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Home > Articles
Baskit, a supply chain startup, assists Indonesian middlemen-thumnail

Baskit, a supply chain startup, assists Indonesian middlemen

Large brand distributors dominate the top of the supply chain, but thousands of middlemen, including wholesalers, form partnerships with retailers at the bottom. Baskit, which was founded last year, seeks to give them tools to digitize the management of their goods and services in order to assist them acquire better rates. The Indonesian firm revealed today that it has raised $3.3 million in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel, and Michael Sampoerna. This comes three months after a $1.5 million seed round.

Business

Jun 27, 2023

Amazon will host Prime Day in India later next month despite poor online retail sales-thumnail

Amazon will host Prime Day in India later next month despite poor online retail sales

Amazon is preparing for its signature sale event Prime Day in India around the end of July after a comparatively slower-than-expected first quarter for retailers in this country, according to

E-Commerce

Jun 27, 2023

ASK group planning to raise $122 million for private equity fund-thumnail

ASK group planning to raise $122 million for private equity fund

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

Finance

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265-thumnail

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265

Cyient DLM operates as an integrated electronic manufacturing service (EMS) and solutions provider, catering to the complete life cycle of products, including design, build, and maintenance.

Business

Jun 27, 2023

Bengaluru-Hubbali-Dharwad Vande Bharat will be inaugurated by PM Modi-thumnail

Bengaluru-Hubbali-Dharwad Vande Bharat will be inaugurated by PM Modi

According to South Western Railway (SWR), Prime Minister Narendra Modi will virtually inaugurate Karnataka’s second Vande Bharat Express, which runs between Bengaluru and Dharwad, today. On June 19, the fast train successfully conducted a trial run from KSR Bengaluru station to Dharwad and returned. 

Indian Govt

Jun 27, 2023

Meta launches Meta Quest+ a VR subscription for $7.99 per month-thumnail

Meta launches Meta Quest+ a VR subscription for $7.99 per month

In an astonishing move on Monday, Meta introduced Meta Quest+, a VR subscription service. This service promises to transport users into a realm of immersive experiences by offering two mind-altering games every month; for $7.99 per month!

Business

Jun 27, 2023

Bitcoin bounces on BlackRock excitement-thumnail

Bitcoin bounces on BlackRock excitement

Over the last 11 days, the original crypto coin has risen 20% to two-month highs of $30,182 after BlackRock, the world’s largest asset manager, unveiled plans for a spot bitcoin

Finance

Jun 27, 2023

The second fund from Arkam Ventures aims to raise $180 million-thumnail

The second fund from Arkam Ventures aims to raise $180 million

As the Indian venture capital firm prepares to double down on the booming “middle India” market, Arkam Ventures is pursuing its second fund, looking for $180 million, roughly tripling the

Investment & Funding

Jun 27, 2023

Companies want to utilize flexible office space more often-thumnail

Companies want to utilize flexible office space more often

Since 47% of corporates plan to utilize flexible office space more over the next 12 months, it has become clear that this is the best short-term real estate portfolio strategy.

News

Jun 26, 2023

BSNL and L&T signed an agreement to venture into the 5G private network market-thumnail

BSNL and L&T signed an agreement to venture into the 5G private network market

BSNL, assuming the mantle of the official network provider, will work alongside LTTS to co-innovate and introduce private 5G connectivity solutions to the market. This partnership marks a significant milestone for LTTS, as it marks its inaugural entry into the 5G private network space.

Business

Jun 26, 2023

S&P Global Cuts China’s Economic Growth Forecast, Calls for More Stimulus-thumnail

S&P Global Cuts China’s Economic Growth Forecast, Calls for More Stimulus

S&P Global, a leading credit ratings agency, has revised its forecast for economic growth in China this year, highlighting the uneven recovery of the country after reopening and prompting calls

News

Jun 26, 2023


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