Entreprenuer News Network Bureau 
BankBazaar has emerged as the highest-funded startup in April, securing $9.6 million in investments. The fintech sector in India attracted $29 million in April, bringing the total investments in CY2024 to $203 million, according to data compiled by BFSI consulting firm The Digital Fifth. A significant portion of this funding was directed towards companies specializing … Read more
Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”), part of the Mahindra Group and one of India’s leading Non-Banking Finance Companies, has announced the acquisition of a Certificate of Registration from the Insurance Regulatory and Development Authority of India (IRDAI). This Corporate Agency License allows Mahindra Finance to act as a ‘Corporate Agent (Composite)’ under … Read more
ProsParity, a fintech platform that is reimagining the distribution of credit in the electric mobility sector, has raised $2 million pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (Co-founder of Junglee & Helion Ventures), Raj Dugar (Ex-Eight Roads … Read more
Acer has launched its first Copilot+ PC, the Swift 14 AI, marking a significant advancement in AI technology for laptops. This launch, in collaboration with Microsoft and Qualcomm Technologies, Inc., introduces a range of new AI capabilities and experiences, designed to enhance productivity and mobility. A New Era of AI-Enhanced Computing Powered by Snapdragon® X … Read more
International asset management companies Incofin and Maj Invest collectively invest USD 13 million in India’s leading rural financial services conglomerate, SAVE Group. The funding comes from Incofin India Progress Fund and Maj Invest Financial Inclusion Fund III K/s. Established in 2009, SAVE has emerged as a trailblazer in India’s Banking Business Correspondent (BC) Network, serving … Read more
Zeronsec, a leading provider of advanced cybersecurity solutions, is proud to announce its strategic partnership with Web Werks Data Centers, a leading data center service provider in India. This collaboration marks a significant milestone in enhancing the security infrastructure and operational efficiency for businesses relying on Web Werks’ extensive network of data centers. Under this … Read more
Dharampal Satyapal Foods Ltd. (DSFL), the confectionery arm of DS Group, has achieved a significant milestone by surpassing INR 1,000 crores in annual sales turnover for FY 2023-24. DS Group is the second-largest confectionery player in the non-chocolate category and one of the largest and fastest-growing Indian confectionery companies. It holds a leadership position in … Read more
Moneyboxx Finance, an impact lender specializing in small business loans for micro-entrepreneurs, reported a significant turnaround in profitability for FY24. The company achieved a net profit of INR 9.14 crore, a stark contrast to the net loss of INR 6.80 crore in FY23. Moneyboxx experienced a remarkable 112% growth in Assets Under Management (AUM), reaching … Read more
Caret Capital announced the launch of Caret360 Accelerator – a 100-day Outcome-Focused program for Early-Stage Startups. Selected startups will get up to Rs. 3 crore investment as well as deep-engaged mentoring from industry leaders. Additionally, the startups get assisted access to Caret’s community of CXOs from some of the country’s largest corporations. Commenting on the development, Prajakt Raut, … Read more
Ant Cloud, a revolutionary cloud gaming and PC service, launched today in India. This innovative platform allows users to play any AAA game on any device, at any time. But Ant Cloud isn’t just limited to gaming – with its PC Mode, users can seamlessly perform productivity tasks using a fully-featured Windows gaming PC on … Read more
Sprect, a C2C consulting marketplace, has announced the successful raising of INR 50 lakhs in Angel funding from seasoned industry veteran Siddarth (Sid) Shetty, Chief Business Development Officer at ServiceChannel. This funding will be used to accelerate product development, expand the team, drive marketing efforts, and boost sales. Founded by Mohit Khadaria and Vishal Rupani … Read more
Kinara Capital, a leading fintech driving MSME financial inclusion in India, has announced its financial year 2024 results, marking the organization’s ninth consecutive year of profitability. Closing the fiscal year with a profit after tax (PAT) of INR 62 crores, a remarkable 51% year-over-year (YoY) increase, highlights the success of Kinara’s unique business model, blending … Read more
Innovations Venture Studio, a premier investment firm focused on early-stage technology investments, today announced a significant investment in NewsReach, India’s groundbreaking PR distribution platform. The investment will be part of the on-going round led by Zee Media. The capital infusion will allow NewsReach to rapidly scale its proprietary technology, expand its market footprint, and solidify … Read more
Lectrix EV, a prominent player in the electric vehicle (EV) industry, has entered into a strategic partnership with FuturElectra, an innovative force in the electric mobility sector. This collaboration marks a significant milestone in the quest for a sustainable and accessible future for mobility in India. FuturElectra is dedicated to transforming the electric mobility landscape, … Read more
Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, has announced the appointment of Pallavi Tyagi as its Chief Marketing Officer. Over the past several months, Ecom Express has been actively expanding its leadership team to include diverse industry experts and veterans in various key areas such as product development, growth, financial controls, and operations. … Read more
Nayara Energy, a leading downstream Energy company of international scale, has announced a strategic investment of INR 600 crores setting up Ethanol plants taking a significant step towards integration within the energy sector. These plants would play a pivotal role in bolstering the company’s reliability in ethanol supplies and would be crucial for Nayara to … Read more
