Sheena
1407 stories by Sheena
MFs made fresh access into 15 shares, inclusive of 6 IPOs, and exited 7 in September
Mutual fund homes remained internet dealers in equities for the fourth consecutive month in September however heavy outflow visible in equity and equity-orientated schemes in July and August substantially bogged down at some stage in the month gone through, Association of Mutual Funds in India (AMFI
Zomato and Swiggy say they’ve rolled out projects to support restaurants
The impasse over commissions among the hotel & eating place affiliation FHRAI and meals aggregators Zomato and Swiggy suggests no symptoms and symptoms of easing. While eating places have asked the meals-shipping offerings to lessen commissions, the latter declare that they have got been assisti
MNS threatened to release an agitation in opposition to Amazon and Flipkart for not including Marathi as a preferred language in their Apps
In a huge development, MNS threatened to release an agitation in opposition to Amazon and Flipkart for the non-inclusion of Marathi as a desired language of their Apps. While clients in India can get admission to Amazon offerings in English, Hindi, Tamil, Telugu, Kannada and Malayalam, Flipkart is t
Zomato occupied $52 Mn from Kora Investments
Foodtech fundamental Zomato has raised $fifty two million or Rs 380 crore in a brand new financing tranche from Kora Investments. This is the 1/3 tranche of Series J spherical that started out in September with a $sixty two million infusion from Temasek. With the sparkling proceeds, the Gurugram-bas
Guwahati-primarily based Aromica Tea promotes health thru organic and herbal tea blends
Chinese logician Lao Tzu famously said: “Tea is the elixir of life.” Indian chai enthusiasts appear to stay through this adage. No surprise India, the second biggest producer of tea in the world, is likewise the world’s biggest customer of the beverage. According to a record through Eon Market Resea
Realty region attracted PE funding worth $2,308 million in January-September 2020 duration
The real estate region in India attracted private equity investments of $2,308 million, across eleven offers during the length between January 1, 2020, and September 30, 2020. Of the entire investments, workplace section attracted the most important percentage of $1,871 million, claiming eighty one
Swiggy: Self-made Entrepreneurs Sriharsha From Vijayawada has become one of the richest man
34 yr old Sriharsha Majety from Vijayawada has been blanketed in IIFL Wealth Hurun India forty & Under Self-Made Rich List 2020. With wealth worth Rs 1400 crore, Sriharsha is one of the founders of Swiggy, the meals shipping chain and he additionally owns Bundl Technologies. Sriharsha Majety was
Before Big Billion Days, Flipkart joined hands with SBI and Paytm for offers
Walmart-owned Flipkart on Wednesday stated it’ll provide credit options thru 17 banks, NBFCs and fintech players a good way to drive credit accessibility for clients in the course of the approaching festive season. The e-commerce company has partnered with State Bank of India and with SBI Card
Ecom Express in talks to elevate $40 Mn spherical led through Investcorp
Digital trade focused logistics and warehousing corporation Ecom Express is in superior talks to elevate up to $forty million in a sparkling spherical, stated 3 human beings privy to the discussions. Alternative asset control corporation Investcorp is anticipated to steer the spherical whilst presen
Fleetx.io startup has raised $3.1M in pre-Series B spherical
Fleetx.io, a Gurugram-primarily based intelligent running system to optimise fleet and logistics operations, on Wednesday introduced that it had raised $3.1 million in pre-Series B investment from current investors, inclusive of Singapore-primarily based Beenext and India Quotient. Founded in 2017 t
Latin American commerce platform Nuvemshop raises $30 million in Series C funding
Latin American commerce platform Nuvemshop raised $30 million in Series C investment to assist small and medium-sized companies broaden and sell their personal on-line presence. With places of work in São Paulo and in Buenos Aires, wherein it is called Tiendanube, Nuvemshop gives a set of gear aroun
Cyberpion raised $8.25 million seed round led by Team8 Capital and Hyperwise Venture
Hijacking a organization’s DNS or injecting code into third-party tools are the sort of attacks that many groups aren’t ready to handle. Cyberpion, a brand new safety startup based via way of means of some of skilled safety experts, objectives to assist organizations discover and neutralize those va
Foodtech startup together with D2C brand Anveshan raised Rs 1.12 Cr from Titan Capital
Bengaluru-primarily based foodtech startup Anveshan has raised Rs 1.12 crore withinside the pre-seed investment spherical led through Titan Capital to recognition on increasing its deliver chain and operations throughout India. “We are capable of see Anveshan fixing exceptional and agree with
Tread receive $1.1 million maiden investment spherical from prominent startup founders
Prominent startup founders like Gaurav Munjal of Unacademy, Cred founder Kunal Shah, Citrus cofounders Amrish Rau and Jitendra Gupta in conjunction with others have participated in a $1.1 million maiden investment spherical in health startup Tread, the business enterprise stated in a press note toda
Bangalore-headquartered Razorpay, raised $100 million in a new financing round
Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has validated extended increase in latest years, has joined the coveted unicorn membership after raising $a hundred million in a brand new financing spherical, the bills processing startup stated on Monday. The new
Plus Venture Capital’s first fund is double the first fund (500 Falcons) led through Sharif and Hasan for 500 Startups.
