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Rapido To Raise INR 125 Cr From Nexus As It Gears Up For Food Delivery Launch

India, June 9 -- Ride-hailing major Rapido is raising INR 125 Cr (around $15 Mn) from Nexus Venture Partners, as the former gears up for the launch of its food delivery service 'Ownly'. The board of ... Read More


[Update] Vecmocon Closes Series A Funding At $18 Mn

India, June 9 -- Update| June 09, 03:26 PM EV intelligence startup Vecmocon Technologies has closed its Series A funding round at $18 Mn co-led by Ecosystem Integrity Fund and Aavishkaar Capital, wit... Read More


NCLAT Quashes BYJU'S Appeal In Aakash Shareholding Dispute

India, June 7 -- The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by BYJU'S challenging an interim order which asked to maintain a status quo on the insolvency-ridden edt... Read More


Nandan Nilekani Commits Second Grant To AI4Bharat

India, June 7 -- Infosys cofounder Nandan Nilekani has committed a second multi-year grant to AI4Bharat, a language AI project at IIT Madras. The funds aim to expand the group's work on building open-... Read More


Nazara Completes Acquisition Of Smaaash For INR 126 Cr

India, June 7 -- Gaming major Nazara Technologies on Friday (June 6) announced that it has completed the acquisition of insolvency-ridden sports entertainment startup Smaaash Entertainment. The acqui... Read More


Zomato Rolls Out EV Bike Rentals To Boost Green Deliveries

India, June 6 -- Listed Eternal's food delivery arm Zomato is piloting a rental electric vehicle (EV) bike fleet for its delivery partners in Delhi-NCR. Under the initiative, the foodtech major is of... Read More


Vecmocon To Raise $8.7 Mn From Aavishkaar Capital, Others

India, June 6 -- EV intelligence startup Vecmocon Technologies is set to raise INR 74 Cr (around $8.7 Mn) in a funding round led by Aavishkaar Capital and existing backers Ecosystem Integrity Fund (EI... Read More


Apple To Open 4th India Store In Mumbai's Borivali

India, June 6 -- Apple is opening its fourth retail store in India. The big tech major has reportedly selected Mumbai's Borivali as the location of its newest outlet, which will span 12,616 square fee... Read More


Zaggle To Buy Spend Management Startup Dice Enterprises For INR 123 Cr

India, June 5 -- Fintech major Zaggle is set to acquire Pune-based enterprise spend management startup Dice Enterprises Limited for INR 123 Cr (about $14.3 Mn). Zaggle said that the acquisition will ... Read More


Bessemer Ropes In Pankaj Mitra To Lead India Investments In AI & SaaS

India, June 5 -- Venture capital (VC) firm Bessemer Venture Partners, which has backed the likes of Swiggy and Urban Company, has named Pankaj Mitra as its new partner to lead enterprise tech, AI, and... Read More