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Turtlemint IPO: Issue Subscribed 32% On Day 1 So Far

India, June 19 -- Insurtech company Turtlemint's IPO got off to a steady start on the first day of bidding. As of 14:09 IST, investors placed bids for 1.04 Cr shares against a total offer size of 3.29... Read More


HealthQuad Marks First Close Fund III At Rs.550 Cr

India, June 19 -- Quadria Group-backed VC firm HealthQuad has announced the first close of its Rs.1,700 Cr (about $180 Mn) Fund III with commitments of Rs.550 Cr (about $58.2 Mn). In a statement, the... Read More


Reliance Jio Rejects Telegram Founder's GBP Hijacking Allegations

India, June 18 -- IPO-bound Reliance Jio has rejected the allegations that it is intentionally blocking access to online messaging platform Telegram even for users outside of India. On Wednesday, Tel... Read More


Centre Likens Telegram To Dark Web, Calls It A Hub For Bad Actors

India, June 18 -- In a counter affidavit against Telegram's plea for a temporary restriction, the Central government reportedly told the Delhi High Court today that the messaging platform has become a... Read More


Turtlemint IPO: Cash Burn In Focus After Rs.397 Cr Anchor Round

India, June 18 -- Insurtech startup Turtlemint has raised Rs.397.2 Cr from anchor investors. The platform allotted 2.61 Cr equity shares to anchor investors at Rs.152 each, the upper band of its price... Read More


Petcare Startup Vetic Secures $40 Mn To Scale Clinic Network

India, June 18 -- Pet healthcare startup Vetic has secured $40 Mn (Rs.377.7 Cr) in a funding round led by existing investor Bessemer Venture Partners, with participation from Greenoaks Capital, Lachy ... Read More


HCLTech's Sarvam AI Bet: Is Patient Capital Finally Here?

India, June 18 -- Sovereign AI is back in the spotlight. India tried to position itself as a 'neutral' market through the India AI Impact Summit in February this year, but the landscape has completel... Read More


Karo Sambhav Raises Rs.56 Cr To Turn E-Waste Into Critical Raw Materials

India, June 18 -- Cleantech startup Karo Sambhav has raised Rs.56 Cr ($5.9 Mn) in its Pre-Series A funding round from Rainmatter to scale critical raw material recovery from end-of-life products. The... Read More


How Startups Are Rebuilding Their Cloud Stack For Profitability, Scale

India, June 18 -- In a Bengaluru coworking space, a two-year-old SaaS startup is getting ready for a product demo with a large enterprise client. The team is fixing last-minute bugs, testing new featu... Read More


Digital Entertainment Startup Rusk Media Secures Rs.100 Cr

India, June 18 -- Mumbai-based digital entertainment startup Rusk Media has raised Rs.100 Cr (about $10.6 Mn) in its pre-series C funding round led by existing investor Nazara Technologies, with parti... Read More