Entreprenuer News Network Bureau 
Metro Brands Ltd, a footwear retailer backed by ace investor Rakesh Jhunjhunwala, announced on Thursday that it has raised a little over Rs 410 crore from anchor investors ahead of its IPO on Friday. According to a BSE circular, the company has allotted 82.05 lakh equity shares to anchor investors at Rs 500 each, bringing … Read more
The Reserve Bank of India (RBI) has approved Paytm Payments Bank to operate as a scheduled payments bank, the company announced on Thursday, allowing it to extend its financial services operations. Paytm Payments, as a scheduled payments bank, can participate in government and company RFPs, main auctions, fixed-rate and variable-rate repos, and reverse repos, as … Read more
Shiprocket, a logistics start-up, has signed definitive agreements to raise USD 185 million (INR 1,380 crore) in a Series E fundraising round led by Zomato Ltd, Temasek, and Lightrock India. On this transaction, Avendus Capital served as Shiprocket’s only financial advisor. The newly raised funds will aid the company in furthering its aim to democratise … Read more
Palm NFT Studio, a cryptocurrency startup, announced on Thursday that it has raised $27 million in an early-stage fundraising round headed by Microsoft Corp’s venture fund M12, with participation from Griffin Gaming Partners. Palm NFT, a company co-founded by Joseph Lubin, assists artists in establishing NFT marketplaces. Lubin was also a co-founder of ethereum, the … Read more
Disprz, a leading enterprise skilling startup, today announced it has brought on Anil Kapur as Chief Commercial Officer. In this role, Anil will be responsible for driving growth and expansion in the Middle East and the Asia Pacific by partnering with corporations, training companies, digital HR companies, Government, and other institutions that focus on developing … Read more
CoinDCX, India’s first crypto unicorn and safest crypto exchange, has appointed Anjali Kakkar as Vice President of Corporate Communications, increasing the company’s public outreach and advocacy activities as it continues to grow in India. Anjali was previously the Vice President of Communications at HSBC’s Global Finance Centre, and in her new role, she will be … Read more
3one4 Capital, Saison Capital, Eximius Ventures, First Cheque, and Speciale Invest have all invested $1.5 million in fintech platform Fego.ai. The money will be used to strengthen and expand the startup’s developer services, as well as to grow its team and accelerate the debut of its products to the general market. Fego, which is set … Read more
Samosa Party, a snack-focused cloud kitchen platform supported by angel investment platform Inflection Point Ventures, has received $2 million (Rs 15 crore) in its pre-Series A funding round. Samosa Party, founded by Amit Nanwani and Diksha Pande in 2017, delivers a variety of samosas and tea to customers’ doorsteps. The company now has 15 locations … Read more
CloudSEK, a digital risk management and cybersecurity platform provider based on artificial intelligence (AI), raised $7 million (Rs 50 crores) in a Series A financing headed by MassMutual Ventures on Wednesday. The current round brings the platform’s total funding to $10 million. CloudSEK, founded in 2015 by Rahul Sasi, uses artificial intelligence to forecast cyber-attacks … Read more
Exponent Energy, a technology firm focused on making energy for electric cars (EVs) easier to understand, revealed on Wednesday that it had raised $5 million in a pre-Series A round of funding. YourNest VC, an existing investor, led the round. The funds raised will be used to start commercial operations and scale them across multiple … Read more
Discovery, Inc., the world’s leading provider of live entertainment, announced today that it has acquired the assets, technology, and intellectual property of ZEDO, an advertising technology firm with offices in the United States and India. The acquisition will bring ZEDO’s technology in-house, allowing Discovery’s ad solutions to innovate more quickly. This acquisition adds significant ad … Read more
Rakesh Dhanda has been named Chief Information Officer of Rossari Biotech Limited, a Speciality Chemicals company that provides innovative and sustainable solutions for customers across sectors. Rakesh will be in charge of the Rossari group’s transformation to a digital-first business, bringing with him 20 years of experience in IT Operations and Digital Transformation. He would … Read more
Rajat Bansal, the former head of engineering at Amazon Lockers, has joined Games24x7, one of India’s leading online gaming companies, as Chief Technology Officer. Rajat, who joins the company’s leadership team as a crucial addition, will be in charge of defining and implementing the company’s technology vision, as well as ensuring that technological resources are … Read more
Sudhir Bhargava, an excellent financial strategist with approximately 30 years of experience in the internet, education, management advising, and services industries, has been named Chief Financial Officer of CollegeDekho, India’s largest higher education ecosystem. Sudhir will supervise fundraises and stakeholder management in his new capacity, as well as oversee and negotiate potential mergers and acquisitions. … Read more
Cashfree Payments (Cashfree), a leading payments and API banking solutions firm, today announced its relationship with SonyLIV as the payments partner for the first season of “Shark Tank India.” Shark Tank is a 20-year-old international television show that has resurrected start-ups in 40 nations and is regarded as the world’s most popular business reality show. … Read more
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV (BSV) blockchain, today announces that it has appointed two new Bitcoin Association Ambassadors as part of its global ambassador programme, with Kumaraguru Ramanujam and Rohan Sharan both appointed as Bitcoin Association Ambassadors for India. Bitcoin Association Ambassadors are experienced … Read more
