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An interview with Ashish Aggarwal, Founder & CEO of VA-YU

On Friday Afternoon, Ashish Aggarwal, Founder & CEO of VA-YU sat down with the TechGraph editorial team for a wide-ranging interview. We discussed the VA-YU journey, the impact of COVID-19 on EV rental services, and more. Read complete interview: TechGraph: How did VA-YU transpire? Ashish Aggarwal: I came back to India in 2017 and I was shocked by the pollution levels in our cities. Our country was

Bus Aggregator platform Arcab raises undisclosed amount in seed round

Dubai based bus aggregator platform, Arcab has raised an undisclosed amount in series seed round funding led by We Founder Circle. The undisclosed round witnessed participation from other investors including UpSparks VC, Charles & Zaim Azrak, and other angel investors. The brand plans at utilising the funds to build, maintain and scale the technology infrastructure that facilitates the multi-sided

Immensitas secures $2.3M in Pre-series A1 Round

Immensitas Private Limited has announced the raise of  $2.3 million in a Pre-Series A1 round funding co-led by Growx Ventures, Artha Venture Fund, and DSP Investment Managers Pvt. Ltd., in participation from LogX Ventures and Atrium Angels. In July this year, the company had raised around from Artha Venture Fund (AVF) and LogX Ventures.  "The fresh funds will be used to improve and strengthen the capabilities

SMFG completes the acquisition of a 74.9% stake in Fullerton India

Japan based Sumitomo Mitsui Financial Group Inc has announced the completion of a 71% stake acquisition in Fullerton India Credit Company Limited (Fullerton India) from Fullerton Financial Holdings Pte Ltd (FFH). With this post-completion of the purchase, Fullerton India has become a consolidated subsidiary of SMFG. SMFG will eventually purchase 100% of Fullerton India over some time. The transaction

BANKIT to onboard 1 lakh Kirana stores in Telangana & Andhra Pradesh by FY22

Leading Fintech startup, Bankit has announced its plan to tie up with over 1 lakh Kirana stores in Telangana and Andhra Pradesh by the Fiscal year 2022. These outlets will include local shops such as medical stores, recharge shops, grocery shops, etc. "Over the past few months, the company has witnessed the maximum growth by managing to expand its hyperlocal delivery potential by increasing its business

Nupur Recyclers Limited IPO to open on Dec 13

Nupur Recyclers, a leading metal recycling and processing industry, has today announced that its Initial Public Offering (IPO) of 57,00,000 shares will be open for subscription fr December 13, 2021, to December 15, 2021, at a fixed price of Rs. 60 per equity share. The minimum lot size for investment is 2000 shares and the minimum investment would be Rs. 1,20,000. Commenting on the development, Mr.

Microfinance AI raises $200K from We Founder Circle, FAAD Network & others

India based fintech startup, Microfinance Ai has raised $200K in pre-Series A round funding led by We Founder Circle. The round also witnessed participation from FAAD Network, Gujarat University Start-up and Entrepreneurship Council (GUSEC), Saurabh Aggarwal (Co-founder Fitso), Ankit Prasad (Founder & CEO Bobble AI), and from other angel investors. Microfinance.AI which operates under Uthaan Technologies

Footwear brand Neeman’s secures Rs 7 Cr in debt round from Stride Ventures

India based sustainable footwear brand Neeman's has secured Rs 7 crores in debt round funding led by Stride Ventures. "With this investment, the venture lending fund with deep relationships across banks and corporates is committed to being a strategic partner in the brand's journey of disrupting the Indian footwear segment that primarily consists of leather shoes," the statement said. This is the 40th

KreditBee partners with Mswipe to offer Cardless EMI at retail stores

Bengaluru based fintech platform KreditBee has announced its partnership with Mswipe to offer a fully digital mode of payment 'Cardless EMI' at leading retail stores. "With this partnership, KreditBee is expanding its reach in offline space and making it easy and convenient for customers to shop by converting transactions into digital EMIs," the statement said. The company aims to enable purchases of

Powerhouse91 acquires wellness brand Expertomind

India based Powerhouse91 on Tuesday announced the acquisition of wellness brand Expertomind for an undisclosed amount. "Through a combination of functional optimizations across marketing, supply chain, and operations combined with significant growth capital, Powerhouse91 aims to expand Expertomind by 25X over the next 4-5 years," the statement said. Expertomind brings a diverse range of wellness, pain

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