The acquisition deal between Axis Bank and Jasper-owned digital wallet FreeCharge is approved by Axis Bank Board of Directors, who have agreed to acquire the digital wallet for $60 Million in an all cash deal.
Japanese advertising and public relations company, Dentsu Aegis Network has acquired a 51% stake in digital media firm, Sokrati Technologies Pvt Ltd for an undisclosed amount.
Online beauty services provider BigStylist has raised INR 8 Crore in a fresh funding round led by Info Edge, which has increased Info Edge’s stake in the startup to around 50%, from the earlier 39%.
Home healthcare service provider Portea Medical, part of serial entrepreneurs K Ganesh and Meena Ganesh’s startup factory GrowthStory, is in advanced talks to raise $25 million or INR 160 crore in its Series C round from India-focused midmarket private equity firm Sabre Capital and from existing investor Accel Partners.
Homegrown cab-hailing firm Ola, run by ANI Technologies Pvt Ltd, is in advanced talks with Chinese Internet giant Tencent to raise $400 million (INR 2,564 crore) at a valuation of over $4 billion.