For SoftBank, a deal means an entry into India’s big financial services market.
By Adam Jourdan
The deal marks a push by the firm in China’s autonomous vehicle market.
One of the most talked about startups in China Toutiao, a personalized news app, has pocketed $1 billion in a series D funding round from returning backer Sequoia Capital and CCB International, the investment arm of China Construction Bank, at a whopping $11 billion valuation, as per a report in Technode…. Read more »
While Federal Bank’s NBFC Fedfina and bakery chain Theobroma are in talks to raise funds, Reliance Capital is in talks to sell its stake in Prime Focus, and Edelweiss has attracted buyers for its gold refinery. Federal Bank’s NBFC looks to raise $46m Federal Bank‘s non-banking financial arm Fedfina, is planning to raise Rs… Read more »