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Nazara COO Sudhir Kamath To Step Down

India, March 13 -- Online gaming giant Nazara has said that its chief operating officer (COO) Sudhir Kamath will step down from the company. In a filing with the exchanges, Nazara said that Kamath's ... Read More


Purple Style Labs Bags $40 Mn To Strengthen Its Omnichannel Play

India, March 13 -- Pernia's Pop-Up Shop parent Purple Style Labs has raised $40 Mn (INR 348.2 Cr) in its Series E funding round, which was a mix of primary infusion and secondary share sale. While 40... Read More


Indian VCs Pile Up On SaaS Deals In Chase For AI Gold

India, March 13 -- In the face of global geopolitical shifts, Indian VCs and startup investors are increasingly seeing AI and SaaS investments as the moat for the Indian startup ecosystem in competing... Read More


India Should Focus On Cost-Effective Ways To Fuel AI Innovation: Mohandas Pai

India, March 13 -- Former Infosys CFO and partner at Aarin Capital TV Mohandas Pai reportedly believes that India should focus on "cost-effective" ways to fuel advancements in the artificial intellige... Read More


SBI To Establish Project Finance Unit For AI, Ecommerce, Fintech

India, March 13 -- The State Bank of India (SBI) is setting up a new unit to provide project financing solutions for new-age industries such as artificial intelligence (AI), ecommerce, and fintech. T... Read More


Unicommerce Promoters Kunal Bahl, Rohit Bansal Increase Stake In Company

India, March 12 -- Kunal Bahl and Rohit Kumar Bansal, the promoters and directors of Unicommerce, have increased their stakes in the listed SaaS company by acquiring 93,500 additional shares from the ... Read More


Apple Antitrust Case: CCI Backs Big Tech's Bid To Not Disclose Sensitive Data

India, March 12 -- The Competition Commission of India (CCI) has reportedly backed Apple's contention, which sought to block Tinder owner Match Group and a clutch of Indian startups from accessing the... Read More


Ex-Zomato COO Partners Deepinder Goyal To Launch New Startup LAT Aerospace

India, March 12 -- Foodtech major Zomato's former chief operating officer (COO) Surobhi Das has reportedly founded an aerospace startup LAT Aerospace, and roped in Zomato CEO Deepinder Goyal as a non-... Read More


PB Fintech, Founders To Infuse INR 829 Cr In Healthcare Arm

India, March 12 -- Listed insurtech company PB Fintech has received approval from its board to invest INR 696 Cr (around $80 Mn) in its wholly owned subsidiary PB Healthcare Services Pvt Ltd. The Pol... Read More


Bessemer Closes Second India-Focussed Fund At $350 Mn

India, March 12 -- US-based venture capital firm Bessemer Venture Partners has closed its second India-focussed fund with a corpus of $350 Mn (INR 3,052.3 Cr) to support early stage startups. The glo... Read More