The story of Ankur Jain, unchecked ambition, and ₹2,100 crores in losses A) The Context Picture this: It’s 2017. You walk into a Bangalore brewpub. Everyone’s drinking the same beer&mdas...
BIRA 91, India’s leading craft beer brand, celebrates a significant milestone with the opening of its 9th Taproom. Coinciding with the brand's 9th anniversary, this new Taproom marks a major moment in the brand’s ongoing journey to revolutionize the craft beer experience in India. 1. Kamala Mills: The New Hub for Craft Beer Enthusiasts Located in the lively Kamala Mills area of Lower...
Ahmedabad-based Torrent Group is reportedly set to acquire a majority stake in the Gujarat Titans, an IPL franchise, from European private equity firm CVC Capital Partners. Sources indicate that this acquisition, expected to be formalized after the ownership lock-in period ends in February 2025, values the franchise at over $1 billion. The deal highlights the surging valuations of IPL teams, drive...
Sterlite Power has raised ₹725 crore to bolster its Global Products and Services (GPS) division. The investment, led by GEF Capital Partners and ENAM Holdings, comes shortly after the company spun off its GPS business in October this year. This marks the first major funding round for the newly established entity. 1. Expanding Operations and Supporting Working Capital The ₹725 crore...
HDFC Bank, India's leading private sector lender, has re-entered discussions with Mitsubishi UFJ Financial Group (MUFG), Japan's major financial institution, regarding a potential stake sale in its non-lending arm, HDB Financial Services. The move follows a shift in the regulatory landscape after the Reserve Bank of India's (RBI) new guidelines, which were revealed on October 4. These changes may...
In a significant secondary market transaction, Nuvama Wealth and Investment Limited has purchased shares worth Rs 100 crore in Oravel Stays Limited, the parent company of OYO. This acquisition, made on behalf of various family office investors, was executed at a price of Rs 53 per share, according to insider sources. 1. Valuation Pegged at $4.6 Billion The purchase price of Rs 53 per share...
Bira 91, one of India’s leading craft beer brands, has joined forces with NH7 Weekender, India’s longest-running multi-genre music festival, as the official beer partner for its 15th edition. For the first time in the festival’s history, a dedicated beer partner will add to the event’s charm, creating a unique experience for attendees. This year’s festival is set to t...
At the Rising Rajasthan Global Investment Summit 2024, Ritesh Agarwal, CEO and co-founder of OYO, announced plans to set up a global back office in Jaipur. This hub will serve as the operational backbone for the company’s activities across the United States and Europe. Agarwal emphasized that Jaipur’s strategic role aligns with OYO’s broader global expansion strategy. Raja...
Lava International Limited has introduced the Yuva 4, a smartphone designed to cater specifically to individuals entering the smartphone world. Priced competitively at ₹6,999, the Yuva 4 offers several premium features typically associated with more expensive models, making it an excellent value proposition for budget-conscious buyers. Impressive Camera Setup The Yuva 4 boasts a dual-...
Oyo, the global hospitality company, has secured a $825 million senior secured term loan through Deutsche Bank. This funding is set to support Oyo’s $525 million acquisition of Motel 6, its largest deal to date, and refinance existing debt. An additional $65 million in equity funding is also being raised to bolster the acquisition and streamline financial obligations, adding to the $175 mill...
The Unthinkable Just Happened Imagine this: A company that started by mailing DVDs in red envelopes just bought one of...
The Story Over the last two years, government agencies auctioned 88 gigawatts of solar and renewable projects...
What's the story? Elon Musk says it. Jeff Bezos believes it. And now Sundar Pichai is betting big on it. By 2030, it co...
The Story of Two Bansals, a $16 Billion Deal, and a Singapore U-Turn The Beginning: When Books Met Ambition Picture...
Company Brief Prisma Global Limited is an India-based technology company operating in the AI-driven visual intelligence...
How Two US Giants Crushed India's E-commerce Darling In February 2016, Snapdeal stood at the pinnacle of India's e-comm...