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Temasek Offloads Lenskart 3.56 Cr Shares In Multiple Tranches

India, July 14 -- Singapore-based investment firm Temasek Holdings has sold 3.56 Cr shares, or a 2.05% stake, in omnichannel eyewear retailer Lenskart through multiple open-market transactions. In a ... Read More


IPO-Bound Zepto Eyes Premium Grocery Segment To Take On Blinkit, Instamart

India, July 14 -- In a bid to expand its offerings ahead of its public market debut, Zepto is reportedly exploring the launch of premium grocery service - Select - within its app. The service, which ... Read More


Avendus Eyes Final Close Of Future Leaders Fund III At Rs.1,800 Cr By July-End

India, July 14 -- Avendus said it is set to mark the final close of its Future Leaders Fund III at around Rs.1,800 Cr (about $187 Mn) by the end of July, as the private equity firm looks to step up in... Read More


Elevation Capital Launches Fund IX With $500 Mn Corpus To Back AI-Led Startups

India, July 14 -- VC firm Elevation Capital has launched Fund IX with a target corpus of $500 Mn to back Indian startups across consumer tech, consumer brands, fintech and financial services, enterpri... Read More


Early Backer Augusta TBO Sells 2.04% Stake In TBO Tek

India, July 14 -- Early backer Augusta TBO (Singapore) Pte Ltd. today offloaded 2.04% stake in listed B2B travel tech platform TBO Tek via open-market transactions. In a filing with the exchanges, TB... Read More


Social Media Wars, GoKwik Axes 120 Jobs & More

India, July 13 -- Uniform Norms For Social Media The IT ministry is crafting uniform standards for all messaging apps. But the timing is conspicuous. The move comes right as the username features of ... Read More


Inside The Numbers Lifting IPO-Bound Cult.fit

India, July 13 -- After years of prioritising expansion over profitability, Cult.fit's pre-IPO papers and draft red herring prospectus (DRHP) suggest that the fitness startup may finally be focusing o... Read More


Exclusive: BUILT Bags $2 Mn To Bring 'Natural Movement' Footwear To India

India, July 13 -- D2C footwear startup BUILT has raised $2 Mn (about Rs.17 Cr) in a pre-seed funding round from Singapore-based VC firm Tanglin Venture Partners to expand what it calls India's 'natura... Read More


Centre's Spacetech Fund Makes Maiden Investment, Backs Dhruva Space With Rs.60 Cr

India, July 13 -- Spacetech startup Dhruva Space has netted Rs.60 Cr ($6.3 Mn) in funding from IN-SPACe's recently commissioned VC fund Antariksh Venture Capital Fund (AVCF). The fresh investment in ... Read More


Delhi HC Orders Meta To Remove Zee's Pirated Content From Facebook

India, July 13 -- The Delhi High Court (HC) has reportedly passed a John Doe order directing Meta to take down multiple Facebook URLs allegedly hosting Zee Entertainment Enterprises Limited's (ZEEL) u... Read More