Sharif El-Badawi and Hasan Haider, the previous dealing with companions of 500 Startups’ MENA fund (500 Falcons) have introduced the launch of their new task capital firm ‘Plus Venture Capital’ and its debut fund. Plus Venture Capital’s (+VC) debut fund has a goal length of $60 million, Sharif and H
Walmart and Flipkart invested $30 Mn in Ninjacart
Ramping up their stakes in enterprise-to-enterprise (B2B) deliver chain infrastructure company Ninjacart, Walmart and Flipkart have invested greater capital withinside the Bengaluru-primarily based totally enterprise. This will be the 2nd infusion from Walmart-Flipkart in Ninjacart. In August ultima
NotJustLex gives live learning sessions and certificates courses in corporate law to students
Abhishek Sinha has been a company lawyer for almost 15 years with stints at a number of India’s pinnacle regulation corporations, inclusive of Khaitan & Co, Shardul Amarchand Mangaldas & Co, and AZB & Partners. His remaining position as Partner at Khaitan & Co lay on the intersection
AC Ventures raised $80 million for Indonesian Startups
As one of the world’s most populated countries, with a fast-developing internet economy, Indonesia gives masses of possibility for startups. AC Ventures desires to faucet into that with its $eighty million ACV Capital III L.P. fund. The organization introduced the primary near of the fund today, wit
Robotics startup Miko raised Rs 23 Cr in pre-series B spherical led through Stride Ventures
Robotics startup Miko, based through IIT Bombay graduates Sneh R Vaswani, Prashant Iyengar, and Chintan Raikar, in conjunction with worldwide specialists in engineering, mathematics, design, and schooling has raised Rs 23 crore in pre-collection B investment led with the aid of using Stride Ventures
Clix Group raised funds to combine with Lakshmi Vilas Bank; SBI, BOI, and more
The Clix Group, which plans to merge with Lakshmi Vilas Bank, has been on a fund elevating spree withinside the previous few months. The Clix Group has additionally transformed its housing arm from a non-public restricted to a restricted, opening up more investment options . The Clix Capital Service
Trial: India’s first hydrogen fuel cell car effectively performed through CSIR, KPIT
The Council of Scientific and Industrial Research (CSIR) and KPIT correctly ran trials of India’s first Hydrogen Fuel Cell (HFC) prototype automobile running on an indigenously evolved gasoline cell stack at CSIR-National Chemical Laboratory, Pune. The gasoline cell is a low temperature PEM (Proton
PE fund Rabo Equity sold 21.7% stake in Vacmet
Rabo Equity Advisors, the meals and agriculture-focused private fairness fund, has bought its 21.7 per cent stake in Vacmet returned to its promoters, making round 2.five instances returns on its funding. Almost a decade after the fund invested Rs 50 crore in the agency, it has exited via buyback fr
NowPay has raised $2.1 million in a seed spherical co-led through Foundation Ventures and others
Cairo-primarily based fintech NowPay has raised $2.1 million in a seed spherical co-led through Foundation Ventures and Endure Capital, with the participation of traders from the United States, United Arab Emirates, China, and Egypt, it introduced in a declaration to MENAbytes today. Beco Capital, 5
Future-RIL deal: Amazon’s arbitration proceedings towards Future Group may begin in Nov
Arbitration proceedings among Amazon and Future Group for its address Reliance Industries is predicted to begin in November. The court cases in Singapore may want to move on for at least 9-12 months. Amazon has despatched intimation notices alleging Future Group’s compliance problem to Singapo
Soil testing startup Krishitantra has secured $1m seed capital from Omnivore
Sandeep Kondaji didn’t have a lot of experience in farming while he determined to get into soil checking out. But six months operating on his uncle’s farm turned into sufficiently frustrating for him to determine that farmers wanted better tools to keep the health of their fields. Now, after 3 years
This festive season Flipkart is seeking out students who can work as interns.
