Softbank may invest $2-3 Billion in Reliance Jio Japanese conglomerate SoftBank is reportedly looking to invest around $2 Bn to $3 Bn in Mukesh Ambani led Reliance Jio through the $100 Bn Vision Fund. Read More Piramal plans to merge three Shriram entities; mulls exit Piramal Group plans to merge all three entities of Shriram…

Despite TikTok Scrutiny, ByteDance To Invest $1 Bn In India ByteDance’s TikTok app was removed from Google Play Store and Apple App Store in India, but ByteDance remains bullish on the Indian market. The Chinese social networking company is now planning to invest $1 Bn in its India operations. Read More Cred Raising $100 Mn…

PayU acquires Accel-backed digital payments firm Wibmo for $70 mn Online payment company PayU, a subsidiary of South African media and e-commerce group Naspers, has acquired digital payments firm Wibmo Inc. for $70 Mn. Read More IFC plans to arrange $103 mn loans for Visakha Container Terminal International Finance Corporation (IFC), the World Bank’s private-sector investment…

Xiaomi and Shunwei are investing $7 Mn in bus tracking app ChaloThe investment arm of Xiaomi, Shunwei Capital had raised a $1.21 Bn fund in November last year, promising a significant chunk, approx $1 Bn to be invested in India. The first startup to get a piece of this cake is Chalo.com.Read More Logistics Unicorn BlackBuck…