BEx Shorts

Bharti Airtel is going for rejig in its infra. Owing to which, the telecom company will absorb Airtel Digital. It will reportedly accommodate all digital assets such as Airtel X Stream, Airtel Thanks, and other related apps. Airtel Ltd has been created to contain other telecom entities of the firm.

AppLovin Corp has valued its IPO at $80 apiece share. With this deal, the company’s valuation has reached $28.64 billion. Through the IPO, it will raise $2 billion. The firm has over 410 million users on the online portal. Its applications comprise over 200 mobile games.

SoftBank Vision Fund is going to infuse $450 million in Swiggy. The fund is betting in the food delivery space after years of calibration. The transaction is going to value Swiggy at $5 billion. According to media reports, the deal is further an extension of the food delivery company's fundraising exercise.

Flipkart has proclaimed its plan to buy a 100 per cent share in Cleartrip. With this move, the online retailing firm will fortify its overall product offerings. The e-commerce company will acquihire Cleartrip. After the move, Cleartrip will work along with Flipkart and augment tech solutions.

Possible has garnered INR 5 crore from actress, Aishwarya Rai Bachachan. The investment was a part of a funding round. Fresh capital will be employed to expand in new Indian markets. The transaction is reportedly called to be the primary fundraise via the larger funding exercise of INR 15 crore.

Dunzo garners $40 million in series E funding round. Investors, who took part in the round, are Google, Hana Financial Investment, LGT Lightstone Aspada, Lightbox, Evolvence and Alteria, amid others. It decides to concentrate on sustainable growth throughout swiftly growing cities like Mumbai, Pune and Chennai in the offing.

Dunzo garners $40 million in series E funding round. Investors, who took part in the round, are Google, Hana Financial Investment, LGT Lightstone Aspada, Lightbox, Evolvence and Alteria, amid others. It decides to concentrate on sustainable growth throughout swiftly growing cities like Mumbai, Pune and Chennai in the offing.

Automotive retail software provider, Tekion Corp has lately raised $140 million in Series C round. With this investment, the company’s valuation has surged to $1 billion; it has become a unicorn. The investment will help in business expansion and render capital for investments in India to support development and global sales.

Kieraya Furnishing Solutions Pvt Ltd, which manages furniture rental company, Furlenco has garnered INR 20 crore in funding exercise. BlackSoil Capital infused money in the company. The startup primarily designs furniture in-house. It claims to have created more than 150,000 houses across prime Indian cities so far.

Taxmantra Global has lately launched its investment banking wing and private investment wing, ProfitBoard Ventures to support technology-enabled startups in India and Southeast Asia. The Singapore-based new investment arm will help early and growth-stage startups in raising funds through its consortium of investors. It will infuse $100 million into selected startups.