Sheena
1407 stories by Sheena
Gold prices these days fall sharply, down ₹6,000 from record highs and silver plunges
Gold and silver charges fell sharply in Indian markets these days, monitoring softness in international rates. On MCX, December gold futures have been down 0.9% at ₹50,130 per 10 gram whilst silver futures declined 0.88% to ₹60,605 in line with kg. In the preceding session, gold charges had risen 0.
Indian corporations plan alliance towards US tech giants
India’s leading internet companies and startups from throughout sectors are coming collectively to shape an alliance with “Indian corporations only” as they tackle US tech giants like Google, which has confronted the heat from the nearby entrepreneurial environment over its latest billing policy. Th
Healthcare startup Acculi Labs has raised Rs 5 Cr in seed spherical
Bengaluru-primarily based health diagnostic business enterprise Acculi Labs on Monday introduced that it had raised Rs five crore (about $700,000) in a seed investment spherical from PirE Ventures, an funding company primarily based out of Mumbai. Started in May 2017, through Rupam Das, Acculi Labs
When billions in gold, cash had been shifted by a central bank
The Netherlands’ central bank transported its Dutch-primarily based inventory of gold — 14,000 bars and about 1,000 packing containers of gold coins. From its headquarters in Amsterdam to a secure withinside the close by town of Haarlem in a meticulously and carefully guarded operation that en
Wellthy Therapeutics Raised $4 Mn From Saama Capital To Enhance Product Suite
Mumbai-primarily based healthtech startup Wellthy Therapeutics has raised $four Mn in its Pre-Series A investment spherical from Saama Capital. As a part of this deal, Saama Capital has obtained a 16% stake withinside the corporation. Managing associate at Saama Capital Suresh Shanmugham may even be
Graduate Slintel has Raised $1.5 Mn Seed Funding
San Francisco-based SaaS startup Slintel has introduced that it has raised $1.five Mn in seed funding. The funding has reportedly been led with the aid of using Stellaris Ventures with participation from Accel Partners, Engage.social founder Anand Jagannathan and Helion Ventures’ senior dealing with
Bottr.me has raised an undisclosed amount of investment
Chatbot introduction tool Bottr.me has raised an undisclosed quantity of investment from 500 Startups; Purvi Capital; Rajan Anandan (Vice President, Southeast Asia and India, Google); and Abhishek Gupta from TLabs. The startup will use the newly raised price range for group growth and product develo
Zostel Turns A New Leaf In Investing- Turns To Customers For Funding
Zostel Hospitality Pvt Ltd which owns brands — finances resort chain Zo Rooms and backpackers’ hostel chain Zostel — has became to its clients to elevate INR 10 Cr investment at a pre-cash valuation of INR seventy five Cr. The organization has invited its buyers to show angel buyers and infuse every
Chiratae is looking for next spherical of early stage ventures
Chiratae Ventures, one of the top home-grown venture capital companies in the country, has released the latest version of its seed-stage initiative, Innovators Programme, because the generation-centered investor prepares to double down on its early-level funding activities. This is the 7th version o
Govt agrees to waive interest on interest on loans as much as Rs 2 crore during moratorium
The Centre on Friday informed the Supreme Court that it has determined to waive “interest on interest” on loans as much as Rs 2 crore throughout the six-month moratorium period, giving a massive relief to retail and MSME debtors. Those who’ve cleared their mortgage dues throughout
Flipkart to host ‘Big Billion Days’- starting from October 16-21
Walmart-owned Flipkart on Saturday stated it’ll host its annual ‘The Big Billion Days’ sale from October 16-21. The six-day occasion will recognition on handing over its promise of a huge variety of merchandise with fantastic cost propositions to current and new clients, even as su
GIC, TPG to make investments mixed Rs 7,350 crore in Reliance Retail
Reliance Industries Ltd (RIL) is about to elevate Rs 7,350 crore from investors — Singapore’s sovereign wealth fund GIC and Global opportunity asset company TPG — via way of means of promoting a stake withinside the group’s retail arm. Through separate offers, Reliance Indust
Warburg Pincus expands India BFSI basket with wager on Home First Finance
