VerSe Innovation, the parent company of the Daily Hunt and Josh apps, reported a loss of Rs. 2,500 crore in FY22, with revenue of Rs. 965 crore

The parent company of the short video entertainment app Josh and the vernacular news aggregator Dailyhunt, VerSe Innovation, continues to suffer severe financial losses, as its losses more than tripled and exceeded Rs 2,500 crore in FY22. Shailendra Sharma, Umang Bedi, and Virendra Gupta formed the Bengaluru-based startup VerSe Innovation in 2007. According to its […]

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Betafi raises pre-seed funding of $1.3 million

Betafi, a platform for unified user research, raises $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital, with Nir Eyal and founders from startups like Razorpay, Pine Labs, Snapdeal, Livspace, and others also taking part. The Singapore-based startup was founded by Arjun Arora and Ethan Sherbondy in 2020. Arjun earned […]

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Gurgaon-based Online furniture rental platform Cityfurnish raises $2.5 Mn

Gurugram-based Cityfurnish, an online platform for renting furniture, has raised $2.5 million in debt and equity investment, bringing its total funding to $10 million. The Northern Arc Capital-led debt round was also participated by Western Capital and UC Capital along with the existing backers. Cityfurnish intends to use the cash generated to grow its business, […]

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Goa-based Spintly raises $2.5 million in a pre-Series A fundraising round

Spintly, a SaaS-based company focused on smart buildings and physical access control, has raises $2.5 million in a pre-Series A fundraising round that was led by LetsVenture, Accel Nest, SucSEED Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology, and Life. Famous angel investors, like Dheeraj Pandey, co-founder, and CEO of DevRev and the previous […]

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The Meat Chop raises Rs 7 Cr from angel investors in the seed round

The Meat Chop, a Chennai-based startup that sources meat from nearby butcher shops and uses tech, raised Rs 7 crores in seed funding on Tuesday. Mohan K, a co-founder of IppoPay; Ankur Agarwal, a co-founder of Dunzo; Meenakshi Sundaram, Jaikumar R, a co-founder of IppoPay; Rahul Mahipal, the founder of Capital Ventures, Omar Bin Brek, […]

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Byju’s secures Rs 300 Cr loan from Aakash

Edtech giant Byju secures a collateral-free loan of Rs 300 crore or $36.5 million from its subsidiary Aakash educational services limited for its principal business activities and at an interest rate of 7.5% per annum. Recently, the company disclosed that it had raised $250 million from its existing sponsors, including Qatar Investment Authority (QI). “The […]

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The D2C electronics brand boAt Raises INR 500 Cr From Warburg, Malabar

boAt, the D2C electronics company, has secured INR 500 Cr ($61 million) from existing investors, a Warburg Pincus affiliate, and new investor Malabar Investments. The D2C electronics brand intended to use the incoming funding to support company growth. The company aims to scale up domestically and internationally through all channels and regions. In 2016, Aman […]

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Bangalore-based B2B ecommerce startup Udaan raises $120 million

This outlier firm, a B2B e-commerce platform called Udaan, has received $120 million in convertible notes and debt when the startup ecosystem is experiencing a funding constraint this year. Udaan was founded in June 2016 and began operations a year later. In September 2018, Udaan became a unicorn, earned a private valuation of $1 billion […]

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Mistry.Store raises $2 million in a seed round led by Omidyar India

Mistry, a home interior materials platform, raises $ 2 million, led by Omidyar Network India. Angel investors Maninder Gulati- OYO, Vasant Sridhar-OfBusiness, Sumer Juneja-SoftBank, Vikram Chopra-Cars24, Rohit Kapoor- Swiggy, Alok Mittal-Indifi and Sharad Goenka from Globalfaces also participated in the round. Vaibhav Poddar and Bhanu Mahajan founded Mistry in 2022. The store sells a range […]

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Reevoy raises Rs 48 crore in debt from Kilde

Fashion trade platform Reevoy has raised Rs 48 crore in debt from Kilde. The startup will utilise this funding to expand its operational capability and increase financial offerings for importers. Reevoy is a tech-based supply chain for fashion and home decor, merchants. Founded in 2020 by Ankur Khetan, Ishan Dadhich, and Mohit Agarwal, the company […]

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