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
Digiboxx a startup offering cloud storage as a service has raised further financing, bringing its total pre-series A funding to $15 million. CapGro Private Ltd led the investment round. The funds will be invested in product development, expanding into new markets, scaling operations, expanding the company’s personnel, and enhancing its technology platform. Digiboxx, a digital … Read more
The ‘Textile Week’ kicked off yesterday at the India Pavilion in EXPO2020 with the country looking at a fresh investment of INR 19,000 crore (USD 2.5 Bn) in the sector, which would be key to a ‘Self-reliant India’ and becoming a preferred global sourcing partner in textiles. The textile industry will showcase India’s rich cultural … Read more
On the last day of subscription on Monday, FSN E-Commerce Ventures Ltd’s maiden share-sale, which runs the online marketplace for beauty and wellness items Nykaa, was subscribed 81.78 times, owing to strong demand from institutional investors. According to NSE data, the Rs 5,352 crore IPO attracted bids for 2,16,59,47,080 shares against the 2,64,85,479 shares on … Read more
According to papers with the Securities and Exchange Board of India (SEBI), logistics unicorn Delhivery has filed for an initial public offering (IPO) to generate up to Rs 7,400 crore. Delhivery is the latest Indian startup to go public, capitalising on investor interest in technology-driven firms. Founded in 2011, Delhivery has established itself as the … Read more
Mr. Kunal Kumar, Joint Secretary and Mission Director (Smart Cities Mission), Ministry of Housing and Urban Affairs, Government of India, today said that India needs around USD 700 billion of investment from 2021 to 2031 to boost its urban infrastructure services like Urban Mobility, Affordable Housing, Water Security, Clean India Missio and Smart Cities Mission. Mr. … Read more
