Battery Smart raises undisclosed amount from Orios Venture Partners and Faad Network

India-based electric vehicle battery swapping stations for E-rickshaws, Battery Smart has raised an undisclosed amount in series seed round funding led by Orios Venture Partners. The round also saw the participation from angel investment platform Faad Network. Founded in 2020 by IIT Kanpur Alumni, Pulkit Khurana, and Siddharth Sikka, Battery Smart provides advanced Li-ion batteries to e-rickshaws on a

FarEye appoints Suvrat Joshi as Head of Product

Logistics company FarEye on Thursday announced the appointment of Suvrat Joshi as a Chief Product Officer. Based in Seattle, Suvrat brings over 20 years of experience in handling product leadership at Yahoo, Microsoft, Amazon, Facebook, and Dropbox. "Suvrat in his new role will drive the product expansion with a key focus on the customer's needs," FarEye in its statement said. Speaking on the

Center brings new rules for social media and OTT platforms

In a bid to curb the fake news circulation, and to bring more transparency in the digital media space, the Union Government on February 25, proposed its new draft on Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rule 2021 for social media, OTT platforms, and Digital media. Addressing the press here in New Delhi, Ravi Shankar Prasad said, "We have not framed any new law. We have

IIFL Finance raises Rs 100 crore through debentures

IIFL Finance Ltd has said, "It has raised Rs 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis." IIFL Finance in a regulatory filing said, "Finance Committee of the board of directors has approved the allotment of 1,000 NCDs of the face value of Rs 10 lakh each, for cash at par, aggregating to Rs 100 crore on a private placement basis." "The NCDs will carry an interest

Arzooo secures $6 mn from Trifecta Capital

Bengaluru-based retail tech startup Arzooo on Wednesday raised $6 million from Trifecta Capital. "The funds will be used for network expansion, scaling up its supply chain capabilities to deliver better services to its partner stores," Arzooo said in its statement. Speaking on the investment in Arzooo, Rahul Khanna, managing partner, Trifecta Capital said, "Neighbourhood stores are a fantastic channel to drive

Tata Power raises Rs 900 crore through NCDs

Power Utility company Tata Power has raised Rs 900 crore through the issuance of non-convertible debentures (NCDs). In a filing with the exchange, Tata Power said, "The company has issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth Rs 900 crore." "The series-I debentures worth Rs 400 crore would mature on February 23, 2024. While series-II debentures of Rs 500 crore would mature on 23,

Bharti Airtel launches ads platform Airtel Ads

Bharti Airtel on February 24, announced the launch of its advertising platform 'Airtel Ads'. Bharti Airtel in its statement said, "Using Airtel's deep data science capabilities, Airtel Ads allows brands to create high engagement and high impact campaigns to the most relevant customer cohorts. This also means that Airtel customers receive only the most relevant brand offerings and not unwanted spam." "Airtel

BlueShift raises $30 mn from Fort Ross Ventures, Avatar Growth Capital and others

San Francisco based AI-powered customer data platform BlueShift on Wednesday raised $30 million in series C financing led by Fort Ross Ventures along with Avatar Growth Capital. The round also saw participation from its existing investors including Softbank Ventures Asia, Storm Ventures, Conductive Ventures, and Nexus Venture Partners also participated in the round. "With the fresh funding Ratan

Orios Venture Partners Report: 44 Unicorn creates $106 billion value for Indian startup ecosystem

India's leading early-stage venture fund Orios Venture Partners has released a report on 'Indian Unicorns' which highlights the performance of the Unicorns across the vertical and the impact they have made on the Indian economy. The report titled 'The Indian Tech Unicorn Report 2020' focused on the startups who reached the milestone of Unicorn and have contributed significantly to the startup ecosystem. Report

Fisdom acquires IT return filing startup Tax2Win

Wealth management company Fisdom has announced the acquisition of online income tax return filing startup Tax2Win for an undisclosed amount. Speaking on the acquisition, Subramanya SV, Co-founder & CEO of Fisdom said, "The acquisition of Tax2Win will further, enhances Fisdom's position as a leading wealth tech company in India and is in line with the company's strategic goal to offer a complete suite of

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