Advertisements The Indian logistics startup Xpressbees has joined the Open Network for Digital Commerce (ONDC) to expand its delivery services. With this partnership, Xpressbees will be able to offer delivery services to more than 20,000 pin codes in over 2,800… Read More ›
Funding
Caspian Debt Aims To Allocate Over Rs 750 Cr In FY24: CEO Avishek Gupta
Advertisements In an interview with BW Businessworld, Avishek Gupta, MD and CEO at Caspian Debt, talks about the challenges startups face while raising funds in the initial stage and how debt financing could be an alternative. Here is an excerpt… Read More ›
Swiggy, Zomato Receive GST Demand Notice Worth Rs 1000 Cr
Advertisements Swiggy and Zomato, two online food delivery giants, have reportedly received a demand notice for non-payment of GST on the delivery fee collected worth Rs 1000 crore from consumers. Authorities from the Directorate General of Goods and Services Tax… Read More ›
Omidyar Leads $13 Mn Funding Round In Fintech Startup Kiwi
Advertisements Kiwi, an Indian fintech startup, has raised USD 13 million in a funding round led by Omidyar Network India. Existing investors Nexus Venture Partners and Stellaris Venture Partners also participated. Kiwi aims to expand its credit cards on UPI… Read More ›
EV Startup Baaz Bikes Bags $8 Mn From BIG Capital, Other
Advertisements Electric vehicle startup Baaz Bikes has raised USD 8 million in a funding round led by BIG Capital of Singapore. Rakuten Capital, the venture capital arm of Japan-based Rakuten Group and existing investors Kalaari Capital, 9Unicorns and Sumant Sinha… Read More ›
VCWorld Weekly Roundup
Advertisements Following two weeks of strong funding growth, the startup ecosystem experienced a significant decline in the third week of November. Between 13 to 18 November, startups collectively raised USD 44 million across 10 deals, marking a 72 per cent… Read More ›
Ola Electric Converts To Public Limited Company, Prepares For IPO
Advertisements The electric vehicle manufacturing arm of mobility company, Ola Electric, has converted itself from a private company to a publicly listed entity in preparation for a public listing. The EV manufacturer was founded in 2017 and has changed its… Read More ›
Tata Technologies Sets IPO Price Brand At Rs 475-500
Advertisements Tata Technologies, has set the price range for its initial public offering (IPO). The price band for the IPO is set at Rs 475-500 per share and it aims to raise Rs 3,042 crore. The IPO will be open… Read More ›
Bengaluru-based Inito Bags $6 Mn In Series A Round
Advertisements Inito, a Bengaluru-based medical technology startup, has bagged USD 6 million in Series A funding round led by Fireside Ventures. Inito was launched in 2015 to build tools for individuals to actively manage and understand their health at home…. Read More ›
Softbank Sells 1.8 Cr Delhivery Shares, Stocks Drop By About 4%: Report
Advertisements Shares of Delhivery, a logistics service provider, recorded a drop of about 3.75 per cent, reaching a low of Rs 398.80 on Friday morning. This decline followed the sale of 1.8 crore shares in significant block deals. Softbank, a… Read More ›