funding without providing any details. Creaegis closed a $426 million fund on September 20 through which it has made the investment in the coffee chain.

The layoffs come roughly one-and-a-half months after Vineet Rao stepped down as Dealshare’s chief executive. The company had earlier decided to shift its headquarters North, which is where most of its business comes from.

Karnataka allows operation of EV two-wheelers as bike taxis under its Electric Bike Taxi Scheme, 2021. The regulations, however, require the EV to be registered as a motorcycle in the transport category and used as a public service vehicle. On Satur...

The funds raised will be used for research and development with a focus on artificial intelligence (AI). It also intends to significantly scale up its SaaS offerings, including TrackWizz Screenzaa, and bring in new products in niche areas of financi...