Wealthtech Startup Fisdom Raises $7M Funding Led By PayU
Wealthtech startup Fisdom has raised $7 million in a fresh round of funding led by PayU. Existing investors – Quona Capital and Saama Capital, also participated in the funding round. As per the startup, it will use the funding for new product development and customer acquisition. Fisdom will also look […]
To Help MSMEs In Asset Restructuring, SIDBI Launches DIY Portal
To help MSMEs (micro, small and medium enterprises) take benefit of the Reserve Bank of India’s one-time debt restructuring, Small Industries Development Bank of India (SIDBI) has launched a web portal. Manoj Mittal, SIDBI’s Deputy Managing Director, said, “We have developed this module in collaboration with our associate, India SME […]
Password-Less Authentication Startup ‘SAWO Labs’ Raises Rs 5.5 Crore In Seed Funding
SaaS-powered one-tap authentication startup SAWO Labs has raised Rs 5.5 crore closing its seed funding round led by StartupXseed. As per the startup, it plans to use the funding to strengthen its business by expanding its tech infrastructure and outreach – saving millions of man-hours of the end-users. SAWO (Secure […]
Bain & Co Report: Indian SaaS Startups To Capture 7-9% Global SaaS Market By 2022
Indian SaaS (software as a service) industry is on track to reach $18-20 billion in revenue and capture 7-9% share of the global SaaS market by 2022, as per a report by Bain & Co. The report defines SaaS startups as those founded domestically by Indian founders (or founders of […]
Kunal Shah Led ‘CRED’ Raises $80 Million In Series C Funding Round
CRED, a credit card bill payment app, has raised $80 million in a Series C funding round. The funding round was led by DST Global, along with Ribbit Capital, Sequoia Capital, and Tiger Global, valuing the startup at $800 million. The news was first reported by TechCrunch, citing a source […]
Services Startup ‘Housejoy’ Sees Growth In Business, On Track To Clock Rs 150 Cr GMV In FY21
Housejoy, a tech-driven construction, renovation, interiors & home maintenance company, has seen strong growth in its business. Mostly driven by verticals like construction and beauty, Housejoy is on track to close the financial year with Rs 150 crore in GMV (Gross merchandise value), a top company official said. Talking to […]
Tech-Led Jobs Platform ‘Awign’ Raises Undisclosed Funding
Awign, a tech-led jobs platform, has raised undisclosed funds from existing investors Michael and Susan Dell Foundation, Unitus Ventures, and Eagle10 Ventures. As per the startup, it plans to use the money to finance its expansion to more cities and introduce new services. Started by Annanya Sarthak, Gurpreet Singh, and […]
OYO Founder Ritesh Agarwal Invests In E-Sports Startup ‘Mobile Premier League’
Fantasy sports platform Mobile Premier League or MPL has raised $500K from Ritesh Agarwal’s (Oyo’s founder) RA MPL Holding. First reported by Entrackr, the investment from RA MPL Holding is a part of MPL’s Series B round that was led by SIG Global. Numerous well-known angels including Haresh Chawla, Pawan […]
RedSeer Report: Ecommerce Records 65pc Sales Growth
The recently-concluded festive season from eCommerce giants like Flipkart and Amazon recorded around 65% growth as compared to the previous year. As per a new report published by consulting firm RedSeer, the gross eCommerce sales, starting from mid-October till November, touched $8.3 billion as compared to $5 billion in the […]
NITI Aayog’s Amitabh Kant: Digital Technology Will Help India Create $1 Trillion Of Economic Value By 2025
NITI Aayog CEO Amitabh Kant recently said India could create $1 trillion of economic value using digital technology by 2025. During a virtual event organized by industry body FICCI, Amitabh Kant said the COVID-19 pandemic had accelerated the ever-expanding digital infrastructure. Amitabh Kant said, “Digital infrastructure has become indispensable to […]