News in brief2019-02-11T06:03:41+00:00

News in Brief

Tiger Global leads Series A round in Fyle

Expense management start-up Fyle has scooped up $4.2 million (Rs 30 crore) in its Series A round led by Tiger Global.  The Bengaluru-based start-up also saw the participation of existing [...]

Allianz invests $200mn in Edelweiss platform

Allianz Investment Management, part of German insurer Allianz Group, has invested $200 million (Rs 1,420 crore) in a private debt platform of Indian financial services group Edelweiss. This investment is [...]

Airtel unit to merge with Telkom Kenya

Bharti Airtel Ltd’s subsidiary Airtel Networks Kenya Ltd will merge with Telkom Kenya Ltd to create a new entity, Airtel-Telkom, which will invest in networks to accelerate the rollout of [...]

Indian firm mulls introducing EVs in Zambia

Rasandik Engineering Industries, a firm that specialises in manufacturing electric motor three wheelers, expressed its willingness to introduce the eco-friendly vehicles to the Zambian market. Rajiv Kapoor, MD, Rasandik Engineering [...]

Pegasystems acquires business analytics firm Infruid

US-based enterprise software company Pegasystems Inc. has announced the purchase of Lewes- and Hyderabad-headquartered Infruid Labs Inc., a business analytics and data visualisation software company. Kerim Akgonul, senior vice-president of [...]

IFC to invest $8mn in Mintifi

International Finance Corporation, the private-sector investment arm of the World Bank, will invest up to $8 million (about Rs 57 crore) in Mumbai-based online lending platform Mintifi Pvt. Ltd, it [...]

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