Meesho Expands Board with Four Independent Directors as Company Eyes Strategic Shift
E-commerce giant Meesho has bolstered its board of independent directors with the appointment of four distinguished business leaders, signalling a strategic evolution for the company. The new board members include Hari S Bhartia, founder of Jubilant Bhartia Group, along with Kalpana Morparia, former Chairman of JP Morgan; Rohit Bhagat, non-executive Chairman of PhonePe; and Surojit […]
Bebe Burp Secures Rs 8 Crore in Pre-Series A Round Led by Gruhas Collective Consumer Fund
Baby food brand Bebe Burp has successfully raised Rs 8 crore (approximately $1 million) in a pre-Series A funding round, spearheaded by venture capital firm Gruhas Collective Consumer Fund (GCCF). Launched earlier this year, GCCF is a collaboration between Gruhas and Collective Artists Network, aiming to support promising consumer brands. Based in Surat, Bebe Burp […]
ShareChat Secures $16 Million in Additional Debt Funding and Cuts 5% of Workforce
Mohalla Tech, the parent company of vernacular social media platform ShareChat and short video entertainment app Moj, has expanded its debt round with an additional $16 million infusion from Singapore-based EDBI, bringing the total to $65 million. This latest funding comes on top of the $49 million raised in April from existing investors including Temasek, […]
Neo Secures $26.5 Million in Series B Funding Round
Neo, a wealth and asset management company, has initiated its Series B funding round, securing Rs 220 crore ($26.5 million). Crystal Investment primarily led this round, which contributed Rs 140 crore ($16.8 million). Additional participation came from Mufg Bank and individual investor Deepak Agarwal, investing Rs 78 crore and Rs 2 crore, respectively. The Series […]
Ransomware Attack Disrupts 300 Small Banks: Insights from Sequretek’s Cyber Experts
A recent ransomware attack has disrupted the operations of over 300 small banks, highlighting a significant vulnerability in the financial sector. This incident serves as a stark reminder of the critical importance of robust cybersecurity measures in preserving the integrity of our financial systems. The breach has not only disrupted essential banking services but has […]
Kinetic Green Secures $20 Million Investment from Greater Pacific Capital
Kinetic Green, the electric vehicle (EV) arm of the Kinetic Group, has successfully raised $20 million (approximately Rs 168 crore) in a mix of equity and debt from Greater Pacific Capital. This marks the first investment round for the Pune-based company in 2024. According to the company’s regulatory filing with the Registrar of Companies (RoC), […]
Scimplify Secures $7 Million in Series A Funding Led by Omnivore
Scimplify, a leading platform for sourcing and manufacturing speciality chemicals, has raised Rs 59 crore (approximately $7 million) in its Series A funding round. The investment round saw participation from both new and existing investors, marking a significant milestone in the company’s growth journey. The board at Scimplify approved a special resolution to issue 17,514 […]
Square Insurance Secures $3 Million in Pre-Series A Funding Round
Insure-tech startup Square Insurance has successfully raised $3 million (approximately Rs 25 crore) in a pre-Series A funding round co-led by BizDateUp and Negen Capital, with participation from notable investors such as Prashant Kothari and Yogesh Chaudhary. Square Insurance plans to utilize the fresh funds to enhance its technology infrastructure, focusing on improving its AI-driven […]
Zomato to Launch ‘District’ App for Dining Out, Events, and Ticketing Business
Foodtech and quick commerce platform Zomato has announced the launch of ‘District,’ a new app dedicated to its “going-out” business, which includes dining and ticketing services for movies and events. “Today, Zomato and Blinkit are our two large consumer businesses, serving customers’ needs at home. However, we also have one of India’s largest ‘going-out’ businesses, […]
Acculi Labs Secures $1.5 Million to Advance AI-Driven Healthcare Solutions
Acculi Labs, a deep-tech life growth solution provider, has successfully raised $1.5 million in a new funding round led by Sabi Holding India Ltd, reaching a valuation of $25 million. This marks a significant milestone for the Bengaluru-based startup, which had previously secured Rs 5 crore in seed funding from PirE Ventures in 2020. The […]
