Funding
Covrzy Secures Regulatory Nod to Disrupt Insurance Market
Bengaluru-based insurtech pioneer, Covrzy, has achieved a significant milestone by securing a direct broking license from the Insurance Regulatory and Development Authority of India (IRDAI). This authorization empowers Covrzy to… Continue reading Covrzy Secures Regulatory Nod to Disrupt Insurance Market
Nasher Miles Secures Funding for Expansion Drive
Nasher Miles, a trailblazing digital-first luggage brand, has successfully secured $4 million in bridge funding to propel its journey towards Series A. This investment round was led by Singularity Early… Continue reading Nasher Miles Secures Funding for Expansion Drive
Yubi Expands Employee Stock Option Pool
Yubi, a prominent fintech platform specializing in business lending, has announced an expansion of its employee stock option (ESOP) plans. The company’s board of directors has approved the addition of… Continue reading Yubi Expands Employee Stock Option Pool
Neo Secures Fresh Capital for Expansion
Neo, a prominent wealth and asset management firm headquartered in Mumbai, has successfully secured Rs 32 crore (approximately $4 million) through a private placement round. This marks the company’s initial… Continue reading Neo Secures Fresh Capital for Expansion
Unimech Aerospace Secures 250Cr in Funding
Bengaluru-based Unimech Aerospace has effectively gathered Rs 250 crore ($30 million) in a confidential position round, denoting its debut financing since its foundation in 2016. The speculation, got from Steadview… Continue reading Unimech Aerospace Secures 250Cr in Funding
Pneucons Secures Pre-Series Funding Led by Social Media Buzz
Pneucons, a pioneering B2B industrial marketplace, has successfully concluded its pre-series funding round, marked by an unusual funding source: social media engagement. The round also witnessed participation from Tarun Mehta,… Continue reading Pneucons Secures Pre-Series Funding Led by Social Media Buzz
Angel Tax Abolished: Boost for Indian Startups
In a move designed to stimulate investment in India’s burgeoning startup scene, Finance Minister Nirmala Sitharaman announced the elimination of the angel tax for all investor categories. The angel tax,… Continue reading Angel Tax Abolished: Boost for Indian Startups
Auxilo Secures Rs 100 Crore in Debt Financing
Auxilo, a noticeable non-banking monetary partnership (NBFC) spend significant time in schooling supporting, has effectively gotten Rs 100 crore (roughly $12 million) through an obligation funding round. The organization gave… Continue reading Auxilo Secures Rs 100 Crore in Debt Financing
Fintech Lending Boom in India
In India, lending has emerged as a significant revenue stream for fintech startups. Both large and small fintech companies are increasingly turning to loan distribution, either through their own platforms… Continue reading Fintech Lending Boom in India
Nykaa Secures Rs 125 Crore Through Debt Financing
Nykaa, India’s leading online fashion and beauty platform, has secured Rs 125 crore (approximately $15 million) through the issuance of non-convertible debentures (NCDs). The company’s board of directors has approved… Continue reading Nykaa Secures Rs 125 Crore Through Debt Financing
