indiabulls

Nextbillion Technology, which runs investment platform Groww, has completed the acquisition of the mutual fund business of Indiabulls Housing Finance (IBHFL) for Rs 175.6 crore after receiving the necessary approvals, IBHFL said in a filing with exchanges. This comes almost two years after Groww inked a definitive agreement in May 2021 to acquire the mutual fund business of IBHFL’s subsidiaries Indiabulls Asset Management Company Ltd (IAMCL) and Indiabulls Trustee Company Ltd (the trustee of IAMCL).The sale of Indiabulls…

In the latest string of layoffs in the funding winter, conglomerate Indiabulls' social commerce platform Yaari has reportedly laid off nearly 150 employees which makes 60 per cent of its workforce.According to a report in the leading startup news coverage portal Inc42, Yaari is likely to be merged with another Indiabulls-backed entity called 'Dhani', which is an ecommerce platform.The layoffs reportedly occurred in the last week of April across supply support, customer support, business development and marketing…