Entreprenuer News Network Bureau 
India’s largest consumer lending platform for young professionals – EarlySalary has disbursed 2.5 million loans worth Rs. 5,000 crores since its inception. The company was launched in 2015 and has grown 300% since last year. The segment of young professionals is one of the fastest-growing segments in the economy. With less than 5% of the … Read more
Leverage, the study abroad platform that owns LeverageEdu.com, UniValley.com, and UniConnect, among other sites, announced its move into financial services today. The company will offer three services as part of this: overseas remittances, education loans, and international bank accounts. Rachit Juneja, who formerly worked with Constellation Blu (a Blue Ventures partner firm) and KPMG’s Financial … Read more
Indian born Engineer Vaibhav Ghadiok has architected the first autonomous traffic management platform in the world. This young 36-year-old is a pioneer in the field of robotics with multiple inventions and patents to his name. He is the Executive VP of Engineering at Hayden AI (Silicon Valley, USA), where he is using his expertise in … Read more
Zluri, a SaaS management platform, announced a $10 million Series A round of fundraising on Monday, led by MassMutual Ventures and including current investors Endiya Partners and Kalaari Capital. Zluri’s comprehensive SaaS Management platform for IT teams helps companies Discover, Manage and Optimize, Secure and Automate SaaS applications from a single dashboard. Zluri puts the IT … Read more
The ePlane Company, a Chennai-based electric aircraft startup, has raised $5 million in a Pre-Series A round of funding led by Speciale Invest and Micelio, with the goal of making intra-city transportation more affordable and environmentally beneficial. Professor Satya Chakravarthy and Pranjal Mehta nurtured the ePlane Company, which was created in 2017 and has already … Read more
Power Gummies, a nutraceutical company, has raised $6 million in Series A funding headed by 9Unicorns, with Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family Office), and NB Ventures also participating. The firm, situated in New Delhi, was founded in November 2018 with the sole purpose of providing health and wellness solutions to … Read more
Hyderabad-based BikeWo, one of the fastest-growing EV two-wheeler smart hub networks in India, has announced a partnership with celebrated legendary Tollywood actor Venkatesh Daggubati. As a part of the collaboration, Venkatesh Daggubati has now become a strategic investor in the company with an undisclosed amount of investment, and has also been appointed as BikeWo’s lead … Read more
Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline & online expansion and will also enhance the national presence of the brand in retail chains. The fresh fund will also be … Read more
upGrad, Asia’s leading higher education technology company, announced the hiring of Mr. Vikram Vyas as Vice President – Growth, International Sales for the APAC and EMEA markets. The move is part of upGrad’s plan to expand its activities in the worldwide higher education industry. Vikram’s new responsibility will include growing the company’s global presence and … Read more
Cion Digital, the creators of the world’s first corporate SaaS blockchain orchestration platform, announced today that it has raised $12 million in seed funding. The funds will be used to increase R&D resources and accelerate the rollout of crypto financing and payment solutions for Financial Services companies (Lenders, RIA’s, Banks, and Neobanks) and Big Ticket … Read more
ReNew Power has secured USD 400 million from international debt investors, making it the country’s second bond issue after Reliance Industries’ USD 4 billion issuance. Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc, which is the parent of the operating firm ReNew Power, raised the funds, according to the renewable energy firm. … Read more
Lulu Group, a retail conglomerate based in the United Arab Emirates, announced on Thursday that it will invest $200 million in Jammu and Kashmir to build a food processing and logistics hub. In this regard, the Lulu group inked a memorandum of understanding (MoU) with the Jammu and Kashmir government, according to a statement from … Read more
KredX, India’s largest integrated financial services provider today announced that it has completed a major rebranding to reflect its vision of becoming a one-stop solution for supply chain financing for businesses. As a part of this rebranding, the company unveiled a new logo and a revamped website. Founded in 2015, KredX began its operations with … Read more
Polytrade Finance, a decentralised finance (DeFi) lending platform that uses crypto liquidity to provide operating cash to SMEs in the real world, announced its debut on cryptocurrency exchange CoinDCX on Thursday. “$TRADE’s listing on CoinDCX will provide another way for CoinDCX’s 75 lakh-plus Indian users to access trade tokens,” the decentralised financial platform said in … Read more
FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more
Syntegra, a leader in synthetic healthcare data generation, today announced it has closed its seed financing, bringing in a total of $5.625 million. Syntegra’s investors include Sweat Equity Ventures, Hike Ventures, Innovation Global Capital, Wisconn Valley Ventures, Village Global, Impact Venture Capital, GRIDS Capital, Berkeley Catalyst Fund, Launchpad Capital, Vastly Valuable Ventures and First Spark … Read more
MoneyGram International, Inc. announced that the Company has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round and provides MoneyGram with a direct ownership position in one of the … Read more
Cheems Inu coin is soon launching their MemeTools and a metaverse game in the coming month(s). Cheems Inu, the king of meme coins, can be considered a meme no longer. The cryptocurrency launched last month on the Binance Smart Chain as just another dog-based coin, but since then the development team has worked hard to … Read more
Rupifi, a Bengaluru-based micro, small, and medium-sized business (MSMEs) finance platform, has raised $25 million in a Series A round led by Bessemer Venture Partners and Tiger Global Management. Rupifi was founded by Anubhav Jain, Ankit Singh, and Jawaid Iqbal in 2020, and this is the company’s second financing round in less than nine months, … Read more
Zuddl, a virtual and hybrid events platform based in San Francisco, has raised $13.35 million in a Series A investment headed by Alpha Wave Incubation (AWI) and Qualcomm Ventures. Returning investors GrowX and Waveform Ventures also participated in the round. Zuddle, founded by Bharath Varma and Vedha Sayyaparaju in May 2020, helps businesses create immersive … Read more
