Startup Company Jify Attracts $10 Million Investment By Accel, Nexus
Employee financial benefit startup Jify has raised over $10 million investment, said the company on August 3. Accel and Nexus Ventures provide funding to the startup company of joint partners Anisha Dossa Aibara, Anusha Ramakrishnan and Aditya Mehta. Started in 2021, the company provides salary benefits like on-demand real time salary at zero cost. In addition, the company owners said, the investment will be used to strengthen production and… read-more
Tags: Investment, Jify, Startup India, Financial Benefits, investors
Courtesy: The Economic Times
Fidel Softech IPO Receives Stunning Response From Investors
Fidel Softech Limited, a Pune-based LangTech company is now public on NSE SME Exchange and was very well received by the investors, with oversubscription for over 120 times IPO. Works in the area of Localization & IT Consulting services, it is in operations since 2004. The company gained On company's recent IPO success, Fidel Softech's CEO, Mr. Sunil Kulkarni, thanked all investors, clients, team members, past alumni, supporters &… read-more
Tags: investors, business, Fidel Softech, Start-up, Pune
Courtesy: Press Trust of India
Ashneer Grover To Launch New Venture With $300 Million Funding Goal
Ashneer Grover, co-founder and former CEO of BharatPe, intends to launch a new venture a month after his abrupt departure from his company. He is in discussions with private equity firms about raising $300 million for his enterprise. Grover may use his personal finances to support his startup, and may even trade a portion of his share in BharatPe, stated a report. Grover is presently in United States regarding the startup.
Tags: Ashneer Grover, New Venture, Startups, investors, Funds
Courtesy: DNA India
Tesla Proposes Three-To-One Stock Split; Investor Approval Awaited
Tesla suggested a three-to-one stock split on June 10 to make its shares more accessible after previous sell-offs of the world's most expensive automaker. Tesla's stock increased more than 1% in extended trading on June 10. On August 4, shareholders will vote on Tesla's suggested stock split. The split would provide Tesla employees "have more flexibility in managing their equity" and make its shares "more accessible to our retail shareholders… read-more
Tags: Tesla, Stocks, Elon Musk, Electric Vehicles, investors
Courtesy: Zee News
Nirmala Sitharaman Invites US Investors To Join Nation's "Growth Story"
Indian Finance Minister Nirmala Sitharaman has invited leading US investors to become a part of "India's growth story." Sitharaman held a round-table meeting with leading businesspersons in the private sector, top executives, institutional investors, among others. Sitharaman, who has been on an official visit to the United States, had recently also met with the World Bank President and the US Secretary of Commerce, to discuss economic… read-more
Tags: Finance Minister, business, Investment, investors, Nirmala Sitharaman
Courtesy: ANI
CRED Avenue Raises USD 137 Million Investment
CRED's marketplace value goes high with USD 137 million. Led by a New York-based venture and a private equity firm Insight partners with their own value of USD 1.3 million. More to join the round were new investors B Capital Group and Dragonbeer with the existing ones present Sequoia Capital, TVS Capital and Lightrock. CREDAvenue recently acquired Spocto, a digital firm.
Tags: CRED, Avenue Supermarts, Company, investors, retail investors
Courtesy: Mint
Minko Fintech Startup Raises $1.5 Million Via Seed Funding
Minko, a fintech startup, raised $1.5 million through seed funding from investors like CRED, Mumbai Angels and others. Founded by Sanket Shendure and Sanmati Shendure in 2021, the company in just six months expanded its product services and launched Minko QR, Minko Invoices and Minko Gold. Notably, the company, currently in Goa, Bihar and Mumbai, is aiming to expand in other cities, boarding 10,000 retailers.
Tags: Minko, CRED, Startup India, Seed Funding Round, investors
Courtesy: Live Mint
Indian EV Startup Oben Electric Raises $ 1 Mn
Electric vehicle start-up Oben Electric, on January 25, said that they raised $ 1 million in funding from investors. The money was raised in December 2021 led by We Founders Circle (WFC). The start-up will reportedly use the funding to enhance its business capacity, set up a bigger manufacturing infrastructure, and strengthen distribution plans. The whole process from designing to manufacturing, is done in-house with Indian components, stated… read-more
Tags: Automobile, Startup India, Oben, funding, investors
Courtesy: The Economic Times
Indian Startups Shun Chinese Investors To Become 'Self-Reliant'
The Indian tech start-ups are avoiding Chinese investors as Indian investors along with other foreign firms lend a helping hand to fund the homegrown firms. Reportedly, in Q1 of 2021 investors have funded around $11 billion into the Indian tech start-ups, in more than 600 deals. In terms of investing top dollars, the US-based investment firm Tiger Global is leading the show. Currently, India has more than 52 unicorns.
Tags: Indian Startups, funding, Chinese, investors
Courtesy: Business Standard