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 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…
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…
Gurugram-based XR startup Metadome. ai just supercharged its growth with a $6bn funding round in September, and is on course to clock revenues north of $200m within the next year or so. Series A funding round in the amount of 5M$ provided by Siana Capital and Chiratae Ventures. This will help fund Metadome’s quest of…
Chai Sota bar, a tea business in India, built a million dollar business by understanding the economics of tea and implementing strategies such as menu engineering and a franchise model. They achieved scale and profitability by leveraging the low cost and habit-forming nature of tea, as well as offering complementary products. Chai Sutta bar mitigated…
Why did Jaguar fail? What went wrong with Jaguar Worldwide Jaguar, the prestigious British car manufacturer, was known for its high unreliability. However, the lack of reliability wasn’t the primary factor contributing to its decline. A series of events unfolded that led to the worldwide decline of the jaguar.1. Ownership InstabilityOver the years, Jaguar changed…
Rare Rabbit, a high-end fashion brand from Bengaluru, secured its first investment of Rs 150 crore ($18 million) in a funding round led by A91 Partners. This funding aims to propel the brand’s growth trajectory. Founded in 2015, Rare Rabbit offers designer clothing for both men and women and boasts over 100 stores across…
Former Housing.com CEO Rahul Yadav has secured investment from Indian cricketer Yuvraj Singh for his new startup, Intelligent Interfaces. The amount of investment has not been disclosed. Yadav was ousted from Housing.com in 2015 amidst controversy. Yuvraj also mentioned through his facebook account with a picture of Yadav, Nishant Singhal and himself that “Proud to…
The valuation of PharmEasy’s parent, API Holdings, has taken a serious beating. From being valued at $5.6 billion, it came down to $458 million, which is a drop of 92%. It was due to a number of factors, including some really unfavorable market conditions and investor concern. Janus Henderson, one of PharmEasy’s investors, cut the…
Bengaluru-based CRED is more than just a payment app. It’s a gilded club for credit card champs. By rewarding punctual bill payers with exclusive offers and swanky experiences, CRED turns boring bill payments into a VIP lifestyle. Think of it as your credit score’s golden ticket to a world of luxury. ABOUT FOUNDERKunal Shah, a…
