Posted in Business
Trucking Aggregator LetsTransport and Bertelsmann Partner for 13.5 Mn Dollars Investment
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Posted in Finance
Jar Eyes Expansion into P2P Lending, Initiates Product Testing for Specific Users
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Posted in Fintech
Altitude Club Redefines Investment Landscape with ‘Mutual Fund for Alternative Assets
Three points you will get to know in this article: Increasing numbers of Indians are exploring alternative financial instruments that promise higher returns on their investments. In the recent month, India witnessed a remarkable surge in new Demat account registrations, setting a record at 42 lakh, with the overall count reaching 13.93 crore. Altitude Club, headquartered in Gurugram, is on…
Posted in Education
Byju’s Plans to Raise $200 Million Through Right Issue
Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…
Posted in Fintech
InCred Attains Unicorn Status with $60 Mn Fundin
Three points you will get to know in this article: In a significant milestone, InCred, a leading fintech company, has achieved unicorn status, marking a momentous occasion for the firm. The accomplishment comes on the heels of a successful Series D funding round, where InCred secured an impressive $60 million from both new and existing investors. Notably, it follows in…
Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion
Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…
Posted in Ecommerce
ONDC Ventures into Skill-Based Services
Three points you will get to know in this article: The Open Network for Digital Commerce (ONDC) is gearing up to venture into the realm of skill-based services, broadening its current range of offerings beyond food, grocery delivery, and mobility services. Now, in addition to these, ONDC is set to delve into sectors such as appliance repair and teaching assistance.This…
Posted in AutomobileBusiness
Artha and Rockstud Exit Uber-Backed Everest Fleet with Over 18x Returns
Three points you will get to know in this article: Everest Fleet, a startup in the fleet management domain backed by Uber, recently witnessed the departure of two investors, Artha Venture Fund and Rockstud Capital. This development unfolded just days after successfully securing funding from Uber and Paragon Ventures. In the aftermath of this transition, Rockstud Capital proudly declared an…
Posted in BusinessTechnology
Flipkart Ventures Supports 5 Early-Stage Startups Through Its Accelerator Programme
Three points you will get to know in this article: Flipkart’s investment arm, Flipkart Ventures, is actively supporting the growth of five promising startups through its innovative accelerator program, Flipkart Leap Ahead (FLA). Now in its second year of fostering startup success, Flipkart has handpicked Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle for their remarkable potential to drive technological advancements across…