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The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.-thumnail

The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.

Chiratae Ventures has raised five early-stage funds and manages $1.1 billion in assets under management (AUM). It has been an early backer of technology-led companies such as Bizongo, Curefit, Firstcry,

Finance

Nov 8, 2022

<strong>Snap establishes the India Creator Fund to assist independent musicians that use Snapchat.</strong>-thumnail

Snap establishes the India Creator Fund to assist independent musicians that use Snapchat.

The action is consistent with Snap’s strategy to enter the Indian market by utilizing local content producers. The Sounds Creator Fund has officially opened in India, according to a Tuesday

Industry

Nov 8, 2022

As the revenue gap between IT giants closes, Infosys may overtake Cognizant once more.-thumnail

As the revenue gap between IT giants closes, Infosys may overtake Cognizant once more.

The fact that Infosys is approaching Cognizant’s level of growth reflects the latter’s difficulties, as it faced execution challenges and underperformed in comparison to its peers, despite the pandemic causing

Finance

Nov 8, 2022

IT firms have put their hiring plans on hold-thumnail

IT firms have put their hiring plans on hold

Five of the country’s ten largest IT services firms reported a sequential decline in sales and support staff in the third quarter, as they let go of non-revenue generating employees

Industry

Nov 8, 2022

Paytm Q2 results: Net loss increases to 571 crore, revenue increases 76%-thumnail

Paytm Q2 results: Net loss increases to 571 crore, revenue increases 76%

One97 Communication-owned Paytm Q2 Results Paytm’s consolidated revenue from operations increased 76% year on year (Y-o-Y) to 1,914 crore in the second quarter of the fiscal year from 1,086 crore.

Finance

Nov 8, 2022

CarDekho, automobile marketplace plans to invest in $100 Mn in fintech subsidiary Rupyy-thumnail

CarDekho, automobile marketplace plans to invest in $100 Mn in fintech subsidiary Rupyy

The Delhi NCR-based startup turned unicorn in October last year after raising $200 Mn in a Series E funding round led by Leapfrog Investments. Automobile marketplace CarDekho plans to invest

Automotive

Nov 8, 2022

Reliance beats likes of Amazon to acquire German wholesaler Metro’s Indian business-thumnail

Reliance beats likes of Amazon to acquire German wholesaler Metro’s Indian business

The €500 Mn – €550 Mn (INR 4,000 Cr – INR 4,500 Cr) worth of deal will mark the exit of Metro Cash and Carry’s loss-ridden wholesale business from India

Industry

Nov 8, 2022

<strong>Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc</strong>-thumnail

Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc

Agnikul’s pre-money valuation has zoomed 5x to $180 Mn, the sources added. Agnikul’s last reported valuation was $35 Mn when it raised $11 Mn in its Series A funding round

Industry

Nov 8, 2022

Amazon has released the Prime Video Mobile Edition, which costs Rs 599 per year-thumnail

Amazon has released the Prime Video Mobile Edition, which costs Rs 599 per year

The OTT platforms with a “mobile-only” package now include Amazon Prime Video Mobile Edition. Mobile-only services from Netflix and Disney+ Hotstar are more affordable. A new Prime Video Mobile Edition

Entertainment

Nov 7, 2022

Tata’s Voltas will invest Rs 1,000 crores for expansion.-thumnail

Tata’s Voltas will invest Rs 1,000 crores for expansion.

Voltas is seeking to invest Rs 1,000 crores in manufacturing expansion. This expansion includes a highly equipped manufacturing plant near Chennai of over Rs 500 crores and additionally, Rs 500

Automotive

Nov 7, 2022

Supreme Court reserve 10% for economically weaker sections of the society-thumnail

Supreme Court reserve 10% for economically weaker sections of the society

A total of four judges of the Supreme Court have reserved 10% of seats in admissions and jobs for economically weaker sections of society. Justice Dinesh Maheshwari stated that reserving

Industry

Nov 7, 2022

Social startups: Business bringing change in India-thumnail

Social startups: Business bringing change in India

Many startups today are contributing to the betterment of society. There are over 400 social startups in India, and the number is growing by 20 percent annually. Muhammad Yunus was

Industry

Nov 7, 2022


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