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Financial technology platform Niyo receives $30 million from Multiples Alternate Asset Management-thumnail

Financial technology platform Niyo receives $30 million from Multiples Alternate Asset Management

Accel and Lightrock India contributed $100 million to Niyo’s Series C investment, which closed in February. With the most recent round included, it has raised a total of $180 million. 

Digital Transformation

Jul 20, 2022

Single packages of food items upto 25kg will now attract 5% GST from today-thumnail

Single packages of food items upto 25kg will now attract 5% GST from today

The CBIC said the supply of pre-packed atta meant for retail sale to ultimate consumer of 25 Kg shall be liable to GST. However, supply of such a 30-kg pack

Finance

Jul 18, 2022

AI startup Detect technologies raises $28mn in its series B funding round-thumnail

AI startup Detect technologies raises $28mn in its series B funding round

The startup leverages technology to offer real-time monitoring and analytics related to metrics such as equipment failures, estimated life of an asset and automation of compliance to standards. Industrial artificial

Digital Transformation

Jul 16, 2022

About 20% of the employees of massive NFT marketplace OpenSea are laid go-thumnail

About 20% of the employees of massive NFT marketplace OpenSea are laid go

Reduced NFT sales and more competition are forcing OpenSea to make changes. Devin Finzer, co-founder and CEO of OpenSea, announced this afternoon that the NFT marketplace is letting go of

BFSI

Jul 16, 2022

Government investigation into Oppo India for potential Customs duty evasion-thumnail

Government investigation into Oppo India for potential Customs duty evasion

After Vivo, a Chinese replica operating in India is also being pursued by the authorities. The Directorate of Revenue Intelligence (DRI) discovered that Oppo India had evaded customs duties to

Industry

Jul 14, 2022

<strong>Biotech startup String Bio raises $20mn in funding</strong>-thumnail

Biotech startup String Bio raises $20mn in funding

Products enabled by String’s platform range from protein ingredients for nutrition, to innovative crop inputs and products for biodegradable polymers. It has its first multi-purpose gas fermentation facility in Bengaluru

Industry

Jul 13, 2022

Spacetech firm Agnikul to raise $40mn in a Series B round of funding from HNI’s-thumnail

Spacetech firm Agnikul to raise $40mn in a Series B round of funding from HNI’s

The development comes on the heels of Agnikul setting up its rocket factory in Chennai to make end-to-end 3D printed engines. The spacetech firm is backed by high-profile tech investors

Investment & Funding

Jul 13, 2022

Plug and play model startup Wheelocity raises $12mn in funding-thumnail

Plug and play model startup Wheelocity raises $12mn in funding

The company said it can enable its customers to launch in new cities in less than a week through the help of its integrated network of collection centres, fulfilment and

Investment & Funding

Jul 13, 2022

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


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