Author Archives
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TVS Holdings To Acquire 80% Stake In Home Credit India For Rs 554 Cr
Advertisements TVS Holdings Board of Directors approved the acquisition of a 80.74 per cent equity stake of Home Credit India Finance for Rs 554 crore. The remaining 19.26 per cent of the equity stake will be purchased by Premji Invest… Read More ›
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Elevation Capital Invests $2.6 Mn In Plotline
Advertisements Plotline, a startup enabling consumer app companies to rapidly and effortlessly customise their apps, raised USD 2.6 million from Elevation Capital to improve user adoption and loyalty in the super app era. Plotline was founded in 2022 by Shubham… Read More ›
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Exclusive: Incubate Fund Asia Likely To Close Its Third Fund by June
Advertisements Early-stage venture capital (VC) firm Incubate Fund Asia aims to close its third fund by June 2024. In an interview with BW Businessworld and VCWorld, Incubate Founder and General Partner Nao Murakami and Partner Rajeev Ranka said the third… Read More ›
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Swiggy Receives Shareholder Approval For Potential $1.2 Bn IPO
Advertisements Swiggy received approval from its shareholders for its initial public offering (IPO). The company plans to raise up to Rs 3,750 crore (USD 450 million) in fresh capital, along with an offer-for-sale (OFS) component of up to Rs 6,664… Read More ›
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Web3 Platform COG Bags $1 Mn From Strategic Investors
Advertisements A Web3 multi-gaming platform, Circle of Games (COG), raised USD 1 million in equity funding from strategic investors Nazara Technologies FZ, (a wholly-owned subsidiary of the Nazara Technologies) and The Hashgraph Association, the Swiss-based organisation working towards global digital… Read More ›
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Revolut India Receives Approval For Prepaid Payment Instruments
Advertisements Softbank and Tiger Global-backed Revolut India, has been granted in-principle approval by the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI). This includes prepaid cards and wallets, as CEO Paroma Chatterjee announced in a recent LinkedIn… Read More ›
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Ashneer Grover Launches Medical Bill Payments App ZeroPe
Advertisements BharatPe Co-founder Ashneer Grover and Aseem Ghavri have launched a new fintech app called ZeroPe for medical bill payments. ZeroPe, developed by Delhi-based Third Unicorn, offers financing options up to Rs 5 lakh for medical expenses and has partnered… Read More ›
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Postman Acquires Orbit To Expand Reach In Software Developer Community
Advertisements Postman, a platform for managing application programming interfaces (APIs), acquired Orbit, a tool used by companies to grow communities across forums, chat platforms and social channels. Orbit has helped developer companies manage and grow their communities across platforms like… Read More ›
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360 One Asset, Others Invest Rs 110 Cr In Recykal
Advertisements Recykal, a tech startup based in Hyderabad, raised Rs 110 crore (about USD 13 million) in funding from a Category II scheme led by 360 ONE Asset Management. This investment will support the company in further developing its technology,… Read More ›
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M2P Solutions Widens Its Net Loss To Rs 134.3 Cr In FY23
Advertisements B2B fintech startup M2P Solutions reported a consolidated net loss of Rs 134.3 crore in the financial year 2022-23, compared to Rs 40.1 crore in the previous fiscal year. This increase in loss was due to higher expenses. Despite… Read More ›