Topics: Business News

Flipkart acquires 100% stake in online travel company ClearTrip

Walmart-owned e-commerce company Flipkart has announced the acquisition of online travel company ClearTrip for an undisclosed amount. "Under the terms of the agreement, Cleartrip operations...

Larsen & Toubro Infotech names Anil Rander as CFO

Technology consulting company Larsen & Toubro Infotech (LTI) has announced the appointment of Anil Rander as its new Chief Financial Officer (CFO). Anil Rander holds...

Footwear startup Solethreads scores Rs 13 crore in Series A round

India-based youth-centric footwear startup Solethreads has announced the completion of its Rs 13 crore series A round of funding led by DSG Consumer Partners...

Bharat Petroleum Corporation Ltd, Accenture teams up to digitize sales and distribution network

India's largest oil and gas company, Bharat Petroleum Corporation Ltd (BPCL) has announced its partnership with Accenture to digitize its sales and distribution network. "As...

India-EU trade deal negotiations to re-start from next month

"The trade deal negotiation between India, and the European Union (EU) on a free trade agreement that has been stalled since 2013, will restart...
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Pine Labs acquires Fave in $45 mn cash and stock deal

Pine Labs, a digital payment and commerce solution provider to merchants has announced the acquisition of Malaysia-based Fintech startup Fave for $45 million in...

BlackSoil Capital pumps Rs 12 crore in Freightwalla, UpMoney and Rapidox

Debt round venture fund BlackSoil Capital has invested over Rs 12 crores in digital freight forwarding startup Freightwalla, UpMoney NBFC, and D2C affordable fashion...

Dybo raises Rs 1.2 crore in series seed round

Bangalore based product visualization technology startup, Dybo has raised $1.2 crore in series seed round funding. The round was led by Singapore based VC firm...

Morgan Stanley India Infrastructure acquires stake in iBus Network for Rs 150 crore

Morgan Stanley and iBus Network ("iBus") today announced that Morgan Stanley India Infrastructure has invested ₹150 Crores (US$ 21 Million) to acquire a stake...

Inflection Point Ventures leads Rs 5.5 crore pre-Series A round in PumPumPum

Used car leasing platform, PumPumPum has raised Rs 5.5 crore in pre-Series A round funding led by Inflection Point Ventures in participation with Lets...
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Pitstop raises $3.5 Mn in pre-Series B round led by Ventureast

Multi-brand car service provider Pitstop has raised $3.5 million in a pre-Series B funding round led by Ventureast. The round also saw participation from ACKO...

U GRO Capital, SBM Bank partners to launch credit card for MSMEs

Small business financier U GRO Capital has announced its partnership with SBM Bank to launch 'GRO Smart Business' credit cards for small and medium...

Edelweiss Wealth Management appoints Pankaj Razdan as MD & Vice Chairman

Edelweiss Wealth Management (EWM), has today announced the appointment of Pankaj Razdan as Vice Chairman and Managing Director. "In his new position, Razdan will lead...

Spinny draws $65 million in series C round

India settled used cars retailing platform Spinny has raised $65 million in series C round funding . Led by General Catalyst, in participation with new...

Cashinvoice records Rs 2,100 crore of throughput in FY20-21

The digital supply chain finance marketplace has recorded a transaction throughput of Rs 2,100 crores in FY 2020-21. Launched in 2018, Cashinvoice offers end-to-end Supply...
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We Founder Circle leads $250K seed round in Karnival

A SaaS-based customer engagement platform for retailers and brands, Karnival has raised $250K in series seed round funding led by We Founder Circle. The round...

Jana Small Finance Bank partners with Axis Securities to offer investment services

Jana Small Finance Bank has today announced its partnership with Axis Securities to offer investment services to its customers through a 3-in-1 account. "As a...

PM Narendra Modi criticizes CM Mamta’s poor industrial policy

Prime Minister Narendra Modi on Saturday, criticized CM Mamta Banarjee's government Industrial policy that has affected local industries. Addressing a political rally at Hooghly, West...

Bollywood Actor Salman Khan invests in short video app Chingari

India-based short video app Chingari has raised $13 million in a new round of funding led by OnMobile Global. The round also saw participation from...

HDFC Capital, Cerberus launches special platform to support residential real estate projects

HDFC Capital Advisors Ltd (HDFC Capital) has partnered with an affiliate of Cerberus Capital Management LP to launch a special situation platform focused on...
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Circus Social draws $1 million in pre-Series A round

Social media analytics and big data SaaS company, Circus Social has raised $1 million in pre-Series A round funding led by Inflection Point Ventures. The...

Homingos secures undisclosed amount from BITS Spark Angel Network and others

Bangalore-based AR social media platform, Homingos has raised an undisclosed amount in fresh round funding led by BITS Spark Angel Network. The round saw the...

Piyush Goyal: Cabinet approves Rs 10,900 crore PLI Scheme for the food processing sector

The Union Cabinet has approved the Rs 10,900 crore as incentives under the Production Link Incentives (PLI) Scheme for the food processing industry. "Headed by...

Instoried raises undisclosed amount from Rockstud capital

Deeptech and A.I.-based content intelligence platform Instoried has raised an undisclosed amount from Rockstud Capital. The funds will be used to reach out to newer...

Silk supply chain platform ReshaMandi raises $1.7 mn from Omnivore and others

India-based Skill supply chain platform ReshaMandi has raised $1.7 million in series seed round funding led by Omnivore and Strive Ventures. The fresh round funding...
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EdTech startup SkilloVilla raises $300K from Titan Capital and others

Bangalore-based Edtech startup, SkilloVilla has raised $300K in series seed round funding led by Titan Capital. The fresh round funding also saw the participation from...

IRM India partners with Eduvanz to Strengthen Indian ERM Ecosystem

India Affiliate of Institute of Risk Management (IRM India), on Monday announced a comprehensive and far-reaching knowledge partnership with Eduvanz to strengthen Enterprise Risk...

KreditBee raises an additional $70 mn from NewQuest Capital and Motilal Oswal Private Equity

Bengaluru-based lending Platform KreditBee has raised $70 million in a follow-on series C round from TPG backed NewQuest Capital Partners and Motilal Oswal Private...

IVCA-EY report: India received $232.4 bn in PE-VC investments during 2011-2020

IVCA-EY report in its new report named 'PE/PV Agenda: India Trend Book' said, "India has received US$232.4 billion from 2011 to 2022. IVCA-EY in its...

Y Combinator-backed micro-insurance startup Bimaplan raises $500 K in a Series Seed round

Bimaplan, a micro-insurance startup backed by Y Combinator, has raised $500 K in series Seed round funding led by Titan Capital. The fresh round funding...
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