Fintech Giant Paytm To Disburse Rs 1,000 Crore MSME Loans By March 2021
Fintech platform Paytm on Monday said it is expanding its collateral-free loans for MSMEs. As per the fintech giant, its collateral-free loans for MSMEs will be increased from Rs 550 crore in the last fiscal year to Rs 1,000 crore by March 2021. Providing details about the loans, Paytm in […]
SaaS Startup ‘Clientjoy’ Raises $800,000 Funding From Gujarat Venture Finance Limited (GVFL)
Clientjoy (formerly known as Gridle), an Ahmedabad-based SaaS startup, has raised $800,000 in a pre-Series A funding round from GVFL (Gujarat Venture Finance Limited). GVFL is an early-stage venture capital firm.As per the startup, it will use the funds to grow the company’s sales, marketing and engineering to expand its […]
Electric Scooter Startup Ather Energy Raises Rs 260 Cr From Sachin Bansal and Hero MotoCorp
Ather Energy, an electric scooter manufacturer, has raised Rs 260 crore in its Series D round led by Sachin Bansal. Backing the Bengaluru-based EV maker since 2014, Sachin Bansal is leading the Series D round with Rs 170 crore infusion.First reported by Entrackr, the startup’s existing investor, Hero MotoCorp, has […]
E-Gaming Startup WinZO Launches Game Developer Fund II To Invest In Indian Game Developers
New Delhi-headquartered e-gaming startup WinZO has launched its Game Developer Fund II worth $5 million (Rs 37.5 crore). As per WinZo, it is in line with Prime Minister Narendra Modi’s Aatmanirbhar Bharat mission. And the startup aims to fund projects in interactive entertainment space built by Indian game developers. Applications […]
Ecommerce Giant Flipkart Acquires Mobile Gaming Startup ‘Mech Mocha’
India’s leading eCommerce marketplace Flipkart has acquired mobile gaming startup Mech Mocha for an undisclosed valuation. As per the deal, the acquisition brings into Flipkart the Intellectual Property of Mech Mocha and the team. This acquisition deal is expected to strengthen the eCommerce company’s gaming portfolio. The statement said, “Mech […]
Gaming Startup Tamasha.live Raises Seed Funding Of Rs 2.5 Cr
Gaming platform Tamasha.live has raised seed funding of Rs 2.5 crore from 9Unicorns, Kunal Bahl (Co-founder and CEO of Snapdeal), and Rohit Bansal (Titan Capital and FirstCheque). Investors like PointOne Capital, Ramakant Sharma (LivSpace’s Co-founder), Ankit Khandelwal (Co-founder of Gromo), Hotstar AVP Aakash Kuma,r and several executives Maninder Gulati, Abhishek […]
Indian Online Bike Taxi Aggregator ‘Rapido’ Launches Mumbai Operations
Indian online bike taxi aggregator Rapido has announced the launch of its bike-taxi service in Mumbai. Rapido plans to onboard two lakh bike drivers in the next two years as it expands operations further. As per the startup, it started its geographical expansion about 18 months ago and has reached […]
Pre-Owned Luxury Car Startup ‘Fine Listings’ Raises Undisclosed Funds From Justdial Co-Founder
Fine Listings, a pre-owned luxury car startup, has recently raised an undisclosed amount, based on a current valuation of Rs. 7.5 crore ($ 1 million) from Justdial Co-Founder V Krishnan. As per the startup, it will use the funds to create a strong tech foundation, expand their service vertical and […]
Procter & Gamble (P&G) Announces Rs 400 Crore ‘India Growth Fund’ For Innovation And Tech
To accelerate the government’s vision to make an Aatmanirbhar Bharat, Procter & Gamble (P&G) has announced a Rs 400 crore fund, ‘India Growth Fund.’ The fund will focus on innovations and tech and provide inclusive growth in India through external partnerships. ‘India Growth Fund’ is part of P&G India’s ‘vGROW’ […]
Cricketer Yuvraj Singh Makes Investment In Nutrition Healthcare Startup ‘Wellversed’
Wellversed, a full-stack nutrition brand, has raised an undisclosed amount in its Pre-Series A funding round led by cricketer and serial entrepreneur, Yuvraj Singh. Wellversed plans to use the funding for scaling up the reach of its products. Started in 2018 by Aanan Khurma, Aditya Seth, Ripunjay Chachan, Wellversed offers […]