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Fundamentum Frontier Advisors Marks First Close Of Rs.3,000 Cr Deeptech-Focused Fund

India, Oct. 13 -- Ex-Fundamentum's cofounder Ashish Kumar's VC firm Fundamentum Frontier Advisors (F2A) has marked the first close of its growth-stage AI and deeptech fund at Rs.3,000 Cr, India's larg... Read More


NPCI Defers UPI MDR Implementation Till Post Diwali

India, Oct. 13 -- The National Payments Corporation of India (NPCI) has deferred the introduction of merchant discount rate (MDR) on select UPI person-to-merchant (P2M) transactions until immediately ... Read More


e-Sprinto Enters B2C Market With G1 Escooter, Eyes 5,000 Sales By March

India, Oct. 13 -- Electric two-wheeler maker e-Sprinto has entered the business-to-consumer (B2C) market with the launch of its G1 family electric scooter, priced at Rs.89,999 onwards, as the startup ... Read More


Qualcomm Sells Shadowfax Shares Worth Rs.157 Cr In Bulk Deal

India, Oct. 13 -- Early backer Qualcomm Ventures has sold 57.1 Lakh shares of listed logistics company Shadowfax via an open-market transaction for Rs.157.3 Cr. According to BSE data, the chipmaker, ... Read More


Zetwerk Sets IPO Price Band At Rs.143-Rs.151 For Rs.5,012 Cr Issue

India, Oct. 12 -- B2B manufacturing company Zetwerk has set a price band of Rs.143-Rs.151 per share for its IPO, which will be worth Rs.5,012.3 Cr at the upper end of the band. The issue comprises a ... Read More


Tonbo Imaging Sets IPO Price Band At Rs.665-Rs.700 For Rs.852 Cr Issue

India, Oct. 12 -- Defence tech company Tonbo Imaging India has set a price band of Rs.665-Rs.700 per equity share for its Rs.852.1 Cr OFS-only IPO. The IPO comprises an OFS of up to 1.22 Cr equity sh... Read More


Pledge, Sell, Pledge Again: Bhavish Agarwal & Ola Electric's Dilemma

India, Oct. 12 -- For close to two years, Bhavish Aggarwal has been stuck between a rock and a hard place. All to keep Ola Electric and his other ventures going without giving up control of the compan... Read More


RDI Fund Announces First Cohort Of 19 Fund Managers, Eyes Deploying Rs.7,131 Cr To Strengthen Deeptech Startups

India, Oct. 12 -- Central government-backed Rs.1 Lakh Cr Research, Development and Innovation (RDI) Fund has approved 19 second-level fund managers (SLFMs) with a total commitment of Rs.7,131 Cr. The... Read More


Nazara Top Deck Shuffle: Founder Mittersain Steps Down As MD; Caratlane's Sacheti Takes Executive Role

India, Oct. 12 -- Listed gaming major Nazara Technologies announced a major leadership reshuffle today, highlighted by founder Nitish Mittersain stepping down as the company's managing director. Mitt... Read More


Whizzo To Raise $26 Mn From Aavishkaar Capital, Bertelsmann

India, Oct. 12 -- Bengaluru-based Whizzo is in talks to raise around $26 Mn in its Series B funding round which could be co-led by Aavishkaar Capital and Bertelsmann Investments (BI), Inc42 learnt. A... Read More