City Tier-Iii Financial News

13.04 / 12:21

BitGo KYC Crypto Exchange Giottus hits 1 million users, plans to offer crypto FDs soon

Giottus Crypto Exchange achieved the milestone of hosting more than one million investors on the platform ahead of its fourth anniversary. Giottus is the only bootstrapped exchange in India to have achieved this feat. Founded in November 2017, Giottus kicked off its operations in April 2018 and is among India’s top-rated crypto investment platforms. Chennai-headquartered Giottus is currently the only multilingual crypto platform in the country with investors having the ability to buy and sell their crypto portfolio in eight Indian languages, including Hindi, Tamil, and Telugu.

03.04 / 05:33

markets Citi FIVE Healthcare Indus hospital reports General Atlantic buys hospital chain Ujala Cygnus

General Atlantic, the US based private equity major has acquired Ujala Cygnus, a leading hospital chain in Northern India with a network of 21 hospitals serving Tier-II and Tier-III cities, said a press statement. Though the financial details are not disclosed, the deal has valued the chain at Rs1600 crore, according to sources. General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, valuing the chain at about Rs1600 crore, ET reported in December 2023.

21.12 / 09:35

Aware Platform Healthcare Indus stage hospital reports General Atlantic set to acquire Amar Ujala's hospital chain Cygnus Healthcare

General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, the Delhi based multi-specialty hospital chain owned by media group Amar Ujala, said multiple people aware of the development. The deal will value the chain at about Rs1600 crore. GA will acquire about 51% stake held by existing investors — Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund.

10.10 / 07:42

Citi Dreams Highways President country services Porter launches intracity logistics services in Kanpur

Porter has announced its foray into Kanpur with its diversified logistics services. The tech-based on-demand logistics companies seeks to ensure efficient and hassle-free goods movement through its range of vehicles.

10.08 / 00:53

Citi Metro show beautiful cover electronic ecommerce Ecommerce growth slows in FY23 as Covid effect evaporates: Report

Unicommerce. Growth in gross merchandise value (GMV) also slowed to 23.5% from 73.6%, the company, which helps merchants and brands sell online and manage their inventory, said in a report. Unicommerce chief executive Kapil Makhija said the slowdown in growth was a sign of stabilisation in the ecommerce industry after a couple of years of tailwind gains from Covid-19.

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