Flipkart is searching for students who can paintings in its deliver and logistics chain as interns for 45-days because the employer ramps up its operations for the imminent festive season sale. This is a paid internship possibility from Flipkart with interns being paid round Rs 500 in line with day,
Snapdeal also declared ‘Kum Mein Dum’ Diwali sale starting from October 16
Amazon’s Great Indian Festival sale and Flipkart’s Big Billion Days sale are set to kick off on October 17 and October sixteen, respectively. However, those are not the handiest income kicking off subsequent week. Snapdeal has additionally introduced the ‘Kum Mein Dum’ sale,
NirogStreet has raised $2M in Pre-Series A round
NirogStreet, a Gurugram-primarily based technology-led Ayurveda platform, has raised $2 million in Pre-Series A investment led through Wavemaker Partners and Amand Ventures. Existing investor Spiral Ventures has additionally participated on this round. The startup will utilise the capital for deeper
Myntra has acquired a fresh capital infusion of US$103 million from its Singapore-primarily based parent firm
“Flipkart-owned fashion store Myntra has acquired a fresh capital infusion of US$103 million from its Singapore-primarily based discern entity – FK Myntra Holdings – ahead of its seven-day-lengthy festive sale,” ET Tech reported. FK Myntra Holdings and Singapore-primarily based QuickRoutes Internati
Legaltech startup MikeLegal raised seed spherical from SOSV, Artesian
Gurugram-primarily based legaltech startup MikeLegal on Friday introduced that it had raised an undisclosed seed spherical from US-headquartered mission capital company SOSV and Australia-primarily based totally VC company Artesian. Tushar Bhargava, Co-founding father of MikeLegal, stated, “MikeLega
The World Bank has stated India’s GDP is anticipated to further contract by 9.6%
The World Bank has stated India’s GDP is anticipated to in addition contract by 9.6% this economic as a reflection of the economic slump the country has suffered because of the countrywide lockdown induced through the coronavirus pandemic. The World Bank on Thursday stated that the national lockdown
Treebo Hotels raises $6 million in funding led through present investors
Budget hospitality chain Treebo Hotels has raised $6 million (about Rs forty four crore) in a brand new financing spherical, led through its present set of investors – Matrix Partners India, SAIF Partners, Ward Ferry Management and Bertelsmann India, the Bengaluru-primarily based corporation s
Kunal Shah’s Cred in talks to elevate funds, also aiming a valuation of $800 million
Credit card compensation startup and 2nd task of Freecharge co-founder Kunal Shah, Cred, is in talks to elevate nearly $one hundred million at a valuation ranging between $seven hundred million and $800 million, 3 people aware of the matter instructed Moneycontrol, inquiring for anonymity. At least
Java Capital leads seed investment for psychometrics-primarily based hiring platform PakkaProfile
PakkaProfile Psychometrics Pvt Ltd, which operates a game-primarily based gig workforce recruitment and evaluation platform, has raised investment in a seed spherical led through early-stage funding syndicate Java Capital. Bengaluru-primarily based Java was installation through former Kalaari Capita
SaaS startup Omnify raised Pre-Series A spherical by angel investors throughout India, the US
Omnify, a San Fransisco-primarily based service, ecommerce, and control startup, on Thursday introduced the near of its Pre-Series A investment spherical. The spherical was led through AngelList Syndicate and Sequoia Scout, with participation from marquee angel buyers. Which includes Ramakant Sharma
Vedantu in talks with KKR and existing investors to elevate $100 Mn
Amid heightened demand, education technology startup Vedantu is in talks to elevate a brand new spherical of investment. The on-line tutoring organization is in talks with KKR along with present buyers Tiger Global and GGV Capital to elevate $100 million, say people acquainted with the matter. The t
Last month, the lender’s executive S Sundar and 6 different administrators have been voted out through shareholders.
