VP Weekly | 17th Nov ’19
Global steel giant ArcelorMittal will acquire Essar Steel for $5.85 Bn
The world’s largest steel manufacturing company ArcelorMittal will acquire Essar Steel, which has 10 MT steel manufacturing plants in India, for $5.85 Bn
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Norwest Venture Partners has closed its 15th fund at $2 BnThe Palo Alto headquartered venture capital firm, Norwest Venture Partners has closed its 15th fund at $2 Bn
Startup News Snippets
M&A News
Market Pulse
- Hyderabad-based pharmacy retail chain MedPlus will raise $97 Mn from IPO
- OLX Group invested $400 Mn in German-based online car marketplace, Frontier Car Group (FCG), thereby becoming the largest shareholder in the company
- VC firm 100X.VC launched its Corporate Venture Capital program, where it will be onboarding Indian corporates as their investment partners and can allot $1.4 Mn – $14 Mn for startup investments
- TiE Global announced the launch of $70 K TiE Women fund to promote women entrepreneurs across its 61 chapters globally
- Windrose Capital announced the first close of its $30 Mn ‘The Next Billion Fund’, which will exclusively focus on early-stage startups starting with up to 50 seed-stage startups
- Paytm announced $70 Mn to invest in early-stage tech startups enabling AI-based technology and Big Data solutions to solve complex problems unique to India
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