Digital news portal NewsBytes, owned by Elysium Labs Private Limited said that it has raised $1.5 million in its Series A round, led by North Base Media (NBM), a global venture capital firm specialising in media. Sumedh...
SARVA raises fresh funds from Mantra Capital to expand digital footprint
Yoga and wellness startup, SARVA has raised funding from US-based VC Fund Mantra Capital, along with a financial contribution from a close strategic partner, the Patni Family. The funding value was not disclosed. The...
Snapdeal partners with Gamezop to add gaming options on its platform
E-commerce marketplace Snapdeal has partnered with mobile gaming startup Gamezop to add gaming options for users visiting the site and increase engagement. Gamezop’s top gaming titles like Savage Revenge, Tower Twist...
TVS Motor to raise ₹500 crore by issuing NCDs
The board of directors of TVS Motor Company Ltd, in a meeting held earlier today, approved the issuance of non-convertible debentures or NCDs aggregating up to ₹500 crore on a private placement basis, the company said...
Axis Bank to raise its stake in Max Life Insurance to 30%
The country’s third largest private lender Axis Bank on Tuesday, proposed to raise its stake in the country’s fourth-largest private life insurer Max Life Insurance from about 1.5% to 30% through an all-cash deal worth...
IDFC First Bank plans to raise up to ₹2,000 crore
IDFC First Bank Ltd. is looking to raise Rs. 1,800-2,000 crore via a preferential allotment of shares shortly, said a person directly aware of the bank’s plans. “The capital, which is likely to be raised this quarter...
Fittr raises $2 million in pre-series A funding from Surge
Fittr, a Pune-based online fitness startup, has raised $2 million in pre-series A funding from Surge, Sequoia Capital India’s rapid scale-up programme for early-stage startups in India and Southeast Asia. Founded in...
Bank of Baroda to raise ₹13,500 crore in FY21
Public-sector lender Bank of Baroda on Friday said it has received board approval to raise up to ₹13,500 crore in additional capital for the financial year 2021. In a notification to the stock exchanges, the bank said...
ShareChat buys meme-sharing app Memer
Twitter-backed social media startup ShareChat has acquired Bengaluru-based Memer, a platform that allows users to discover and share memes in regional languages. The terms and details of the transaction were not...
Contactless shopping and delivery startup Wagonfly raises $500,000
As COVID-19 spread increases the need for social distancing, Wagonfly that provides contactless shopping and delivery experience for its customers, on Monday said it raised about $500,000 from Investment Trust of India...
PhonePe gets $28 million funding from parent Flipkart
PhonePe’s Singapore entity PhonePe Pte Ltd has received a fund infusion of $28 million from parent Flipkart last week, according to the regulatory filings accessed by Mint. This is the first round of funding which the...
High debt will not deter Motherson Sumi from eyeing new acquisitions
Motherson Sumi Systems Ltd (MSSL), the flagship company of auto parts maker Samvardhana Motherson Group (SMG) remains focussed on new acquisitions even though the company’s debt level has increased sharply. In an...
