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…
Glenmark Pharmaceuticals will pay $25 million to settle a case with the US Department of Justice related to generic drug pricing. The settlement, announced late Wednesday, will be paid by Glenmark Pharmaceuticals Inc, USA, a subsidiary of the Mumbai-based company, in six installments over five years. The settlement amount will accrue interest at 4.25% per annum starting from May 28, 2024.
This…
Ride-sharing platform Rapido has announced it has successfully raised approximately $200 million in its Series E funding round, spearheaded by WestBridge Capital. The round also included contributions from existing investor Nexus as well as new participants Think Investments and Invus Opportunities. This latest investment has propelled Rapido’s post-money valuation to $1.1 billion.
The new…
Pune-based sportstech startup Spolto has successfully raised $1 million in a seed funding round, marking a significant milestone in its mission to enhance sports access and development across urban India. The funds will be utilized to broaden the startup’s services and increase its reach within urban communities, aligning with its vision to make sports an integral part of everyday life for…
Indian cryptocurrency exchange CoinDCX has announced the appointment of Prashant Verma as the Chief Growth and Marketing Officer (CGMO) of the DCX Group. This strategic move is set to bolster the company’s efforts in user acquisition, revenue growth, and brand enhancement across India, as well as strengthen its international presence.
Prashant Verma’s New Role
In his new role at CoinDCX, Verma…
Bengaluru-based direct-to-consumer (D2C) startup BoldFit, backed by Indian cricketer KL Rahul, is reportedly in advanced negotiations to secure $12-15 million (approximately INR 100-120 crore) in its largest institutional funding round to date. Sources familiar with the discussions have revealed that Bessemer Venture Partners, a prominent venture capital firm with a track record of investing in…
In the latest development in India’s bustling IPO market, coworking space provider IndiQube is gearing up for a significant public listing. The Bengaluru-based startup is in advanced talks with merchant bankers to finalize its IPO plans, aiming to file its draft red herring prospectus (DRHP) within the next three months. The company plans to raise between INR 1,000 Cr and INR 1,500 Cr…
On September 4, 2024, India’s Ministry of Electronics and Information Technology (MeitY) unveiled Vishvasya, a groundbreaking national blockchain technology stack designed to enhance transparency, security, and efficiency across various sectors. The new tech stack, which aims to provide blockchain-as-a-service (BaaS), represents a significant step forward in the country’s efforts to leverage…
