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VC firm Lightspeed raises a whopping $500 million for India and Southeast Asia-thumnail

VC firm Lightspeed raises a whopping $500 million for India and Southeast Asia

Lightspeed joins the list of a few fund houses that have raised funds in a slowing cycle for fundraising. The fourth fund from Lightspeed, which has been investing in India

Investment & Funding

Jul 13, 2022

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection-thumnail

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection

However, all is not lost. India’s economy, Nomura said, is racing above its pre-pandemic level, led by a sharp recovery in the services sector, and supported by the lagged effects

Finance

Jul 13, 2022

<strong>Deepika Padukone backed D2C startup Mokobara raises $6.5 mn in Series A funding.</strong>-thumnail

Deepika Padukone backed D2C startup Mokobara raises $6.5 mn in Series A funding.

Description-: Founded in 2019 by Sangeet Agarwal and Navin Parwal, the Bengaluru-based startup offers a host of luggages, travel bags, wallets, kits and sling bags on its online platform. Mokobara

Investment & Funding

Jul 13, 2022

PM Modi to inaugurate Sgx Nifty futures contract and IIBX in Gujrat on Friday-thumnail

PM Modi to inaugurate Sgx Nifty futures contract and IIBX in Gujrat on Friday

The government in the past few years has also slashed taxes at the GIFT city to compete with regional finance hubs like Singapore, Dubai, and Hong Kong.  Nifty futures contracts

Finance

Jul 12, 2022

<strong>Edelweiss Mutual Fund launches Focused Equity Fund</strong>-thumnail

Edelweiss Mutual Fund launches Focused Equity Fund

NEW DELHI: Edelweiss Asset Management Ltd. on Tuesday announced the launch of the Edelweiss Focused Equity Fund, a new fund offering (NFO) that will invest in 25–30 stocks across three

Finance

Jul 12, 2022

New Demat account opening stands at 1.79 million, lowest since February 2021-thumnail

New Demat account opening stands at 1.79 million, lowest since February 2021

Description-: In June, the Nifty Midcap 100 and the Nifty Smallcap 100 were down 25 percent and 35 percent, respectively, from their record highs. These indices have seen recovery since

Finance

Jul 12, 2022

<strong>Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore</strong>-thumnail

Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore

The company also reached its highest number of monthly transacting users (MTU) 76 million on its super app during the month of June. Paytm has said that the platform’s lending

Industry

Jul 11, 2022

Agritech startup Vegrow raises $25 million in Series B funding-thumnail

Agritech startup Vegrow raises $25 million in Series B funding

Vegrow offers a B2B tech platform for fruits and connects wholesalers and traders with farmers. The company claims to be currently present in 100 cities and said that it has

Industry

Jul 11, 2022

Startup funding fell by 40% between April and June according to the latest PwC report-thumnail

Startup funding fell by 40% between April and June according to the latest PwC report

According to a PwC India analysis, geopolitical unrest looks to be having an impact on Indian startups as total funding fell by 40% to $6.8 billion in the April-June period.

Industry

Jul 11, 2022

UK’s BII and M&M join hands to set up an electric vehicle production entity-thumnail

UK’s BII and M&M join hands to set up an electric vehicle production entity

M&M and BII will invest $250 million each into the new entity called EV Co. at a valuation of Rs 70,070 crore ($9 billion). The two companies have signed a

Automotive

Jul 8, 2022

Understanding Taxation of Cryptocurrency In India-thumnail

Understanding Taxation of Cryptocurrency In India

Crypto tax in India: from April 1, a 30 in step with cent i-t plus cess and surcharges could be levied in an equal manner as it treats winnings from

Industry

Jul 6, 2022

Fintech firm Bharatpe disbursed a record Rs 3,600 loan in April-June 2022 period-thumnail

Fintech firm Bharatpe disbursed a record Rs 3,600 loan in April-June 2022 period

Bharatpe said that it facilitated loan disbursal for over 1.2 lakh merchants during the quarter compared to 66,000 merchants that benefitted from the service in January-March quarter. Fintech firm Bharatpe

Digital Transformation

Jul 6, 2022


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