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Apna Mart To Raise $25 Mn As 15-Minute Delivery Race Heats Up

India, March 25 -- Franchisee-driven quick commerce startup Apna Mart is looking to raise INR 214.3 Cr (around $25 Mn) in a funding round led by Nandan Nilekani-led Fundamentum Partnership. Existing ... Read More


Exclusive: Healthtech Startup Dozee Raises $8 Mn To Accelerate Global Expansion

India, March 25 -- Healthtech startup Dozee, backed by Prime Venture Partners, 3one4 Capital, among others, has raised INR 71.5 Cr (about $8.3 Mn) in a mix of equity and debt, sources told Inc42. As ... Read More


Honasa Consumer Surges 11% Amid Broader Market Rally

India, March 24 -- Shares of Honasa Consumer, the parent of D2C brands Mamaearth, BBlunt, and The Derma Co., surged nearly 11% today to reach an intraday high at INR 244.40 apiece on the BSE. The sur... Read More


Foxconn-HCL JV Seeking EPC Partner For Semiconductor Plant

India, March 24 -- Taiwanese chipmaker Foxconn and HCL Group are potentially seeking an engineering, procurement and construction (EPC) partner for their joint semiconductor facility to be set up in U... Read More


SEBI Mulls Relaxation In Rules For Stock Brokers To Operate From GIFT City

India, March 22 -- SEBI is considering doing away with the requirement for stock brokers to get specific approval from the markets regulator to operate from the International Financial Services Centre... Read More


SIDBI To Manage INR 1K Cr Spacetech Fund: IN-SPACe

India, March 21 -- SIDBI Venture Capital has been selected as the fund manager for the INR 1,000 Cr venture capital fund announced by the government to back homegrown spacetech startups. The Indian N... Read More


SEBI May Allow Founders To Hold ESOPs Even After Startup Goes Public

India, March 21 -- The Securities and Exchange Board of India (SEBI) has proposed allowing startup founders to hold employee stock options (ESOPs) even after the company goes public. The markets regu... Read More


Allianz Eyes JV With Jio Financial Services After Ending Alliance With Bajaj Group

India, March 19 -- After ending its 24-year joint venture with Bajaj Group, German insurer Allianz SE is eyeing a second innings in India's general and life insurance market - this time in partnership... Read More


Swiggy Rolls Out B2B Platform 'Assure' To Rival Zomato's Hyperpure

India, March 19 -- Swiggy has launched business-to-business platform 'Assure' to deliver kitchen supplies to restaurants. The platform will compete with Swiggy's rival Zomato's B2B supply vertical Hyp... Read More


Japan's Mitsubishi UFJ Financial Sells 2% Indirect Stake In IndiaMART

India, March 19 -- Japanese lender Mitsubishi UFJ Financial Group (MUFG) has sold 2% of its indirect stake in online B2B marketplace IndiaMART InterMESH. In a filing with the exchanges today, MUFG sa... Read More