Funding is a very important part of a business and when an entrepreneur starts a business, the major source of expenditure for him is the funding he receives. This week, we saw the food delivery giant raising a huge amount of funds. So, let’s dig into the details and have a look on the top […]
Diptab, the owner of trucking logistics company LetsTransport has secured funds amounting to Rs 100 crore ($14.2 million) in Series B funding. This round was led by Bertelsmann India Investments and a Japanese-origin investor. Fosun RZ Capital, the venture capital arm of Chinese conglomerate Fosun International, participated in the round earlier this year. It has been reported that the developments […]
It had been reported that RBI had banned Paytm’s payments bank from opening new accounts and e-wallets in August. Want to know why? We have the answer. RBI for the first time has disclosed the reasons behind the move. The four reasons! The apex financial authority of India said that the Noida-based company was in violation of know-your-customer (KYC) […]
D.light, a distributed solar provider has reportedly raised $41 million in equity financing. This round was led by an Africa-focused investment advisory firm that specializes in the energy sector known as Consortium Inspired Evolution. Consortium partners include the Dutch Development Bank FMO, and also the government-sponsored investment funds Swedfund and Norfund. This latest funding which enables expansion of the company’s […]
Flipkart co-founder Binny Bansal who stepped down from his position recently is all set to launch a new company along with former McKinsey consultant Saikiran Krishnamurthy that will offer technology tools, learning and consulting services to growth- stage startups which are looking to scale up. The company will be called xto10x Technologies and has been funded by Bansal […]
The popular edtech platform Byju’s has raised funds amounting to $400 million in a financing round led by Naspers Ventures and CPPIB. Naspers is a venture arm of South African media giant best known for its early bet on China’s Tencent. On the other hand, CPPIB is a new investor. A private equity firm GeneralAtlantic, which has […]
PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital payments on the IRCTC Rail connect […]
Sweden-based e-scooter startup VOI Technology has reportedly raised funds amounting to $50 million in Series A funding round. This round was led by London-based venture capital firm Balderton Capital. Along with this, backers like LocalGlobe, Raine Ventures, and previous VOI backer Vostok New Ventures also participated in the funding. A number of angel investors also […]
The luxury and one of the most popular clothing retailers Zara has reportedly planned to expand its online sales to an additional 106 countries through a dedicated online platform, mostly in Africa. This was announced by its parent firm Inditex on Wednesday. The launch clearly states that Zara apparel will be available online in 202 countries now. “From tomorrow, Zara’s […]
The first 5G phones are all set to hit the market next year. Motorola is planning to bring next-gen connectivity via a Mod for the Z3, and companies like LG and OnePlus have promised to deliver the tech baked into handsets at some point in 2019. On the other hand, iPhone users may have to […]
In a bid to help startups grow and expand, the Karnataka state government has signed up 21 firms including Uber, Ola, Swiggy and Bata for its ambitious programme called Samruddhi. The programme aims at creating 10,000 entrepreneurs annually over the next three years from among the SC/ST youth. Under this, once the youth is skilled and certified by the […]
Online food delivery player Foodpanda has reportedly expanded its delivery network to 30 more cities in India which has further increased its existence to 50 cities across the country. With this expansion, the company mentioned that its delivery network is now live in cities like Jodhpur, Kota, Udaipur, Amritsar, Ludhiana, Jalandhar, Dehradun, Allahabad, Varanasi, Surat, […]