India’s leading digital ecosystem for consumers and merchants (1) Paytm today announced that its wholly-owned subsidiary Paytm Money has launched ‘Margin Pledge’ feature. The feature will allow users to pledge their existing stocks and ETFs in return for a collateral margin that can be used for trading in stocks, ETFs, futures, and options. Investors holding … Read more
NoBroker, a proptech business, said that it has raised $210 million in its Series E fundraising round, bringing its valuation to $1 billion and making it the newest member of the coveted unicorn club. General Atlantic, Tiger Global, and Moore Strategic Ventures led the fundraising round. NoBroker.com, India’s first proptech unicorn, said it will use … Read more
Recordent, a non-banking payment bureau fintech business, has raised $400,000 in angel finance from the Kantamaneni Family Office, IIM Calcutta Innovation Park, and other angel investors from India and the United States. Recordent works closely with more than 50 SME industry associations and wants to continue forming significant collaborations in order to offer value to … Read more
Shiv Nadar University, Delhi-NCR, today announced Dr. Ananya Mukherjee as its next Vice-Chancellor to lead the University’s growth in the future. Dr. Mukherjee is currently Provost and Vice-President Academic at the University of British Columbia (UBC) Okanagan, Canada. She assumes her role at Shiv Nadar University, Delhi-NCR, on 31 January 2022. She will be the University’s third Vice-Chancellor, taking the … Read more
Rejove Clinique, a trusted name in the healthcare sector with deep understanding and expertise in dental, skin and hair treatments announced today that it has raised USD 1 million, first-round of funding from a Singapore based VC. Rejové also unveiled its state-of-the-art skin, hair and dental aesthetic Clinique equipped with latest global technologies and solutions. … 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
Unacademy, India’s largest learning platform, today announced the acquisition of Swiflearn, an EdTech platform that provides live face-to-face online tuitions for CBSE & ICSE students of grades 1 to 10. The acquisition is in-line with Unacademy’s plans to strengthen its position in the K-12 category and optimise its product offerings in the space. Founded in 2019 by Abhinav … Read more
Binance is one of the largest and most popular cryptocurrency exchanges, with a presence in over 180 countries and over 15 million registered users worldwide. Almost 100% of people who have cryptocurrencies know Binance for its reputation, a quick exchange of coins, and profit percentage. Why don’t you start an exchange like Binance? It’s an … Read more
SatSure, a Bengaluru-based spacetech firm that builds decision insights for the banking and insurance industries using data from satellites, has acquired an unknown amount of equity capital backed by Baring Private Equity India. SatSure is a decision intelligence firm that focuses at the intersection of space technology, artificial intelligence, and sustainability, founded in 2017 by … 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
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
In addition to a previous interim round with current investors Sequoia Capital and Ribbit Capital, Fi, a neo-bank for working professionals, has secured $50 million at a valuation of $315 million from B Capital Group, Falcon Edge, and others. Fi’s worth has increased sevenfold from their Series A financing in 2020, when it was valued … Read more
FAO Ventures and CA Holding LLP launched a $1 million fundraising round for The Hosteller, one of India’s fastest growing backpacker hostel networks. The Hosteller, founded in 2014 by Pranav Dangi, is a one-of-a-kind chain of backpacker hostels and an ideal pit-stop for both international and domestic travellers. The Hosteller offers experiential yet affordable and … Read more
Unity Small Finance Bank Limited (Unity Bank), has commenced operations. Having complied with all requisite regulatory approvals, the Bank has begun operations in record time, with a quick turnaround from the RBI’s approval received on October 12, 2021. Unity Bank is founded by Centrum Financial Services Limited (Centrum), the established and profitable small business lending arm … 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
KukuFM, a regional language podcasting network, is in early talks to fund its Series B round, according to two people familiar with the situation. According to one of the two sources, the future round could be worth anywhere between $15 million and $20 million, with existing investors such as India Quotient and Vertex Ventures expected … Read more
Reliance Industries on Friday announced that the smartphone its Jio telecom arm and Google co-created will be available in stores from Diwali for as low as Rs 1,999. While the upfront cost of the JioPhone Next, which comes with a 13 MP rear and 8 MP front camera, 2 GB RAM, 32 GB internal storage … 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
SHAREit Group, a global technology company, today announced that its file sharing, content streaming and gaming app SHAREit, has been recognised amongst the Top 10 fastest growing apps globally due to a high volume of downloads during Q3 2021. The rankings of the Top Breakout Apps in Q3 are provided by App Annie, which is … Read more
