Article on October 06, 2022
HDFC Bank Launches SmartHub Vyapar For SME Merchants
SmartHub Vyapar facilitates interoperable payments across multiple payment modes. Merchants can also accept remote payments by sending a payment link over mobile or email to facilitate non-face-to-face collections
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Orb Energy Receives $20 M From US Institution DFC
Orb received its first loan from DFC for $10 million USD, also to support its in-house finance for SMEs
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Humors Tech Secures INR 54 L In Pre-Seed, Led By We Founder Circle
Humors Tech Startup secures INR 54 Lakh, in a pre-seed funding round led by We Founder Circle (WFC), It is an early-stage startup investment platform and Humors tech makes home health care products
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Ultraviolette Increases Its ESOP Pool By $22 Mn
Ultraviolette's board of directors has approved a special resolution to grant 6,466 employee stock options (ESOP) to its employees. It has received over 65,000 preorder inquiries for its yet-to-be-released bike from countries such as India, the United States, and Europe
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Recruitment Automation Startup TurboHire Raises $2 Mn In Pre-Series A Round
The investment was co-led by Pentathlon VC and The Chennai Angels, and also saw participation from T- Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels
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Pine Labs Announces Pay Later Option For Watch-Based Wearables
The brands offering their wearable products under the Pine Labs Pay Later EMI option include Fire-Boltt and PLAY
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Agritech Platform Falca Bags Over $3 Mn From IPV, Others
The round also saw a participation from LetsVenture, Mumbai Angels among other HNIs. The funds raised will be utilized in scaling the services
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Former Delloite Executive Vishal Singh Joins Certus Capital
Singh has experience working for organisations including Brescon & Allied Partner, Edelweiss, ICICI Bank, and Jones Lang LaSalle before joining Deloitte
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Pharmeasy Raises INR 750 Cr, Issues Convertible Notes
PharmEasy an online pharmacy has planned to raise INR 750 crore through convertible notes, Prosus Ventures and Temasek as well as its founders have subscribed to the issue for shares worth about Rs 200 crore,
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Oyo's Valuation In Private Market Falls To Around $6.5 Bn
Oyo's share price in the private market had risen to Rs 94 per share, however, in the subsequent days following reports of the markdown of OYO's valuation by SoftBank, the company's valuation dipped by nearly 13 per cent to Rs 81 per share
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