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Vedantu Nets $11 Mn In Ongoing Round To Go All Out On AI

India, Sept. 26 -- Edtech unicorn Vedantu has raised $11 Mn (INR nearly INR 100 Cr) as part of an ongoing funding round from existing backers. The company did not disclose the name of the investors pa... Read More


IPO-Bound Aye Finance Says NACH Data Exposed Due To Misconfiguration By Vendor

India, Sept. 26 -- After cyber security solutions provider UpGuard flagged that data set of Indian financial institutions relating to funds transfer via the National Automated Clearing House (NACH) wa... Read More


Ather Defers INR 26 Cr Incentive Submission Claims Due To Rare Earth Magnet Shortage

India, Sept. 26 -- Two-wheeler EV maker Ather Energy has decided to defer the submission of claims for demand incentives to the tune of INR 26.2 Cr (about $3 Mn) under the Centre's PM E-DRIVE scheme d... Read More


[Update] Nazara Shares Start Trading Ex-Bonus, Ex-Split

India, Sept. 26 -- Update | September 26, 14:29 Days after it received its board's nod to undertake its second bonus share issue and stock split, Nazara's shares started trading ex-bonus, ex-split to... Read More


Ultraviolette Changes Its Premium Pitch; Will It Accelerate Sales?

India, Sept. 26 -- "It's time for us to say: 'let's unsubscribe to the construct of labels'," Ultraviolette cofounder and CEO Narayan Subramaniam exclaimed at the recent launch of the company's latest... Read More


BharatPe FY25: Loss Narrows 82% To INR 88 Cr, Revenue At INR 1,667 Cr

India, Sept. 26 -- Fintech unicorn BharatPe slashed its net losses by 82% to INR 88.2 Cr in the fiscal year 2024-25 (FY25) compared to INR 492 Cr in the year ago fiscal. The improved numbers came on ... Read More


KisanKonnect Nets INR 72 Cr To Sell Fresh Fruits & Vegetables

India, Sept. 26 -- Omnichannel farm-to-fork startup KisanKonnect has raised INR 72 Cr ($8 Mn) in its Pre-Series A funding round led by Bajaj Finserv Group. The round also saw participation from exist... Read More


IPO-Bound Curefoods Bags INR 160 Cr From Binny Bansal's 3State Ventures

India, Sept. 26 -- Cloud kitchen company Curefoods has raised INR 160 Cr (around $18 Mn) in pre-IPO placement from Flipkart cofounder Binny Bansal's 3State Ventures. In a statement, the IPO-bound com... Read More


RBI Mandates Two-Factor Authentication For Digital Payments

India, Sept. 26 -- A year after proposing alternate methods of additional factor of authentication (AFA) for digital transactions, the Reserve Bank of India (RBI) has released new directions, making t... Read More


DevX Breaks Losing Streak, Rises Nearly 5% To INR 56.50

India, Sept. 25 -- After hitting lower circuit in four out of the five sessions post its listing session and ending over 16% below its listing price yesterday, shares of coworking space provider DevX ... Read More