Hangyo – an Indian ice cream manufacturer and supplier – has been able to recently ink a $25 million funding deal. It will further support the growth and expansion strategies of the company so as to improve the production capacity, launch new flavours and increase its market share. With this new capital in its kitty,…
Axio, which started as Capital Float is one of the leading fintech companies in India has recently completed a $20 million right issue. The experts are of the opinion that the existing investors such as Amazon participated in this round of funding as well. Axio raises a strategic interest of Amazon in the Indian fintech…
PhonePe, a Bengaluru based fintech start-up has introduced a credit line feature on the unified payments interface or UPI. This new function enables the consumers to avail the small ticket credit facilities right through the UPI payments. Also, the merchants can now allow the customers to make payment through credit on the payment gateway of…
Bluestone A Retail jewellery chain has raised $970 million in pre-initial public offering funding. Such a huge funding from other elite investors such as Peak XV Partners, Prosus, and Steadview Capital puts Bluestone in a good stead in its market entry. It intends to submit the paperwork for its IPO in the next few months….
The latest AI cloud firm in the industry is E2E Networks and this firm has been able to secure $50 million in fresh capital. The company intends to utilise this capital in order to further enhance its AI driven cloud platform to benefit business consumers of advanced machine learning and AI applications. E2E Networks was…
Starting up Livpure – the biggest player on Indian water purification market has received $24 million from both M& G Investments and Ncubate Capital Partners as part of its funding plan. The amount will go into use by this particular firm preparing for three various types of advancements which include: extending current product lines; improving…
Paytm India’s biggest digital payments service provider has said it is divesting its entertainment ticketing vertical to Zomato, a food delivery platform. The stock and cash deal is expected to be at Rs 2,048 crore and will involve the acquisition of Paytm’s subsidiaries Orbgen Technologies and Wasteland Entertainment that respectively own TicketNew and Insider. Paytm…
Uppercase, A startup from Mumbai, focused on sustainable travel accessories, has recently closed a large round of funding in the amount of $ 9 million in a B series, the leader of which became Accel. This injection of capital takes the total funding of the company to a significant $17. 9 million customers since the…
’Zoff Spices founder, Srijan has recently stepped into a new journey with a seed capital of Rs 40 crore to help the Indian food processing industry. This funding will help to accelerate the company’s future plans to diversify its product portfolio, improve its sales and distribution network, and increase the awareness of the brand. As…
One of the leading fintech startups – Pine Labs – is moving further in the development of the company’s strategy in India. The company has received the approval from the National Company Law Tribunal (NCLT) to amalgamate the Singapore incorporated entity of the company with its Indian operation. This tactical maneuver is anticipated to open…
