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DevX Shares Hit Lower Circuit For Second Straight Session

India, Sept. 19 -- Continuing their downward trajectory post the listing day, shares of coworking space provider DevX (Dev Accelerator) tumbled 5% to hit the lower circuit at INR 58.10 apiece on the B... Read More


Equilibrium Nets $3 Mn To Expand Carbon Removal Projects

India, Sept. 19 -- Climate tech startup Equilibrium has raised $3 Mn (INR 26.5 Cr) in its seed funding round from Kalaari Capital, Peak XV Partners and Avaana Capital. The capital will be used to exp... Read More


IPO-Bound PhonePe Gets Final Nod To Operate As Payment Aggregator

India, Sept. 19 -- Walmart-owned fintech PhonePe has received the final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). The development comes over t... Read More


FirstCry Pumps Another INR 20 Cr Into GlobalBees, Raises Stake To 51.68%

India, Sept. 19 -- Continuing its spree of investments in GlobalBees, kids-focussed omnichannel company FirstCry has now announced a further investment of about INR 20 Cr. In an exchanges filing, the... Read More


Groww's IPO Conundrum, Infra.Market Eyes $83 Mn & More

India, Sept. 19 -- Groww's Massive VC Cashout Earlier this week, Groww filed its updated DRHP for a massive INR 7,000 Cr public listing. Yet, the fine print of the draft papers reveals a sore reality... Read More


TCC Concept To Acquire Pepperfry

India, Sept. 19 -- BSE-listed TCC Concept has signed a term sheet to acquire up to 100% stake in D2C soonicorn Pepperfry. "The proposed transaction is subject to inter alia completion of satisfactory... Read More


Starlink Plans 20 Gateways Across India: Report

India, Sept. 19 -- Elon Musk's satellite internet venture Starlink is reportedly preparing to conduct spectrum tests from its Navi Mumbai terminals. Citing sources from the Department of Telecommunic... Read More


Exclusive: D2C Brand INCLUD Nets INR 25.4 Cr From 3one4 Capital, Incubate Fund

India, Sept. 19 -- D2C kidswear brand INCLUD has raised INR 25.4 Cr ($2.9 Mn) in its pre-Series A round led by 3one4 Capital. The round also saw participation from existing investor Japanese VC firm I... Read More


Will Groww IPO's High OFS Portion Be A Concern For Retail Investors?

India, Sept. 19 -- Groww, India's largest retail brokerage in terms of active investors, is all set for another mega new-age tech IPO after the huge gains seen by Urban Company earlier this week. The... Read More


Blue Energy Motors Raises $30 Mn To Develop EV & LNG Trucks

India, Sept. 19 -- Electric truck manufacturer Blue Energy Motors (BEM) has secured $30 Mn (INR 264 Cr) in a funding round led by Zerodha cofounder Nikhil Kamath and listed textiles company Omnitex In... Read More