Cloud kitchen startup Curefoods has raised $50 Mn in a Series C funding round from new and existing investors. The startup plans to use the fresh funds to expand its existing brands into newer geographies and for the acquisition of newer brands. Know more
Shares of digital signature certificate provider eMudhra listed at ₹270, about 5.5% above its IPO price of ₹256 apiece. After rising as much as 9% to ₹279 earlier in the day, the stock gave up early gains and ended at ₹258.85, which is 1.1% over the issue price. Know more
Credit card alternative major Slice has raised $50 million as a part of the Series C round led by existing backer Tiger Global and joined by Moore Strategic Ventures and Insight Partners. Know more
In a virtual conference on May 14, 2022, Indian Prime Minister Narendra Modi launched the Madhya Pradesh Startup Policy alongside a new startup portal during the state’s Startup Conclave. Know more
Food delivery giant Swiggy has signed definitive agreements with Times Internet to acquire its dining and online restaurant table booking service platform Dineout. However, Dineout will continue to operate as an independent app. Know more
India raised 205.6 billion rupees ($2.7 billion) as its biggest-ever initial public offering priced at the top of the range following strong demand from local investors and a last-minute dash by foreign funds Know more
Electric scooter manufacturer Ather Energy has raised $128 million in its Series E round led by the National Investment and Infrastructure Fund’s (NIIF) Strategic Opportunities Fund (SOF) and Hero MotoCorp. Know more
Bengaluru-based edtech startup BYJU’S, which is gearing up for its SPAC listing at a record valuation of $44 Bn, is in talks with Morgan Stanley, and JP Morgan Chase & Co. to raise money in order to acquire another edtech company. Know more
Even as the rate at which India is producing unicorn startups is growing at a regular clip, the financial performance of such startups remains questionable. According to Fintrackr, of the 100 unicorns in India, only 18 unicorns attained profitability in FY21 Know more
Madhya Pradesh Startup Policy aims to provide institutional ease of doing business, infrastructure, procurement policy, marketing and other incentive support to startups Know more