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Reliance Deal Dented Disney India's Business By $2 Bn

India, May 7 -- In its financial report for the second quarter of 2024, US based entertainment major Walt Disney said it incurred over $2 Bn charges due to goodwill impairments related to Star India a... Read More


Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

India, May 7 -- Wealth management and investment banking firm Client Associates has announced the first close of its maiden Category II alternative investment fund (AIF) at INR 300 Cr (approximately $... Read More


Lendingkart Pockets $10 Mn For Onward Lending To Small Businesses

India, May 7 -- Fintech startup Lendingkart has raised $10 Mn (INR 83.5 Cr) via external commercial borrowing from a fund managed by Swiss impact investor BlueOrchard. Lendingkart will deploy the fre... Read More


Deeptech Startup Mindgrove Rolls Out First India-Made Microcontroller Chip

India, May 6 -- IIT Madras incubated semiconductor startup Mindgrove Technologies has rolled out India's first commercial high-performance SoC (system on chip) called Secure IoT. The chip is designed ... Read More


Classplus Invests In Gujarat-Based Test Prep Platform GyanLive

India, May 6 -- Edtech unicorn Classplus has announced an undisclosed strategic investment in Gujarat based state government exam prep startup GyanLive. Based in Gandhinagar, the startup was founded ... Read More


Adda247 Hires Former NIIT Exec Bimaljeet Singh As CEO To Scale Up Higher Education Business

India, May 6 -- Bolstering its leadership, edtech startup Adda247 has appointed ex-NIIT president Bimaljeet Singh to lead its skilling and higher education verticals as the CEO. In a statement, Adda2... Read More


Indian Startup Funding Continues To Inch Up In 2024, Rises 15% MoM In April

India, May 4 -- Continuing to show signs of revival in 2024 after a harsh funding winter, Indian startup funding grew in the month of April. Between April 1 and April 26, Indian startups raised $868 M... Read More


From PharmEasy To Portea - Indian Startups Raised $316 Mn This Week

India, May 4 -- After a significant drop in the capital raised by Indian startups in the last week of April, funding picked up in the world's third-largest startup ecosystem in the first week of May. ... Read More


Ex-BharatPe CPO Ankur Jain Launches Healthcare-Focussed Startup Jivi AI

India, May 3 -- Months after quitting fintech unicorn BharatPe, Ankur Jain has officially announced the launch of his new venture, generative AI (GenAI)-based startup Jivi AI. In a LinkedIn post, the... Read More


IvyCap Ventures Managing Partner Tej Kapoor Joins ICICI Venture

India, May 3 -- After a brief stint at IvyCap Ventures as its managing partner, Tej Kapoor announced that he has moved from the VC firm and joined ICICI Venture as a director/ partner. Taking to Link... Read More