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Shiprocket to Raise $26 Million in Series E Round Extension-thumnail

Shiprocket to Raise $26 Million in Series E Round Extension

Bengaluru-based logistics and supply chain enabler, Shiprocket, is looking to raise ₹219 crore (approximately $26 million) as part of an extension to its ongoing Series E funding round. The investment

News

Dec 27, 2024

Leanworx raises ₹8.3 crore in seed funding led by YourNest Venture-thumnail

Leanworx raises ₹8.3 crore in seed funding led by YourNest Venture

Bengaluru-based startup Leanworx has raised ₹8.3 crore (approximately $1 million) in seed funding to enhance its innovative solutions for the manufacturing sector. The funding round was led by YourNest Venture

News

Dec 27, 2024

Zetwerk Aims for Strategic ESOP Expansion Before IPO-thumnail

Zetwerk Aims for Strategic ESOP Expansion Before IPO

Bengaluru-based B2B e-commerce unicorn Zetwerk has announced the addition of fresh employee stock options worth around $64 million (₹541 crore) under its ESOP Plan 2018. This marks the first ESOP

News

Dec 27, 2024

Dubai Outperforms Other Gulf Markets in Early Trade-thumnail

Dubai Outperforms Other Gulf Markets in Early Trade

Oil Prices Boost Regional Markets, Real Estate and Industrial Stocks Lead Dubai’s Rally   PC: Business Recorder  Dubai’s benchmark share index reached its highest level in more than a decade on

News

Dec 26, 2024

Motilal Oswal Invests ₹100 Crore in Captain Fresh-thumnail

Motilal Oswal Invests ₹100 Crore in Captain Fresh

Motilal Oswal Wealth Limited has made an investment of ₹100 crore, or approximately $12 million, in Bengaluru-based B2B seafood startup Captain Fresh. This is the second investment round the company

News

Dec 26, 2024

Sumitomo Mitsui Financial Group Invests ₹3,000 Crore in SMFG India Credit-thumnail

Sumitomo Mitsui Financial Group Invests ₹3,000 Crore in SMFG India Credit

In a major push to its Indian operations, Sumitomo Mitsui Financial Group (SMFG) has announced a capital infusion of ₹3,000 crore into SMFG India Credit Co. Ltd. The investment, which

News

Dec 26, 2024

Emirates Global Aluminium Funds U.S. Recycling Acquisition Through Green Loan-thumnail

Emirates Global Aluminium Funds U.S. Recycling Acquisition Through Green Loan

Acquisition of Spectro Alloys Secured by Green Financing   Emirates Global Aluminium, the world’s largest producer of premium aluminium, announced that its acquisition of a majority stake in the U.S.-based Spectro

News

Dec 26, 2024

Dubai’s Creative Sector: A $4.3 Trillion Global Economic Force  -thumnail

Dubai’s Creative Sector: A $4.3 Trillion Global Economic Force  

Dubai’s creative sector has emerged as a global powerhouse, contributing 6.1% to the world’s economy with a total value of $4.3 trillion, according to a report titled ‘Creative Dubai: Navigating

News

Dec 26, 2024

Exotel has reported flat growth in FY24 but significant loss reduction-thumnail

Exotel has reported flat growth in FY24 but significant loss reduction

Exotel, a Bengaluru-based cloud telephony platform, has announced its financial results for the fiscal year 2024 (FY24), reflecting a modest revenue growth but a significant improvement in its financial health.

News

Dec 26, 2024

UAE Announces Changes to Corporate Tax Rules-thumnail

UAE Announces Changes to Corporate Tax Rules

The Ministry of Finance has published Ministerial Decisions No. (301) and No. (302) of 2024 that introduce significant changes to Tax Groups and Participation Exemptions under Federal Decree-Law No. 47

News

Dec 24, 2024

Indian Investors Lead New Memberships in Dubai Chamber of Commerce in 2024  -thumnail

Indian Investors Lead New Memberships in Dubai Chamber of Commerce in 2024  

Indian Companies Top the List   Dubai Chambers recently analyzed an indication that Indian investors and entrepreneurs topped the list of new non-Emirati companies joining the chamber within the first nine

News

Dec 24, 2024

ShopKirana faces scaling challenges in FY24, narrows losses by 30%-thumnail

ShopKirana faces scaling challenges in FY24, narrows losses by 30%

ShopKirana, a B2B e-commerce company meant to link retailers with brands, said the company has had a difficult fiscal year 2024 in which its gross revenue declined. Gross revenue fell

News

Dec 24, 2024


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