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Exclusive: Presolv360 To Raise $4.7 Mn From Elevation Capital, Others

India, Aug. 11 -- Mumbai-based Presolv360 is raising funding from Elevation Capital, multiple people aware of the matter told Inc42 on the condition of anonymity. "The round is almost closed, and Ele... Read More


Yatra Shares Jump 20% During Morning Trade

India, Aug. 11 -- Shares of online travel aggregator Yatra jumped 19.9% to INR 115.04 during the morning trading sessions on the BSE today. This comes two days after the company reported its Q1 finan... Read More


CCI Seeks Additional Details In Antitrust Review Of Zepto, Blinkit & Instamart: Report

India, Aug. 11 -- The Competition Commission of India (CCI) has reportedly sought additional information from a petitioner alleging anti-competitive practices by quick commerce players Zepto, Blinkit ... Read More


[Update] Zype Raises INR 90 Cr From Xponentia Capital

India, Aug. 9 -- Update| August 09, 02:00 PM Days after fintech startup Zype raised a funding of INR 90 Cr, which comprised INR 34 Cr as debt, its founder and chief executive Yogi Sadana today told I... Read More


Govt Extends PM E-Drive Scheme Till 2028

India, Aug. 9 -- The Ministry of Heavy Industries (MHI) has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme by two years. The deadline extension for th... Read More


IAMAI Flags Concerns Over DPDP Act Clause Impacting AI Model Training

India, Aug. 8 -- The Internet and Mobile Association of India (IAMAI), in a submission to the Ministry of Electronics and Information Technology (MeitY), has said that the ambiguities in the Digital P... Read More


Data, Traffic Accumulated By Starlink Will Be Locally Stored In India: Govt

India, Aug. 8 -- Minister of State for Communications Pemmasani Chandra Sekhar has said that the network data, traffic and other details accumulated by Elon Musk's Starlink satellite internet service ... Read More


OUTZIDR Bags INR 27 Cr From RTP Global, Stellaris

India, Aug. 7 -- Fast fashion brand OUTZIDR has secured INR 27 Cr (around $3 Mn) in a Pre-Series A funding round led by RTP Global, with participation from existing investor Stellaris Venture Partners... Read More


PharmEasy Founder Siddharth Shah Steps Down As Chief Executive Officer

India, Aug. 7 -- PharmEasy founder Siddharth Shah has stepped down as the chief executive officer of the company. He will assume the roles of director and vice chairman at PharmEasy's parent entity, A... Read More


Eternal Gets Tax Demand Order For FY22

India, Aug. 7 -- Food delivery and quick commerce company Eternal has received a tax demand and penalty order of INR 1.34 Cr for the financial year 2021-22. The company, which owns Zomato and Blinkit... Read More