Lenskart Plans To Open 300 More Stores, Sets Up ‘Lenskart Vision Fund’ To Back Startups
Delhi-based omnichannel eyewear retailer Lenskart is planning to open more than 300 new stores with the relaxation of state-wide lockdowns, taking the total to over 1,000 stores. With over 750…
Muthoot Fincorp Acquires 54pc Stake In Fintech Startup Paymatrix
Muthoot Fincorp, a Gold loan provider, has picked up a 54% stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors. This investment by Muthoot Fincorp is part of…
Tata Group Backed 1mg Plans One-hour Medicine Delivery
1mg, an online pharmacy startup, is planning to bring express delivery, typically within an hour, of medicines to its customers. First reported by ET, 1mg will ramp up the service…
Report: HNIs To Invest $30 Billion In Indian Tech Startups by 2025
As per a 256 Network and Praxis Global Alliance India report, High net-worth individuals (HNIs) are expected to invest $30 billion in Indian tech startups by 2025. The report titled…
Report: Indian Online Gaming Segment To Reach Rs 29,000 Cr By FY25
As per a report by KPMG, the Indian online gaming segment is expected to more than double at Rs 29,000 crore by FY25. The report added that the number of…
Fintech Incubator Afthonia Lab Partners With YES BANK To Help Startups Develop APIs And Test Ideas
Afthonia Lab, an Indian fintech incubator, has partnered with YES BANK to helps its portfolio startups develop their APIs in a sandbox environment and test their solutions in real-time. The…
Udaan Aims 100 pc Y-O-Y Growth In FY22
B2B eCommerce startup Udaan is aiming for 100% year-on-year growth this financial year. As per the founders, the startup is well on track to become India’s largest commerce platform, not…
Report: Online Fashion Industry in India Grew By 51 pc In FY21
The online fashion industry in India continues to grow amid the COVID-19 pandemic, with the sector an increase both in volume and value terms. Ecommerce focused supply-chain SaaS technology platform…
Content Discovery Platform Glance Acquires Social Commerce Startup Shop101
Content discovery platform Glance has acquired Shop101, a full-stack eCommerce platform, in an undisclosed cash-and-stock deal. Glance (owned by Inmobi) is also the owner of the video platform Roposo. The…
boAt To Acquire Delhi-based Consumer Electronics Brand Tagg Digital
boAt, a consumer electronics startup, is all set to acquire Delhi-based consumer electronics brand Tagg Digital. Started by Amitesh Bharadwaj, Rohit Dhingra, and Saurav Prakash, Tagg is an Indian consumer…