Rainmatter, an early-stage venture capital business supported by Zerodha, has made a Rs 10 crore investment in each of two companies in an equity funding round. The chosen startups are Boson Whitewater, a water recycling startup, and TruNativ, a nutrition-focused brand. Boson Whitewater, founded in 2011 by Vikas Brahmavar and Gowthaman Desingh, aims to become…
Ather energy has decided to expand in its second international market SRILANKA , after nepal . Ather Energy, the Bangalore-based electric scooter company will open its first experience center in partnership with Evolution Auto Pvt. Ltd. This being a joint venture between Sensei Capital Partners (Atman Group) and Sino Lanka Private Limited. Previously Ather launched…
Fintech platform Jio Commercial Services Limited (JFSL) has organized a new entirely owned secondary, Jio Finance Platform and Service Limited. The party has made the new subsidiary for the business of classification of commercial products and allied accounts, it said in a ordering on Thursday.(august 15) JFSL plans to establish INR 1 Lakh as initial…
BharatPe, a major Indian fintech company, has reportedly invested $8 million to $9 million to increase its ownership stake in its non-banking financial company subsidiary Trillion Loans to 60%. This move shows BharatPe’s commitment to strengthening its position in financial services.BharatPe now holds a majority 60% stake in Trillion Loans, highlighting its growing influence in…
Flipkart Minutes, a quick commerce arm of the retailer giant, is live in HSR, Bellandur, and a few areas of Bengaluru. The e-commerce major had been planning to enter the 10-minute delivery service space for the past six months. As per reports, the company is delivering groceries, electronics, smartphones, and other products for about 10…
“In the last 10 years across all geographies, India has been the best in terms of returns,” said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Temasek did not disclose its total mark-to-market exposure to India in previous years as this is a new metric that the firm is tracking….
The Economic Survey for 2023-24 climaxes the important impact of the startup environment on the economy . Acknowledged startups have conceived over 12.42 lakh direct assignments. The total number of startups supported by AIFs was 96 this year, down from 148 last year. the Department for Promotion of Industry and Internal Trade (DPIIT) has sanctioned…
Nykaa, affiliated with the internet fashion and beauty retail platform, is raising 125 crore rupees (nearly 15 million dollars) through non-convertible debentures. The Nykaa board has approved issuing around 12,500 non-convertible debentures at an issue price of 100,000 rupees each to raise 125 crore rupees on a private placement basis in dematerialized form, as…
The Qatar Investment Authority, one of the largest foreign investors in India, has filed a petition in an Indian court seeking to require Byju Raveendran to disclose details of his personal assets. This represents a new challenge for the education technology entrepreneur who oversaw his high-growth startup raise funds just last year. QIA, which first…
According to a report in The Economic Times, food delivery services such as Swiggy, Zomato, and BigBasket may start offering low-alcohol beverages like wine and beer in more states. Currently, only two states, West Bengal and Odisha, allow alcohol delivery to homes. However, the article suggests that six state authorities are considering a trial project…
