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Info Edge To Invest Another INR 15 Cr In Agritech Startup Gramophone

India, May 16 -- Sanjeev Bikchandani-led internet company Info Edge is further increasing its stake in agritech startup Gramophone with an investment of INR 15 Cr (about $1.8 Mn). In an exchange fili... Read More


Zoho Eyes Semiconductor Foray, Plans $700 Mn Investment To Set Up Chip Fabrication Unit

India, May 16 -- Sridhar Vembu-led SaaS unicorn Zoho is reportedly looking to enter the semiconductor space and has applied to the Centre to seek approval to get incentives under the production linked... Read More


Infibeam Avenues Q4 PAT Rises To INR 49.2 Cr

India, May 16 -- Payments infrastructure company Infibeam Avenues posted a 28% rise in its consolidated profit after tax (PAT) to INR 49.2 Cr in the March quarter (Q4) of the financial year 2023-24 (F... Read More


Uber Gets Licence From Delhi Transport Department To Operate Bus Services

India, May 16 -- Ride-hailing major Uber has received the licence from the Delhi Transport Department to operate bus services in the national capital. As per an ET report, Uber has been granted the l... Read More


Exclusive: Battery Smart To Raise $45 Mn From Acacia, MUFG, Existing Investors

India, May 16 -- Delhi NCR-based battery-swapping startup Battery Smart is raising around INR 376.3 Cr (about $45 Mn) from existing and new investors in what seems to be a Series B funding round. As ... Read More


IAMAI Warns Draft Digital Competition Bill Will 'Dry Up' VC Funding In Tech Startups

India, May 16 -- The Internet and Mobile Association of India (IAMAI) has written to the Corporate Affairs Ministry, expressing apprehensions that the draft Digital Competition Bill will have adverse ... Read More


InstaAstro Nets $2.3 Mn To Fuel Its Astrology Offerings, Expand Into Southern States

India, May 16 -- Noida-based astrotech startup InstaAstro has raised INR 18.5 Cr (around $2.3 Mn) in a Pre-Series A funding round led by existing investor Artha Venture Fund. The round also saw parti... Read More


Awfis Sets Price Band Of INR 364-INR 383 For INR 599 Cr IPO

India, May 16 -- Coworking startup Awfis has set a price band of INR 364-INR 383 for its upcoming initial public offering (IPO). Its IPO comprises a fresh issue of shares worth INR 128 Cr and an offe... Read More


D2C Paan Brand The Betel Leaf Gets Funding From Inflection Point Ventures, Venture Catalysts

India, May 16 -- Bengaluru-based online paan startup The Betel Leaf has raised $1.2 Mn (around INR 10 Cr) in a bridge funding round co-led by Inflection Point Ventures and Venture Catalysts. The star... Read More


PhonePe Rolls Out UPI Payments For Indian Travellers In Sri Lanka

India, May 16 -- Fintech major PhonePe has partnered with LankaPay to enable Unified Payments Interface (UPI) payments for Indian users travelling to Sri Lanka. As part of the collaboration, PhonePe ... Read More