Flipkart invests in parenting social network app Tinystep
Parenting-focused social networking app Tinystep has raised an undisclosed amount from online marketplace Flipkart, the company said in a statement on Tuesday. The Bengaluru-based firm will use the funds to develop the product, grow its present 25-member team and increase user engagement.
Reliance Jio to raise Rs15,000 crore through a rights issue
Reliance Jio Infocomm Ltd, the telecom business of Mukesh Ambani’s Reliance Industries Ltd (RIL), will raise Rs.15,000 crore through a rights issue. Reliance Jio Infocomm said in a stock exchange filing that the board at its meeting on Monday approved a further issue of 15 billion equity shares of Rs.10 each totalling Rs.15,000 crore to existing shareholders. The company did not disclose why it was raising such a large sum.
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