Drone infrastructure startup NxtQube has raised an undisclosed amount in seed funding funds round led by Risk catalystsan incubation and acceleration platform in India. The round also included participation from Pontaq VC (STPI NxtVentures), Ananta Bizcon LLP, Rushikesh Bhandari and other angel investors. What does NxtQube do? Founded in April 2022 by Nikhil Rajput, NxtQube … Read more
It processes transactions worth around Rs 100-200 crore a month. Credit cards on UPI clock around Rs 10,000 crore a month. 2 minutes reading time Last update: August 22, 2024 | 15:46 IS Fintech major PhonePe on Thursday announced the launch of a credit line on the Unified Payments Interface (UPI) feature, almost a year … Read more
New Delhi-based AI-focused cloud provider E2E Networks Ltd. today announced the closing of a strategic investment round, securing Rs 420.51 crore through a preferential issue of equity shares. “The Board of Directors approved preferential issue of up to 24,81,592 equity shares at an issue price of Rs 1,694.50 per share, raising an aggregate proceeds of … Read more
Electric vehicle startup Simple Energy announced Monday that it has raised $20 million in a Series A funding round. Image: X@SimpleEnergyEV 3 minutes reading time Last update: July 29, 2024 | 11:16 am IS Electric vehicle (EV) startup Simple Energy said Monday it has raised $20 million in a Series A funding round, an amount … Read more
E-commerce company Meesho On Friday he said he had appointed four new independent directors To your board. The new one equipment These include Hari S Bhartia, founder and co-chairman of Jubilant Bhartia Group; Kalpana Morparia, former president for South and Southeast Asia at JP Morgan; Rohit Bhagat, former president for Asia Pacific at BlackRock; and … Read more
Larsen & Toubro-owned NBFC firm L&T Finance has entered the co-lending space through a strategic partnership with Directed by Kunal Shah fintech unicorn CREDIT. As part of this partnership, L&T Finance will offer unsecured personal loans to CRED members, aiming to leverage CRED’s affluent customer base and Newtap Finance Private Ltd’s digital lending expertise. Provide … Read more
3 minutes reading time Last update: July 29, 2024 | 10:02 PM IS Rapido, a Swiggy-backed bike-hailing startup, has emerged as a unicorn with a $120 million Series E funding round led by its largest backer, WestBridge Capital, which has provided capital across three different investment vehicles. A unicorn is a private equity startup with … Read more
Jewelry retailer Copper sulphate has closed a Rs 900 crore funding round, more than doubling the capital of the company that is going public. valuation to $970 million, or Rs 8,100 crore, several people familiar with the development said. The Accel-backed firm is now set to file the draft red herring prospectus for its initial … Read more
Gurugram-based retail lending platform Loan of cards has been associated with Tata Group Tata Capital Limited’s financial services arm will offer unsecured business loans to micro, small and medium enterprises (MSMEs) across the country. The partnership seeks to improve financial access for MSMEs by leveraging Lendingkart’s digital platform to streamline the lending process. Founded in … Read more
2 minutes reading time Last update: July 30, 2024 | 5:20 pm IS Ahead of the festive season, e-commerce firm Flipkart has consolidated its fintech offerings under a single vertical, ‘Flipkart Pay’, on its app to enhance customer engagement and drive a seamless checkout experience for shoppers. “This would enable customers to get a better … Read more
