Entreprenuer News Network Bureau 
Swiggy, a Bengaluru-based foodtech startup, has announced that it will invest $700 million in its Instamart quick grocery delivery service. Instamart, which began operations in Gurugram and Bengaluru in August 2020, now operates in 18 cities and processes over 1 million orders per week. Swiggy Instamart has added more than one seller-run dark store every … Read more
PayGlocal, a fintech platform, has raised $4.9 million in a Series A fundraising round headed by Sequoia Capital India, with BeeNext, Jitendra Gupta, and Amrish Rau participating. The cash will be used to develop the merchant and partner ecosystem, scale up the product, and hire more people. Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande founded … Read more
MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced its partnership with urpay to enable cross-border money transfers. urpay is a digital wallet powered by neoleap, the Saudi-based financial global digital solutions company with a mission to create the most powerful yet simple fintech solutions. The partnership enables urpay … Read more
Leading crypto payments infrastructure provider, Moonpay just closed a $555 million Series A financing to rapidly accelerate its global footprint, invest in its world-class team, and underwrite an expanding number of innovations in the crypto economy. The funding, which has sent the crypto start-ups’ valuation to $3.4 billion marks yet another massive funding in the … Read more
Award-winning education funding startup, Stride Funding, announced the closing of a $12 million Series A financing round led by Firework Ventures, co-founded by Brigette Lau and Ashley Bittner. Other investors include impact investors such as Juvo Ventures and Graham Holdings — alongside previous investors GSV Ventures, Slow Ventures, and Sinai Ventures. Several industry and academic … Read more
Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), specialising in providing income–generating micro business loans in tier 3-5 regions, recently enhanced its branch network by opening 71 New branches. Out of these, 20 New branches were opened in Eastern UP; 21 in Bihar; 13 in Jharkhand; 11 in Madhya Pradesh and … Read more
Immensitas Private Limited has raised $2.3M in a Pre-Series A1 round co-led by growx ventures, Artha Venture Fund (AVF), and DSP Investment Managers Pvt. Ltd. The round also saw participation from LogX Ventures and Atrium Angels, the ISB alumni sponsored micro VC fund. In July, the company had raised a round from AVF and LogX. … Read more
NDTV Convergence’s position as India’s leading platform for online news stands reaffirmed with a very substantial 10-year deal with Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover content they may like. The decade-long deal is based on mutually-determined projections, including growth in traffic, and cumulatively can enable revenue of Rs. 750 … Read more
Cryptocurrencies seem to be the flavour of the season as increasingly more people around the world are embracing them; sometimes even abandoning their traditional avenues like Equity, Gold, etc. Though the concept of crypto (as they are informally called) investment seems novel, the first cryptocurrency came into the market more than a decade back. The … Read more
Infosys, a global leader in next-generation digital services and consulting, today announced that its flagship global internship program, InStep, was ranked as the ‘Best Overall Internship Program’ in the 2021 Vault Internship Rankings. The rankings published by Vault.com—a career intelligence organization, distinguished Infosys as the only global organization to have received this ranking four times … Read more
CollegeDekho, India’s largest college admissions and higher education services platform, closes its Series B funding with Disrupt ADQ and QIC coming on board recently. The USD 35 million (~INR 260 crore) round has been led by Winter Capital, ETS Strategic Capital – the private equity investments arm of ETS (creator of the TOEFL® tests and … Read more
Simpl, a cardless payment network with embedded 1-Tap Checkout, Buy Now Pay Later and Buyer Protection, has raised a $40M Series B round led by Valar Ventures & IA Ventures with participation from LFH Ventures and other internal investors. This investment brings the total capital raised by the company to $83M. With Simpl, online merchants … Read more
Simplilearn, the world’s #1 Online Bootcamp for digital economy skills training, today announced its first-ever Employee Stock Option Plan (ESOP) buyback worth Rs. 48.74 crore. This event is the first time ESOPs have been bought back by the company. The buyback was undertaken as part of the recent investment by Blackstone earlier this year. The … Read more
With the aim to transform the customer service experience of the businesses, Bangalore, Mumbai and US based software company, Wolken Software today announced the launch of its self-service SaaS customer service solution – Wolken Care. Designed for small and medium businesses, Wolken Care is self-serviceable, can be set-up with a single click and enables businesses to provide superior … Read more
According to media sources, Cars24, an online marketplace for selling used automobiles, is in advanced talks to raise a $250-300 million fundraising round led by its existing backer Falcon Edge. Vikram Chopra, Mehul Agrawal, Ruchit Agarwal, and Gajendra Jangid founded Cars24 in 2015, and it became a unicorn last year after a $200 million fundraising … Read more
Ten Indian start-ups showcased their innovations to global investors from the UAE and around the world at the third session of the ‘Elevate’ pitching series held on Sunday in Dubai. Gracing the occasion was Dr. Aman Puri, Consul General of India in Dubai, and Mr. Duncan Mulima, Consul General of Zambia in Dubai. The Indian … Read more
MetaMundo, the 3D NFT marketplace for building the metaverse, announced today it has raised $2.7 million in seed funding. The round was led by Animoca Brands, a global figurehead in gamification and blockchain, with participation from Hypersphere Ventures, Digital Currency Group (DCG), OP Crypto, Metacartel Ventures, Marshland Capital, Own.fund, Polygon Studios, Ascensive Assets, Sfermion, D1 … Read more
In the current environment, there is a need to drive digitised trade for Corporate customers to reduce processing turnaround time and drive businesses efficiently. In light of the latent need, DBS India has introduced a paperless proposition for the financing of domestic invoices by buyers and sellers. The bank now digitally validates the e-Way Bill … Read more
Mogi IO, a B2B Media-Tech SaaS start-up that leverages Artificial intelligence (AI) in building cutting-edge IPs has partnered with Lemma to offer Ad-based revenues on Mogi’s white-label OTT solution to its clients, thereby offering all possible monetisation opportunities to Mogi’s clients. Mogi’s white-label OTT/video app solution is creating disruption in the content industry by offering … Read more
Premagic, a workflow management platform for photographers, has received a pre-seed fundraising round of INR 2 crore from 300 venture capitalists and angel investors. Premagic, a B2B SAAS product for event photography founded in 2018 by Anup Mohan, Anenth Vishnu, and Mevin Chirayath, helps photographers streamline their workflow and substantially improve the efficacy of client … Read more
