Moneyview Raises $30 Million in Debt to Fuel Future Growth
Moneyview, the Bengaluru-based lending platform, is set to raise Rs 250 crore (approximately $30 million) through a private debt placement, marking its first major debt round in three years. The company’s board has approved the issuance of non-convertible debentures (NCDs) to facilitate this funding, according to internal documents…
Sports Nutrition Retailer Nutrabay Raises $5 Million for Growth
Sports nutrition retailer Nutrabay has successfully closed a Series A funding round, securing $5 million led by RPSG Capital Ventures and supported by Kotak Alternate Asset Managers Limited. This funding represents the first institutional investment since the company’s founding in 2017.
Investment to Fuel Expansion and…
E-commerce giant Meesho has appointed Mohit Rajani as its new Chief Product Officer (CPO). Rajani, who brings a wealth of experience from his previous roles, will lead Meesho’s product organization, overseeing product management, design, and analytics teams. This strategic appointment comes at a pivotal time for Meesho as it continues to scale its operations and refine its product…
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Coca-Cola India’s bottling arm, Hindustan Coca-Cola Beverages (HCCB), is gearing up for a significant transformation as it prepares for an Initial Public Offering (IPO). In a strategic move to capitalize on its growth trajectory and attract prominent investors, Coca-Cola is exploring the sale of a substantial stake in HCCB. This development has drawn interest from notable business…
Google is set to begin production of its Pixel 8 phones in Tamil Nadu, marking a significant move in its strategy to expand manufacturing and foster technological development in India. The announcement follows the signing of a memorandum of understanding (MoU) between Google and the Government of Tamil Nadu, with the agreement formalized during a meeting with Chief Minister M.K. Stalin at…
Blue Tokai, a prominent Indian specialty coffee and bakery brand, has successfully raised $35 million (approximately Rs 293 crore) in a Series C funding round. The investment was led by Verlinvest, a global evergreen investment firm, with additional contributions from existing investors Anicut Capital and A91 Partners.
Verlinvest, known for its investments in FMCG, health, consumer technology, and…
Zepto, the Indian grocery delivery startup, has achieved a significant milestone with its valuation climbing to $5 billion, thanks to a recent funding round led by General Catalyst Partners. This represents a remarkable 40% increase in the company’s valuation.
The $340 million funding round also welcomed new investors Dragon Fund and Epiq Capital, while existing backers such as Lightspeed…
Amidst a broader consumer slowdown affecting many retailers in India, Tata Group’s Trent Ltd. stands out with remarkable growth. Trent, one of the country’s leading apparel retailers, has defied the trend of contraction by significantly expanding its operations over the past year.
According to its latest annual report, Trent added 220 new stores and increased its workforce by 8,641 employees…
Emami Limited is set to acquire complete ownership of Helios Lifestyle Pvt Ltd, which is known for its men’s grooming brand, ‘The Man Company.’ This deal involves Emami purchasing the remaining 49.60% stake in Helios, bringing its total ownership to 100%. Emami already holds a 50.40% stake in Helios, making it a subsidiary of Emami Ltd.
The acquisition aligns with Emami’s strategy to…
PayU, a leading Indian financial services provider, has unveiled groundbreaking solutions for global payments at the Global Fintech Festival 2024 (GFF). The new offerings, including the Subscription Multiplier and Cross-Border Issuer Authentication Solution, promise to enhance the efficiency and security of international transactions, addressing key challenges in the payments ecosystem.
Next-Gen…
