Klarna pockets $650m funding for e-commerce payment solutions

Klarna pockets $650m funding for e-commerce payment solutions

Klarna, a Swedish fintech company, which serves as an e-commerce payment solutions platform for merchants and shoppers, has pocketed $650 million in a new funding round, to further speed up its global expansion. Technology investor Silver Lake led the funding round which has almost doubled the valuation of the fully licensed Swedish bank to $10.65 […]

Silver Lake to invest $1bn in Indian retailer Reliance Retail

Silver Lake to invest $1bn in Indian retailer Reliance Retail

Indian conglomerate Reliance Industries said that US private equity firm Silver Lake will invest INR 7,500 crore ($1.02 billion) for a stake of 1.75% in the former’s subsidiary Reliance Retail Ventures Limited (RRVL). The investment values Reliance Retail Ventures at a pre-money equity value of INR 4.21 lakh crore. It marks the second billion dollar […]