India's e-commerce giant Flipkart has infused $257 million (Rs 1632 crore) in its logistics arm Ekart, which is operated by Instakart Services. The amount was invested in three tranches through Singapore-based group company Klick2Shop Logistics Services International Pte from October and November. On October 9, 2017, Klick2Shop invested $50.8 million followed by 2 more rounds of investment…

Wixen Music Publishing, the famous publisher that represents eminent artists like Tom Petty, Missy Elliot, Stevie Nicks and Neil Young has filed a $1.6 billion lawsuit against Spotify. The lawsuit alleges Spotify of copyright infringement stating that thousands of songs on the platform do not have a proper license and seeks around $1.6 billion in…

The promoter of MedPlus Health Services Pvt. Ltd, has raised $117.67 million in debt financing from Goldman Sachs to buyout current private equity investors. Hyderabad-based MedPlus Health Services Pvt. Ltd is the second largest pharmacy retail chain in India after Apollo. It was founded by Madhukar Gangadi in the year 2006. The company’s existing private equity investors were US-based Mount…

Billionaire Mukesh Ambani's Reliance Jio Infocomm (RJI), a subsidiary of Reliance Industries Limited, has entered into an agreement with Anil Ambani’s debt-ridden Reliance Communications (RCom) for acquiring assets under four categories namely spectrum, tower, optical fiber network and other wireless assets. According to RCom, the deal constitutes 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands,…