Warburg Pincus will make investments Rs seven hundred crore ($95.38 million) in Home First Finance Company India Ltd, as the US-primarily based private equity organization keeps to wager large on India’s monetary offerings sector. The PE organization’s funding will include a number one capital infus
The small Indianapolis startup has raised $2.8 million finding
Yaw Aning, named Malomo, the provider he released for small agencies to show their order-monitoring offerings into branded client studies, as a tribute to his mother, who changed into a small commercial enterprise proprietor herself. “Malomo” method vegetation in Swahili and it changed into the call
French fintech startup has raised $300 million in new investment
French fintech startup October has raised a few sparkling capital to spend money on small and medium corporations on its lending platform. Overall, the enterprise has gathered $300 million (€258 million) from diverse companions so as to be deployed over the following few years. This isn’t a co
In 2 years, this men’s shoes brand recorded Rs 1.7 Cr on-line income, goals for 4x growth
The first idea that possibly involves one’s thoughts while one hears the call of Churchill & Company is whether or not it’s far a British brand? Or whether or not it has any reference to former Prime Minister of Britain, Winston Churchill? But Churchill & Company is a brand that has it
This 16-year-old Mumbai student has developed solutions for odour-free footwear and homes
As a footballer in Mumbai, Aalya Vora confronted a big hassle all through the monsoons every year. As most of the practice sessions occurred all through the rain, her footwear by no means dried earlier than exercise the following day. This, coupled with the humidity the town reviews at some stage in
Flipkart has joined hands with Samsung for a brand new scheme.
Flipkart is partnering Samsung to release a brand new customer scheme referred to as Smart Upgrade Plan. The new plan will permit clients who move for Samsung smartphones to pay 70 in line with cent of the entire rate upon buying the device. The clients can use the cellphone for 365 days and after t
Redox Raised $33M in Series C Funding
Redox, a Madison, Wis.-primarily based organization that lets in healthcare carriers and software program vendors to share information digitally, closed a $33m Series C investment spherical. The spherical was led through worldwide funding company Battery Ventures with participation from present inve
Wing Venture Capital Closed $250M Venture Capital Fund
Wing Venture Capital, a Menlo Park, CA-primarily based task capital organization targeted on backing early-stage, companies building enterprise technology, has closed its $250m 2d fund. Wing Two was backed through sophisticated investors such as premier universities and private foundations. Founded
SpotHero Raised $50M in Series D Funding
SpotHero, a Chicago, IL-primarily based virtual parking organisation, raised $50 million in Series D investment. The round, which added SpotHero’s general investment thus far to $118m was led through Macquarie Capital, with participation from Union Grove Venture Partners and present traders Insight
Privacy Analytics Raised $3.5M in Funding
Privacy Analytics Inc., an Ottawa, Ontario, Canada-primarily based company of statistics anonymization solutions, raised $3.5m in funding. The spherical was led through Vanedge Capital, which joined the BDC IT Venture Fund and the Ontario Institute for Cancer Research (OICR) as number one investors.
Cogniac Raised $10M in Series B Financing
California-primarily based provider of enterprise-magnificence AI picture and video evaluation platform, raised $10M in Series B financing. Autotech Ventures led the spherical with participation from Vanedge Capital, Wing Venture Capital, Yellowstone Ventures, The George Kaiser Family Foundation/Ene
Ma’an launches its first virtual investment platform
Ma’an, a Ghadan21 accelerator programme initiative, has released its first virtual investment platform, Ma’an Contribution Platform, under its Social Investment Fund. The new platform ambitions to elevate capital from Abu Dhabi’s network to facilitate sustainable solutions in precedence regions whic
Mango Sciences secures funding from Spartech Ventures
UAE-primarily based totally Mango Sciences, a data science corporation targeted on rising markets, has secured funding from Spartech Ventures, a Dubai-primarily based venture capital firm. The funding comes as a part of Mango Sciences’ current investment round. The amount of the funding became undis
Miswag’s capital raised to over $1 million.
