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Indian startups have deposits of about $1 bn in SVB, says minister

Finance

17 March, 2023

Indian startups have deposits of about $1 bn in SVB, says minister

Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said ......

Walmart injects $200 mn more into PhonePe, retains majority stake

TMT

17 March, 2023

Walmart injects $200 mn more into PhonePe, retains majority stake

Fintech company PhonePe said on Friday it has raised an additional $200 million (around Rs 1,650 crore) in primary capital ......

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Early-stage investor taps former StoveKraft exec for key role

People

16 March, 2023

Early-stage investor taps former StoveKraft exec for key role

An early-stage venture capital firm, which is a backer of about 60 Indian tech-driven startups, including listed insurtech player PolicyBazaar, ......

Early-stage startups Aerem, Zouk, others raise funding

TMT

16 March, 2023

Early-stage startups Aerem, Zouk, others raise funding

Climatetech startup Aerem, direct to consumer (D2C) lifestyle brand Zouk, ice cream firm Noto, fintech marketplace Finsire and augmented reality-based ......

Legaltech firm Yellow snags seed funding

TMT

16 March, 2023

Legaltech firm Yellow snags seed funding

Yellow, a startup founded by Niranjan Vemulkar and Nikhil Varghese, has raised an undisclosed amount in a seed funding round ......

ADIA to invest $500 mn in Lenskart

TMT

16 March, 2023

ADIA to invest $500 mn in Lenskart

Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the Gulf emirate, has signed definitive documents to invest $500 ......

Yellow Metal, Gynoveda, others snag early-stage cheques

TMT

15 March, 2023

Yellow Metal, Gynoveda, others snag early-stage cheques

Gold loan provider Yellow Metal, healthcare platform Gynoveda, online gaming marketplace BuyStars and influencer marketing firm One Impression have raised ......

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How Indian micro-VC ecosystem grew despite funding winter in 2022

TMT

15 March, 2023

How Indian micro-VC ecosystem grew despite funding winter in 2022

A few years ago, it was either angel investors or friends and family who first wrote a cheque to an ......

Jumbotail, Optimized Electrotech, others bag early-stage funding

TMT

14 March, 2023

Jumbotail, Optimized Electrotech, others bag early-stage funding

E-commerce platform Jumbotail, deeptech startup Optimized Electrotech, healthtech firm LifeSigns and tech recruiting marketplace Coffeee.io have secured early-stage cheques, the ......

Early-stage firms The Ayurveda, Raaho, OmniBRx pull in funding

TMT

13 March, 2023

Early-stage firms The Ayurveda, Raaho, OmniBRx pull in funding

Ayurvedic wellness brand The Ayurveda Co, intercity trucking marketplace Raaho and bioprocess engineering company OmniBRx have managed to secure early-stage ......