Nykaa Expands Leadership Team
Nykaa, a leading beauty and fashion retailer in India, has announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. This strategic move aims to accelerate the growth of Kay Beauty, a popular celebrity beauty brand launched in collaboration with Bollywood actress Katrina Kaif.
Driving International Growth for Kay…
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat.
According to Tata Sons’ 106th annual report, the new plants are part of a broader…
Drip Capital, a digital trade finance platform, has successfully raised $113 million in a recent funding round, combining equity and debt to further its growth and diversify its product offerings for small and medium-sized businesses (SMBs) in key markets such as India and the US.
This funding round includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and…
InMobi-owned Roposo, a prominent player in the short video space, is undergoing a significant transformation by shifting its focus to social commerce. This strategic pivot aims to enhance monetization opportunities beyond traditional creator-led models, addressing the challenges faced in the short video industry.
Transitioning to Social Commerce
Roposo, originally known for its creator and…
VentureSoul Partners, a newly established venture debt firm, has marked a significant milestone by reaching the first close of its maiden fund, securing INR 600 crore. This fund, registered as a Category II Alternative Investment Fund (AIF) with SEBI, is set to target a total corpus of INR 300 crore, with an additional INR 300 crore in greenshoe options. The firm aims to back high-potential…
Bengaluru-based cross-border payments startup PayGlocal has recently received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This significant milestone positions PayGlocal alongside other fintech innovators in India’s rapidly evolving payments landscape.
PayGlocal’s Journey to RBI Approval
Founded in 2021 by Prachi Dharani, Rohit Sukhija, and Yogesh…
Indian water technology firm VA TECH WABAG Limited has clinched a massive $317 million contract with the Saudi Water Authority. The deal is for the engineering, procurement, construction, and commissioning of a colossal 300 million liter-per-day sea water reverse osmosis desalination plant in Yanbu, Saudi Arabia.
The plant, which is expected to be completed in 30 months, will employ advanced dual…
Valyx, an innovative AI-driven B2B revenue and receivables automation platform, has successfully secured $800,000 in a pre-seed funding round. The investment round was co-led by Huddle Ventures and Waveform Ventures, with additional support from Bharat Founders Fund and Propell Fund, which is led by Shanti Mohan of LetsVenture.
Strategic Use of Funds
Valyx plans to utilize the newly acquired…
Infibeam Avenues, a leading fintech company, has announced a strategic partnership between its flagship digital payments platform, CCAvenue, and ShopSe India, a prominent digital-first EMI/BNPL marketplace. This collaboration aims to offer a more flexible payment solution to consumers across India, enabling seamless transactions on countless merchant websites powered by the CCAvenue payment…
LiaPlus AI, a cutting-edge customer support automation platform, has successfully raised Rs 2 crore in a recent seed funding round. The round, led by Inflection Point Ventures (IPV), a prominent angel investment firm based in Gurugram, also saw contributions from Chandigarh Angel Network (CAN), Growth Sense, and Growth91. The new capital will be utilized to expand the team, forge global…
