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ShareChat Eyes Up To $400 Mn IPO In FY28

India, July 2 -- Social media unicorn ShareChat is looking to raise up to $400 Mn through an initial public offering (IPO) planned for next fiscal year. Manohar Charan, the cofounder and CFO of Share... Read More


Bike Bazaar's Debt Spiral, Dream11 Shuts Fintech Arm & More

India, July 2 -- Crisis At Bike Bazaar Bike Bazaar's lending engine appears to have stalled. With disbursements frozen, ratings cut and securitised pools worsening, the two-wheeler financing platform... Read More


How Bike Bazaar Ran Into A Credit Crisis

India, July 2 -- Pune-based two-wheeler finance startup Bike Bazaar has stopped lending, halting all new disbursements beginning December 2025 owed to a sharp deterioration for its loan book. Credit r... Read More


Udaan's Creditors Initiate Bankruptcy Proceedings Against Its Parent In Singapore

India, July 2 -- IPO-bound B2B ecommerce unicorn Udaan's global creditors have initiated insolvency proceedings against it over default on bonds. A report by ET, citing sources, said global creditors... Read More


Battery Tech Startup BatX Energies Nets Rs.105 Cr To Bolster R&D

India, July 2 -- Battery recycling startup BatX Energies has raised Rs.105 Cr (over $11 Mn) in its Series A funding round led by IvyCap Ventures, along with participation from existing investors Zephy... Read More


Age Care Labs Raises Rs.85 Cr To Build Senior Living Communities

India, July 2 -- Eldercare startup Age Care Labs has raised Rs.85 Cr (about $9 Mn) in a Series B1 funding round, part of its larger Series B raise of Rs.250 Cr ($30 Mn), which is expected to close in ... Read More


Sparrow Capital Closes Third Fund At Rs.475 Cr To Back Seed Stage Startups

India, July 2 -- VC firm Sparrow Capital has closed its third fund with a corpus of Rs.475 Cr (about Rs.50 Mn), surpassing its initial target of Rs.400 Cr. The fund is sector agnostic and Sparrow Cap... Read More


UPI In June: Transaction Volume Declines 2% MoM To 22.72 Bn

India, July 1 -- UPI transaction volume declined 2.1% to 22.72 Bn in June from 23.20 Bn in the previous month. As per the NPCI's data, the total UPI transaction value also decreased 3.3% to Rs.28.92 L... Read More


Dream Sports Shuts Fintech Platform Dream Money Within A Year Of Launch

India, July 1 -- Dream11 parent Dream Sports is scaling back its diversification efforts, shutting down its fintech vertical Dream Money less than a year after its launch. Last month, the company also... Read More


India Trains The World's Robots, But At What Cost?

India, July 1 -- In the 1990s, American hospitals began routing physician dictations to transcriptionists in Bangalore and Chennai. It was unglamorous work, but India was good at it. Thirty years on,... Read More