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SoftBank Transfers 40% InMobi Shareholding To Vision Fund 2

India, May 13 -- Japanese tech conglomerate SoftBank Group has reportedly transferred around 40% of its shareholding in Indian mobile adtech unicorn InMobi to SoftBank Vision Fund 2, ahead of Bengalur... Read More


Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin 'Shiba Inu' For Covid Relief In India

India, May 13 -- The creator of Ethereum Vitalik Buterin has donated huge amounts of cryptocurrencies namely Ethereum and Shiba Inu, collectively worth $1.5 Bn to India's COVID-Crypto Relief Fund, whi... Read More


Amazon-Backed Acko May Raise $200 Mn To Enter Unicorn Club

India, May 12 -- Amazon-backed insurance tech startup Acko General Insurance is reportedly considering a new funding round that would value the company at over $1 Bn. According to Bloomberg, which fi... Read More


KFin Technologies Acquires 17% Stake In Insurtech Startup Artivatic.ai

India, May 12 -- On Tuesday, Hyderabad-headquartered registrar and transfer agency KFin Technologies said it has acquired a 17% stake for an undisclosed amount in insurance tech startup Artivatic.ai. ... Read More


RBI Sets Up Working Group To Regulate Digital Lending Apps

India, May 12 -- The Reserve Bank of India (RBI) has set up a Working Group (WG) to regulate digital lending mobile applications, amid increasing reports of such online loan platforms charging exorbit... Read More


SEBI's New Rules Could Force PE & VC Funds To Realign Investments

India, May 10 -- The Securities and Exchange Board of India's new regulations, which put a threshold on the amount that private equity (PE) and venture capital (VC) funds can invest in a company or an... Read More


BharatPe Raises INR 50 Cr Debt From Northern Arc Capital

India, May 10 -- Indian financial services company BharatPe has raised INR 50 Cr in debt from Northern Arc Capital, a leading digital debt finance platform that is focused on improving access to finan... Read More


Amazon's India Marketplace Receives INR 915 Cr Investment From Parent Firm

India, May 8 -- Amazon Seller Services, the marketplace unit of the US-based ecommerce giant Amazon, has received a capital infusion of INR 915 Cr, documents with the Registrar of Companies showed. T... Read More


Amazon's India Marketplace Unit Receives INR 915 Cr Investment From Parent Firm

India, May 8 -- Amazon Seller Services, the marketplace unit of the US-based ecommerce giant Amazon, has received a capital infusion of INR 915 Cr, documents with the Registrar of Companies showed. T... Read More


Unicorn Investment Tech platform Groww Reports 34X Rise In Loss As Operational Revenue Growth Remains Tepid

India, May 8 -- Bengaluru-based investment tech platform Groww posted revenue of INR 76.16 lakh (0.76 Cr) in the fiscal year ended March 2020 (FY20), an 823% year-on-year (YoY) growth from revenue of ... Read More