Swedish gaming giant MTG acquires Bengaluru-based PlaySimple for $360M

Sweden-based Modern Times Group (MTG), a publically listed gaming giant, has acquired Bengaluru-based game developing startup PlaySimple for $360 million. The deal will help MTG to expand in geographies like…

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How Contentstack became a global Content Management leader by leveraging local engineering talent from Mumbai’s suburbs

Earlier in June, Contentstack, the leading Content Experience Platform (CXP), raised $57.5 million in Series B funding, just about 18 months after the company raised its Series A in 2019.…

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Govt plans institution to fund businesses focused on electric vehicles: Gadkari

The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public…

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[Funding alert] Licious raises $192M in Series F round led by Temasek and Multiples PE

Licious, the online fresh meat and seafood brand, has raised Series F funding of $192 million. The round was led by Temasek, the Singapore-based investment firm, and Multiples Private Equity.…

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India’s medical infra well prepared to deal with possible third COVID wave, says FM

India has ramped up its medical infrastructure and is well prepared to deal with the situation if there is a third wave of COVID-19, Finance Minister Nirmala Sitharaman said on…

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[Funding alert] D2C brand FRAAZO raises $11M led by Sixth Sense Ventures, NABVENTURES, and others

Mumbai-based D2C brand in the fresh vegetables and fruits space FRAAZO has announced the closing of a fresh $11 million Series A financing round of equity funding led by Sixth Sense…

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