Iraq-primarily based e-commerce platform Miswag has closed its 2d spherical of seed funding. The spherical was led through Euphrates Iraq Fund and Shwan Ibrahim Taha, chairman of Rabee Securities, with participation from the identical consortium of institutional and man or woman buyers from the Midd
SaaS startup Infilect raised $1.5M in Pre-Series A round
SaaS-primarily based retail visible intelligence startup Infilect has raised $1.5 million in pre-collection A investment led through Mela Ventures and 1Crowd, with participation from The Chennai Angels (TCA). The corporation stated it’s going to use the investment to enhance its income and mar
Smallcase raises $14 Mn Series B spherical led by DSP Group
Investment startup Smallcase has secured $14 million ~ Rs ninety nine crore in its Series B investment spherical led with the aid of using DSP Group. Existing backers Sequoia Capital India, Blume Ventures, Beenext and WEH Ventures additionally participated withinside the spherical along side Arkam V
From a venture debt fund to a tech-driven monetary solutions firm – the journey of Trifecta Capital
After being a pure-play venture debt fund and running intently with massive and small startups for the beyond 5 years, Trifecta Capital realised startups wished assist in phrases of economic management, deployment, and handling coins flows. There turned into no customised, simple, and complete devic
Singapore’s Shiok Meats nets $12.6m series A money
Shiok Meats, a cell-primarily based meat corporation, nowadays introduced that it has raised US$12.6 million in a sequence A investment spherical led through sustainable aquaculture-centered funding fund Aqua-Spark. Seeds Capital, Japan’s Real Tech Fund, South Korea’s tech making an investment own c
As matters stand, Jet Airways has obtained bids from consortiums
The Committee of Creditors (CoC) of the bancrupt airline Jet Airways (India) Limited on Monday gave the airline’s bidders to give you a revised provide by 30 September, after preliminary bids had been deemed unsatisfactory, people with direct information of the problem informed Mint. “Negotiat
Re 1 invested in Adani Enterprises has yielded 800-instances return: Gautam Adani
A rupee invested in Adani Enterprises -and-a-half decades returned has given over 800-instances return, billionaire Gautam Adani stated as he noticed his infrastructure conglomerate evolve into an integrated ”platform of platforms”. Speaking on the JP Morgan India Summit – Future i
Venture Catalysts backs competitive exams-focussed ed-tech corporation 7Classes
Startup incubator and accelerator Venture Catalysts, one of the most lively early-level investors, has made its cutting-edge wager on 7Classes, a competitive exams-focussed education-technology platform. Mumbai-primarily based 7Classes was based by Anup Raaj, Arun Kumar Gupta, Ranjan Kumar Soni and
BigBasket in talks with Temasek for $100 Mn investment
Online grocery has became hyper-aggressive after the access of JioMart and the country’s 2nd and third biggest e-grocers BigBasket and Grofers were feeling the heat. To preserve their positions, the duo want to elevate huge investment rounds and BigBasket seems close to elevating a fresh spherical.
