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
Slice, a Bengaluru-based financial firm, is the latest unicorn to join the club, with a five-fold increase in valuation to $1 billion in just six months. In a Series B round headed by New York-based investment companies Tiger Global and Insight Partners, the startup, which distributes credit cards targeted towards young professionals, raised $220 million. … Read more
Infomo Global Ltd. today announced a strategic merger with the Indian ad-tech platform – TorcAI to enable its alliance partners to offer an integrated ecosystem that addresses the emerging needs of large publishers, publisher consortiums, telecom carriers, agencies, and brands across the vast global marketplace. Most governments have introduced new laws to safeguard consumer privacy, … Read more
K&L Wellness, a healthtech firm, announced that it has raised Rs 30 crore in a seed round from Manjushree Ventures’ Vimal and Surendra Kedia, as well as Sohamm Group’s Narendra Firodia. In the field of integrative and lifestyle medicine, K&L was founded by serial entrepreneur Karan Talreja and holistic lifestyle coach Luke Coutinho to provide … Read more
Inzpira, an AI-powered, on-demand live language learning and soft-skills training platform for adults and children, said that it had raised Rs 2.3 crore in seed funding. Inzpira, which was founded in 2020, is changing the way people learn English and soft skills with its AI-enabled platform, which allows users to study at their own pace … Read more
ETMONEY, one of India’s fastest growing investments and wealth management platform, has crossed the milestone of 3 billion US dollars’ (INR 22,500 Crores) of total mutual fund investments being managed on the platform. The current value of investments made through ETMONEY has crossed $1Bn itself while another $2Bn of investments are being actively managed by … Read more
OncoCoin AG, a fully-owned subsidiary of Innoplexus AG which is a leading international Artificial Intelligence (AI) and Blockchain-based Drug Discovery and Development company with 43 patents and more than 116+ patent applications, is going to launch ‘AMRIT’, one of the leading, decentralized and GDPR compliant Real World Data (RWD) exchange to fuel AI for patient’s … Read more
Advantage Club, a Gurugram-based HR Tech firm, said that it has raised approximately $5 million in a Pre-Series A round from Y Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, Kunal Shah, and others. The company was founded in 2014, has revealed that it plans to increase its employment from 70 to 170 people. The recruiting … Read more
The bitcoin market continues to gain traction. Coinbase, the US-based cryptocurrency exchange, announced on Tuesday that it has acquired Agara, an AI-powered support platform with operations in India and the United States. This is Coinbase’s first purchase in India, where the company has been hiring to expand. Abhimanyu Singh, Pankaj Gupta, and Arjun Maheswaran founded … Read more
Hardik Pandya, India’s leading all-rounder invests in Bidzapp, an online skill-based auction platform. Launched on 17th July 2021 by 100G Tech Ventures Private Limited, Bidzapp auctions brand new premium products online, at upto 80% lesser than MRP for most of its products. All auctioned products and services are sold and fulfilled by authorised dealers. Auctions … Read more
Ruptok, a fintech platform for gold loans, has raised Rs 16 crore from existing and new investors, including Manuvel Malabar Jewellers and industry veterans and HNIs Nivedan Sahay and Neeraj Aggarwala, in its pre-Series A fundraising round. According to the firm, over Rs 60 crore has been distributed to over 1,600 clients. Ruptok is a … 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
The National Bank for Agriculture and Rural Development’s (NABARD) Nabventures Fund has led a Rs 15 crore fundraising round for VilCart Solutions, a rural-economy centred digital platform. According to the announcement, VilCart is present in 20 districts in Karnataka and one district each in Tamil Nadu and Andhra Pradesh, with plans to extend across the … Read more
Home Credit India, a local arm of the international consumer finance provider with operations spanning across Europe and Asia and committed to driving financial inclusion in India, has partnered with Flexmoney, India’s leading full-lifecycle BNPL (Buy Now Pay Later) Digital Credit Network Platform provider to offer Instant Cardless EMI to Home Credit customers across Flexmoney’s … Read more
Prior to its IPO, PB Fintech, the holding company for PolicyBazaar and PaisaBazaar, received Rs 2569.73 crore from 155 anchor investors. The company claimed in a filing with the stock exchanges that the participants included both domestic and overseas investors, with shares distributed at a price of Rs 980 per share. PB Fintech’s initial public … Read more
