Category: Startups
Sidbi tweaks startup fund rules, nudges VCs to draw capital faster
The Small Industries Development Bank of India (Sidbi), which manages the government’s Rs 10,000 crore Fund of Funds for Startups (FFS), has modified its rules,…
Cash flow financing firm GetVantage raises Rs 63 crore in equity, debt
Mumbai-based GetVantage, which offers cash-flow-based financing, has raised Rs 63 crore in a round led by former RBL Bank managing director Rajeev Ahuja and investment…
Nykaa reports Rs 80 crore net profit in Q1, revenue up 29%
FSN E-Commerce, parent company of the beauty and fashion brand Nykaa, reported a net profit of Rs 80 crore in the June quarter, up from…
Mintoak acquires rewards fintech ICC Loyalty to expand bank platform in West Asia, Africa
Bengaluru: Merchant payments software company Mintoak has acquired Dubai-headquartered ICC Loyalty in a largely cash-funded deal, adding consumer rewards technology to its bank platform as…
Payments bill revives hopes of MDR return on large-ticket UPI transactions
The government’s proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI…
Ex Swiggy, Zomato execs launch AI startup Profound, raise $1.5 million from Stellaris, 3one4
Former Swiggy SVP Anuj Rathi and Zomato CTO Prashant Parashar have launched Profound, an agentic platform that creates AI representatives. The startup has raised $1.5…
EV powertrain maker Matel raises Rs 130 crore in UC Impower-led round
Pune-based mechatronics startup Matel Motion and Energy Solutions has raised Rs 130 crore in a round led by UC Impower, with Narayana Murthy’s family office…
Bengaluru hoteliers seek meeting with Swiggy CEO, repeat Aug 15 boycott threat
The Bangalore Hotels Association (BHA) has sought an immediate meeting with Swiggy co-founder and CEO Sriharsha Majety to discuss a range of issues, including unauthorised…
Shiprocket to launch IPO in 1-2 weeks at a valuation of Rs 7,000 crore
Ecommerce logistics services firm Shiprocket is expected to launch its initial public offering (IPO) in the coming one to two weeks at a valuation of…
Urban Company’s InstaHelp, Snabbit cross 100,000 daily bookings mark
Snabbit and InstaHelp, Urban Company’s quick househelp vertical, on Sunday announced that the platforms have each crossed 100,000 completed bookings in a single day.According to…