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Bengaluru-based laundry services startup LaundryMate, co-founded by Bigbasket's Abhinay Choudhary, secures $6.25 million in pre-Series A funding from Blume Founders Fund and prominent angel investors, with plans for national expansion.
General Atlantic and its co-investors are contributing $550 million with this investment to PhonePe's ongoing $1 billion funding round.
PhonePe intends to invest the proceeds in infrastructure and new businesses such as insurance, wealth management, and lending.
Paramark Ventures of South Korea, as well as current backers Blume Ventures, Kedaara, and billionaire Azim Premji's Premji Invest, raised $33 million in Series E funding.
In an interview in Mumbai, co-founder Upasana Taku said the cash will be used for marketing, hiring employees, and making acquisitions by the Gurugram-based fintech startup, which emerged profitable for the first time in the quarter ending Dec. 31.
PhysicsWallah raised the money at $1.1 billion valuation, becoming India's 101st unicorn, the company said.
Apollo has planned to invest over USD 30 million in India over the next two years. As a part of its recent series-C funding of USD 110 million (about Rs 852 crore) led by Sequoia.
The Fair Trust, an ecosystem building a new-age financial platform, on Wednesday announced the launch of the presale of The Fair Trust Token (TFT) through a Private Seed Round.
The funds were raised at the International Financial Services Centre's GIFT City (Gujarat International Finance Tec-City) branch (IFSC).
The fresh investment will be used to expand CommerceIQ's company in India and throughout the world, add more platforms, and create new tools and solutions. The firm presently operates in the United States, Canada, Europe, and India.
The new round of investment for Ola comes as the firm prepares to go public this year through an initial public offering (IPO).
The company promoted by Hero MotoCorp levered up $350 million at 168 points above SOFR.
The government of India's electric locomotive manufacturers, Chittaranjan Locomotive Works (CLW) and Diesel Loco Modernisation Works (DMW), part of Indian Railways, placed orders with Hitachi Energy.
TPG Growth II SF Pte Ltd will offer a sale that incorporates up to Rs 400 crore.
Microsoft Corp shares were down to 1.00 per cent at $307.10 (−3.10) (1.00%) today on NASDAQ. On the other hand, Activision Blizzard shares skyrocketed by 30.44 per cent at the $85.30(+19.90) after Microsoft made the announcement.
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