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    Exclusive: Drivezy Is Raising $30 Mn From Shell, Middle East Sovereign Fund

    While Middle East sovereign fund is in the final stages of closing the deal, Shell Global has already closed it To date, Drivezy has raised $35 Mn in equity financing and $128 Mn in asset financing The company was also said to be in talks with Zoomcar for a merger (Image Source: Entrepreneur India) Bengaluru-based vehicle-sharing marketplace Drivezy is in talks to...

    • 8 hrs ago
  • News

    Funding Galore: Indian Startup Funding Of The Week [September 14 - 19]

    Dream11 has raised $225 Mn from Tiger Global, Chrys Capital and Footpath Ventures BYJU'S acquired LabinApp, while Sharechat acquired HPF Films this week Overall, $448.44 Mn was invested across 23 Indian startups this week Infocus We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!

    • 14 hrs ago
  • News

    Announcing The Dialogue: Decoding The 'Next Billion' Opportunities For Indian Startups

    Inc42 in association with Microsoft will be hosting four part video series of - 'The Dialogue' The discussions will focus on four sectors, namely, agritech, healthtech, fintech and horizontal SaaS to be moderated by the cofounder and CEO of Inc42, Vaibhav Vardhan With founders and investors from across sectors, we would be decoding the next big...

    • 14 hrs ago
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    Sanjay Mehta's 100X.VC Reveals Class 02 Investments In 9 Seed Stage Startups Across Sectors

    The Sanjay Mehta-led fund invests in seed-stage startups The firm, which was launched in July 2019, has received 4,500 applications It includes agritech, automotive, blockchain, edtech, governance and fintech, among many others Serial investor Sanjay Mehta-led venture capital firm 100X.VC has finally revealed its Class 02 investments - nine seed-stage...

    • 15 hrs ago
  • News

    Movers And Shakers Of The Week [September 14-19]

    ByteDance's director of public policy, Nitin Saluja, joined Amazon India as senior public policy manager Omidyar Network India, a venture capital investor is planning to increase India team's headcount Facebook appointed Arun Srinivas as the director of Global Business Group We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem. This...

    • 15 hrs ago
  • News

    Movers And Shakers Of The Week (September 14-19)

    ByteDance's director of public policy, Nitin Saluja, joined Amazon India as senior public policy manager Omidyar Network India, a venture capital investor is planning to increase India team's headcount Facebook appointed Arun Srinivas as the director of Global Business Group We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem. This...

    • 15 hrs ago
  • News

    Amazon, Samara Capital Infuse INR 275 Cr Into More Ahead Of Festival Season

    Samara, with a 51% holding in Witzig, invested a marginally higher sum than Amazon The fund infusion comes ahead of India's festive season, for which etailers are already beefing up resources According to estimates, ecommerce companies may post a 70% jump in consumers this festive season Global ecommerce giant Amazon and private equity firm Samara Capital have...

    • 19 hrs ago
  • Fintech Coverage

    Exclusive: Aye Finance Revenue Surges 2X In FY20 With Third Straight Profitable Year

    It has registered a revenue of INR 415 Cr in FY20, a near 2X hike from FY19 The company expects to continue its profitability run in FY21 as well despite the economic impact of pandemic Aye Finance raised INR 515 Cr in a mix of equity and debt between April and July 2020 Gurugram-based financial services startup Aye Finance doubled its revenues and increased its...

    • yesterday
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    PUBG's Indian Rival FAUG Targets 50 Mn Downloads, But Can It Match The Revenue?

    GOQii founder Vishal Gondal, who is advisor for FAUG developer nCore Games, told Inc42 that FAUG is not a PUBG clone The game, which will be released in October-end, is said to have been developed in association with Bollywood actor Akshay Kumar The big question for FAUG and other Indian action games will not be around downloads but whether it can match PUBG...

    • yesterday
  • News

    OYO Refutes Businessman's Allegations Of Illegal Termination Of Contract

    The businessman, Vikas Gupta has alleged in an FIR that OYO illegally terminated its agreement with him amid the pandemic and then levelled penalties on him Gupta's claims have been backed by the Federation of Hotel and Restaurant Associations of India An OYO spokesperson has said that the FIR against company's founder Ritesh Agarwal was an attempt to malign the...

    • yesterday

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