Private equity firm TPG raises $1 billion in IPO

TPG priced 33.9 million shares at $29.50 per share, the source said. The buyout firm had said this week it planned to sell the shares at between $28 and $31 apiece.

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TCS, Infosys, Wipro Q3 results; delivery isn't enough for Delhi eateries

In an industry first, India's three largest IT services firms announced their December quarter results on the same day. A look at the key takeaways from the announcements.

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Lead School becomes third unicorn of 2022 after $100 million funding

The financing round makes Lead School the third startup to enter India’s unicorn club in 2022, after Mamaearth and Fractal AI. It is also the sixth Indian edtech company to reach unicorn status.

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IT Q3 Results: Infosys Beats TCS, Wipro with higher sequential growth

Infosys grew 7% in dollar terms over the previous quarter and TCS 4.5%—both beating analyst estimates. Wipro grew 3%, a tad lower than street expectations.

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Foundation PE buys out LPs of Prime Venture Partners’ first fund

Foundation Private Equity (FPE), an Asia-focused secondary fund, has bought out all investors in early stage venture capital firm Prime Venture Partners’ first fund, extending the fund’s life by four years.

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Gaming startup Rooter raises $25 million from Lightbox, others

Rooter, India’s leading game streaming and e-sports platform, raised $25 million (Rs 185 crore) in a Series A funding round led by Lightbox, March Gaming and Duane Park Ventures.

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Sugar Cosmetics parent acquires ENN Beauty

“With ENN, we will enter the skincare category and we expect it to grow exponentially over the next 12-24 months,” says Vineeta Singh, cofounder of Sugar Cosmetics.

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