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DevX Raises INR 63 Cr From Anchor Investors Ahead Of IPO

India, Sept. 9 -- Coworking space provider DevX (Dev Accelerator Ltd) has raised INR 63.2 Cr from anchor investors ahead of its initial public offering (IPO). The company allotted over 1 Cr equity sha... Read More


Minute Media Acquires Binny Bansal-Backed VideoVerse

India, Sept. 9 -- Binny Bansal-backed SaaS startup VideoVerse has been acquired by US-based digital media publisher Minute Media for an undisclosed amount. While the size of the acquisition wasn't rev... Read More


PhysicsWallah DRHP: A Look At Shareholding Pattern & Key Executives

India, Sept. 9 -- In the lead-up to its IPO, PhysicsWallah (PW) cofounders Alakh Pandey and Prateek Boob (also known as Prateek Maheshwari) lapped up INR 201.3 Cr apiece from secondary transactions. ... Read More


[Update] Ola Electric Responds To Auditor Flags, Says No Material Impact

India, Sept. 9 -- Update | September 9, 16:48 Responding to the auditor's report on weak internal financial controls at one of its subsidiaries, Ola Electric said in an exchange filing that the obser... Read More


[Update] Ola Electric's Responds To Auditor Flags, Says No Material Impact

India, Sept. 9 -- Update | September 9, 16:48 Responding to the auditor's report on weak internal financial controls at one of its subsidiaries, Ola Electric said in an exchange filing that the obser... Read More


UPI In August: BHIM Surpasses Amazon Pay, PhonePe Continues To Lead

India, Sept. 9 -- The National Payments Corporation of India's (NPCI's) Bharat Interface for Money (BHIM) app surpassed Amazon Pay in terms of UPI transactions in August this year. While BHIM processe... Read More


Jio Financial Services, Allianz Incorporate Reinsurance Subsidiary

India, Sept. 9 -- Update | September 9, 14:15 Over a month after entering into an agreement with German insurance major Allianz to form a joint venture for reinsurance business, Jio Financial Service... Read More


Exclusive: Licious Shuts Plant-Based Meat Platform UnCrave To Focus On Profitability

India, Sept. 9 -- D2C meat and seafood platform Licious has quietly shut its plant-based meat platform UnCrave, sources told Inc42. The startup began winding down UnCrave's operations gradually last ... Read More


Porter To Raise Additional $100 Mn In Extended Series F Round: Report

India, Sept. 9 -- Months after it entered the unicorn club, logistics giant Porter is reportedly in advanced stages of raising an additional $100 Mn to $110 Mn in its extended Series F funding round. ... Read More


Centre Mulls $20 Bn Incentives For Semiconductor Mission 2.0

India, Sept. 9 -- To give a further thrust to the country's growing semiconductor ecosystem, the Centre is mulling a $20 Bn (INR 1.7 Lakh Cr) package for the India Semiconductor Mission (ISM) 2.0. Th... Read More