Global venture funding fell 18% in Q2 2023 to $65 billion, according to Crunchbase data. This is a 49% decrease from the second quarter of 2022, when investors spent $127 billion. The first half of 2023 was also down significantly, with total funding reaching $144…
Jio Financial Services and BlackRock, Inc. will form a 50-50 joint venture to launch asset management services in India, according to a Reuters report. The two companies will invest $150 million each in the joint venture, which will leverage BlackRock’s expertise in investment and risk…
Tiger Global Management, a hedge fund that has invested heavily in Indian tech companies, has sold its remaining stake in Flipkart for $1.4 billion. The sale values Flipkart at $35 billion, down from its peak valuation of $38 billion in 2021. Tiger Global first invested…
Private equity firms TPG and Francisco Partners are set to acquire software observability leader New Relic in a deal valued at $6.5 billion. The deal is one of the largest take-privates of 2023 and comes amid a broader slowdown in PE deal flow. New Relic…
