Aurum PropTech to acquire NestAway for $20M

Proptech major Aurum PropTech is set to acquire NestAway Technologies, a managed rental home company backed by Goldman Sachs, Tiger Global and Ratan Tata. The deal is likely to be worth over $20 million and will be one of the first such buyout deals for a rental platform.

NestAway was founded in 2015 and has raised $110 million from investors including Flipkart, Chiratae Ventures and a university fund. The company has over 39,600 tenants across 10 cities.

Aurum PropTech is looking to expand its presence in the Indian residential rental market. The company has made seven ..

ReNew Power issues high-yield offshore bond worth Rs $400 mn

According to Kedar Upadhye, group chief financial officer at ReNew Energy, Diamond II Ltd, a division of the company, has appointed Barclays, Deutsche Bank, HSBC, JP Morgan, Standard Chartered Bank, and BNP Paribas as joint worldwide coordinators. The company for alternative energy would now hold roadshows for the bond offering, which would be supported by its corporate guarantee.

The bonds are in compliance with the International Capital Market Association (ICMA) Green Bond Principles, a set of rules that guarantees the bonds are used for environmentally sustainable projects, and ..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..