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19 US Employees Become Millionaires After CEO Sells Company Stake For $1 Billion
Bill Phelps, the CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels, recently revealed that he turned 19 of his employees into millionaires after selling a majority stake to a private equity firm for close to $1 billion.
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IPL Franchise Gujarat Titans Get New Owners, Majority Shares To Be Sold To...
While the valuation of the stake being sold by CVC remains unconfirmed, the global private equity firm had invested Rs 5,625 crore to acquire the Titans in 2021.
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Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
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Uncertain About Your Career? This US CEO's "Genie Question" Might Help
Graham Weaver, the founder and CEO of private equity firm Alpine Investors, has revealed a crucial question students should ask themselves before choosing their career path.
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Video: Private Equity CEO Arrested After Body-Slamming Teen At US Restaurant
The CEO of a private equity firm in the US has been arrested for allegedly strangling a 15-year-old boy who splashed a woman with water at an In-N-Out restaurant.
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Toshiba Accepts $15 Billion Buyout Bid From Private Equity Firm Japan Industrial Partners
Toshiba accepted a $15.3 billion (roughly Rs. 1.25 lakh crore) buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about CNY 2 trillion ($15.3 billion) fro...
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PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise
Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore). PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing ...
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PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
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FTX Customers Sue Financial Firms That Found Crypto Exchange ‘Safe and Secure’
Former customers of FTX crypto exchange have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting the cryptocurrency exchange before it went bankrupt. According to a complaint filed late Tuesday in San Francisco federal court, Sequoia Capital, Thoma Bravo and Paradigm were "incentiv...
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Unisoc Said to Seek CNY 10 Billion Funding as China Boots Domestic Chip Sector
Unisoc (Shanghai) Technologies is seeking to raise CNY 10 billion (INR conversion) in a new funding round, three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round. The fundraising comes as China ramps up efforts to boost its domestic chip sector.
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PhonePe Raises $350 Million in Funding at $12 Billion Valuation, Becomes India's Most Valuable Payments Firm
PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.
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Coinbase Ventures-Backed Mara Crypto Wallet to Launch in Nigeria, Kenya
A new cryptocurrency wallet called Mara is ready for launch in the African markets of Kenya and Nigeria. The initiative is backed by Coinbase Ventures and Alameda Research, a Hong-Kong based private equity firm founded by Sam Bankman-Fried, the CEO of FTX crypto exchange.
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PhonePe Reportedly in Talks to Raise Funds in Round Led by General Atlantic at $12 Billion Valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion (roughly Rs. 99,300 crore), financial news website Moneycontrol reported on Friday, citing people aware of the matter. The US private equity group General Atlantic is likely to lead the round with an investment of $450 mi...
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Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEO
BluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.
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BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
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19 US Employees Become Millionaires After CEO Sells Company Stake For $1 Billion
Bill Phelps, the CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels, recently revealed that he turned 19 of his employees into millionaires after selling a majority stake to a private equity firm for close to $1 billion.
-
IPL Franchise Gujarat Titans Get New Owners, Majority Shares To Be Sold To...
While the valuation of the stake being sold by CVC remains unconfirmed, the global private equity firm had invested Rs 5,625 crore to acquire the Titans in 2021.
-
Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
-
Uncertain About Your Career? This US CEO's "Genie Question" Might Help
Graham Weaver, the founder and CEO of private equity firm Alpine Investors, has revealed a crucial question students should ask themselves before choosing their career path.
-
Video: Private Equity CEO Arrested After Body-Slamming Teen At US Restaurant
The CEO of a private equity firm in the US has been arrested for allegedly strangling a 15-year-old boy who splashed a woman with water at an In-N-Out restaurant.
-
Toshiba Accepts $15 Billion Buyout Bid From Private Equity Firm Japan Industrial Partners
Toshiba accepted a $15.3 billion (roughly Rs. 1.25 lakh crore) buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about CNY 2 trillion ($15.3 billion) fro...
-
PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise
Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore). PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing ...
-
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
-
FTX Customers Sue Financial Firms That Found Crypto Exchange ‘Safe and Secure’
Former customers of FTX crypto exchange have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting the cryptocurrency exchange before it went bankrupt. According to a complaint filed late Tuesday in San Francisco federal court, Sequoia Capital, Thoma Bravo and Paradigm were "incentiv...
-
Unisoc Said to Seek CNY 10 Billion Funding as China Boots Domestic Chip Sector
Unisoc (Shanghai) Technologies is seeking to raise CNY 10 billion (INR conversion) in a new funding round, three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round. The fundraising comes as China ramps up efforts to boost its domestic chip sector.
-
PhonePe Raises $350 Million in Funding at $12 Billion Valuation, Becomes India's Most Valuable Payments Firm
PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.
-
Coinbase Ventures-Backed Mara Crypto Wallet to Launch in Nigeria, Kenya
A new cryptocurrency wallet called Mara is ready for launch in the African markets of Kenya and Nigeria. The initiative is backed by Coinbase Ventures and Alameda Research, a Hong-Kong based private equity firm founded by Sam Bankman-Fried, the CEO of FTX crypto exchange.
-
PhonePe Reportedly in Talks to Raise Funds in Round Led by General Atlantic at $12 Billion Valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion (roughly Rs. 99,300 crore), financial news website Moneycontrol reported on Friday, citing people aware of the matter. The US private equity group General Atlantic is likely to lead the round with an investment of $450 mi...
-
Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEO
BluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.
-
BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
