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Article on September 21, 2022

Zepto's Founder Becomes Youngest Richest Indian With Net Worth Above INR 1000 Cr

Kaivalya Vohra becomes the youngest Indian with INR 1000 crore Net worth, according to IIFL Hurun India Rich List 2022

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Finnovate Bags Nearly $ 1 M In Pre-Series A Round

The latest investment will enable Finnovate to scale its technology-led wealth management platform and Finnversity

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Nykaa's Falguni Nayar Surpasses Kiran Mazumdar-Shaw, Becomes India's Richest Woman

She is 33rd on the top 100 billionaire list, with a net worth of Rs 38,700 crore. She has surpassed Biocon founder Kiran Mazumdar-Shaw to become the list's richest self-made Indian woman

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D2C Ecommerce Acquires Mumbai-Based Jewellery Brand AccessHer

Through this acquisition, D2C Ecommerce will expand its presence in the jewellery and accessories space and bolster the brand’s footprint

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IAN-Backed Farmers Fresh Zone Acquires AM Needs

This acquisition provides a scaled presence to Farmers Fresh Zone in the USD 144 billion milk market

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Avanse Financial Services Secures INR 390 Cr From Its Existing Shareholders

The contribution percentage of the amount is as per their existing shareholding pattern – 80 per cent and 20 per cent, respectively

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Sunstone Elevates Ankur Jain As Co-founder

Jain would be spearheading further growth for the company and would be focusing on expanding Sunstone’s offering

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SEBI Chairperson Launches FICCI’s Regulatory Technology Initiative

As a part of the initiative, FICCI has facilitated the development of a regtech platform with Teamlease Regtech to enable digitisation of compliance for its members.

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Indian Liquor Market Is Set To Grow Multifold: MD, Monika Alcobev

"We aim to seed the markets of southeast Asia, slowly. We also plan to launch string of offline wine and beer stores and an online store for beverage technology", Kunal Patel, Managing Director, Monika Alcobev mentions while speaking about their expansion plans

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IVCA Announces New VC Council, Appoints Rajan Anandan As Chair

The eight members constituting the new VC council also include Manish Khetarpal, WaterBridge Ventures; Priyanka Chopra, Bharat Innovation Fund; Ruchi Khajanchi, A91 Partners; Sehraj Singh, Prosus Ventures; Anil Joshi, Unicorn India Ventures and Sameer Brij Verma, Nexus Venture Partners

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