Hevo Data Raises $30 Mn In Series B Funding Round
No-code data integration platform Hevo Data has raised $30 million in a Series B funding round. Led by Sequoia Capital India, the funding round also saw participation from Lachy Groom, Chiratae Ventures, Qualgro, and other angel investors.   As per the startup, the raised funds will be used to scale sales […]
Cars24 Financial Services Raises Debt Funding Of Rs 10 Crores From Vivriti Capital
Cars24 Financial Services has raised its first debt funding of Rs 10 crores from Vivriti Capital. As per the company, it plans to utilize the funding amount to lend to small dealers and consumers across 50 cities where Cars 24 operates. Talking about Cars24 Financial Services, Ruchit Agarwal, Co-Founder and […]
SBI Plans To Invest $150 Mn To Set Up A B2B eCommerce Marketplace For MSMEs
State Bank of India (SBI) is all set to invest $100 Mn to $150 Mn (Rs 750 Cr to Rs 1000 Cr) to set up its latest B2B eCommerce marketplace. Named Bharat Craft, this B2B eCommerce marketplace will be designed for micro, small and medium enterprises (MSMEs). Proving details about […]
Ola Partners With PhonePe To Provide Its Customers With Better Payments Experience
To provide its customers with better mobility experience, Ride-hailing startup Ola has joined hands with payment platform PhonePe. With this partnership, Ola users can now enjoy a seamless and convenient payment experience on the Ola app. Talking about providing its customers with superlative and safe mobility experiences, Anand Subramanian, Ola […]
Bangalore Based Co-Living Startup Zolo Raises $56 Million In Series C Funding
Co-living startup Zolo has raised $56 million in Series C funding led by Investcorp, Mirae Assets, Nexus Venture Partners, and Trifecta Capital, among others. As per the startup, it plans to use the fresh funds to improve its technology, locking in more inventory, and strengthening AI-driven operating platforms. Talking about […]
Around 70% Of Indian Startups Impacted By COVID-19, Shows Latest Survey
As per the latest survey, only around 22% of Indian startups have cash reserves for the next 3-6 months. A joint survey, ‘Impact of COVID-19 on Indian Start-ups’, conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) together with the Indian Angel Network shows that only 22% of […]
With Increased User Load, Indian Social Media Apps Face Challenges
Since PM Modi’s push for ‘Made In India’ products and ‘Aatm Nirbhar Bharat’ majority of the Indian startups are witnessing an overwhelming growth. And in the digital space, what made the growth exponential is the ban on 59 Chinese apps. But as soon as the user load increased, Indian social […]
Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding
B2B startup Bulk MRO has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures. The venture fund has also partnered with one of India’s leading banks for the deal. Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a Mumbai-based B2B startup that enables the […]
Co-Living Startup ‘Zolo’ To Forgo Rental Payments For Tenants Hit By Job Cuts
Co-living startup Zolo has started waiving off rental payments of some of its residents who have recently lost their jobs due to the COVID-19 pandemic. As per Nikhil Sikri, chief executive of Zolo, the startup will waive off rental payments for eligible residents across all of its 450 properties in […]
Indian Short Video Platform ‘Mitron’ Raises Rs 2 Crore In Seed Funding
Mitron has raised Rs 2 crore in seed funding from 3One4 Capital and Lets Venture. This development comes just two days after the Indian government banned 59 Chinese mobile applications. For those who are completely unaware of the Mitron App, Mitron is an Indian short-form video app like TikTok, founded […]