The funding round was a mix of equity and debt, with Temasek leading the equity portion and the State Bank of India the debt part. Ola Electric said it will use the fresh funds to establish India’s inaugural lithium-ion cell manufacturing facility in Krishnagiri. The funding comes ahead of the EV maker’s planned IPO, which…
Increase in merchant subscription revenue, steady GMV growth, and rise in loan disbursements helped Paytm narrow its loss 18.6% sequentially The Vijay Shekhar Sharma-led startup saw an over 31% jump in its operating revenue to INR 2,518.6 Cr in Q2 from INR 1,914 Cr in the year-ago period Paytm’s share-based payments grew 4% to INR…
Transacting sellers saw a 2.5X increase in their business, compared to the pre-festive period Flipkart’s Kirana partners delivered over 4 Mn packages in the first four days of TBBD’23 Flipkart saw a 4X surge in engagement for new in-app features like Flippi, Vibes and SPOYL know more
Researchers at IIT Roorkee claim to have identified three antiviral molecules that can be used effectively to treat the covid-19 infection. Know more
Founders of Newton School, Akudo, and Farmako were featured in the Forbes 30 under 30 Aisa List of 2022 Know more
TIP 2022 would focus on startups or ideas in the area of Health-tech, Med-tech, Agri-tech, bioenergy, and all areas of life sciences. It is designed for new-age entrepreneurs and is a 4-week course. It starts off with sharpening the Idea and ends with equipping budding entrepreneurs with the skills required to present their startup. Know…
The funds will be used to ramp up hiring across functions. The startup kicked off its services in December last year by partnering with gynecologists in Gurugram Know more
The financial details of the deal were not disclosed. Razorpay said that the acquisition will allow it to strengthen its banking solutions arm
Gurugram-based fleet management and predictive analytics startup Fleetx.io has raised $19.4 Mn in Series B funding led by IndiaMART, with existing investors India Quotient and BEENEX Know more
Founded in 2015, Bhopal startup Swaayatt Robots aims to make connected autonomous driving technology accessible, affordable, and available to everyone. Know more