In April, BharatPe Group acquired a majority stake in Mumbai-based NBFC Trillion Loans. Consumers can also borrow from Trillion Loans for auto, gold, and education loans. The NBFC offers secured and unsecured loans to SMEs. The acquisition of Trillion Loans is aligned with the BharatPe Group’s larger purpose and will enable us to facilitate access
In terms of funding from investors, the Indian startup industry has been hit by macroeconomic challenges. According to Tracxn Geo Quarterly Report: India Tech – Q1 2023, Indian startup raised $2.8 billion in Q1 2023, a 75% decrease from the same period a year earlier ($11.9 billion). As a result of rising inflation and interest
A startup that recycles lithium-ion batteries with advanced technology has secured seed funding led by Surge, Sequoia Capital India, and Southeast Asia’s rapid scale-up programme. Speciale Invest, Theia Ventures, and several other individual investors also participated in the funding round. The amount raised was not disclosed. The demand for lithium-ion batteries is increasing rapidly, resulting
A definitive agreement has been signed between Lenskart and Abu Dhabi Investment Authority (ADIA) to raise $500 million.Lenskart’s valuation of $4.5 billion was maintained with the extension of last year’s funding round. According to the company, the capital will be used to expand in Asia and the Middle East. ADIA’s investment includes some secondary purchases
It announced on Friday that it raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. Bira 91 plans to use the funds to ramp up production, enhance supply chain, and enhance innovation, raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. “MUFG Bank has consistently invested in the Indian economy. Due
China plays crucial roles in world affairs including trade and defense, therefore, it is essential to observe its recent budget allocation to different areas like defense. According to Global Times, China aims to achieve an annual GDP increase of 5 % this year. This target seems lowest in recent years. On the other hand, the
Mumbai, 5 January 2022 – Mirae Asset Credit Opportunities Fund has announced its outright acquisition of a pre-leased Grade A industrial asset at Bhiwandi, MMR for INR 130 Crs. The industrial property, housed in the 160-acre K-Square Integrated Industrial Park and spreads over 9 acres, has been acquired from Prakhhyat Group. As Mirae Asset Investment Group’s
A company that specializes in brain health software successfully raised $2.13 million for their latest project which detects early-stage dementia. A California-based health tech company called In-Med Prognostics has raised $2.13 million led by Exxora and with participation from prominent angels. In-Med Prognostics is a leading provider of deep learning algorithms and machine learning, which
Blockchain gaming giant ‘Yat Siu’, the cofounder of Animoca Brands expects the next generation of the internet to happen sooner rather than later. Web3 will feature decentralization, faster processing, and a more secure browsing experience. Within the next 18 months, there will be a wave of open metaverse participators. This is because within that time
The new and latest edtech company to enter the Indian unicorn club is PhysicsWallah, who raised $100 million in Series A funding from Westbridge and GSV Ventures. Their startup has a valuation of 1.1 billion dollars. PhysicsWallah is the first ed tech company to reach a valuation of over $1 billion. Overall, 101 companies in
