Sun, May 9, 2021 5:58 PM
Mergers and acquisitions hike 8% to $32.3 bn till April despite Covid -2
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Betterplace Solutions backer Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at INR 153 Cr. This comes on the backdrop of Capria Ventures making a full-cash exit from one of its portfolio companies – Awign. Earlier today, Bengaluru-based Awign announced that a Japan-based HR tech platform Mynavi Corporation has bought a majority stake.
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The implied value of Blinkit, the troubled quick commerce startup that Zomato acquired in a fire sale in 2022, is now larger than that of Zomato’s core business (food delivery), analysts at Goldman Sachs said in a note published on April 25. From being an albatross around Zomato’s neck to now becoming its largest division, things are looking up for Blinkit.
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Shares of L&T Technology Services fell 9.5% to the day’s low of Rs 4,689.50 on BSE in Friday's trade after the company yesterday reported an 8% year-on-year (YoY) growth in net profit at Rs 1,304 crore while the standalone revenue stood at Rs 9,647 crore, up by 9% for the March-ended quarter.The company’s EBIT margin stood at 17.1% for the quarter ended March.
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