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Evera Expands B2C Portfolio, Launches Hourly Rental Service

India, Sept. 16 -- EV ride-hailing startup Evera has expanded its B2C play by rolling out hourly rental service. The startup said that the new offering will facilitate users with flexible hourly renta... Read More


Urban Company IPO: Accel To Rake In 27X Gain, Elevation To Pocket 19X Return

India, Sept. 16 -- With shares of Urban Company expected to start trading tomorrow following its INR 1,900 Cr IPO, the company's early investors like Accel, Elevation Capital, Tiger Global, among othe... Read More


Nazara Gets Shareholders' Nod for Stock Split, Bonus Issue

India, Sept. 16 -- Gaming major Nazara Technologies has received the go-ahead from its shareholders for undertaking a stock split and a bonus issue of shares. On August 12, the company's board propos... Read More


PharmEasy To Raise INR 1,700 Cr Debt

India, Sept. 16 -- API Holdings, the parent company of PharmEasy, is planning to raise INR 1,700 Cr (about $193 Mn) via redeemable non-convertible debentures (NCDs) by pledging the shares of its liste... Read More


RBI Issues New Master Directions For Payment Aggregators

India, Sept. 16 -- The Reserve Bank of India (RBI) on Monday (September 15) issued new master directions to regulate payment aggregators (PAs) in the country. Called Reserve Bank of India (Regulation... Read More


How Zepto's Brand Engine Keeps Its 10-Minute Promise Alive

India, Sept. 16 -- By early 2021, India's online grocery market had reached an inflexion point. The initial challenge, persuading consumers to buy from e-marketplaces for convenience, was largely over... Read More


Zappfresh IPO : Price Band Set At INR 96-101

India, Sept. 16 -- A day after filing its red herring prospectus (RHP), meat delivery startup Zappfresh has set a price band of INR 96 to INR 101 per share for its SME initial public offering (IPO) th... Read More


Info Edge Engages Law Firm To Probe Whistle-Blower Complaint About 99acres

India, Sept. 15 -- Naukri parent Info Edge has received a whistle-blower complaint alleging violation of company policies by certain employees of its real estate business vertical 99acres. In an exch... Read More


Veefin Gets Board Nod To Raise INR 94 Cr

India, Sept. 15 -- Listed fintech SaaS company Veefin Solutions today received board approval to raise INR 94.1 Cr (about $11 Mn) by issuing fresh equity shares and convertible warrants. Marking its ... Read More


Pascal AI Raises $3.1 Mn From Kalaari, Info Edge Ventures To Automate Investment Research

India, Sept. 15 -- Fintech-focussed AI SaaS startup Pascal AI Labs has raised $3.1 Mn (about INR 26 Cr) in its seed funding round led by Kalaari Capital. The round also saw participation from Norwest ... Read More