Author: Priyanka Chauhan

New Delhi: Several digital lending apps met with ministry officials yesterday, February 8th, to discuss the issue with the Ministry of Electronics and Information Technology (MeitY) regarding the sudden ban. If reports are to be believed, around 15 major digital lending companies met yesterday MeitY officials in Delhi. 30-minute slots were given to the companies to make individual representations, and there were group representations. At the meeting, the digital lending companies were strictly prohibited from sharing details outside the meeting room. As per the reports, Google has received a list from MeitY and has yet to act on it. Earlier in…

Gurugram: Cityfurnish, a leading online furniture rental platform in India, has recently closed a $2.5 million financing round. The funding, which includes debt and equity, was led by Northern Arc Capital and included participation from Western Capital, UC Capital Inclusive, and existing investors. With this new round of funding, Cityfurnish has now raised a total of $10 million in debt and equity to support its growth. Founded in 2015 by Neerav Jain and Saurabh Gupta, Cityfurnish was established to provide a flexible and convenient home furnishing solution to urban India. With more than 70% of apartments in metropolitan cities being unfurnished…

New Delhi: The pioneer of Venture Capital in India is set to launch GVFL Seed Stage Fund with a target corpus of Rs 200 crore. The fund would invest in tech-enabled, sector-agnostic and asset-light startups. GVFL has invested in India’s fastest-growing K -12 (kindergarten to 12th) pedagogy company Saarthi Pedagogy. Saarthi Pedagogy currently covers over 1,500 schools across India and has onboarded two lakh students. The investment will help the Ahmedabad-based B2B Ed-Tech startup expand its reach to 5,000+ schools and onboard over 8 lakh students in its next growth phase. “We are happy to invest in Saarthi Pedagogy in…

Mumbai: Excitement is brewing as an early-stage D2C start-up High on Beans Coffee, has entered the coffee space. It is a youth-centric consumer brand; starting from the quirky packaging to the characters they assigned for the flavours, everything seems very new & fresh. High on Beans (HOB) promises to redefine the coffee experience, which has been eagerly anticipated by coffee lovers everywhere. The brand uses the finest Arabica Coffee beans carefully sourced from the best coffee-growing regions in the world & the aroma & taste of the coffee are expertly achieved by freeze-dried crystallization.  High on beans Coffee is roasted in…

Skretting India’s Mangrol facility has been built with an investment of €18.5 million and will cater to domestic and export markets.

Gurgaon: Content monetisation platform Cosmofeed has launched SuperProfile, a link-in-bio tool, to help its content creators to showcase all monetisable products in one place.  Built as an infrastructure layer focused on showcasing products on top of all the social media and messaging platforms, SuperProfile allows content creators to aggregate their social presence. It helps build a single link landing page where creators can showcase their content, portfolios and all monetisable products in one place.  For content creators, a crucial avenue of income is the reach and engagement they can get on platforms, along with being able to make tailor-made digital…

New Delhi: Avni- a feminine care & hygiene startup- has reached 55,000+ Indian menstruators since its inception in April 2021. The femtech brand is all geared up to serve additional 1,50,000+ clients in fiscal 2023-24 with its range of menstrual hygiene products which are skin-friendly, environmentally friendly, and chemical-free at the same time. In addition to its extensive online presence on 10+ e-commerce platforms such as Amazon, Flipkart, OneGreen, Youcare Lifestyle, Smytten, Woovly and others, customers have also been able to purchase Avni’s end product on its website as well as through its 26 retail outlets in southern India. The brand…

New Delhi: Indian market regulator SEBI has written to various custodian banks asking for details of offshore funds and foreign portfolio investors (FPIs) beneficial owners. This move takes place after a scathing attack on the Adani Group by U.S. short-seller Hindenburg Research, alleging improper use of offshore tax havens and stock manipulation. All the allegations were denied by the group. However, the report led to a market rout where Adani group’s seven companies lost more than $100 billion since Jan. 24. As per the data, in January, foreign investors offloaded country’s equities worth 288.52 billion rupees ($3.51 billion). As per…

The number of non-US-based founders with registered companies in the US has grown substantially recently. Helping them navigate the US tax & accounting demands, Inkle is being used by hundreds of founders as revenues surge 7-fold.  Bengaluru: Almost half of the 20,000 US companies created on Stripe’s Atlas incorporation platform alone (of which almost 10,000 were formed in the year leading up to June 2021) were created by non-US-based founders. In helping these founders (and those based in the US) navigate the US regulatory environment, human chat-based US CPA SaaS product Inkle is today announcing a $1.5 million pre-seed funding round to help…

Gurugram: ScikIQ, a leading data management services provider, embraces Indian and International markets with a state-of-the-art AI-Powered fully integrated all-in-one business data fabric platform that aims to transform the global vision of changing the data management landscape. The advanced platform is highly capable of revolutionizing the way companies handle their data, and it’s making waves in the industry even before its official launch. The world generates a staggering 2.5 quintillion bytes of data every day, and with 90% of all data being produced in just the last two years, the need for better data management has never been more pressing. Companies…