Here’s today business news, the latest business news India today 3 March 2021.
- ideaForge, a drone manufacturer, has raised ₹15 crores from venture debt firm BlackSoil. The startup is backed by US-based WRVI Capital and leading companies like Qualcomm and Infosys.
- Apna. co, a vertical professional networking platform, raised $12.5 million led by Sequoia Capital India and Greenoaks Capital.
- Qoohoo, a Creator-based social platform, has raised around $800,000 as part of its angel round.
- Flipkart is planning to ramp up its online grocery service to 70 cities over the next six months. Its offerings are available currently in 50 cities.
- A day prior to its IPO opening, MTAR Technologies has raised ₹179 crores from 15 anchor investors.
- Ivanhoé Cambridge, the real estate subsidiary of Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund and the Embassy Group have launched a commercial office platform with an investment of $500 million.
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- Board of the Jagran Prakashan, publisher of Dainik Jagran, has approved to buy back shares worth up to Rs.118 crores.
- AMPM, a convenience store chain, has raised ₹16 million from Agility Venture Partners.
- ManipalCigna Health Insurance has launched a Lifetime Health plan offering a sum insured in the range of Rs50 lakh to ₹3 crores for coverages in India as well as abroad.
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- Former Vi executive Sundeep Kathuria has been appointed COO-India at XiFi Smart Networks, a wireless technology company.
- The proposed deal of PTT Group, Thailand’s energy major, buying a stake in ReNew Power Ventures has reportedly been called off.
- TRP scam: Bombay HC has granted bail to ex-BARC CEO Partho Dasgupta in the alleged TRP scam.
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