This female entrepreneur’s startup is shining the highlight on rural artisans and is ready to clock a sales of Rs 7 Cr
During her graduation ceremony at Coventry University in the UK, Kaveri Sachdev recollects a communication together along with her brother about beginning an ecommerce venture in India. Kaveri who was simply marking the cease of her bachelor’s diploma in Global Business become eyeing India’s interne
Agritech startup AgroWave raises $500K from US-primarily based investor
Gurugram-primarily based AgroWave has raised near to $500,000 in investment from US-based investor Sekhar Puli. Started in 2017 through Anu Meena (now 26), an IIT Delhi alumni, AgroWave is operating to construct sustainable supply chain for fruits and vegetables. AgroWave’s process includes or
Parliament permitted Rs 20,000 crore for PSB capital infusion
The Finance Ministry is probably to offer capital assist from the Rs 20,000 crore fund permitted by Parliament in lately concluded consultation to a few Public Sector Banks (PSBs) in the third region itself. Parliament accepted Rs 20,000 crore for PSB capital infusion as a part of the primary batch
Mfine approves shared buyback program; founders to get a partial exit
On-demand healthcare offerings startup Mfine has handed a unique decision approving the buyback of stocks to offer an exit to its investors, regulatory filings show. The buyback can be of 1,17,194 elegance A equity stocks and 53,077 Series A1 CCPS. Mfine’s co-founders Ashutosh Lawania and Prasad Kom
Unacademy received Rs 1,122 crore in a spherical led by SoftBank
Earlier this month, Unacademy obtained Rs 1,122 crore or $one hundred fifty million in a spherical led through SoftBank with participation from its current investors, turning it into a unicorn with a valuation north of $1.three billion. The Japanese investor has infused almost Rs 900 crore withinsid
Investment Tech Startup Smallcase invested INR 99 Cr In Series B
Investment tech startup Smallcase investment is elevating INR ninety nine Cr in a combination of fairness and preference stocks from a clutch of buyers as part of its Series B round. DSP Asset Management Firm, Sequoia’s SCI Investment V, Milestone Trusteeship Services, BEENEXT and Unitary Funds part
ClanConnect.ai raised Rs 5 crore led through Venture Catalysts
ClanConnect.ai, a platform that connects influencers to brands, has raised Rs five crore from investors led through Venture Catalysts along side a clutch of angels inclusive of Samrath Bedi, handling director of Forest Essentials; Sandeep Aggarwal, founder, Droom.in; Aakrit Vaish, co-founding father
Walmart-owned Flipkart has entered into e-pharmacy space.
It has partnered with Gurgaon-primarily based 1MG, whose app is now to be had on Flipkart’s Android app. This approach customers can order prescription medicines, book medical doctor consultations and lab checks inside Flipkart. The e-tailer’s access in e-pharmacy is already seeing opposition. The A
Banned Chinese apps re-input in new forms
Scores of latest Chinese apps have flooded Indian app stores in the previous few months together with numerous rebranded variations of programs banned by the authorities in latest months bringing up danger to national security. For instance, Snack Video, released by Tencent-backed Kuaishou, is just
Walmart invested $560 million in Flipkart
US retail Walmart has invested $560 million in Flipkart, as a part of its $1.2 billion spherical introduced in July, regulatory filings made in Singapore show. Walmart in July had introduced it was leading a $1.2 billion funding in Flipkart at a valuation of $24.nine billion, including that the fund
Pichai’s tone toward employees was more extreme than that of the company’s public-facing statements.
Alphabet and Google CEO Sundar Pichai despatched a stern caution to all employees Friday, pointing them to a new agreement among the company and shareholders who alleged it did not reply correctly to claims of sexual misconduct and harassment. The agreement consists of a $310 million commitment to f
Why Flipkart Wholesale’s enlargement focuses only on fashion
B2B e-commerce targeted on electronics, kirana and style verticals has been collecting significant interest for the past 3 years. After Udaan, Flipkart and Amazon are ramping up their bets withinside the segment. While Amazon provides substances to 20,000 kirana stores, Flipkart these days delivered
Kids’ style brand Hopscotch raises $25 Mn fresh spherical after 4 years
Online kids’ style brand Hopscotch has raised $25 million in what seems to be Series D spherical from Facebook co-founder Eduardo Saverin’s funding arm EE Capital, Lionrock Capital, Rise Capital, RPG Ventures and IIFL Seed Ventures Fund. The Mumbai and New York-primarily based startup had last raise
