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Lenskart will get a $100 million investment from ChrysCapital-thumnail

Lenskart will get a $100 million investment from ChrysCapital

ChrysCapital has invested $100 million in Lenskart, the two companies said Thursday, bringing the Asian eyeglasses startup’s total funding raised in the last year to $850 million as it extends its portfolio and worldwide reach.

Investment & Funding

Jun 15, 2023

What Effect Would The Valuation Reductions At Byju’s, Swiggy, And Meesho Have On Esops?-thumnail

What Effect Would The Valuation Reductions At Byju’s, Swiggy, And Meesho Have On Esops?

BlackRock, Invesco, and Fidelity Investments all decreased their estimates of the value of Swiggy, BYJU, and Meesho, respectively. This Valuation reduction will also have an effect on the value of the ESOPs to which workers at these firms are entitled.

Investment & Funding

Jun 13, 2023

Indifi Technologies raise $35 million to expand digital lending to small businesses-thumnail

Indifi Technologies raise $35 million to expand digital lending to small businesses

Indifi Technologies, an Indian startup that provides digital lending to small and medium-sized enterprises, has raised $35 million in a new funding round that was spearheaded by ICICI Venture, the investment arm of ICICI Bank.

Investment & Funding

Jun 13, 2023

Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia-thumnail

Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia

Cohere, a competitor to Microsoft-backed OpenAI, said on Thursday that it had secured $270 million in a fundraising round led by Nvidia, Oracle, and Salesforce Ventures, among others.

Investment & Funding

Jun 9, 2023

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”-thumnail

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”

Foodtech giant Zomato faces backlash and accusations of caste discrimination for its ad featuring actor Aditya Lakhia. The controversial World Environment Day ad, highlighting plastic waste recycling, was taken down after users criticized it on social media. Zomato has a history of marketing controversies, adding to a trend of public disputes among Indian startups.

Marketing

Jun 9, 2023

“Cleantech Startup Proklean Technologies Raises $4M in Funding, Sets Sights on Global Expansion”-thumnail

“Cleantech Startup Proklean Technologies Raises $4M in Funding, Sets Sights on Global Expansion”

Chennai-based cleantech startup Proklean Technologies secures $4M in funding from Raintree Family Office, fueling its R&D efforts and hiring initiatives. The funds will aid the company’s expansion into new markets,

Investment & Funding

Jun 8, 2023

Revenue forecast for SaaS startups plunges 74% to $26 billion by 2026-thumnail

Revenue forecast for SaaS startups plunges 74% to $26 billion by 2026

In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.

Business

Jun 7, 2023

“2070 Health Receives $30M Investment to Transform Indian Healthcare”-thumnail

“2070 Health Receives $30M Investment to Transform Indian Healthcare”

India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.

Investment & Funding

Jun 7, 2023

Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital-thumnail

Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital

Cloud-lending firm Lentra raises $27 million in an extended series B round led by MUFG Bank and Dharana Capital, bringing their total funding to $87 million. Lentra aims to empower lenders globally with its loan management system and expand its presence in Southeast Asia and the US.

Investment & Funding

Jun 7, 2023

Nikhil Kamath, the youngest and fourth Indian to sign the Giving Pledge, has pledged to give away the majority of his money-thumnail

Nikhil Kamath, the youngest and fourth Indian to sign the Giving Pledge, has pledged to give away the majority of his money

Nikhil Kamath, the co-founder of Zerodha, stated that despite his young age, he is motivated to making a good difference in the world and believes that the foundation’s aim of

News

Jun 6, 2023

Sentra.world, a climate tech firm, has raised $2 million in investment from Avaana Capital and others-thumnail

Sentra.world, a climate tech firm, has raised $2 million in investment from Avaana Capital and others

Sentra.world, a business focused on ESG (Environmental, social, and corporate governance), has secured $2 million in initial investment headed by Avaana Capital, an early-stage climate-tech venture capital firm. RPG Ventures and Golden Sparrow Ventures also invested in the round, according to a corporate statement announcing the injection.

Investment & Funding

Jun 5, 2023

Paytm reports May operating results, with disbursements of Rs 5,502 crore-thumnail

Paytm reports May operating results, with disbursements of Rs 5,502 crore

Paytm claimed 75 lakh merchants are now paying membership fees for its payment devices, up 4 lacks from May, and that its average monthly transacting users (MTU) had increased 24 percent year on year to 9.2 crores.

Finance

Jun 5, 2023


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