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SBI Mutual Fund Trims Stake in Delhivery To 5.69%

India, Dec. 24 -- SBI Mutual Fund offloaded shares of Delhivery on Monday (December 22) to reduce its stake in the logistics company to 5.69%. In an exchange filing, SBI Mutual Fund said it sold 18.1... Read More


Naxatra Labs Bags $3 Mn To Accelerate EV Motor Production

India, Dec. 23 -- EV motors manufacturer Naxatra Labs has raised $3 Mn (INR 26.86 Cr) in a Pre-Series A round led by Zerodha's Rainmatter. Besides, angel investors like Vijay Shekhar Sharma (CEO, Payt... Read More


PayNearby Gets TPAP Licence To Offer UPI Payments

India, Dec. 23 -- Fintech startup PayNearby has received a third-party application provider (TPAP) licence from the National Payments Corporation of India (NPCI) to offer UPI payments services. In a ... Read More


Swiggy Instamart Experiments With Physical Retail

India, Dec. 22 -- Adding on to its spree of experimentations, consumer services giant Swiggy has now opened an offline Instamart branded mini store in Gurugram. Instamart, which is the company's quick... Read More


Cautio Acquires BYTES To Provide Safety Solutions For Two-Wheelers

India, Dec. 22 -- Visual telematics startup Cautio has acquired BYTES, an AI-powered automotive startup that specialises in building advanced driver assistance systems (ADAS) for two-wheelers, to expa... Read More


[Exclusive] MilkStation Nets $2.5 Mn To Expand Value Added Products

India, Dec. 20 -- D2C dairy startup MilkStation has raised $2.5 Mn (around INR 22.5 Cr) from UK-based family dairy company V-Dairy. This marks the Rajasthan-based startup's first external capital rais... Read More


Exclusive: MilkStation Nets $2.5 Mn To Expand Value Added Products

India, Dec. 20 -- D2C dairy startup MilkStation has raised $2.5 Mn (around INR 22.5 Cr) from UK-based family dairy company V-Dairy. This marks the Rajasthan-based startup's first external capital rais... Read More


FabHotels DRHP: A Look At Shareholding Pattern & Key Executives

India, Dec. 20 -- Budget hotel chain FabHotels' parent Travelstack Tech recently filed its draft red herring prospectus (DRHP) with SEBI to raise INR 250 Cr from the public market. The company's publ... Read More


WorkIndia Bags $10.8 Mn To Expand Into Non-Metro Markets

India, Dec. 18 -- WorkIndia, a recruitment platform for blue and grey collar workers, has raised INR 97 Cr ($10.8 Mn) in funding for its Series B round. The round was led by Avishkaar Capital, which i... Read More


WorkIndia Raises INR 97 Cr To Formalise Blue Collar Hiring Beyond Tier I

India, Dec. 18 -- WorkIndia, a recruitment platform for blue and grey collar workers, has raised INR 97 Cr ($10.8 Mn) in funding for its Series B round. The round was led by Avishkaar Capital, which i... Read More