Page 94 - Companies

Startup Fasal raises $4 mn to expand business in India, southeast Asia

Precision agriculture platform Fasal on Monday said it has raised USD 4 million from investors to expand business in India and South East Asia. The company raised this fund in pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners, Fasal said in a statement. Other investors in this round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus. Fasal is a full-stack AI-powered IoT SaaS platform for horticulture sector. Using on-farm sensors and scientific algorithms, Fasal delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance. To date, the startup claimed that it has helped save more than 9 billion litres of water from irrigation, reduced pesticide expenditure by around 60 per cent, and increased yields across 40,000

Macrotech Developers raises Rs 4,000 cr via QIP for growth, debt reduction

Realty firm Macrotech Developers has raised Rs 4,000 crore through sale of shares to institutional investors

Disprz raises $13 mn in Series B funding led by Dallas Venture Capital

Founded in 2015 by Subramanian (Subbu) Viswanathan and Kuljit Chadha, Disprz is an AI-powered learning and skilling suite that empowers companies to right-skill their workforce

China Evergrande sells its entire stake in HengTen Networks for $273 mn

China Evergrande Group said its unit will sell its entire share stake in HengTen Network Holdings for HK$2.13 billion ($273.47 million)

'Office space leasing in 7 cities to reach 95% of pre-Covid level in FY23'

The increase in net leasing and steady rental collections, which had not fallen significantly, will ensure that the credit profiles of commercial real estate owners remain stable, Crisil said

Digital payments firm PhonePe crosses 2-bn mark in monthly transactions

PhonePe's phenomenal growth comes on the back of rapid traction across Tier-II, Tier-III cities and beyond

Tata Consumer Products acquires 100% of Tata SmartFoods for Rs 395 cr

Acquisition marks TCPL's foray into the ready-to-eat segment

Toshiba says it plans to split into 3 firms, rejects calls to go private

After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets

Apollo Hospitals posts over three-fold jump in profit to Rs 267 crore

Apollo Hospitals to acquire Excelcare for Rs 210 crore

Most employees favour hybrid model of work post pandemic: Survey

A survey has revealed that 73 per cent of employees are in favour of the hybrid model of work across industries.

SoftBank to acquire stake in Icertis., valuing tech company at $5 bn

SoftBank Group Corp. is nearing a deal to buy a stake in technology unicorn Icertis Inc., valuing the enterprise software maker at about $5 billion

IPO is just graduation, must work on long-term view: Nykaa founder

The feeling is the same as it was at the beginning of the journey and as we went on roadshows with investors, said founder Falguni Nayar

Irrational exuberance and rational humility

I worry that the hard-earned savings of middle-class investors could be at risk

90% chipmakers have design footprint in India, says Intel's Prakash Mallya

Intel India is collaborating with both Bharti Airtel and Relia­nce Jio in helping to build their 5G networks in the country

HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator

The company aims to expand its operations abroad and add more products and features to compete in the $13 billion global HR tech market

'Toyconomy': Has new regulation translated into growth for toy industry?

Fresh rules on product standards and a steep rise in basic customs duty have altered the dynamics of the industry but not necessarily to the benefit of small players

MCA21's version-3 to offer better user experience, enhanced scrutiny

The main purpose of the portal would also be to facilitate seamless integration and data exchange among regulators

ByteDance founder Zhang Yiming steps down as chairman to focus on TikTok

ByteDance founder Zhang Yiming had announced his resignation as chief executive officer in May

Less than 1% of companies went for restructuring under second offer: Crisil

Rating agency says tepid response despite second wave reflects positive turn in demand outlook, and anxiety about negative stakeholder perception of restructured firms

India sees registration of over 16,500 new companies in September

As many as 16,570 new companies were registered in the country in September, taking the total number of active companies to more than 14.14 lakh, according to official data.