Latest Stories

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...

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...

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...

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...

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...

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...

Startup accelerator Zone Startups India will launch two new accelerator programmes in digital inclusion, smart cities and Internet of Things space (IoT), early next year."We are going to launch two accelerator programmes in digital inclusion and smart cities and...

The Indian government is considering amendments to the new social media rules to add in fines for non-compliance instead of convicting employees for their first transgression itself at social media companies who are supposed to ensure compliance with the...

D2C online brand Flatheads has raised $1 million in its pre-Series A round led by We Founder Circle and Dexter Angels. Marquee investors such as Gaurav Kapur of Oaktree Sports, Sahil Barua of Delhivery and Radhikha Ghai of ShopClues...

Bengaluru-based health Tech startup Ayu Health raised $6.3 million in Series A funding round from Singapore-headquartered Vertex Ventures and Stellaris Venture Partners, which is based in Bengaluru.The round saw participation from serial entrepreneur and angel investor Ashish Gupta, Mamaearth's...