Abu Dhabi-based Aliph Capital, the Middle East’s first female-led private equity firm, said on Thursday it had completed a 100% buyout of UAE business The Pet Shop from Kasamar Holdings. The investment, the value of which was not disclosed, is the first under the firm’s Aliph Fund I (LP), in which Abu Dhabi sovereign wealth… Continue reading Female-led PE firm Aliph Capital buys The Pet Shop under first fund
Category: Tech News
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Stellantis is bringing its new all-electric Fiat 500e to North America in early 2024
Stellantis brand Fiat is coming back to the United States with its new all-electric 500e, a small urban vehicle that has been selling like hot cakes in Europe. The all-electric Fiat 500e is not like the original 500e, which was essentially a retro’d version of an internal combustion version of the same model. This time,… Continue reading Stellantis is bringing its new all-electric Fiat 500e to North America in early 2024
Toyota unveils all-electric SUV concept under its ‘Beyond Zero’ badge
Toyota unveiled Wednesday an all-electric SUV concept with plant-based seating and an AI “personal” assistant as the automaker expands its “beyond zero” portfolio. The bZ compact crossover concept that debuted at the Los Angeles Auto Show is meant to showcase Toyota’s vision for its battery-electric future. Toyota has said it plans to launch 30 fully… Continue reading Toyota unveils all-electric SUV concept under its ‘Beyond Zero’ badge
The new 2023 Toyota Prius plays up power, not fuel economy
Toyota is beefing up the fuel-sipping Prius hybrid, adding more power and quicker acceleration to appeal to a wider range of car shoppers in an increasingly crowded market. The car created – and dominated – the segment when it launched in the U.S. 22 years ago. But the world’s first production hybrid car has steadily… Continue reading The new 2023 Toyota Prius plays up power, not fuel economy
Toyota’s 2023 Prius is the most fuel-efficient vehicle in the lineup
Toyota has unveiled the latest Prius at an event on the eve of the 2022 Los Angeles Auto Show, and it says the model is the most fuel-efficient entry in the lineup to date. The company designed the 2023 Prius, which will come in LE, XLE and Limited grades, with a low center of gravity,… Continue reading Toyota’s 2023 Prius is the most fuel-efficient vehicle in the lineup
Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
US investment fund Blackstone Inc said on Thursday it would buy a 52% stake in India’s R Systems International from the IT services company’s promoters for $359 million. Blackstone said it would pay 245 rupees per R Systems share, a premium of around 4% to the closing price on Wednesday. But, R Systems‘ shares shot up about 17% to 275.25… Continue reading Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
Anicut Capital co-leads $7m funding in Chargeup and India deals worth $267m
Chargeup, which provides financing and battery-as-a-service offerings, on Thursday announced that it has raised $7 million in a pre-Series A1 funding round led by Capital-A and Anicut Capital. The financing also saw the participation of investors including Ekta Kapoor, Sunil Kalra, and Sachin Mehra. Go to Source
India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Fintech lender Aye Finance on Wednesday announced that it has raised about $10.7 million (Rs 87 crore) in debt funding from Swiss impact investor BlueOrchard. Separately, corporate social responsibility (CSR) platform Goodera has raised $10 million in fresh funding. BlueOrchard invests in Aye Finance Fintech lender Aye Finance on Wednesday announced that it has raised… Continue reading India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Indonesian regulator orders exchanges to stop trading FTX tokens
Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration Reuters 17 November, 2022 Indonesia has ordered crypto exchanges in the country to stop trading the FTX tokens following its bankruptcy filing in U.S. court, the sector’s regulator said in a… Continue reading Indonesian regulator orders exchanges to stop trading FTX tokens
Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m
Shares of the already-battered Paytm dropped around 10% in morning trade on the Indian bourses on Thursday, following reports that Japanese conglomerate SoftBank Group is looking to sell shares worth $200 million. The one-year lock-in period for investors in the fintech firm, which listed on November 18 2021, will soon end. SoftBank had invested $1.6… Continue reading Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m