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TREND | 19 Jun 2024, 09:03PM

GVFL's Prarambh Seed Fund Hits Rs 100 Crore First Close Milestone

NDTV Profit

The Ahmedabad-based firm said it aims to deploy funds in 25-30 promising technology startups in B2B SaaS, SaaS, health tech, agritech, climate tech, and deep tech.

Startups

TREND | 19 Jun 2024, 09:02PM

JM Financial Private Equity Invests Rs 40 Crore In Modish Tractoraurkisan

NDTV Profit

Modish Tractoraurkisan manufactures agri machines and tools under the brand Balwaan Krishi.

Startups

TREND | 18 Jun 2024

Quick commerce expands to electronics: Smartphones to be delivered in mins

Business Standard

Swiggy Instamart, Zomato's Blinkit, BigBasket's BBNow, and Zepto may begin delivering smartphones and kitchen appliances by November this year

Startups

TREND | 16 Jun 2024

Zomato in advanced talks to acquire Paytm's movie ticketing and events business for Rs 1,500 crore: Report

Business Today

If finalised, this acquisition would mark Zomato's second-largest purchase, following its acquisition of quick commerce platform Blinkit (formerly Grofers). Zomato had initially acquired Blinkit, previously known as Grofers, in a 2022 deal valued at Rs 4,447 crore.

Startups

TREND | 13 Jun 2024

Practo achieves profitability in FY24, turns EBITDA positive

Business Today

The digital healthcare company recorded a 90% improvement in EBITDA compared to FY23 and a 22% growth in revenue; the company's top priority in FY25 is to grow profitably and build innovative products that continue to improve health outcomes.

Startups

TREND | 12 Jun 2024

Fintech Firm Recur Club To Deploy Rs 3,000 Crore Debt Funding For Startups, MSMEs In FY25

NDTV Profit

The company has been offering a fast debt facility for small-scale startups with revenue of over Rs 5 crore, vintage of at least 1 year, and a runway of 3 months through its Recur Swift facility.

Startups

TREND | 12 Jun 2024

Skincare startup Foxtale raises $18 mn in funding for category expansion

Business Standard

D2C skincare brand Foxtale on Wednesday said it has raised USD 18 million (about Rs 150 crore) in a funding round led by Singapore-based Panthera Growth Partners and plans to deploy the fresh capital towards category expansion and top-level hiring. The Series B funding round also saw participation from the company's returning investors Matrix Partners India and Kae Capital. Founded by Romita Mazumdar, the Mumbai-based startup commenced operations in January 2022 and has a vast customer base spanning over 100 Indian cities. "The fresh round of funds will be deployed towards expanding our digital footprint and introducing newer categories in our portfolio of products. Apart from category expansion, we are also looking to hire some C-suite executives into the team," Mazumdar told PTI. The young entrepreneur further mentioned that Foxtale is a digital-first business, with 90 per cent of its revenue driven digitally. Foxtale's gross revenue for FY24 stood at Rs 175 crore. For FY25, t

Startups

TREND | 11 Jun 2024

Battery Smart raises $65 million Series B round led by LeapFrog Investments

Business Line

Battery Smart raises $65 mn in funding round led by LeapFrog Investments

Business Standard | 11 Jun 2024

Startups

TREND | 11 Jun 2024

Holani Group raises 184 Crores for SME Focused Fund

Business Line

Holani Venture Capital Fund to capitalize on investment opportunities within the SME sector.

Startups

TREND | 07 Jun 2024

Domestic Startups That Moved Abroad Returning Due to Economic Growth: Commerce Ministry

NDTV Profit

India's economy grew by 8.2 per cent in the fiscal year that ended in March 2024, cementing the country's position as the fastest-growing major economy in the world.