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Exclusive: DeHaat Raises INR 200 Cr Debt For Geographic Expansion

India, April 25 -- Agritech soonicorn DeHaat has raised INR 200 Cr (around $23.4 Mn) in venture debt from Trifecta Capital. DeHaat's board issued 1,000 non-convertible debentures (NCDs) at INR 10 Lak... Read More


Ather Energy Sets Price Band Of INR 304-321 For IPO

India, April 23 -- EV major Ather Energy has set a price band of INR 304 to INR 321 per share for its initial public offering (IPO) that will open for subscription on April 28. The anchor investor bi... Read More


Exclusive: Flipkart Internet Receives INR 533 Cr From Singapore Parent

India, April 23 -- Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured INR 533 Cr (around $62 Mn) funding from its Singapore-based parent entity Flipkart Marketplace Private ... Read More


Now, BluSmart Ropes In Grant Thornton For Forensic Audit

India, April 23 -- EV ride-hailing startup BluSmart has reportedly roped in Grant Thornton to conduct a forensic audit of its books after markets regulator SEBI found that two of its cofounders - Anmo... Read More


Exclusive: Mensa Brands To Raise INR 48 Cr Debt From Stride Ventures

India, April 21 -- Tiger Global-backed house of brands startup BRND.ME (formerly Mensa Brands) is raising INR 48 Cr (around $5.6 Mn) debt funding from existing investor Stride Ventures. The unicorn's... Read More


MobiKwik Partners Poonawalla Fincorp To Offer Instant Personal Loans

India, April 21 -- Listed fintech startup MobikWik has partnered with Poonawalla Fincorp to offer instant personal loans of up to INR 15 Lakh to its customers. Through this partnership, MobiKwik will... Read More


In A Blow To BYJU'S, NCLAT Says Creditors Have 'Liberty' To Decide On INR 158 Cr Settlement With BCCI

India, April 18 -- The National Company Law Appellate Tribunal (NCLAT) has disposed of a petition filed by Riju Ravindran seeking to block lenders of troubled edtech startup BYJU'S from deciding on a ... Read More


Exclusive: Varthana Bags INR 75 Cr Debt Funding From OfBusiness, Oxyzo

India, April 17 -- Education-focussed non-banking finance company (NBFC) Varthana has raised INR 75 Cr (about $8.7 Mn) in a debt funding round co-led by B2B ecommerce startup OfBusiness and its financ... Read More


Gearing Up For IPO, Razorpay Converts Into Public Entity

India, April 17 -- Fintech unicorn Razorpay has converted into a public company, a crucial step in preparation for its initial public offering (IPO). As per its regulatory filing, the startup got the... Read More


BluSmart-Linked Gensol's Independent Director Arun Menon Quits Amid SEBI Probe

India, April 17 -- With Gensol Engineering under the lens of markets regulator SEBI, its independent director Arun Menon has resigned with immediate effect, citing concerns over the "debt position of ... Read More