Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh 3 minutes reading time Last update: July 26, 2024 | 00:35 IS The government is looking at ways to speed up the approval process for foreign direct investment (FDI) proposals, said the Secretary of the Department for Promotion of Industry and Internal … Read more
Acadru, a Gurugram-based software-as-a-service (SaaS) startup that focuses on improving content and interdisciplinary learning for middle and high school students, has raised $500,000 in funds led by AIG Direct LLC and others investors. The startup plans to use the proceeds to expand its market reach and develop new learning avenues, further consolidating its position in … Read more
WayCool, an agricultural trading startup 3 minutes reading time Last update: July 26, 2024 | 18:15 IS Agricultural supply chain company WayCool has laid off over 200 employees across all departments in its quest to achieve profitability. This is the third round of layoffs at the Chennai-based company in the last 12 months, according to … Read more
Based in Mangaluru Hangyo Ice Cream It has grossed around Rs 211 crore private equity firm Capital of Faering. The company plans to use the fresh capital to enhance its production capabilities, accelerate new product development and expand its presence in key markets, mainly in southern India, it said on Thursday. The fundraising comes at … Read more
AI-powered equity investment platform InvestorAi has raised Rs 80 crore (approx. $10 million) in a Series A round funds round led by Ashish Kacholia, founder of Lucky Investment Managers, and his partners. The startup will use the capital raised to expand business operations and add new products. Leveraging AI for investment solutions Founded in 2018 … Read more
3 minutes reading time Last update: July 28, 2024 | 19:19 IS WazirX, the cryptocurrency exchange that lost $230 million in a cyberattack, is implementing a fund recovery plan based on a user survey the platform will conduct before August 3. For the first time on an Indian cryptocurrency exchange, WazirX will socialize the loss … Read more
He Delhi High Court A single person was appointed on Thursday referee To decide the course dispute between bharatpe and its former CEO Ashneer Grover for the alleged violation of the confidentiality of the latter’s employment contract. BharatPe had filed a motion in the High Court alleging that Grover had revealed confidential company information on … Read more
Bengaluru-based B2B sales startup Revrag has raised $600,000 in a pre-seed round funds round led by High-powered companieswith participation from several high-profile investors including Viral Bajaria (co-founder of 6Sense), Kunal Shah (founder of Cred), Deepak Anchala (founder of Slintel) and Vetri Vellore (founder of Rhythms), along with other angel investors. What does Revrag do? Founded … Read more
Zomato Legends closes: ZomatoCo-founder and CEO Deepinder Goyal has announced the closure of Zomato Legends with immediate effect after “not finding the right product for the market” In a post on X.com (formerly Twitter), Deepinder Goyal wrote: “Update on Zomato Captions: After two years of trying and failing to find the right product for the … Read more
Arpit Chug, CFO, Razorpay 5 minutes reading time Last update: July 28, 2024 | 10:33 PM IS The startup, valued at over $7 billion, is ramping up efforts to achieve profitability across its businesses and shift its domicile to India as it plans an initial public offering (IPO) in 2-3 years. Fintech giant Payment for … Read more
