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PhonePe, Google Pay Continue To Lead UPI Race In June

India, July 11 -- Maintaining consistency, the Unified Payments Interface (UPI) saw marginal to no change in its app players performance for June. PhonePe and Google Pay maintained their duopoly foll... Read More


LetsVenture Rebrands To LVX To Back Growth Stage Startups

India, July 10 -- Bengaluru-based venture capital (VC) firm LetsVenture has rebranded as LVX to enter the growth-stage investment segment. With this transition, the VC firm will complement its existi... Read More


Infinity Fincorp Bags $230 Mn, Partners Group Acquires Majority Stake

India, July 10 -- Switzerland-based PE firm Partners Group has acquired a majority stake in MSME-focussed NBFC Infinity Fincorp by leading a $230 Mn (around INR 1,950 Cr) funding round, which was a mi... Read More


US Court Holds Byju Raveendran In Contempt For Non-Compliance

India, July 9 -- The US Bankruptcy Court in Delaware has reportedly held embattled edtech startup BYJU'S founder Byju Raveendran in civil contempt for failing to appear before the court and submit evi... Read More


BigBasket Appoints Ex-Vini Cosmetics Executive Manish Bajoria As CFO

India, July 7 -- In the run up to formalising its IPO plans, Tata-owned grocery delivery platform BigBasket has appointed ex-Vini Cosmetics CFO Manish Bajoria as its new CFO. In his new role, Bajoria... Read More


WEH Ventures Exits smallcase With 38% IRR

India, July 3 -- Early stage VC firm WEH Ventures has completely exited invest tech startup smallcase with an internal rate of return (IRR) of 38%. The VC firm first invested in the startup from its ... Read More


Meesho Files DRHP Via Confidential Route For Up To $1 Bn IPO

India, July 3 -- Ecommerce giant Meesho has filed its DRHP with markets regulator SEBI via the confidential pre-filing route, joining the long queue of Indian new-age tech companies looking to go publ... Read More


Govt Likely To Approve Projects Under PLI Scheme By September: Report

India, July 2 -- The Centre will likely approve projects under the INR 22,919 Cr production-linked incentive (PLI) scheme for electronics components manufacturing by August-September. An ET report, c... Read More


UPI Transactions See Marginal Dip To 18.40 Bn In June

India, July 1 -- The Unified Payments Interface (UPI) transactions saw a marginal dip to 18.40 Bn in June from an all-time high of 18.68 Bn in the previous month. On a year-on-year basis, the transact... Read More


Agritech Startup Eeki Nets $7 Mn

India, July 1 -- Agritech startup Eeki has raised $7 Mn (around INR 60 Cr) in its Series A2 funding round led by Sixth Sense Ventures. The round also saw participation from a clutch of undisclosed in... Read More