Groww Rolls out US Stocks for limited Users, soon plans to launch Derivatives

Online investment platform Groww has launched ‘U.S stocks’ on its platform for limited users, meaning this new product offering is still in a beta or trail stage. According to sources, the company is planning to launch ‘U.S stocks’ on a full-fledge basis in the next two-three months. On its official website, Groww has already enlisted American…

ByGirish ShettiSeptember 11, 20200Comments

Funding News

Tiger Global Debuts in Food Tech with $102 Mn funding in Zomato

Zomato has raised fresh $102 Mn or INR 760 crore from Tiger Global in the ongoing series J round, this is a top-up from $62 Mn it secured from existing investor Temasek barely a week ago. Investors are apparently showing palpable confidence in the company despite the fact that foodtech sector was reeling badly in…

ByGirish ShettiSeptember 10, 20200Comments

News

Times Internet’s Revenue Increases By 24% to clock Rs 1,625 crores In FY20

India’s leading digital product company Times Internet on Thursday announced that its annual revenue in FY20 has increased by 24% to reach Rs 1,625 crores. However, the company did not share figures about its total expenses and therefore it is not clear whether the company made a profit or loss in FY20. Notably, Bennett and…

ByGirish ShettiSeptember 10, 20200Comments

Funding News

Y Combinator’s Investment arm leads $30 Mn Round in Groww

Online investment startup Groww has nabbed $30 Mn in its latest funding raising round, the Bengaluru based company announced on Thursday. New investor Continuity Fund, the investment fund operated by famous startup accelerator program Y Combinator, led the latest financing round. Existing investors Ribbit Capital, Sequoia Capital and Propel Venture Partners also reportedly participated in…

ByGirish ShettiSeptember 10, 20200Comments

funding

Byju’s raises additional $500 Mn from Silver Lake & Other Existing Investors

Barely weeks after raising INR 908 crores or $122 Mn from DST Global, Byju’s has now raised $500 Mn from Silver Lake and other existing investors. According to reports, existing investors include Tiger Global, General Atlantic and Owl Ventures. Byju’s has so far not made any major announcement about this funding but sources claim that…

ByGirish ShettiSeptember 8, 20200Comments

News

Post Zomato Fallout, TechEagle launches Drone Services for Healthcare Products in Ethiopia

In June this year, TechEagle had hogged media limelight for the cancelation of its acquisition deal with Zomato. Many theories were floated around over what really led to the revocation of the deal, with some sources claiming that the two companies simply could not find a common ground over their long term ambition. Now almost two…

ByGirish ShettiSeptember 8, 20200Comments

Funding News

BluSmart raises $7 Mn, Initiates ESOP scheme worth 22 Lac

Electric ride hailing platform BluSmart announced on Monday that it has raised $7Mn or 51 crores in Pre-series A funding round. The round saw participation of multiple investors including Inflection Point Ventures, Chhattisgarh Investment limited, Lets Ventures, Uday Venture and JITO Angels. The company has already received approximately INR 8 crores in the first tranche, ROC…

ByGirish ShettiSeptember 7, 20200Comments

News

Will the PSL tag help startups win over Bank loans

Last month, Reserve Bank of India took an unprecedented decision by including startups under priority sector lending category (PSL). The decision, which was unanimously hailed by the startup community, was aimed at increasing the credit penetration in the cash-starved startup industry. Last week, India’s central bank issued fresh guidelines with regards to PSL, requesting banks…

ByGirish ShettiSeptember 7, 20200Comments

Funding News

Vernacular Gaming Platform Winzo tops up $18Mn in Series B round

Vernacular Gaming Platform Winzo has nabbed $18Mn in series B round led by Singapore based Makers Fund and Courtside Ventures. Existing investors Kalaari Capital and Bellerive Capital also invested in the round. Alongside, several individual investors have equally participated in this round. According to reports, this is Makers Fund and Courtside Ventures’ first investment in…

ByGirish ShettiSeptember 4, 20200Comments

Funding News

Exclusive: Sequoia backed Finova Capital raises INR 15 Crore Debt from Bank of Baroda

NBFC and Fintech startup Finova Capital, which offers loans to MSME and small enterprises, has raised 15 crore debt from Bank of Baroda (BOB). The fresh debt funding has come after it raised $15 Mn in series B equity funding round in March this year. According to the regulatory filings, Finova Capital has issued 150 non-convertible…

ByGirish ShettiSeptember 4, 20200Comments

Best Choice for Creatives