Bitcoin’s (BTC) recent attempt to break the $100,000 mark has faced a significant pause, with the price remaining locked between $90,000 and $100,000 for the third week running. Despite a brief spike to six figures on Dec. 5, the breakout seems to have lost steam, leaving traders wondering what’s holding back further upward momentum. The answer, according to experts, lies in two key factors…
Mintifi Secures $180 Million to Expand Its Supply Chain Financing Platform
In a major boost for the fintech sector, Mumbai-based Mintifi, a leading B2B lending and supply chain financing platform, has raised $180 million in its Series E funding round. This round was co-led by Teachers’ Venture Growth (TVG) and Prosus, with participation from existing investor Premji Invest.
This funding marks an…
Veeba Foods’ Viraj Bahl Joins Shark Tank India as New Shark
In exciting news for startup enthusiasts and fans of Shark Tank India, Viraj Bahl, the founder and managing director of Veeba Foods, will be joining the panel of sharks for the upcoming season. Known for his success in the food industry, Bahl’s addition to the show is set to bring fresh perspectives and valuable insights to the table…
Varthana’s $15 Million Investment: A Step Toward Better Education for Millions
Varthana, a non-banking finance company (NBFC) committed to transforming affordable education in India, has raised $15 million (Rs 120 crore) in funding from the BlueOrchard Microfinance Fund. This new investment marks a significant milestone for Varthana as it expands its mission to bridge the education gap in…
India’s Startup Ecosystem Shines Bright with Six New Unicorns in 2024
The year 2024 has been a remarkable one for India’s startup scene. Six companies have achieved the highly sought-after unicorn status—meaning they’re now valued at $1 billion or more. This impressive feat marks a huge jump from 2023, when only two startups made it to the unicorn club. With these new additions, India’s…
LambdaTest Secures $38 Million in Funding to Transform Software Testing
In a significant move to redefine software quality assurance (QA), LambdaTest, a cloud-based unified testing platform, has raised $38 million in its latest funding round. The investment was led by Avataar Ventures and saw participation from Qualcomm Ventures, pushing the startup’s total funding to a substantial $108 million.
Flipkart Partners with DPIIT to Empower Indian Startups
In a major boost to India’s vibrant startup ecosystem, Walmart-owned Flipkart has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT). This new collaboration aims to empower tech startups across the country, providing them with the resources, mentorship, and funding needed to grow and scale.
The partnership…
Netrasemi Secures ₹10 Crore Funding to Advance Edge AI Technology
In a major boost for India’s semiconductor sector, Netrasemi, a Kerala-based startup, has raised ₹10 crore in a pre-Series A funding round. The funding was provided by Unicorn India Ventures, a prominent venture capital firm. The startup plans to use the capital to accelerate the development of Edge AI solutions and expand its…
Amazon to Invest $120 Million in India’s Manufacturing and AI Startups
Amazon is making a bold move to support India’s growth and transformation into a global manufacturing hub. Through its Smbhav Venture Fund (ASVF), Amazon has committed to investing $120 million in technology-driven startups that focus on digitizing consumer goods manufacturing in India. This strategic investment will not…
In a major development, Paytm’s Singapore unit has announced the sale of its Stock Acquisition Rights (SARs) in PayPay Corporation, a Japan-based digital payments company. The deal, which is valued at JPY 41.9 billion (approximately Rs 2,364 crore), will see the SARs sold to an entity under the SoftBank Vision Fund 2.
This strategic move reflects Paytm’s ongoing focus on maximizing shareholder…
