NSDL eyeing to raise Rs 4,500 crore via IPO route
India’s first and biggest depository services company, National Securities Depository (NSDL) is eyeing to raise Rs 4,500 crore through its primary stake sale. Know more
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Skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO
Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next year and is seeking a valuation of around $3 billion, three people with direct knowledge of the company’s plans told Reuters. Know more
RBI restricts non-bank fintechs from extending credit lines on e-wallets
The Reserve Bank of India said in a letter that prepaid payment instrument providers — largely e-wallets — are not allowed to offer non-bank credit lines. The letter, which has not been posted on RBI’s website, was reviewed by Entrackr through a source. Know more
Deltatech Gaming files Rs 550 crores IPO papers with Sebi
The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter — Delta Corp Limited, according to the Draft Red Herring Prospectus (DRHP). Know more
Centre Bans Third-Party VPNs And Cloud Services In Govt Offices
The Centre has asked its employees to not use third-party virtual private networks (VPN) and anonymisation services offered by VPN companies including NordVPN, ExpressVPN and Tor. Know more
FanClash raises $40 Mn from Sequoia, Falcon, Polygon and others
E-sports community engagement platform FanClash has raised $40 million in a Series B round from Sequoia Capital India, Falcon Edge, Info Edge India and Matic Networks (Polygon). Know more
Reliance Retail, Jio IPO unlikely to be announced in RIL AGM: JPMorgan
Reliance Industries Ltd (RIL) is unlikely to announce the initial public offerings (IPOs) of Jio and Retail in this year’s annual general meeting (AGM), as per global brokerage JPMorgan, as RIL AGM’s expectations continue to center on the potential de-merger of the retail and telecom businesses. Know more
RBI Lifts Restriction On Mastercard, Allows Onboarding New Domestic Customers
The Reserve Bank of India (RBI) has lifted the business restrictions on global payments technology company Mastercard almost a year after it barred it from issuing new debit and credit cards to domestic customers for violating data storage rules. Know more
ShareChat raises funds from Google, Temasek; co-founders hold less than 10% stake
Mohalla Tech, operator of vernacular social media ShareChat and short video entertainment platform Moj, has raised Rs 607 crore in a Series H round led by Google. This marks its first equity round for this year. In February, it had raised $100 million debt from Tencent. Know more
Ronnie Screwvala’s upGrad Raises $225 Mn, Valuation Soars To $2.25 Bn
Ronnie Screwvala’s upGrad raised $225 Mn in a fresh round of funding from James Murdoch’s Lupa Systems LLC and Educational Testing Service (ETS), a US-based testing and assessment company which develops standardised tests such as Test of English as a Foreign Language (TOEFL) and Graduate Record Examination (GRE). Know more