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Here's Everything You Need To Know About Post-Money Valuation

India, May 16 -- What Is Post-Money Valuation? Post-money valuation refers to the estimated market value of a company after it has received external financing or capital injections. This valuation is... Read More


EV Components Maker Matel Bags $4 Mn From Transition VC, Others

India, May 16 -- Matel, a startup which makes components like power trains and motor control units for electric vehicles, has raised $4 Mn (INR 33.3 Cr) in a Series A funding round led by Transition V... Read More


Soket AI Labs Partners Google Cloud To Launch Open-Source Multilingual Model Pragna-1B

India, May 16 -- Homegrown GenAI startup Soket AI Labs has launched India's first open-source multilingual foundational model Pragna-1B in partnership with Google Cloud. As per CNBC-TV18, the model w... Read More


Zoho Eyes Semiconductor Foray, Plans $700 Mn Investment To Set Up Chip Fabrication Unit

India, May 16 -- Sridhar Vembu-led SaaS unicorn Zoho is reportedly looking to enter the semiconductor space and has applied to the Centre to seek approval to get incentives under the production linked... Read More


Infibeam Avenues Q4 PAT Rises To INR 49.2 Cr

India, May 16 -- Payments infrastructure company Infibeam Avenues posted a 28% rise in its consolidated profit after tax (PAT) to INR 49.2 Cr in the March quarter (Q4) of the financial year 2023-24 (F... Read More


Uber Gets Licence From Delhi Transport Department To Operate Bus Services

India, May 16 -- Ride-hailing major Uber has received the licence from the Delhi Transport Department to operate bus services in the national capital. As per an ET report, Uber has been granted the l... Read More


Exclusive: Battery Smart To Raise $45 Mn From Acacia, MUFG, Existing Investors

India, May 16 -- Delhi NCR-based battery-swapping startup Battery Smart is raising around INR 376.3 Cr (about $45 Mn) from existing and new investors in what seems to be a Series B funding round. As ... Read More


IAMAI Warns Draft Digital Competition Bill Will 'Dry Up' VC Funding In Tech Startups

India, May 16 -- The Internet and Mobile Association of India (IAMAI) has written to the Corporate Affairs Ministry, expressing apprehensions that the draft Digital Competition Bill will have adverse ... Read More


InstaAstro Nets $2.3 Mn To Fuel Its Astrology Offerings, Expand Into Southern States

India, May 16 -- Noida-based astrotech startup InstaAstro has raised INR 18.5 Cr (around $2.3 Mn) in a Pre-Series A funding round led by existing investor Artha Venture Fund. The round also saw parti... Read More


Awfis Sets Price Band Of INR 364-INR 383 For INR 599 Cr IPO

India, May 16 -- Coworking startup Awfis has set a price band of INR 364-INR 383 for its upcoming initial public offering (IPO). Its IPO comprises a fresh issue of shares worth INR 128 Cr and an offe... Read More