Category: Startups
Ola Electric reallocates IPO proceeds again, diverts Rs 575 crore from R&D to debt, growth
Beleaguered electric two-wheeler maker Ola Electric Mobility Limited has made a fresh revision in the utilisation of its Rs 5,500 crore initial public offering (IPO)…
AI startup Yotta seeks $4 billion valuation ahead of planned IPO
Yotta Data Services Pvt., the data center operator that runs India’s largest cluster of Nvidia Corp. AI processors, is seeking to raise fresh capital at…
Scoop: Credit card startup Uni eyes fresh funds at over 70% valuation cut amid RBI curbs
Credit card distribution startup Uni—backed by General Catalyst, Accel and Lightspeed, among others—is in talks to raise funds at a steep valuation cut, amid a…
Delhivery announces economy air parcel service to UK, Canada, Australia
Logistics firm Delhivery on Wednesday announced the expansion of its economy air parcel service under ‘Delhivery International‘ to the UK, Canada, and Australia. The addition…
Startup Mafia 2.0 Going Strong: Zomato, Freshworks, Zoho alumni launch 360 firms
New-age companies such as Oyo, Ola, Zomato, and Udaan continue to be launchpads for first-time founders to go it on their own. In 2023, ET…
Perfios appoints Nitin Chugh as the group CEO
Banking technology company Perfios has appointed former State Bank of India deputy managing director Nitin Chugh as the firm’s new group CEO and managing director….
Water purifier startup Drink Prime raises $2.2 million from Artha Continuum, Mirabilis Investment
Drink Prime, a water purifier subscription service, has raised $2.2 million from Artha Continuum Fund and Mirabilis Investment Trust, according to a company statement. Founded…
India parliament panel calls for tighter protection for gig workers
An Indian parliamentary panel has recommended mandatory registration of gig workers on a national labour database, while calling for clearer legal obligations for digital platforms…
Telecom startup Velmenni raises Rs 30 crore led by Pi Ventures
Delhi-based telecom startup Velmenni has raised Rs 30 crore led by Pi ventures, with participation from investors like Mount Tech Growth Fund Kavachh and Apekso….
Venture Catalysts exits hygiene startup Pee Safe with 9.6x return after OrbiMed-led $32 million round
Early stage investment fund Venture Catalysts has fully exited women’s hygiene and wellness brand Pee Safe, generating a 9.6x return on its investment. The exit…