News

Delhivery raises Rs 2,347 crore from 64 anchor investors ahead of IPO 23/05/2022

Logistic and supply chain startup Delhivery has raised Rs 2,347 crore from 64 anchor investors ahead of its initial public offering (IPO), which will open for subscription on Wednesday, May…

Vivriti Capital raises additional $30 mn from TVS Capital 23/05/2022

Non-bank lender Vivriti Capital Pvt. Ltd has raised an additional $30 million (around ?228 crore) from TVS Shriram Growth Fund 3 as part of its Series C round. The Chennai-based…

Razorpay offers to buy back up to $75 mn worth of Esops 23/05/2022

Tiger Global-backed Razorpay Inc., a provider of online payment and lending services to businesses, has offered to buy back stock options worth up to $75 million from 650 former and…

Flipkart's venture arm to invest in six startups 19/08/2022

Flipkart Ventures, the $100-million venture capital arm of the ecommerce company, said it will be investing in six startups under its accelerator programme - Flipkart Leap Ahead.   These startups…

Reliance-backed Dunzo is shifting gears as quick commerce hype settles 19/08/2022

Reliance NSE -1.78 % Retail-backed quick commerce platform Dunzo is shifting gears on its growth momentum after a hyperactive first half of the year in which it scaled operations of its…

Government promotes Delhi startup's anti-pollution helmet 29/08/2022

Delhi-based Shellios Technolabs has raised thousands of dollars from state agencies, and is in the midst of creating a new version of their 2019 motorcycle helmet that reduces the effects…

Financial infrastructure startup M2P bets big on lending, launches core lending stack 16/09/2022

Following an acquisition spree beginning earlier this year, Financial infrastructure provider M2P has launched its core lending stack as it bets big on providing lending application programming interface (API) infrastructure…

Tech startup Sigmoid raises $12M from Sequoia Capital India 16/09/2022

Sigmoid, a tech startup focused on data engineering, has raised $12 million in a Series B round from Sequoia Capital India—in a mix of primary and secondary funding. The startup plans to use this…

Coromandel International’s venture capital arm invests in Dhaksha 16/09/2022

Dare Ventures, the venture capital arm of Coromandel International Limited, has invested an undisclosed amount in the Chennai-based drone startup, Dhaksha Unmanned Systems Private Limited. The startup plans to use…

Need to take gender out of the VC investment evaluation matrix: Titan Capital 16/09/2022

About 20% of the businesses in the country are owned by women, says the Google Bain report, which approximates the absolute numbers between 13.5 -15.7 million enterprises. The numbers look…

Adani Group to Invest Rs 20,000 Crore in Ambuja Cement 17/09/2022

Through Endeavour Trade and Investment Ltd, the Adani group has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd, which involved the acquisition of Holcim’s stake in Ambuja…

Google-backed payments startup DotPe raises $54.4 million in funding led by Temasek 17/09/2022

Google-backed DotPe, founded by PayU India cofounder Shailaz Nag, is raising Rs 434.5 crore (or roughly $54.4 million) in funding led by Singapore’s sovereign fund Temasek.   DotPe provides small…