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ixigo To Acquire A Majority Stake In Brevistay For Rs.66 Cr

India, June 5 -- Listed traveltech giant ixigo's board has approved to acquire 54.66% stake in traveltech startup Brevistay (Brevistay Hospitality Pvt Ltd) for a Rs.65.69 Cr ($6.9 Mn) through a combin... Read More


VinFast's EV Ride Hailing Business Green SM Enters India

India, June 5 -- VinFast parent Vingroup-owned electric mobility arm Green SM has entered the Indian market with the launch of Green SM Limo, an electric cab service, in Delhi NCR today. The electric... Read More


ideaForge's Shares Locked At Upper Circuit After Fundraise Approval

India, June 4 -- Shares of dronetech company ideaForge soared 5% to touch a new 52-week high of Rs.898.60 apiece on the BSE during intraday trade today. The stock opened at Rs.898.60 per share this m... Read More


SoftBank Offloads Lenskart Shares Worth Rs.2,873 Cr

India, June 3 -- Lenskart's early backer SoftBank has sold 5.65 Cr shares in a block deal worth Rs.2,873.3 Cr. As per NSE data, the firm, via its SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Ltd,... Read More


Nivasa Capital Gets RBI NBFC Licence, To Extend Secured Mortgage Credit

India, June 3 -- Housing finance startup Nivasa Finance's subsidiary Nivasa Capital has secured the approval of Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC). The c... Read More


Proptech Startup Propsoch Secures $2 Mn To Fuel Expansion

India, June 3 -- Bengaluru-based Propsoch has secured $2 Mn (Rs.19.1 Cr) in a seed funding round led by Athera Venture Partners, Sparrow Capital and Vakil Group. The proptech startup - which offers u... Read More


Edtech Startup ProLearn Bags Rs.30 Cr To Tailor AI Learning For Students

India, June 2 -- Ex-Vedantu director Ravneet Singh's new edtech startup ProLearn has raised Rs.30 Cr ($3.2 Mn) in a pre-seed funding round led by BEENEXT, with participation from Eximius Ventures, Ant... Read More


Plum Insurance Announces Rs.15 Cr ESOP Buyback

India, June 2 -- Insurtech startup Plum has announced its first ESOP (employee stock ownership plan) buyback programme worth Rs.15 Cr today. Plum mentioned that the buyback will enable 199 employees t... Read More


Tractor Junction Announces Rs.3 Cr ESOP Buyback

India, June 1 -- Tractor marketplace startup Traction Junction has announced its second ESOP (employee stock ownership plan) liquidity programme. The early-stage startup has announced that it will be ... Read More


Cars24 To Invest $20 Mn In Early Stage AI Startups

India, June 1 -- IPO-bound used car marketplace Cars24 has committed $20 Mn (Rs.189.8 Cr) to its recently launched initiative, AI Labs, a dedicated initiative focused on building AI-first products. C... Read More