[What The Financials] Once A Unicorn Shopclues' Slide Continues; FY20 Revenue Drops Under INR 100 Cr

India, March 5 -- Indian ecommerce platform Shopclues' financial health has gone from bad to worse with each passing fiscal year since 2018. The company has fallen from the position of a unicorn in 20... Read More

Action Covid-19 Team Looks To Back Social Impact With INR 500 Cr Philanthropic Fund

India, March 5 -- Launched by a group of prominent Indian startup founders and investors in early March 2020 to help businesses and individuals tackle pandemic-induced challenges, the Action Covid-19 ... Read More

Blume Announces $48 Mn Fund 1X For Follow-On Rounds In Its Portfolio

India, March 5 -- Early-stage venture capital firm Blume Ventures, in partnership with Avendus, has announced the close of its INR 350 Cr ($48 Mn) Fund 1X, to allow limited partners and investors from... Read More

Euler Motors Bags $4 Mn From Inventus, Jetty To Bring EV Three Wheelers To Market

India, March 4 -- New Delhi-based electric vehicle (EV) startup Euler Motors has raised INR 30 Cr ($4.1 Mn) as a part of its ongoing Series A round led by existing investor Inventus India and Jetty Ve... Read More

Sequoia, GIC To Enable Razorpay's $10 Mn ESOP Buyback

India, March 4 -- Payments gateway major Razorpay, on Thursday (March 4), announced that its existing investors Sequoia Capital and Singapore's GIC are buying back shares worth $10 Mn (INR 73 Cr) from... Read More

Kalaari Capital Confirms Reliance's Anchor Investment In Fund 4

India, March 4 -- Mukesh Ambani-led Reliance Industries has come on as an anchor limited partner (LP) in Kalaari Capital's fourth fund, the venture capital firm's founder and managing director Vani Ko... Read More

Wingreen Farms Acquires Raw Pressery At 5X Lower Valuation Than Last Funding Round

India, March 4 -- Snacks and sauces maker Wingreens Farms has acquired organic juice startup Raw Pressery at a valuation of INR 100 Cr. The deal is a huge discount from Raw Pressery's post-money valua... Read More

Amazon Prime Issues Apology Over 'Tandav' After New Rules For OTT Platforms

India, March 3 -- In what could be seen as the first major impact of India's new guidelines for OTT platforms, Amazon Prime Video, on Tuesday (March 2), issued a rare apology to its Indian users for h... Read More

[What The Financials] Paper Boat FY20 Losses Touch INR 100 Cr As It Bulked Up Its Product Lineup

India, March 3 -- Gurugram-based Hector Beverages, which runs beverage and snack brand Paper Boat, has reported a 20% increase in revenue in the financial year 2020 that ended in March last year. The ... Read More

Logistics Unicorn Delhivery Acquires Retail Tech Primaseller

India, March 3 -- Gurugram-based logistics unicorn Delhivery has acquired a software-as-a-service (SaaS) platform Primaseller, which allows small businesses to manage their inventory and orders across... Read More