A Successful Series E Round for Country Delight with $20 Mn Raise
Country Delight, a direct-to-consumer dairy brand, has raised $108 million in its Series E round of funding led by Venturi Partners and Temasek, valuing the company at $615 million. The round also saw participation from SWC Global and Trifecta Capital along with existing investors, IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners. […]
DRHP Filing by Unicommerce ESolutions: A New Chapter in E-Commerce SaaS
Unicommerce ESolutions, a leading e-commerce enablement SaaS platform for businesses, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on January 6, 2024. The company plans to raise INR 1,500 crore through an initial public offering (IPO) of equity shares. About Unicommerce ESolutions Unicommerce ESolutions was founded […]
Co-living Startup Settl Secures Rs 10 Crore Investment from Gruhas and Others
Settl, a premium co-living startup, has raised Rs 10 crore in a pre-series A round led by Gruhas, a venture capital fund backed by Zerodha’s Nikhil Kamath and Abhijeet Pai of Puzzolana Group. The round also saw participation from other investors such as We Founder Circle, Anthill Ventures, Inflection Point Ventures, Ah! ventures, Nila Spaces […]
India’s Path to Becoming a Global Gaming Nation: A Decade-Long Prediction by Nitish Mittersain
India is on the brink of becoming a global gaming powerhouse, a transformation predicted by Nitish Mittersain, the joint MD and CEO of Nazara Technologies. The country’s gaming industry is evolving rapidly, driven by a combination of technological advancements, increasing adoption among consumers, and the burgeoning demand for mobile gaming. As of now, India boasts […]
Policy Push: India’s PLI Greenlights Growth for Ola Electric, Boosting Domestic EV Manufacturing
la Electric’s recent achievement in obtaining the Production Linked Incentive (PLI) certification marks a significant milestone in the Indian electric vehicle (EV) industry. This recognition places Ola Electric at the forefront of the nation’s push towards sustainable and innovative transportation solutions. The PLI scheme, introduced in 2021 by the Indian government, aims to boost domestic […]
New E-commerce Startup Alert! Binny Bansal’s “OppDoor” Focuses on Global Expansion Services
Binny Bansal, the co-founder of Flipkart, has launched a new venture named ‘OppDoor’, a platform designed to assist e-commerce companies in expanding their operations globally. This venture represents Bansal’s re-entry into the e-commerce space following his exit from Flipkart. OppDoor, previously known as Three State Ventures Pte Ltd, is registered in Singapore and was founded […]
Ordering In Gets More Expensive: ₹4 Zomato Platform Fee Adds Extra Bite to Bills
In a significant move, Zomato, a leading online food delivery platform, has announced an increase in its platform fee, raising it to ₹4 per order across key markets. This change, effective from January 1, 2024, represents a 33% hike from the previous fee of ₹3. The decision follows a series of fee adjustments that began […]
Innovation on the Road: inDrive Brings First-of-Its-Kind Insurance to Rideshare Passengers
In a recent development, inDrive, the ride-hailing platform, has announced its plans to provide insurance for commuters during their rides. This move is part of the company’s broader initiative to enhance the safety and security of its services. Launched in India in 2019, inDrive has established a strong presence in major metropolitan cities like Kolkata, […]
Snapdeal Sheds Losses, Embraces Profitability with Rs 388 Crore Revenue in FY23
New Delhi: Snapdeal, a prominent player in the e-commerce sector in India, has reported a substantial improvement in its financial performance for the fiscal year 2023 (FY23). The Gurugram-based company, known for its unique approach in the e-commerce space, has managed to significantly reduce its losses while maintaining a steady revenue flow. Key Financial Highlights […]
From Seed to Success: Nephrocare’s Rs 8 Crore Funding Sprouts Growth, Strengthening Dialysis Infrastructure
Nephrocare India, a Kolkata-based kidney care provider, has recently achieved a significant milestone by securing Rs 8.08 crore in a pre-initial public offering (IPO) funding round. This investment was led by notable figures such as Deepak Parekh, the former chairman of HDFC; Bharat Shah, chairman of HDFC Securities; and Rajendra Agarwal, the founder and managing […]