Disney+Hotstar records 6 Mn installs in first 5 days of IPL; guidelines Play Store’s top chart
Subscription-primarily based video-on-call for streaming platform Disney+Hotstar has been ruling Google Play Store’s chart considering that Indian Premier League 2020 started on September 19, records from intelligence platform Sensor Tower suggests. Disney+Hotstar was main the Play Store’s pinnacle
ShareChat closes $40 Mn pre-Series E spherical
Vernacular social media platform ShareChat has closed its $40 million pre-Series E spherical led by current investors Lightspeed India and SAIF Partners. Pawan Munjal, CEO and Chairman of Hero MotoCorp and Ajay Shridhar Shriram, Chairman, DCM Shriram are the 2 new investors who pumped in undisclosed
SEA funding heavyweights unveil new regional VC partnership
The newly unveiled Altara Ventures represents certainly considered one among the biggest homegrown VC partnerships in the region. The group consists of Tan Chow Boon, Credence Investment managing companion; Seow Kiat Wang, Credence Partners companion; Gavin Teo, former general companion at B Capital
Cameo Completed $50M Series B Funding Round
Cameo, a Chicago, IL-primarily based startup that connects enthusiasts directly with their favorite popular culture personalities, closed $50m Series B financing. The spherical was led through Kleiner Perkins with participation through The Chernin Group, Spark Ventures, Bain Capital and Series A lea
Playbuzz Raised $15M in Funding
Playbuzz, a NYC-primarily based platform for on-line content engagement and social distribution, raised $15m in funding. The spherical was led through Saban Ventures with participation from The Walt Disney Company (thru a completely owned subsidiary) and present buyers 83North, Carmel Ventures and F
Suuchi Received $8M Growth Investment from Edison Partners
Suuchi, a Princeton, NJ-primarily based supply chain platform company for fashion manufacturers and retailers, raised $8m in growth funding. Edison Partners made the investment. In conjunction with the funding, Kelly Ford, Partner, Edison Partners, joined Suuchi’s board of directors. The agency will
Laika Secured $10M in Series A Funding
Laika, a NYC-primarily based data security and compliance-as-a-service platform, raised $10m in equity financing. The spherical was led through Canapi Ventures with participation from current buyers Bain Capital, NYCA Partners, and Third Prime with participation founders, CEOs, and CTOs of Plaid, GL
Egyptian payments platform Kashier raised six-figure seed
Cairo-primarily based fintech Kashier has raised seed funding led through Glint Ventures, it introduced in a assertion to MENAbytes on Sunday. The startup did not expose the precise size of funding however has instructed MENAbytes that it is a six-figure (USD) deal. The spherical additionally includ
Next Insurance has raised $250 million in a Series D spherical.
Next Insurance, which targets to be the go-to insurance company for any small enterprise, has raised $250 million in a Series D spherical. The spherical, which values the company at more than $2 billion, was led through new investor CapitalG and current investor Munich RE. The purpose is for Palo Al
San Francisco-based startup raises a $16 million Series B
The San Francisco-primarily based startup raised a $16 million Series B spherical of funding to similarly increase its free social calendar and occasion discovery platform that brings people collectively over shared experiences. Goodwater Capital led the spherical with participation from Founders Fu
Iceye raises $87 million in Series C funding spherical
Radar satellite operator Iceye raised $87 million in a Series C spherical introduced Sept. 22, boosting the Finnish startup’s overall funding tally to $152 million. “We’re grateful to have closed a great round,” Mark Matossian, Iceye US CEO, told SpaceNews. “Now, we can stand on the accelerator.” Wi
Servify raised $23 million in series C spherical of funding
Mumbai-primarily based Servify has raised $23 million in its series C spherical of funding led by present investor Iron Pillar and a host of different investors. All the prevailing investors Blume, Beenext and Tetrao SPF participated in the spherical together with new investors who joined the cap ta
Melorra raised $12.5M from Symphony Asia, Lightbox Ventures, Alteria Capital, and others
Melorra, a Bengaluru-primarily based jewellery startup, on Wednesday introduced that it has raised $12.50 million in investment from Symphony Asia (one of Asia’s first private equity firms), Lightbox Ventures and Alteria Capital. Others who participated in the spherical covered current and new famil