Mobikwik gets Sebi’s all-clear for Rs 1,900-crore IPO

Digital payments firm Mobikwik has received a go-ahead from the Securities and Exchange Board of India (Sebi), for its Rs 1,900-crore ($255 million) IPO. It is expected to launch its IPO before Diwali (November 4) and is likely to fetch a valuation of $1 billion, sources indicated. Mobikwik was last valued at around $700 million when it raised funds in April and […]

Dream11 suspends operations in Karnataka after police lodged FIR🤕

Dream11, one of India’s most popular gaming apps backed by Tiger Global, has suspended operations in the southern Indian state of Karnataka after a complaint was registered against its founders claiming it was in violation of a new state gambling law. The state law, which came into effect last week, bans online games involving betting and wagering and “any […]

Reliance announces ₹8,600 cr worth buys💰

Dream11 suspends operations in Karnataka, Mobikwik IPO, Funding Deals & more. Reliance New Energy buys REC group, 40% stake in SP  group  solar  unit🌞 Reliance New Energy Solar Ltd, a wholly-owned unit of Mukesh Ambani-led Reliance Industries Ltd, announced two acquisitions for nearly ₹8,600 crores on Sunday as part of its ₹75,000-crore green energy transition plan. The […]