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    Emotix Raises INR 50 Mn Led By IvyCap To Fuel Expansion

    The Mumbai-based robotics company has raised INR 50 Cr led by investment firm IvyCap Ventures The funding round saw participation from existing investors Chiratae Ventures, YourNest and angel investors The company aims to use the capital to fund product development and build global alliances Emotix Raises INR 50 Mn Led By IvyCap To Fuel Expansion Mumbai-based robotics company Emotix has...

    • 7 hrs ago
  • News

    D2C Flip-Flop Brand Solethreads Raises INR 13 Cr In Series A Round

    Solethreads announced the completion of its INR 13 Cr Series A round of funding The Gurugram-based company has adopted an omnichannel go-to-market strategy India's footwear production accounts for approximately 9% of the global annual production D2C Flip-Flop Brand Solethreads Raises INR 13 Cr In Series A Round Open footwear brand Solethreads has announced the completion...

    • 7 hrs ago
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    Bharti Airtel Pulls A Jio; Rejigs Business To Focus On Digital Services

    Airtel has merged all its digital business with the parent company Bharti Airtel under the new corporate structure Though Airtel Payments Bank is a digital asset, it will continue to remain a separate entity Reliance had carried out such restructuring by creating Jio Platforms for all its digital businesses in 2019 Following the footsteps of rival Reliance Jio, Indian...

    • 8 hrs ago
  • News

    B2B Ecommerce Platform Beldara Raises $7.4 Mn From Hindustan Media

    The Mumbai-based startup will use the funds to enhance brand awareness and for its new venture in agro B2B products, 'Farm 2 Globe' Founded in 2014 by Pradeep Khandekar, Beldara is a global B2B marketplace linking international suppliers to buyers all over the world The platform offers products across categories such as footwear, clothing, electronics, home appliances,...

    • 9 hrs ago
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    IPO-Bound Zomato Is Now A Public Limited Company

    Zomato has remained itself to Zomato Limited as part of the Pre-IPO exercise Kotak Mahindra Bank, Morgan Stanley and others will be the bankers for Zomato IPO The company is also looking to build a war chest of $1 Bn as a part of going public process Foodtech giant Zomato has converted itself from a private company to a public limited company ahead of its initial public offering (IPO), scheduled...

    • 11 hrs ago
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    Zerodha Rival 5paisa To Raise Over INR 250 Cr Through Equity Issue

    The company has raised over INR 190 Cr by issuing equity shares and the remaining INR 60 Cr by issuing warrants to its promoters 5paisa.com has more than 1.3 Mn customers, 6.5 Mn mobile app users and is one of the fastest-growing discount broking companies in India The company offers broking, mutual funds, insurance, peer-to-peer lending, international stocks, gold investing and...

    • 13 hrs ago
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    Amazon Prime Music Looks To Replicate Spotify's Growth With Podcasts Launch In India

    Amazon Prime Music is currently offering nine million podcast episodes at launch and will grow the catalog post launch The podcasts will have pre-embedded ads options in order to provide monetisation opportunities to the creators Spotify's podcasting strategy has also helped the company outperform its expectations of advertising income Amazon Prime Music,...

    • 14 hrs ago
  • News

    Credflow Raises $2.1 Mn To Foray Into Cash Flow-Based Financing, Payments

    The funds raised would be deployed towards platform development, strengthening tech capabilities and building new products Credflow helps SMEs manage their finances by providing a dashboard of pending amounts by customers, sending timely payment reminders, validating invoices and negotiating discounts The company claims that over 5,000 businesses have used its product to...

    • 15 hrs ago
  • News

    Nykaa Bets On Kotak, Morgan Stanley For Its $500 Mn IPO Plan

    Nykaa is looking to raise $500 Mn with its IPO, at a valuation of $4 Bn It is looking to expand its offline presence by betting on private labels like Pipa Bella and Twenty Dresses Besides Nykaa, Zomaot and PolicyBazaar are looking to hit the public market this year as well After acquiring jewellery brand Pipa Bella this week, Mumbai-based beauty and lifestyle retailer Nykaa has...

    • 16 hrs ago
  • News

    Flipkart Could Snap Up 15-Year-Old Cleartrip For $40 Mn In Distress Sale

    Cleartrip, one of the oldest ticketing platforms in India, is facing a severe downturn amid the Covid-19 induced lull in the travel and hospitality sector Founded in 2006 by Hrush Bhatt, Matthew Spacie and Stuart Crighton, Cleatrip has raised $56.4 Mn in six funding rounds from six investors Flipkart first entered the online travel segment in 2018 by offering...

    • 16 hrs ago

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