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Govt Disburses Over INR 21.5 Cr Under PLI Schemes

India, June 26 -- The government has disbursed INR 21,534 Cr under Production Linked Incentive (PLI) scheme across 12 sectors, including large-scale electronics manufacturing (LSEM), IT hardware, bulk... Read More


Karnataka ARR Likely To Reverse GST Ruling On Namma Yatri: Report

India, June 26 -- The Karnataka's Authority for Advance Ruling (ARR) is reportedly considering reversing its earlier ruling on ride hailing platform Namma Yatri that said the company is not liable to ... Read More


Interior Design Startup Flipspaces Bags INR 50 Cr

India, June 26 -- Interior design startup Flipspaces has raised INR 50 Cr ($5.9 Mn) from Asiana Fund as a part of its $35 Mn funding round. The fundraise also saw participation from Synergy Capital P... Read More


Rapido Rolls Out Service To Allow Users To Book Delhi Metro Tickets

India, June 26 -- Ride-hailing unicorn Rapido has launched a new service to allow users to directly book Delhi Metro tickets on its app through Open Network for Digital Commerce (ONDC) integration. T... Read More


Rapido Steps Up Urban Mobility Play With Delhi Metro Ticketing

India, June 26 -- Ride-hailing unicorn Rapido has launched a new service to allow users to directly book Delhi Metro tickets on its app through Open Network for Digital Commerce (ONDC) integration. T... Read More


Former ideaForge Executive's Armory Bags Funding To Build Defence Tech Systems

India, June 25 -- Former ideaForge chief marketing officer Amardeep Singh's defence tech startup Armory has raised INR 13 Cr (around $1.5 Mn) in an undisclosed funding round led by growX ventures. Th... Read More


Former Swiggy Executive's Trading Startup Bags $10.5 Mn

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


Trading Platform Sahi Bags $10.5 Mn From Accel, Elevation

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


Amicus Capital Marks Close Of Second Fund At $214 Mn

India, June 25 -- Bengaluru-based private equity firm Amicus Capital Partners has marked the final close of its second fund at $214 Mn (around INR 1,800 Cr), exceeding its initial target of $200 Mn (a... Read More


ITC Pulls The Plug On Its Online Store

India, June 25 -- FMCG giant ITC has discontinued the operations of its online store, nearly five years after launching the digital marketplace. Launched at the height of Covid-19 pandemic in Novembe... Read More