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Exclusive: Mad Over Buildings To Raise Rs.30 Cr To Enter New Cities

India, June 12 -- Bengaluru-based construction and interior materials marketplace Mad Over Buildings (MOB) has signed a term sheet to raise Rs.30 Cr (about $3.5 Mn) in a round led by an institutional ... Read More


Stake Sale At Lenskart, Ethereal Bags $28 Mn & More

India, June 12 -- ADIA Sheds Lenskart Stake Investors are booking profits after the expiration of the IPO lock-in period for Lenskart shares. Abu Dhabi Investment Authority (ADIA) has now sold the ey... Read More


Why Avataar Is Bullish About Cracking AI Video And Outdoing Global Giants

India, June 12 -- The race in AI video generation is currently being dominated by global giants like OpenAI, Google and Chinese startups flush with compute budgets running into the billions of dollars... Read More


Meesho To Acquire GSF-Backed Kirana Club For Rs.202 Cr

India, June 12 -- Ecommerce major Meesho will acquire B2B commerce startup Kirana Club in an all-cash deal worth Rs.202.08 Cr (about $21.2 Mn). The company said the transaction is expected to be compl... Read More


AI Cloud Service Provider E2E Networks Debuts On BSE Mainboard

India, June 12 -- NSE-listed E2E Networks' stock made its debut on BSE's Mainboard exchange today post securing the necessary approvals from the exchanges. The Delhi NCR-based company informed stock ... Read More


Relief For Byju Raveendran: Singapore HC Stays Jail Sentence

India, June 12 -- In a major relief for BYJU's founder Byju Raveendran, the Singapore High Court (HC) has stayed the jail sentence. The court had sentenced the cofounder to a six month jail term on th... Read More


AUM Ventures Launches Rs.750 Cr Fund To Back Deeptech Startups

India, June 12 -- Early-stage focused venture capital (VC) firm AUM Ventures has launched its second fund, the India Innovation Fund II, with a target corpus of Rs.750 Cr ($80 Mn). With the Cat II AI... Read More


Rohit Sharma Backs Fitness Startup Fittr

India, June 12 -- Pune-based fitness startup Fittr has onboarded Indian cricketer Rohit Sharma as an investor and equity partner, deepening a relationship that began with his role as the brand's ambas... Read More


IPO-Bound PRISM Gets Relief In Rs.3,885 Cr Angel Tax Demand Case

India, June 12 -- Hotel aggregator OYO, now rebranded as PRISM, has received a tax relief of Rs.3,885.51 Cr, which was in relation to its share premium received by it from parent entity Oravel Stays L... Read More


How Keka Found The PMF To Build A Rs.130 Cr HR Tech Business

India, June 12 -- It was 2014, and HR managers were actively discussing how they could move beyond traditional administrative responsibilities to become strategic business partners. At the time, HR de... Read More