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India is a promising fintech market: Industry Minister Piyush Goyal
Union Minister Piyush Goyal today said India is a promising fintech market, and it is poised to become one of the largest digital markets with rapid expansion of mobile and internet as the country is one of the fastest-growing...
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Eka Software Launches New Fintech Solution
Eka Software Solutions, a cloud-based enterprise software provider, today announced the launch of Eka Treasury Management, a powerful fintech ( Financial ) management solution that provides CFOs with a unified and timely view into enterprise data which is critical...
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Diagnostic Lab Chain Sterling Accuris Secures Rs. 250 Cr
Sterling Accuris, a pathology-focused, diagnostic lab chain, has announced that it has signed an agreement to raise INR 250 crore / 34 million USD of equity funds from a fund managed by Morgan Stanley Private Equity Asia. Veda Corporate...
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HDFC Bank lays big plan to tap 2 lakh rural India in next 24 months
HDFC Bank is strengthening its rural foray. According to the bank it is targeting to expand its reach to two lakh villages in the next 24 months, the bank confirmed this in a statement.The bank says it will accomplish...
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Udaan to secure debt funding from Blacksoil
Udaan is raising INR 50 Cr (approx $6.7 Mn) in debt by allotting 1,000 non-convertible debentures (NCDs) in multiple tranches to venture debt firm Blacksoil. In January, Udaan raised $280 Mn in funding from Octahedron Capital, Moonstone Capital, Lightspeed...
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Pentathlon Ventures Raises Rs. 76 Cr to invest in startups
Pentathlon Ventures an early-stage B2B SaaS-focused VC firm, has announced the final close of its debut fund at INR 76 Cr to invest in 20+ startups. The ticket size of investment in startups will be INR 75 Lakhs to...
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ClassKlap acquired by Eupheus for $19 Mn All-Stock Deal
ClassKlap has been acquired by Eupheus for $19 Million. After the acquistion, ClassKlap will merge into Eupheus Learning, and the combined identity under Eupheus’ name will serve over 18K affordable as well as premium schools. The acquisition follows after...
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Sony to set up India-Focused Startup Venture Capital
Sony Corp. is planning to setup an India-focused venture capital arm that will act as a co-investor in startups along with celebrities that will include movie stars and sports personalities. The aim is to tap into the funding boom...
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Spotify has Rs.16 Cr revenues from India
Spotify India announced revenues of Rs.16.12 Crores in FY ending March 2021. Spotify revenues are driven through subscriptions and advertising. According to the company income from subscriptions contributed about 65%~ Rs 9.75 crore ~ to the total revenue in...
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Pickrr bets big on warehouse network growth
Delhi-based Pickrr plans to increase its warehousing network to provide faster last-mile delivery as online shopping booms across India. The firm will add 15-16 warehouses "in strategic locations" by the end of this year — up from the current...
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Indian Startup OrbitAID Sets New Satellite Servicing Benchmark
December 23, 2024: OrbitAID Aerospace, an innovative startup focused on satellite servicing, has successfully tested its groundbreaking Standard Interface...
