Mumbai-based fintech firm Raise Financial Services, the parent company of stock trading platform Dhan, has officially entered the unicorn club following a Series B funding round of $120 million. The investment was led by Hornbill Capital and included participation from MUFG, BEENEXT, and notable investors such as Ramesh Damani, DSP
Through a block sale valued at INR 950 Cr (about $114 million), Flipkart Investments, the investment vehicle of the e-commerce powerhouse Flipkart, is reportedly diluting its whole 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLBL). Flipkart plans to sell 7.3 Cr shares at a base price of INR
EcoEx has secured USD $4 Million in a strategic funding round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from domestic and international investors ahead of IPO preparation. The fresh capital will fuel technology enhancement, talent acquisition, expansion, and strengthening Clean Technology solutions
The use of Hollywood characters and scenes in Sora videos will now either be blocked or paid for. Disney opted out because...
Affluense AI, the intelligence platform redefining how businesses connect with affluent customers, has raised ₹3 crore in its pre-seed funding round led by Zeropearl VC, with participation from Kunal Shah, Founder and CEO of CRED, Pravin Jadhav, Founder and CEO of Dhan, and a group of early customers who strongly
In a recent viral LinkedIn post, Arjun Vaidya, co-founder of V3 Ventures and former founder of Dr. Vaidya's, highlighted a growing trend in the automotive industry: the software-as-a-service (SaaS) approach to car features. Vaidya shared how he came across a YouTube review of the new Mercedes electric sedan.
The White House has issued a warning that if US President Donald Trump determines that talks with congressional Democrats to resolve a partial government shutdown have come to a standstill, mass layoffs of federal employees may start. White House National Economic Council Director Kevin Hassett told CNN's State
Finarkein today announced the successful extension of its Pre-Series A funding round, securing $ 1.5M in primary and secondary investments. This round of funding was led by DSP Group Family Office with participation from existing investors. The investment round saw fresh investment from marquee investors like DSP while select existing
Morphing Machines, a Bengaluru-based fabless semiconductor IP company at the Indian Institute of Science (IISc), has raised ₹38.36 crore in a Series A funding round led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital. Existing investors from the Seed round include Speciale Invest,
IIFL Fintech Fund, India’s leading early-stage fintech focused fund, today announced a successful partial exit from its investment in FinBox, a credit infrastructure and embedded finance platform. The fund has delivered an impressive 5x Multiple on Invested Capital (MOIC) on the initial tranche, marking a significant milestone in its
Startfresh, a New age venture fund, has led the Seed round in Trozo, a Bangalore HQ Deep Tech Engagement platform helping businesses move beyond transactions and build meaningful customer connections. Trozo was founded by IIM Bangalore Alumnus Pavan Govindan, Janardhan J V, and Serial Entrepreneur Dilip Adiga. Together, they bring
The Directorate General of Civil Aviation (DGCA) has intervened to stop steep pricing spikes ahead of the Diwali season as the airline industry prepares for one of its busiest travel times of the year. Amid a spike in passenger demand, the regulator has instructed domestic airlines to maintain fair pricing
State Bank of India (SBI), the nation's largest lender, wants to boost its asset size from the current 20% of the country's GDP to 25% by 2047 as it advances its goal of becoming a developed nation, or Viksit Bharat. This would also help the bank
On October 10, Canara HSBC Life Insurance Company will make its first public offering. On October 14, the initial public offering (IPO), which would be an offer-for-sale (OFS) of 23.75 crore shares, will close. A day before the debut, the company will provide anchor investors a portion of the
According to reports, the French automaker Renault intends to implement a voluntary redundancy scheme, which allows workers to opt out of the firm in exchange for a financial settlement rather than being fired outright, to lay off 3,000 workers globally, mostly in support positions. According to the French newsletter
A thorough inquiry into complaints against e-commerce sites that charge extra for choosing to pay using cash-on-delivery (COD) has been initiated by the Department of Consumer Affairs. In a recent tweet, Union Minister Pralhad Joshi referred to these tactics as "dark patterns" that deceive and take advantage of
Alakh Pandey and Prateek Maheshwari's net worth soared 223% and they joined the Hurun India Rich List 2025 because...
Goldman Sachs has sold over 1 crore shares of Eternal Limited, the parent company of Zomato, in a block deal valued at INR 355.32 crore. The shares were sold at INR 329 each, matching the closing price from the previous Wednesday. BofA Securities Europe SA acquired the entire stake,
L’Oréal India posted a 23% jump in profit to ₹597 crore for FY25, even as sales grew modestly amid increasing competition from digital-first beauty brands. The company plans to double its India business and boost local manufacturing in the coming years.
Lenskart has received SEBI’s approval to launch its IPO, planning to raise ₹2,150 crore through a fresh issue of shares. The eyewear retailer aims for a November 2025 listing as it expands its store network, boosts technology, and strengthens its presence in the Indian eyewear market.
India’s business and startup ecosystem witnessed notable developments on 3rd October 2025. Luxury watch retailer Art of Time secured fresh capital to expand its presence, while IOC GPS Renewables raised significant debt funding to accelerate its clean energy projects. On the corporate front, Zomato’s parent Eternal rolled out
The AI Browser war begins as Opera launches Neon, OpenAI is set to launch one soon, and Perplexity is made free with Comet, with Comet Plus available for $5/month...
'Aapli ST' is a new mobile application that the Maharashtra State Road Transport Corporation (MSRTC) has released to let people commute more conveniently and easily. The software helps commuters avoid lengthy waits at bus stops by providing real-time bus location information. The app's Passenger Information System
In a landmark shift in India’s entertainment and wealth scene, Shah Rukh Khan has officially entered the billionaire club, becoming the richest actor ever recorded in the Hurun India Rich List 2025. Meanwhile, in the broader Indian context, Mukesh Ambani has reclaimed the top spot as the country’s