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Need For Speed: Quick Commerce-Led Boom Fuels 60% Revenue Growth For EV Startup Battery Smart

India, June 5 -- On a typical day in any Indian metro, you can't help being witness to the startling acrobatics of uniformed bikers snaking through the maze of traffic. Orange, red, violet, yellow - t... Read More


Flipkart Becomes India's 1st Ecommerce Company To Bag NBFC Licence

India, June 5 -- Ecommerce giant Flipkart has secured a non-banking financial company (NBFC) licence from the Reserve Bank of India (RBI). It will now be able to offer loans directly to consumers and ... Read More


Flipkart Gets RBI Nod For Direct Lending In India: Report

India, June 5 -- Ecommerce giant Flipkart has reportedly secured non-bank finance company (NBFC) licence from the Reserve Bank of India to offer loans directly to consumers and sellers on its platform... Read More


Groww To Raise $202 Mn From GIC, ICONIQ Ahead Of IPO

India, June 5 -- IPO-bound fintech unicorn Groww is on course to raise $202.3 Mn (around INR 1,735 Cr) in a Series F funding round from investors like GIC and ICONIQ Capital. The startup's board will... Read More


Artha India Ventures Mops Up 61% Returns From Its Maiden Fund

India, June 5 -- Ashokkumar Damani's family office Artha India Ventures (AIV) has claimed that its micro VC arm Artha Venture Fund-I (AVF-I) has generated a 61% internal rate of return (IRR) at close.... Read More


NCLAT Judicial Member Recuses Himself From BYJU'S-AWS Case: Report

India, June 5 -- Justice Sharad Kumar Sharma, the judicial member of the Chennai bench of the National Company Law Appellate Tribunal (NCLAT), has recused himself from the BYJU'S-Amazon Web Services (... Read More


Feminine Hygiene Startup Plush Nets INR 40 Cr

India, June 5 -- Feminine hygiene D2C startup Plush has raised INR 40 Cr (around $4.6 Mn) in its Series B funding round led by Premji Invest's former senior partner Rahul Garg. The round saw particip... Read More


Zaggle To Buy Spend Management Startup Dice Enterprises For INR 123 Cr

India, June 5 -- Fintech major Zaggle is set to acquire Pune-based enterprise spend management startup Dice Enterprises Limited for INR 123 Cr (about $14.3 Mn). Zaggle said that the acquisition will ... Read More


Singapore HC Rejects WazirX Restructuring Plan

India, June 5 -- WazirX took a major hit after the Singapore High Court rejected a proposed restructuring plan submitted by its parent entity Zettai Pte Ltd. The company submitted the plan in Novembe... Read More


LoanTap Bags INR 74 Cr To Bolster Supply Chain Financing

India, June 5 -- Pune-based fintech startup LoanTap has raised Pre-Series C funding of INR 74 Cr (around $8.6 Mn) in a mix of equity and debt infusion. The company raised INR 54 Cr (around $6.3 Mn) i... Read More