Article on July 04, 2023
Genleap AI Eyes $200mn Valuation In Resurgent US IPO Market
Genleap AI aims to raise USD 54 million and achieve a valuation exceeding USD 200 million
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EV Maker Vegh Bags $5mn In Pre-series Round
The funding comes from an undisclosed investor and marks a significant milestone in Vegh's ongoing USD 50 million pre-series fundraising round.
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JetSynthesys Acquires Majority Stake In KidzByte Media Tech
Founded by media professionals, Chetan D’Souza and Swagat Salunke, KidzByte also trains and aims to transform tweens from content consumers to creators via audio-visual medium
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Droom Doubles Its Yearly Loss To Rs137cr
The company reported in a ROC filing that its overall consolidated income, which increased 188 per cent to Rs 390.2 crore, was overshadowed by an increase in expenses
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Gender-diverse Teams Excel In Decision-making, Growth: Founder Winpe
There is a positive correlation between the presence of women in investment teams and the inclusion of women-led companies in investment portfolios, says Nupur Garg
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Swiggy Launches New Feature 'WhatToEat' For Better Food Discovery
The move by Swiggy came few days after Zomato rolled out the multi-cart feature
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PhonePe's ONDC App Pincode Expands To Ten Cities
The Pincode app was initially launched in Bangalore in April and claims to have delivered over 1 lakh orders in the city, according to media reports
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Byju’s Promoters Sell Shares Worth $408mn Since 2015: Report
Meanwhile, Raveendran sold 29,306 shares worth USD 3.28 million since 2015, while purchasing about 31,960 shares from multiple sellers
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Manufacturing Startup Frigate Bags $1.5mn From Arali, Capital-A, Java Capital, Others
Prior to this funding round, the company had raised its pre-seed round of USD 185,000 through strategic angel investors and founders in April 2022
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Kolkata-based Microfinance Institution Arohan Raises $24mn From IFU, Denmark
According to media reports, Arohan Financial Services counts private equity firm Tano Capital and secondaries specialist TR Capital among its backers
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