Rapido, the Indian ride-hailing startup known for its bike taxi services, has officially entered the unicorn club following a significant $200 million Series E funding round. This latest round, which values the company at $1.1 billion, was spearheaded by existing investor WestBridge Capital and saw participation from Nexus Venture Partners, Think Investments, and New York-based Invus…
Amazon Web Services (AWS), the cloud computing arm of e-commerce giant Amazon, is set to significantly boost its investment in Telangana, India. Reports indicate that AWS is in advanced discussions to inject an additional $2 billion into the state to expand its data center capabilities. This strategic move aims to further establish Telangana as a major hub for data operations and enhance its…
Mumbai-based cleantech startup ReCircle has raised an undisclosed amount of investment in a bridge funding round co-led by Mumbai Angels, Venture Catalysts, and several high-net-worth individuals (HNIs). This funding round follows a previous pre-Series A investment from notable investors including Flipkart Ventures, 3i Partners, and Acumen Fund Inc.
Founded in 2016 by Nainani and Gurashish Singh…
Chandigarh-based fashion startup Theater has raised $1.5 million in a pre-Series A funding round led by Mumbai-based venture capital firm Prath Ventures. The round also saw participation from existing angel investors, reflecting strong confidence in the brand’s growth potential.
Founded in 2021 by Sarthak Aggarwal, Vikram Jain, Karan Jain, and Shruti Aggarwal, Theater specializes in women’s…
Mumbai-based ed-fintech startup Invest4Edu has successfully raised $3 million in a seed funding round led by prominent family offices. The startup specializes in providing education planning, saving, and investment services, and plans to use the new funds to accelerate its growth and enhance its impact in early education planning and financial support.
Founded in 2021 by financial industry…
Mumbai-based proptech startup JUSTO Realfintech has successfully raised $7 million in a recent funding round led by investment management firm Arbour Investments. This funding is a strategic mix of equity and debt, with $5 million allocated as equity and the remaining $2 million infused as debt.
Founded in 2019 by Pushpamitra Das and Rahul Pande, JUSTO Realfintech specializes in providing…
Infosys co-founder N Narayana Murthy recently imparted valuable life lessons to students at Mount Everest School in Byatarayanapura. Speaking on September 3 as part of the Times of India’s ‘Teach for India’ Leaders Week, Murthy encouraged the young audience to aim beyond his own accomplishments.
When asked by a student how to emulate his success, Murthy responded, “I do not want you to…
Dr. Subhash Chandra, Chairman Emeritus of Zee Entertainment Enterprises Ltd. (ZEEL), has made serious allegations against Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI). Chandra accuses Buch of corruption and unethical behavior, claiming she is largely responsible for the collapse of the Zee-Sony merger and has attempted to harm other affiliated companies.
In a…
BYJU’S insolvency resolution professional (IRP), Pankaj Srivastava, has removed Glas Trust Co, a consortium of US-based lenders, from the committee of creditors (CoC) overseeing the troubled edtech startup’s bankruptcy proceedings. This decision came after Srivastava determined that Glas Trust did not meet the minimum 51% threshold of lenders required in the $1.2 billion Term Loan B (TLB)…
OfBusiness, the B2B marketplace unicorn, is preparing for a significant initial public offering (IPO) valued between $750 million and $1 billion. The company aims to launch the IPO in the second half of 2025 and is in the process of finalizing investment bankers to manage the public issue.
IPO Details and Investment Bankers
OfBusiness CFO Bhavesh Keswani revealed to Reuters that the startup is…
