Prodigy Finance Raises $310 Million to Fund Education for Global Students
In a move that will help thousands of students around the world access top-tier education, Prodigy Finance, a global leader in education financing, has secured a $310 million investment from the U.S. International Development Finance Corporation (DFC). This partnership marks the second time Prodigy Finance has teamed up with…
In a bold move to expand its services and reach high-net-worth individuals (HNIs), wealthtech startup Nivesh has acquired Wealthzi, a wealth management platform. While the financial terms of the deal remain undisclosed, this acquisition is set to enhance Nivesh’s product offerings and solidify its position in India’s rapidly growing wealth management sector.
What This Acquisition Means for…
In a bold move to strengthen its financial position and repay outstanding debt, Zoomcar, the NASDAQ-listed self-drive car-sharing marketplace, has announced a $9.15 million private placement deal with institutional investors. With the sale of units priced at $4.28 each, the company is positioning itself for growth, addressing its debt obligations, and increasing working capital. But what does this…
Microsoft’s AI efforts are making big strides in India, with the country emerging as one of the company’s fastest-growing markets. In a recent event held in Bengaluru, Mustafa Suleyman, the CEO of Microsoft AI, shared insights on how India is playing a crucial role in shaping the future of artificial intelligence. With an expanding market and a strong local workforce, India is quickly becoming…
Space exploration is no longer just about launching rockets—it’s about creating cutting-edge technology that makes space more accessible. XDLINX Space Labs, a young but ambitious space startup, has raised $7 million in seed funding to help make this vision a reality. With backing from prominent investors like Ashish Kacholia of Lucky Investments and firms like E2MC and Mana Ventures, XDLINX is…
Lenskart, India’s leading omnichannel eyewear retailer, has posted a 43% growth in revenue for the fiscal year 2024, reaching Rs 5,427 crore, but it faced a slower pace of growth compared to the previous year. Despite its continued success in terms of revenue, the company reported a small loss of Rs 10 crore, showing its careful efforts to balance growth and cost management.
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In a major development for the fintech and SME export sectors, MODIFI, a tech-driven financial solutions startup, has successfully raised $15 million in a new funding round. The investment, led by the SMBC Asia Rising Fund, marks a significant step in MODIFI’s mission to support small and medium-sized enterprises (SMEs) across Asia with innovative cross-border financing solutions.
This strategic…
In a bold move to disrupt the traditional home financing sector, Easy Home Finance, a leading lending tech startup, has raised a whopping $35 million in its Series B funding round. The round was co-led by Claypond Capital, the investment office of Manipal Group’s Ranjan Pai, and Sumitomo Mitsui’s Asia Rising Fund, with support from existing investors including Xponentia Capital, Finsight…
Swiggy, India’s popular food and grocery delivery platform, is making major moves as it prepares for its highly anticipated Initial Public Offering (IPO). The company has successfully raised ₹5,085 crore (around $600 million) from more than 75 anchor investors. This marks a key milestone ahead of the official IPO launch, set to happen soon. Here’s everything you need to know about Swiggy’s…
In a major strategic move, Veefin Solutions, a listed fintech startup, has made its first overseas acquisition by purchasing a 50% stake in Walnut, a Singapore-based GenAI startup. This all-cash deal marks a significant milestone for Veefin as it expands its global footprint, adding cutting-edge artificial intelligence (AI) capabilities to enhance its offerings for corporate and banking…
