Startup

IndiaMART Logs 18% Rise In Q2FY22 Net Profits, Operational Revenue Up By 12%

B2B ecommerce platform IndiaMART has reported a 17.6% rise in its consolidated net profit for the July-September quarter to INR 82.11 Cr on a year-on-year (YoY) basis. During the same period of the last financial year (FY21), the Delhi NCR based company had recorded a net profit of INR 69.87 Cr. The jump in profits …

IndiaMART Logs 18% Rise In Q2FY22 Net Profits, Operational Revenue Up By 12% Read More »

CRED In Talks To Acquire HipBar For PPI License; Plans Foray Into Wallet Payments Business

Member-only fintech and ecommerce platform CRED that allows credit card bill payments, is entering the wallet payments. For the entry the company will be acquiring liquor delivery startup HipBar, reports suggest. A CRED spokesperson refused to comment on the development of the acquisition of HipBar or a PPI licence, citing them as speculation and rumours. …

CRED In Talks To Acquire HipBar For PPI License; Plans Foray Into Wallet Payments Business Read More »

Jio Tops Once Again In Subscription Race, Onboards 6.5 Lakh Users In August

Reliance Jio continues to race ahead of the other telecom operators in the country in terms of subscriber base as it added nearly 6.5 Lakh new users in the month of August. Jio’s subscriber base stood at over 44 Cr (44,38,61,244) by the end of August, according to data released by the Telecom Regulatory Authority …

Jio Tops Once Again In Subscription Race, Onboards 6.5 Lakh Users In August Read More »

SaaS Startup Sourcewiz Raises Funds To Help Exporters Digitise Operations

Exporter digitisation platform Sourcewiz has raised $3 Mn in a seed round co-led by Blume Ventures and Alpha Wave Incubation.  Ravi Bhargava (Former CEO Arvind Limited), Rakshita Agrawal (GM at Wayfair) and other marquee angels with experience in SaaS such as Dhruvil Sanghvi (Loginext) and Ashish Tulsian (Posist) also participated in the round.  Sourcewiz has …

SaaS Startup Sourcewiz Raises Funds To Help Exporters Digitise Operations Read More »

Agritech Supply Chain Startup FarMart Raises $10 Mn Funding From Matrix Partners, Existing Investors

B2B agritech startup FarMart has raised $10 Mn in a Series A funding round led by Matrix Partners India. Innoven Capital and existing investors Omidyar Network India, Avaana Capital, and 500 Startups also participated in the round with a few angel investors. Angel investors including Amit Lakhotia (Founder, Park+), Jitendra Gupta (Founder & CEO, Jupiter), …

Agritech Supply Chain Startup FarMart Raises $10 Mn Funding From Matrix Partners, Existing Investors Read More »

Tata Digital Vs Reliance Jio! Now, Jio Looks To Back Dunzo In $250 Mn Round

Following the hyperlocal pivot of consumers post-pandemic, billionaire Mukesh Ambani-led Reliance Jio may invest in hyperlocal delivery startup Dunzo. The investment could also mark another step in Reliance’s super app ambition under the Jio brands. Under the super app model, Reliance aims to partner with third-party applications in different verticals, similar to what other Indian …

Tata Digital Vs Reliance Jio! Now, Jio Looks To Back Dunzo In $250 Mn Round Read More »

Edtech Startup Questt Raises $6.75 Mn From Celesta Capital, Premji Invest

Gurugram-based edtech startup Questt has raised $6.75 Mn in Series A funding round led by Celesta Capital and Premji Invest. Chiratae Ventures increased its shareholding in this round and other existing investors including AET Fund, MarsShot Ventures, Titan Capital, and First Cheque continue to remain invested.  The startup plans to utilise the funds raised to …

Edtech Startup Questt Raises $6.75 Mn From Celesta Capital, Premji Invest Read More »

Tesla Wants Musk-Modi Meeting As It Continues To Lobby For Import Duty Slash

Tesla has urged Indian Prime Minister Narendra Modi’s office to slash import taxes on electric vehicles before EV manufacturers enter the Indian market.  According to a Reuters report, some Tesla executives, including Manuj Khurana, its head of policy and business development in India, took company demands to officials in the Prime Minister’s office during a …

Tesla Wants Musk-Modi Meeting As It Continues To Lobby For Import Duty Slash Read More »

NPCI Solves Subscription Payment Problem With Tokenisation System

National Payments Corporation of India (NPCI) has announced the launch of the NPCI Tokenisation System (NTS), which will tokenise and mask the real RuPay card details (CoFT: card-on-file tokenisation). With the NTS, RuPay cards can be tokenised to protect customer data and privacy.  The NPCI was incorporated in 2008 as an umbrella organisation for operating …

NPCI Solves Subscription Payment Problem With Tokenisation System Read More »

[Update] Exclusive: IDfy To Raise INR 86 Cr From TransUnion International & Blume Ventures

Update| 21 October, 11:45 AM IST After Inc42 exclusively reported on IDfy’s investment, the startup has confirmed the investment amount of INR 86 Cr in its Series D round led by Blume Ventures and TransUnion. The investment raised will be utilised to strengthen product offerings and expand business operations. Earlier Story| Published on September 1 …

[Update] Exclusive: IDfy To Raise INR 86 Cr From TransUnion International & Blume Ventures Read More »