Wibmo, a leading payments security and digital financial services company, with City Union Bank and nStore, has launched the Buyer Side ONDC Module. The module is supposed to transform the digital buying journey of the customers of City Union Bank by seamlessly connecting them on the Open Network for Digital Commerce. ONDC is an initiative…
Under its employee stock option plan (ESOP), the fintech behemoth PaytmPaytm Datalabs in-article-icon has granted 2.54 lakh equity shares to qualified workers. Paytm stated in an exchange statement on Wednesday, September 4, that the nominating and compensation committee of the board had approved the distribution of 2.54 lakh fully paid-up equity shares, each with a…
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…
Fashion startup Theater raises $1.5 Mn (INR 12.45 Cr) in a Pre-Series A funding round. Founded in 2021 by Sarthak Aggarwal, Vikram Jain, Karan Jain, and Shruti Aggarwal, Theater specializes in deep fashion and offers women’s footwear, stockings, perfumes and bags. The fresh infusion of capital will further help Theater in building strong presence in…
ONDC an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) won at National Awards for e-Governance (NAeG) in the category of ‘Application of Emerging Technologies for Providing Citizen-Centric Services’ “We are honored to receive the Gold Medal at the National e-Governance Awards for our innovative use of emerging technologies in providing…
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…
Hindustan Composite is a leading auto ancillary company which strategically invested in the IPO-bound online food delivery giant Swiggy. The strategic partnership has come when Bollywood superstar Amitabh Bachchan’s family office also picked up a minority stake in the Bengaluru-based company. As part of the deal valued at Rs 5.17 crore, Hindustan Composite has entered…
Rebel Foods, India’s pioneering cloud kitchen platform, reported a strong improvement in its fiscal year financials, with its revenue rising nearly 19% and losses falling over 40%. The growth indeed suggests how well Rebel Foods has strategized to successfully navigate the competitive foodtech landscape. Food sold was the mainstay of the company, which contributed a…
Zepto is a rapid delivery startup that has increased its valuation to $5 billion after it closed a funding round of $340 million led by General Catalyst. It is almost double the valuation it attained in June, which was $3.6 billion. The fresh capital will drive expansion plans of the company at Zepto, including doubling…
The Indian government has currently launched the Digital Agriculture Mission to modernize the usa’s agriculture zone. This bold initiative goals to enhance farmers’ incomes by means of presenting them with get right of entry to to digital equipment and statistics. The undertaking will help various virtual agriculture tasks, which includes the creation of a digital…
