Ant Group to Sell 4 Per Cent Stake in Paytm
China’s Ant Group, through its affiliate Antfin Netherlands Holding BV, is set to sell 26 Mn shares in One 97 Communications, the parent company of Paytm. This represents approximately four per cent equity. The floor price for each share is fixed at Rs 809.75, a 6.5 per cent discount to Monday’s closing rate. Based on this price, the stake sale may raise Rs 20.65 Bn.Antfin has gradually reduced its holding in the Indian financial technology firm. As of March 2025, it held 9.85 per cent equity. In August 2023, it had divested a 3.6 per cent stake for Rs 20.37 Bn. Citigroup and Goldman Sachs..
Dixon to Manufacture Alcatel Smartphones in India
Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed a contract manufacturing agreement with NxtCell India to produce smartphones for the Alcatel brand under the ‘Make in India’ initiative. Dixon Technologies is India’s largest home-grown, design-focused electronics manufacturer, catering to consumer durables, lighting and mobile phones. The company has actively expanded its partnerships in recent months. On 30 April 2025, Dixon announced a joint venture with Taiwanese hardware firm Inventec to create Dixon IT Devices Private Limited, with a sixty to forty owne..
Porter Raises $200 Million, Valuation Hits $1.2 Billion
Logistics startup Porter has raised $200 Mn in a Series F funding round led by Kedaara Capital and Wellington Management, valuing the company at approximately $1.2 Bn. The round included both primary investment and secondary share exits by existing investors.Founded in 2014, Porter plans to utilise this capital to expand into new cities, build its team, and advance its technology. The company aims to serve Mns of micro, small and medium enterprises (MSMEs) and offer opportunities to over one Mn gig workers.Porter had entered the unicorn club in its previous funding round. Now marking ten years..
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