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News Briefings: Skillsoft opens in NYSE, Health Startups raises $1 mn, Droom crosses Rs 1000 cr GMV & More

Headlines: Power Gummies raises 1 million dollars from 9Unicorns, Droom crosses Rs. 1000 crores in GMV in March’21, Alteria Capital leads Rs 35 Crore debt round for Jumbotail. Now News in Brief: Jana Small Finance Bank Ltd has extended its Overdraft facility Against Fixed Deposit at a nominal interest rate to all its customers across India. The interest rate on this facility is 0.25 percentage points over and

How Autonomous Cars Will Change Our Lives

Autonomous cars are no longer the future - they are closer to becoming a reality than ever before, and when they do go mainstream, you can expect them to change our lives in a number of Surprising ways, including the following: Fewer car owners When autonomous cars become ubiquitous, there is likely to be a significant drop in the number of people who actually own a vehicle. Why? Because using your mobile

Jana Small Finance Bank offers an interest rate of 0.25% p.a. over the FD interest rate on Overdraft

To offer financial support to many affected by COVID-19, Jana Small Finance Bank Ltd has extended its Overdraft (OD) facility Against Fixed Deposit (FD) at a nominal interest rate to all its customers across India. The interest rate on this facility is 0.25 percentage points over and above the FD rate with a utilization of 50% or more. Under this facility, up to 90 percent of the FD value can be availed as OD. The

9Unicorns leads Power Gummies’ $1 million round funding

Nutraceutical startup Power Gummies has $1 million in its second bridge round funding led by 9Unicorns in participation with DSG and Pivot Ventures.  Founded in 2018, the nutraceutical startup had raised its first round of seed funding in 2019, led by venture capital firm Alfa Ventures. By early 2020, the brand had extended a pre-Series A round from DSG Consumer Partners. In mid-2020, the startup raised

Flexmoney raises $4.8 Mn in series A round

Flexmoney, India's First Full-Lifecycle Digital Credit Network Platform for Lenders and Merchants to offer frictionless, secure checkout finance, has raised US $4.8M in its Series A funding. The funding round was led by Pravega Ventures and saw participation from Silicon Valley-based Z5 Capital. Flexmoney, an India-based credit network platform for lenders and merchants has raised $4.8 million in series A round

Droom reports 80% growth in Q1 of 2021

Owing to the enormous demand for contactless buying in the automobile segment, Droom—India's largest online automobile marketplace has registered 80% growth Y/Y in Q1 of 2021. For the first time, Droom has crossed Rs. 1000 crores in monthly GMV in March'21. Witnessing one of its best quarters since the pandemic's onset, Droom's recent growth can be attributed to multiple factors including an accelerated shift of

Jumbotail secures Rs 35 crore Debt Round from Alteria Capital

Jumbotail, an India-based new retail platform and B2B marketplace for food and grocery products has raised INR 35 Crore from Alteria Capital.  This venture debt round comes after a $25M equity round concluded in January 2021. The company plans to use the funds to expand its operations across the entire country, fund its working capital requirements, and scale its SME-focused fintech business. Speaking

FIS begins COVID-19 Employee Vaccination Drive in India

New York Stock Exchange (NYSE) listed financial technology company, FIS has said, "It has begun its COVID-19 vaccination drive for its employees and their immediate family across 8 office locations in India.' FIS, which houses one-third of its global workforce in India, aims to help vaccinate 10,000 plus people under its employee health and wellbeing program. "The company has partnered with Villo

Skillsoft makes debuts on NYSE

Skillsoft Corp, a global leader in corporate digital learning, announced that its common stock will commence trading on the New York Stock Exchange (NYSE) under the ticker symbol "SKIL" today at the market open.  This follows the completion of Software Luxembourg Holding S.A.'s merger with Churchill Capital Corp II and combination with Global Knowledge Training LLC ("Global Knowledge") on June 11, 2021, with the

AdmitKard announces 100% increase in its talent pool

Uttar Pradesh edtech platform AdmitKard has announced its plan to further increase its plans to further increase its talent pool by 100 percent. With an existing team of 50+ people, the startup plans to provide career and growth opportunities to deserving candidates in the field of business management, sales, analytics, and communications. AdmitKard aims to add energetic growth managers to support their

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