Monday, November 18

Tag: startup

Lendingkart’s NBFC Arm Bags $25M From A Clutch Of Investors
30Oct By RishabhNo Comments
FUNDING

Lendingkart’s NBFC Arm Bags $25M From A Clutch Of Investors

Lendingkart Finance Ltd, the NBFC arm of fintech startup Lendingkart has raised around $25 million through debt and equity funding. The company raised this sum between August and September this year in multiple tranches from financial institutions and NBFCs including IFMR Capital, Capital First, Tata Capital Financial Services Ltd (TCFSl) and Manappuram Finance Ltd, as per the report by VCCircle. Earlier in September, Lendingkart raised Rs 70 crore in equity funds from Singapore based-  Sistema Asia Fund and its existing investors Bertelsmann India, Mayfield Capital, Saama Capital, Darrin Capital, India Quotient. Out of its current funding, the NBFC raise $9.2 million from its tech and digital marketing arm Lendingkart Technologies Ltd through debt of Rs 20 crore and an equity inf...
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28Sep By RishabhNo Comments
FUNDING

Geospatial Technology Startup Transerve Bags $1.6 Mn

Transerve Technologies, which offers geospatial technology software for urban planning to governments, city corporations and builders has raised $1.6 million from IL&FS Investment Managers and Omidyar Network in a Series A round. (more…)
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Indian School of Business Inks Pact With Sap India For Startups
31Aug By AdityaNo Comments
INDIA

Indian School of Business Inks Pact With Sap India For Startups

The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based startups in the social space, focusing on ventures which are working in areas that have relevance to national priorities. According to a statement issued by the ISB, titled Jumpstart Social Enterprise Accelerator, the programme aims to identify and support 10 early stage and 5 growth stage promising ventures by providing guidance, mentorship and scaling up their technology solutions that can bring about a large scale impact in the lives of common people. "Through this initiative, we are supporting in creating investible and growth oriented social enterprises which can contribute to the economic development of our country," said Dilipkumar Khandelwal, Managing Director of...
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Paytm And PhonePay Asks PM Modi To Make NPCI Neutral Towards Bhim
25Aug By AnkitaNo Comments
News

Paytm And PhonePay Asks PM Modi To Make NPCI Neutral Towards Bhim

An issue of NPCI's premium treatment to BHIM app was brought up by several leading entrepreneurs in the payments sector, including Paytm’s Vijay Shekhar Sharma and PhonePe’s Sameer Nigam, at the NITI Aayog event held last week, reiterating the suggestions made by the Watal Committee. They recommended the Prime Minister and the government to make National Payment Corporation of India (NPCI) a neutral body to ensure a level playing field between banks and pvt tech companies. The issue was  NPCI’s backing of BHIM app and the government outlying nearly Rs 500 crore for cashback and bonus only for this UPI app as per the report by The Economics Times. Around 74.7% of the shareholding of NPCI is held by 10 promoter banks. Last year, NPCI broad-based its shareholding base to 56 banks fro...
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CureFit In Talks To Raise $30 Mn Fresh Funding
17Aug By AnkitaNo Comments
FUNDING

CureFit In Talks To Raise $30 Mn Fresh Funding

Healthcare startup CureFit is in advanced talks to raise around $30 million of fresh funding to expand its fitness brand Cult, enter new markets and launch other health related services, Mint reported recently. (more…)
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Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs
17Aug By RishabhNo Comments
INDIA, News

Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs

Prime Minister Narendra Modi is set to meet 200 startup entrepreneurs and CEOs who have set up successful business right from the scratch; today to discuss on a range of issues including job creation, income growth and innovation at a session organized by federal policy think tank NITI Aayog. (more…)
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