Lakshmi Vilas Bank today stated it has acquired an indicative non-binding provide from Clix Group. The suffering private sector bank is desperately searching out capital and is in talks with the Clix Group for a merger. “Further to the manner of thinking about and comparing the proposed amalga
Lanturn has raised a $3 million seed spherical led through East Ventures and CoCoon Ignite Ventures
Running a small to medium-sized enterprise means a small staff desires to juggle a plethora of tasks, like bookkeeping, tax statistics and regulatory filings. Singaporean startup Lanturn streamlines their workload with a aggregate of company offerings and an inner platform that allows automate admin
IKEA is going to bring small store formats to Mumbai in FY 2021
Furniture store IKEA will bring its deliberate small format stores to the metropolis of Mumbai and boost up its omni-channel approach here in the county in FY21, as call for for home furniture and furnishings remains robust, the store stated in a assertion on Tuesday. “We sit up for a sturdy and nic
Game-primarily based gig workforce assessment and recruitment startup PakkaProfile raised seed spherical led through Java Capital
PakkaProfile, a game-primarily based assessment and recruitment platform for gig staff, has raised seed spherical led through Java Capital. The spherical additionally noticed participation from LetsVenture and Akshay Kothari, COO, Notion. The startup had formerly raised pre-seed investment from Entr
Rental space startup Livve raised $1.5M in seed spherical from angel investors
Kochi-primarily based startup Livve has raised $1.five million in seed investment from undisclosed angel investors. The rental space company stated it’ll use the budget to locate excellent furnished houses and join tenants and landlords on a common platform. Livve additionally stated it will b
YC Grad DigitalBrain Raised $3.4 funds: Round Led By Moxxie Ventures And More..
Most startup founders have a hard road to their first spherical of funding, however the founders of Digital Brain had it a bit harder than most. The younger founders survived by getting into and triumphing hackathons to pay their lease and placed food on the table. One of the thoughts they got here
Unqork has raised $207 million in a Series C led through BlackRock
This week, Unqork, a startup that allows different corporations build business apps with a no-code platform, raised a $207 million Series C. The new capital valued the corporation at around $2 billion. Even given how a great deal interest 2020 has delivered to no-code startups and their low-code rel
Chiratae invested Rs 23.5 Cr in Patna-primarily based agritech startup Ergos
Agritech startups have had an awesome run in 2020 with 1/2 of a dozen agencies along with Clover, Arya, DeHaat, Kamatan Farm and Bijak elevating near $70 million in overall investment. Patna-primarily based totally Ergos had introduced an funding of Rs 35 crore in its Series A spherical from Avishka
Elon Musk has raced to be one of the richest people in the world.
