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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... और पढ़ें


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... और पढ़ें


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 ... और पढ़ें


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... और पढ़ें


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... और पढ़ें


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... और पढ़ें


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,... और पढ़ें


Govt Asks Meta To Pause WhatsApp Username Rollout: Report

India, July 1 -- The Centre has reportedly issued a notice to Meta to pause the rollout of WhatsApp's proposed username feature in India and furnish a detailed explanation within three days. As per a... और पढ़ें


PRISM DRHP: A Look At Shareholding Pattern & Key Personnel

India, July 1 -- OYO parent PRISM has filed its updated DRHP for a fresh issue-only IPO with the SEBI. As per the company's draft IPO papers, the public issue will consist solely of a fresh issue wort... और पढ़ें


Fibe IPO Pitch: More Than A Personal Loan Platform, But Will Investors Buy In?

India, July 1 -- Earlier this week, Pune-based Fibe filed its draft red herring prospectus (DRHP) with the market regulator SEBI. With this, Fibe has now joined a growing list of Indian startups looki... और पढ़ें