Altitude Club logo
Posted in Fintech

Altitude Club Redefines Investment Landscape with ‘Mutual Fund for Alternative Assets

by SA TeamPosted on

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…

Byju's logo
Posted in Education

Byju’s Plans to Raise $200 Million Through Right Issue

by SA TeamPosted on

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…

incred-logo
Posted in Fintech

InCred Attains Unicorn Status with $60 Mn Fundin

by SA TeamPosted on

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 logo
Posted in BusinessEcommerce

Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion

by SA TeamPosted on

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,…

Artha Exits
Posted in AutomobileBusiness

Artha and Rockstud Exit Uber-Backed Everest Fleet with Over 18x Returns

by SA TeamPosted on

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…

Flipkart BigBillionDays
Posted in BusinessTechnology

Flipkart Ventures Supports 5 Early-Stage Startups Through Its Accelerator Programme

by SA TeamPosted on

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…

Vertex
Posted in Business

Vertex Raises $541 Million to Support Early Stage Indian & SEA Startups

by SA TeamPosted on

Three points you will get to know in this article: Vertex Ventures Southeast Asia and India, a prominent early-stage venture capital (VC) firm, has successfully secured an impressive $541 million for its fifth fund, known as the VVSEAI Fund V. This achievement surpasses their initial target of $450 million for this fund, marking an 80% increase compared to their fourth…

Expertrons
Posted in BusinessTechnology

Expertrons: Skilled Tech Startup Secures Investment from Hindustan Media Ventures Ltd.

by SA TeamPosted on

Three points you will get to know in this article: Expertrons, a skilled technology startup, secured investment from Hindustan Media Ventures Limited (HMVL). It’s worth mentioning that HMVL is also the proprietor of a significant contender in the employment arena, Shine.com. Other notable participants in the funding round included Echjay Family Office, Amar Ujala, along with continuing supporters like Ivycap…

SoftBank
Posted in BusinessTechnology

SoftBank Group Reports Another Quarter of Deficits

by SA TeamPosted on

Three points you will get to know in this article: Japan’s SoftBank Group surprised markets with a loss this time, but there’s a silver lining – the company is wading back into new investments. Their Vision Fund unit has finally turned profitable after six quarters in the red. During the April-June period, the Vision Fund unit saw a substantial investment…

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