Tesla’s upcoming quarterly file could put another $three billion in Chief Executive Elon Musk’s pocket. The electric powered automobile maker on Tuesday noticed the six-month common of its inventory marketplace fee hit $250 billion, a milestone closer to triggering the fourth of 12 tranc
Greycroft is raising funds up to $15 million
Greycroft, the New York and L.A.-primarily venture organization founded in 2006 through buyers Alan Patricof, Dana Settle, and Ian Sigalow, has closed on new price range totaling $678 million in capital commitments. One of these price range is its 6th flagship early-degree fund and it closed with $3
Prime Venture Partners lead Rs 14-crore spherical in edtech startup Winuall
Online schooling platform Winuall has raised Rs 14.7 crore from Prime Venture Partners, Beenext, Ramakant Sharma, the founding father of LivSpace, at the side of a grasp of angel buyers in the brand new investment spherical. Winuall works with small institutes and education centres to digitise the l
Walnut has Raised $2.5M in Seed Funding
Walnut, a San Francisco, CA-primarily based new platform that empowers customer-going through sales representatives to create, customise, and control the income demo experience, closed its $2.5m seed funding. The spherical changed into led through NFX, with participation from Avishay Abrahami, CEO a
Cooler Screens raised more than $100 million in funding
Cooler Screens, which makes use of interactive virtual displays to update the glass doors in shop cooler aisles, is saying that it has raised more than $eighty million in Series C funding. The startup has now raised more than $a hundred million in funding. The modern day spherical comes from Verizon
Nitin Gupta led Uni scores $18.5 Mn seed funding: valuation nears $40 Mn
Fintech startup Uni has scooped up $18.five million or Rs 137 crore in its maiden investment spherical led through Lightspeed Ventures India and Accel Partners India. In August, Entrackr had completely mentioned that the yet-to-be-released startup became in superior conversations to elevate $18-20 m
Flipkart bringing 6 Nokia TVs into its Big Billion Days sale, begins from Rs 12,999
Flipkart has introduced six Nokia Smart TVs beforehand of the Big Billion Shopping Days. The Nokia Smart TVs consist of a 32-inch TV, 43-inch TV, a 50-inch TV, 55-inch, and a 65-inch TV. The TVs had been made in India and may be to be had for the duration of the ‘The Big Billion Days […]
FirstCry has surpassed a special decision to buy back 13,09,860 equity stocks
FirstCry is one of the vertical e-commerce businesses that not only survive however thrive as well. The employer that attained the coveted unicorn reputation with a $three hundred million infusion from SoftBank in advance this 12 months is one of the handful of unicorns in the customer internet spac
CEO Aditya Puri to HDFC Bank employees, your jobs are secure..
HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has confident personnel of the country’s biggest non-public area lender that their jobs and bonuses are secure. Even because the COVID-19 pandemic rages on, Puri, who retires later this month, stated the financial institution
Centre Collaborates With Swiggy To Take Street Food Vendors Online
People in Delhi, Ahmedabad, Chennai, Indore and Varanasi will quickly be capable of have meals from road providers introduced at their doorsteps because the Centre has joined arms with meals aggregator Swiggy to take those small corporations on-line. According to the Union Housing and Urban Affairs
JioMart gets prepared for its festive sale debut amidst hard opposition from Amazon and Flipkart
Mukesh Ambani’s JioMart has many stuff in its favour – billions of funding, technological prowess subsidized through Facebook and Google, and Reliance’s already present attain throughout 6,700 towns in India. But at some point of this festive season, the slightly one-yr-vintage JioMart will try and
Gurugram-primarily based startup enables entrepreneurs grasp the art of pitching to investors
A a success pitch to traders to elevate investment and demo days have turn out to be crucial factors of starting off and entrepreneurship. In 2016, Priyanka Madnani became additionally suffering to make effective pitches for her first startup, Cheapest and Nearest, a platform that gives over 2,500 o
Agritech startup Unnati has raised $1.7M in Pre-Series A
Noida-primarily based agritech startup Unnati on Monday stated it raised $1.7 million in Pre-Series A spherical from NABVENTURES — NABARD’s agriculture-focused mission fund. Angel investor Sumeet Seraf additionally participated in the spherical and recommended the startup at the deal transaction. Fo
Byju’s creates extra ESOP pool worth more than Rs 1,500 Cr
Byju’s has had a notable run this year. It’s the most effective consumer internet company to elevate over $1 billion together with Flipkart in 2020. The corporation’s valuation additionally shot up to $11.1 billion in September from $8 billion in January. This stellar overall performance appears to
Google need to be regulated by Indian legal guidelines in the country, Paytm’s Vijay Shekhar Sharma.
Even because the Centre continues silence at the startup woes over Google, virtual payments company Paytm founder Vijay Shekhar Sharma stated the authorities desires to regulate the search major in the country. Many startup founders inclusive of Paytm’s Sharma were in discussions over the last week