Roll-up e-commerce start-up Gizga, Tizum, Air case, and HomePuff are among the four D2C brands acquired by Upscalio. The companies specialize in next-generation computers, PC and phone accessories, laptop bags, and kitchenware, respectively. Upscalio is up against companies like Thrasio, which just announced its entry into India, and Mensa Brands, which was founded by the […]

Niyo, a consumer neo-banking platform, has raised $100 million in a Series C fundraising round headed by Accel and Light rock India, with Beams Fintech Fund participating. This round also includes existing investors Prime Venture Partners and JS Capital, as well as others. The cash will be used for product innovation, marketing, and branding, expanding

Startup in the field of mobility Cityflo has announced that it will expand its operations to the Delhi-NCR region. By the end of 2022, the business hopes to have added 20 new routes to its network in the region. In Mumbai, Cityflo currently provides 1,00,000 trips per month on 13 routes. Over the next 18

During a Series, C funding round led by Quadria Capital and Light rock India, digital healthcare start-up MediBuddy raised $125 million from existing investors Bessemer Venture Partners, India Lifesciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital. The company plans to use the new round of

Nischal Shetty, WazirX’s co-founder, and CEO responded to questions on Wednesday regarding his decision to leave the cryptocurrency exchange company’s active activities. Shetty said in a tweet that if he intended to stand down, people would learn about it from him, not through “sources.” Shetty’s remarks follow a Moneycontrol story that stated that he and

GEM Global Yield LLC SCS (GGY), a blockchain start-up focused on sustainability, has invested $100 million in 5ire ahead of a possible IPO. Pratik Gauri and Prateek Dwivedi, two Indian-origin programmers, and Vilma Mattila, a crypto financier, formed the Luxembourg-headquartered 5ire. GGY is a private alternative investment firm that manages a varied portfolio of developing

Bhuvneshwar Kumar, a fast bowler, is poised to release his own non-fungible tokens (NFTs) in collaboration with Rario, the world’s first legally licenced cricket digital collectables platform. These NFTs will be accessible only on Rario. NFTs will allow fans of the fast bowler to relieve some of their favourite cricketer’s most memorable moments. Kumar rose

On Sunday, the Life Insurance Corporation of India (LIC) filed its draught red herring prospectus (DRHP) for its massive first public offering (IPO) (IPO). According to the DRHP, the government-owned insurer will issue up to 31,62,49,885 (31.62 crores) equity shares with a face value of Rs 10 through an offer for sale (OFS), accounting for

Finance Minister Nirmala Sitharaman said on Friday that after talks, the government will decide whether to “ban or not ban” cryptocurrencies. She indicated during Parliament’s ongoing Budget session that the government’s decision to levy a 30% tax on gains from virtual currencies had nothing to do with the legality of private cryptocurrencies on the market.

On Thursday, former Reserve Bank of India Governor D Subbarao expressed concern that today’s low-interest rates and massive liquidity in the system could jeopardize financial stability. Subbarao said at a conference here that the challenge for central banks including the Reserve Bank of India was to juggle maintaining price stability, promoting growth and employment, and