Author Archives
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Phonepe Introduces ‘Made In India’ App Store To Developers
Advertisements Fintech startup PhonePe is planning to launch its ‘Made-In-India’ mobile application for the users. The application named ‘Indus’ will be one-of-a kind platform to provide localised services to Indians. By far, it has also roped in Android app developers… Read More ›
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Ather Energy Net Loss Surges Over 150% To Rs 864 Cr
Advertisements Bengaluru-based two-wheeler electric vehicle (EV) manufacturer Ather Energy’s net loss surged over 150 per cent in the year ended 31 March, 2023. The Hero MotoCorp-backed EV startup reported a loss of Rs 864.5 crore in the financial year 2022-23… Read More ›
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Venture Catalysts Exits From Koovers, Bags 2.1x Returns
Advertisements Venture Catalysts, an early-stage investment firm, has made a full exit from its portfolio company, Koovers, a B2B ecommerce platform for auto spare parts, with 2.1x returns in 1.5 year. Venture Catalysts (Vcats) exited its investment in Koovers post… Read More ›
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Rapido Intends To Rope In 200 Women Drivers Over Next Three Months
Advertisements Bike and auto-rickshaw aggregator Rapido said on Friday that it intend to bring on board 200 women drivers over the next three months. This initiative would enable women to earn between Rs 800 and Rs 1,000 per day, translating… Read More ›
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ONDC Introduces Corporate Gift Card Ahead Of Festive Month
Advertisements Government-backed ecommerce platform Open Network for Digital Commerce (ONDC) has introduced the ‘ONDC Network Gift Card.’ This feature will be useful for companies interested in corporate gifting and employee engagement. Currently, YES Bank and Omni Cards have launched it…. Read More ›
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Norway-based Abler Nordic, Others Invest $10 Mn In Agritech Startup Ergos
Advertisements Bengaluru-based agritech startup Ergos has raised USD 10 million from Norway-based financial inclusion fund, Abler Nordic through a mix of equity and debt in series B round. The process was also joined by other firms such as Aavishkaar Capital,… Read More ›
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Spark Studios: Firm Focus On Learning Experience
Advertisements By- Debadurllav Harichandan Bangalore-based Spark Studio, run by Co-founder and CEO Anushree Goenka, is an extracurricular edtech platform. It is one of the startups among Google India’s second cohort list of women-backed enterprises. The cohort is part of the… Read More ›
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Antler India Raises Rs 500 Cr For Its Maiden Fund: Report
Advertisements Pre-seed investor Antler India on Friday has closed Rs 500 crore of its maiden Rs 600 crore (USD 75 million) India-focussed fund, expecting to make the final close this quarter, according to media reports. The domestic fund has been… Read More ›
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Ola Financial Services Posts Net Profit In FY23: Report
Advertisements Ola Financial Services, the financial arm of Ola, achieved profitability in the fiscal year ending March 31, 2022. The company posted a standalone net profit of Rs 8.68 crore in FY22, a significant turnaround from its Rs 56.2 crore… Read More ›
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Former Cars24 CEO Kunal Mundra Partners With Grip For A New Venture
Advertisements Former Chief Exceutive Officer (CEO) at Cars24, Kunal Mundra has teamed up with lease financing platform, Grip Invest, to build a new venture ‘Electrifi Mobility’. According to a statement, the startup will specialise in B2B electric asset management and… Read More ›
