Women Fashion Brand Theater led by Prath ventures gets major funding
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 Wins Gold in “application of emerging tech” category
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…
YES MADAM, launches new plan for their partners, resulting in reduction in commission rates
Yes Madam is an Indian startup that provides in-home salon and spa services. They connect customers with trained beauty professionals who come directly to your home to perform a variety of treatments. Yes Madam has launched a new plan called ‘Platinum Partners’ for the workers on its platform, under which the service partners will have…
Zouk Bags $10 Million in New Funding Round
Zouk another fashion brand that only uses animal friendly products to fashion its clothes is ready for a big boost in funding. Mumbai-based startup is close to finalising over $10 million of new investment from Aavishkaar Capital and previous investor Stellaris Venture. This comes only eighteen months after Zouk’s last fundraising exercise. Zouk was established…
Stable Money on Fire! Wealthtech Startup Heats Up With $15 Million Blaze, Triples Valuation!
Wealthtech startup Stable Money has raised Rs 123 crore ($15 million) in a fresh funding round from RTP Capital, Lightspeed India and Matrix Partners. It has completed the second funding round within a year despite a challenging funding environment. The board approved the issuance of 77,135 CCPS at a price of Rs 16,019 per share….
Zepto Rockets to $5 Billion Valuation, Secures $340 Million in Follow-On Funding
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…
WazirX Whacked! $230 Million Crypto Heist Rocks India!
$230 million hack hits major Indian cryptocurrency exchange WazirX. Hackers exploited a security hole in WazirX that allowed them to steal a variety of cryptocurrencies, with Shiba Inu tokens being their main target. WazirX has frozen withdrawals to prevent future losses and is currently investigating the incident; The exchange gives high priority to user security….
“India Abolishes Angel Tax: A Boost for Startups and Innovation”
Venture capitalists and industry experts have welcomed the removal of angel tax, which is an important step towards accelerating the growth of startups in India. Finance Minister Nirmala Sitharaman during the Budget presentation for 2024-25 announced that angel tax will be abolished for all investors. The angel tax, introduced in 2012 to prevent money laundering,…
QIA (Qatar Investment Authority) goes to court for BYJU RAVEENDRAN
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…