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PayU Increases Stake In Mindgate To 70%

India, Sept. 18 -- Months after it acquired a 43% stake in Mindgate Solutions, digital payments major PayU has bought an additional 27% stake in the company. With this, PayU now owns a majority 70% st... Read More


Groww DRHP: Shareholding Pattern & Leadership Line-Up

India, Sept. 18 -- Just weeks before Groww filed its updated DRHP for IPO, the investment tech startup's four cofounders - Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal - sold shares worth a... Read More


FinBox Raises $40 Mn To Scale B2B Credit Infrastructure

India, Sept. 17 -- Bengaluru-based B2B fintech SaaS startup FinBox has raised $40 Mn (around INR 350 Cr) in its Series B round led by WestBridge Capital to launch new products and enhance its current ... Read More


Indkal Nets $20 Mn For Expansion Of Its Smart TV Brand Wobble

India, Sept. 16 -- A year after raising its maiden funding round of $36 Mn, consumer electronics and home appliances startup Indkal Technologies has secured $20 Mn (about INR 176 Cr) in a round led by... Read More


Zappfresh FY25: Profit Zooms 94% To INR 9 Cr, Top Line Jumps 45%

India, Sept. 15 -- D2C meat delivery company Zappfresh continued its profitability streak in the run up to filing its red herring prospectus (RHP). In the fiscal year FY25, Zappfresh's net profit soar... Read More


World Bank's IFC To Infuse $37 Mn In GreenCell Mobility

India, Sept. 13 -- International Finance Corporation (IFC), the private investment arm of the World Bank, has said that it is investing $37 Mn (INR 326.6 Cr) in Eversource Capital-backed shared electr... Read More


Purple Style Labs Gets Board Nod To Raise INR 750 Cr Via IPO

India, Sept. 11 -- Amid the ongoing startup IPO boom in India, premium house of brands Purple Style Labs (PSL) is preparing to launch its public listing bid soon. As per the startup's filings with th... Read More


Exclusive: WeHouse Nets INR 25 Cr To Streamline Home Construction

India, Sept. 11 -- Proptech startup WeHouse (formerly Hocomoco) has raised INR 25 Cr (around $2.8 Mn) in its Series A round in a mix of debt and equity. The round saw participation from existing back... Read More


[Update] Urban Company IPO: Issue Oversubscribed 9X On Day 2

India, Sept. 11 -- Update | September 11, 17:13 Urban Company's IPO continued to receive an overwhelming response on the second day of bidding, with the issue oversubscribed 9X at the end of the day.... Read More


Urban Company IPO: Issue Oversubscribed 4.8X On Day 2 So Far

India, Sept. 11 -- After a bumper start with 3.1X oversubscription on the first day, Urban Company's IPO continued to see strong interest on Day 2 as well. The public issue was oversubscribed 4.8X at ... Read More