Decentro raised INR 30 crore in a Series B led by InfoEdge Ventures to boost its fintech infrastructure across KYC, payments, and debt collections. Powering ₹50,000 crore annually, it plans to move its parent company from Singapore back to India in 12-18 months, marking a strategic homecoming.
For INR 123 Cr, or roughly $14.3 million, Zaggle plans to purchase Pune-based enterprise spend management startup Dice Enterprises Limited. According to Zaggle, the acquisition will expand its product line, provide access to Dice's clientele, and aid in its expansion in India and internationally. In an exchange
For its delivery partners in Delhi-NCR, Zomato is testing a fleet of electric vehicle (EV) bikes for rent. The foodtech giant is renting out two-wheeler EVs to its delivery partners as part of the green initiative. The business stated in a statement that, depending on partner uptake, it will extend
As his feud with President Donald Trump erupts into open warfare, Elon Musk has threatened to shut down SpaceX's Dragon spacecraft, NASA's only US astronaut carrier. This move will set off a spiralling crisis that could ground American spaceflight, derail moon missions, and jeopardise $22 billion
The signing of four Production Transfer Agreements by Dassault Aviation and Tata Advanced Systems Limited to manufacture the fuselage of the Rafale fighter aircraft in India represents a major advancement in the nation's aerospace manufacturing capacity and support for international supply chains. This facility will be a vital
The startup ecosystem continues to thrive with significant funding activities across diverse sectors in the first week of June 2025. From aviation infrastructure and fintech to sustainable energy and emerging sports leagues, investors are backing innovative ventures that promise growth and transformation. This daily funding roundup covers the key investments
According to reports, TRAI turned down the COAI's request to examine its suggestions for satcom spectrum. Following a thorough and open consultation process, the Centre has received recommendations pertaining to spectrum. Telecom companies disregarded TRAI's suggestion earlier this month that satellite spectrum be billed at 4%
Zepto postponed its initial public offering plans by a year. This puts the fast commerce giant in line with companies like Zetwerk, OYO, and PayU India, who similarly use a wait-and-watch tactic before parking on D-Street. Zepto, notably, raised the size of the public offering from $450 million to $800
According to media reports, Microsoft is assigning Ryan Roslansky, the CEO of LinkedIn, a more significant position that will involve managing Office productivity tools. As per reports, Roslansky, who took over LinkedIn five years ago, is going to be the executive vice president of Office. He will be answering to
Plush, India’s new age personal care brand, has raised INR 40 crore in a growth round led by Rahul Garg, with participation from Blume Founders Fund, OTP Ventures, Careernet, the Patni Family Office, Sumit Jalan, Ajay Kumar Aggarwal, and other strategic investors. Plush had raised just INR 26 Crore
LoanTap has successfully closed an INR 74 crore pre-Series C funding round, comprising INR 54 crore in equity led by July Ventures. The equity round also saw participation from existing investors such as 3one4 Capital, Avaana Capital, Kae Capital, and the Swapurna Family Office, a long-time backer since inception. Additionally,
Bing Video Creator is a brand-new AI video production tool from Microsoft. With just a description of what they would like to see, users may now create brief AI films. The function is comparable to that of Bing Image Creator, which uses AI to generate images in response to user
Stride Green, a climate-tech focused asset financing and lifecycle management platform, has announced the successful raise of $3.5 million as part of its Seed Funding Round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors. This infusion of capital is set to bolster Stride Green’s
Nearly a year after an alleged cyber robbery that resulted in the loss of $235 million in virtual digital assets, the Singapore High Court (HC) on 5 June dismissed the planned restructuring plan of WazirX's parent company, dealing a serious blow to cryptocurrency traders on the exchange platform.
* The Tarzan Way is an AI-powered travel tech startup enabling users to craft hyper-personalised and authentic holidays in seconds * The funds will be used across product development, operations, marketing, HR, and to launch their new “Exploration App” * So far, Inflection Point Ventures has invested over INR 800 Cr across 210+
According to various media reports, the Gujarat Cooperative Milk Marketing Federation (Amul), which sells goods under the Amul brand, has partnered strategically with Spain's Cooperativa Ganadera del Valle de los Pedroches (COVAP) to launch its signature milk product in both Spain and the EU. Before moving on to
The board has given Capillary Technologies permission to raise INR 2,250 Cr, or about $263 million, through an initial public offering (IPO). In accordance with regulatory filings, the Warburg Pincus-backed business intends to raise INR 500 Cr through the issuing of new shares and will also have an offer
In light of the continued Trump tariffs that are threatening the German auto sector, international automaker Volkswagen has announced plans to reduce its workforce by 35,000 employees by 2030 as part of its cost-cutting programme, according to a media report. Citing a works council meeting at Volkswagen's
Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million). Hyundai, which had previously owned 2.
Bessemer Venture Partners has appointed Pankaj Mitra as Partner to lead investments in AI, enterprise tech, and cybersecurity in India. With over 25 years of experience at Cisco, Infosys, and VMware, Mitra brings deep expertise to Bessemer’s growing India portfolio.
According to reports, Good Glamm Group has postponed staff salaries for the second consecutive month in May. April and May's pay were meant to coincide, according to a news source that quoted an employee, but that doesn't appear likely to happen anytime soon. It's
The founder of the Indian grocery delivery startup KiranaPro told a media outlet that the company had been hacked and all of its data had been erased. Deepak Ravindran, co-founder and CEO of KiranaPro, told a media source that among the deleted data were the company's app code
According to court documents examined by a media group, the conflict between Aakash Educational Services (AESL) and edtech company Byju's has intensified. Aakash filed a strongly worded petition before the National Company Law Tribunal (NCLT) in Bengaluru, accusing international consulting firm Ernst & Young (EY) of professional misconduct