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AUM Ventures Launches Rs.750 Cr Fund To Back Deeptech Startups

India, June 12 -- Early-stage focused venture capital (VC) firm AUM Ventures has launched its second fund, the India Innovation Fund II, with a target corpus of Rs.750 Cr ($80 Mn). With the Cat II AI... Read More


Honasa Eyes Rs.5,500 Cr Revenue For FY31

India, June 10 -- Honasa Consumer, the parent entity of BPC brands like Mamaearth, Aqualogica, and BBlunt, laid out its long-term vision to reach a consolidated revenue of Rs.5,500 Cr by FY31. In ess... Read More


EV Charging Startup Exponent Energy Nets Rs.200 Cr To Accelerate R&D

India, June 10 -- EV rapid-charging startup Exponent Energy has raised Rs.200 Cr ($21.1 Mn) in a funding round co-led by 360 ONE Asset and TDK Ventures, with additional participation from new investor... Read More


Zepto DRHP: A Look At Shareholding Pattern & Key Executives

India, June 9 -- Amid a dry spell for startup IPOs in India, quick commerce major Zepto filed its updated draft red herring prospectus (UDRHP) with the markets regulator SEBI yesterday. While the 690... Read More


Aye Finance To Raise $15 Mn In Debt Funding

India, June 8 -- Recently listed NBFC Aye Finance's WALCO (working committee of asset and liabilities committee of board of directors) has approved the offer and issuance of "senior, secured, rated, l... Read More


RBI Recognises Sahamati as SRO for Account Aggregator Ecosystem

India, June 5 -- The Reserve Bank of India (RBI) has recognised Sahamati Foundation as the Self-Regulatory Organisation (SRO) for India's account aggregator (AA) ecosystem. As an AA SRO, Sahamati wil... Read More


Fintech Startup WeRize Raises $7 Mn To Expand Product Offerings

India, June 4 -- Fintech platform WeRize has raised $7 Mn (about Rs.67.1 Cr) from in a pre-Series C funding round led by Sony Innovation Fund. Existing investor 3one4 Capital also participated in the ... Read More


Zerodha Rolls Out New Measures To Woo Investors Amid Intensifying Competition

India, June 4 -- Discount brokering major Zerodha has announced new measures to revive customer interest amid increased competition in the space. Starting June 1, the brokerage firm has eliminated ac... Read More


PhonePe-Owned Indus Appstore Cofounder Akash Dongre Steps Down

India, June 3 -- PhonePe-owned mobile app marketplace Indus Appstore's cofounder and CPO Akash Dongre has stepped down from his role. "After more than a decade of building, I'm taking time to pause, ... Read More


TRAI's Early Assessment Suggests That Airtel's Priority Postpaid Plan Doesn't Violate Net Neutrality: Report

India, June 2 -- About a month after Airtel's Priority Postpaid stirred debate over net neutrality, the Telecom Regulatory Authority of India (TRAI)'s preliminary assessment of the plan reportedly ind... Read More