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Raw Materials Marketplace NowPurchase Bags Rs.80 Cr To Expand Product Portfolio

India, April 1 -- Manufacturing materials marketplace NowPurchase has secured Rs.80 Cr (about $8.5 Mn) in a funding round led by Bajaj Finserv. The round also saw participation from its existing backe... Read More


Palmonas Raises $40 Mn From Xponentia Capital, Vertex Growth Fund

India, April 1 -- Jewellery startup Palmonas has secured $40 Mn (Rs.373 Cr) in a Series B funding round led by Xponentia Capital and Vertex Growth Fund, with participation from existing investor Verte... Read More


Xovian Aerospace Raises $2 Mn To Launch RF Satellite

India, April 1 -- Spacetech startup Xovian Aerospace has secured $2 Mn (about Rs.18.7 Cr) in a fresh funding round led by ace investor Ashish Kacholia, with participation from existing backer Inflecti... Read More


MeitY Proposes To Make Advisories Legally Binding For Social Media Platforms

India, March 30 -- Expanding the centre's oversight on digital media platforms, the Ministry of Electronics and Information Technology (MeitY) has proposed amendments to the Information Technology (In... Read More


Electronics Manufacturing Startup Bacancy Systems Raises Rs.40 Cr

India, March 30 -- Electronic systems manufacturer Bacancy Systems has raised Rs.40 Cr ($4.2 Mn) in its Series A funding round led by Sabre Partners and Greenstone Capital. The startup, which manufact... Read More


Bellatrix Aerospace Nets $20 Mn To Scale Satellite Propulsion Commercially

India, March 28 -- Spacetech startup Bellatrix Aerospace has secured $20 Mn (Rs.189.7 Cr) in a Pre-Series B funding round led by Cactus Partners to build business momentum via customer deployments mov... Read More


Info Edge Commits Rs.250 Cr To A88 Fund I To Back Early-Stage Deeptech Startups

India, March 27 -- Naukri parent Info Edge has made an investment commitment of Rs.250 Cr ($26.5 Mn) to A88 Fund I, set up by A88 Trust to back early-stage India startups and generate long-term growth... Read More


FIR Filed Against CoinDCX Founders For Cheating, Company Denies

India, March 22 -- Crypto exchange CoinDCX has termed a Police first information report (FIR) filed against its cofounders Sumit Gupta and Neeraj Khandelwal as false claims.  This follows Moneyc... Read More


L'Oreal In Talks To Buy BPC Brand Innovist: Report

India, March 19 -- Beauty and personal care (BPC) startup Innovist is reportedly in talks to sell a majority of its stake to global cosmetics giant L'Oreal at a valuation of $350 Mn to $450 Mn (Rs.3,2... Read More


AGNIT Semiconductors Nets $2.6 Mn To Foray Into Telecom, Power Electronics

India, March 16 -- Bengaluru-based AGNIT Semiconductors has raised $2.6 Mn (around Rs.24 Cr) in an extension of its seed funding round led by Shastra VC, with participation from existing backers 3one4... Read More