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BluSmart, an electric vehicle ride-hailing company, is facing a significant crisis that raises questions about its future viability. The challenges it encounters could signal the end of its operations, highlighting the difficulties within the EV sector.
Bajaj Finance shares are projected to rally 19% to ₹10,700, according to BNP Paribas, which raised its target from ₹10,020. The firm anticipates a 20% growth trajectory until 2030, despite recent credit cost increases impacting investor sentiment. The company added 5 million new customers in a challenging Q3FY25, supporting a robust growth outlook.
Mumbai-based fintech startup axiTrust has secured $2.57 million in seed funding, led by General Catalyst, with participation from Veltis Capital, Good Capital, and AngelList. Founded in 2024 by Aditya Tulsian, Mukund Daga, and Rajeev Chari, the company specializes in providing micro surety bonds for MSMEs as a collateral-free alternative to traditional bank guarantees. The funds will be used for hiring, app development, and marketing, as axiTrust aims to integrate its platform with MSME systems for enhanced insights and automation.
Indian investment tech startup Smallcase has successfully raised $50 million in a Series D funding round. This significant investment underscores the growing interest in innovative financial solutions within the Indian market. The funding will likely support Smallcase's expansion and development initiatives.
smallcase has secured $50 million in funding to enhance its investment product offerings. This significant investment aims to expand the company's capabilities and provide a broader range of financial solutions to its customers. The move reflects the growing demand for innovative investment products in the market.
Indian investment tech startup Smallcase has raised $50 million in a series D funding round led by Elev8 Venture Partners, with participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures. The Bengaluru-based company plans to use the funds to diversify its investment products, enhance partnerships with financial institutions, and improve its technology and data analytics capabilities. Founded in 2016, Smallcase offers curated baskets of stocks, enabling investments through existing demat accounts.
Mumbai-based fintech startup OneStack has raised $2 million in a Series A funding round led by Pentathlon Ventures, with participation from Yatra Angel Network, 100Unicorns, and Venture Catalysts. Founded in 2019, the company provides digital solutions for cooperative banks and credit societies, including core banking services and financial integrations. With the new funding, OneStack aims to expand into southern and eastern India, targeting a 20% market share and onboarding 200 additional banks.
S Ramadorai played a pivotal role in transforming Tata Consultancy Services (TCS) into a $6 billion company, as highlighted by Tamil Nadu Minister Palanivel Thiaga Rajan. His leadership significantly contributed to the company's growth and success in the tech industry.
Nomura, BNP Paribas, and HSBC have upgraded their recommendations for Shree Cement, Larsen & Toubro (L&T), and Glenmark Pharma, signaling potential investment opportunities. These leading global brokerages have revised target prices and ratings based on market conditions and company fundamentals for the upcoming year.
Jio Financial has made a significant investment of $117 million in its lending arm, signaling a strong commitment to expanding its financial services. This move is part of the company's broader strategy to enhance its presence in the financial sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bluSmart faces crisis as challenges mount for electric ride-hailing service
09:31 28.03.2025
bajaj finance shares predicted to rise 19 percent by analysts
08:46 28.03.2025
Indian fintech startup axiTrust secures 2.6 million dollars in seed funding
United States Dollar
Indian Rupee
Goodwood Capital
IND
Mukund Daga
Aditya Tulsian
Rajeev Chari
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08:30 28.03.2025
Indian investment tech startup smallcase secures 50 million dollars in series D funding
08:13 28.03.2025
smallcase secures 50 million dollars to enhance investment product range
07:38 28.03.2025
Indian investment tech startup Smallcase raises 50 million dollars in series D funding
Indian Rupee
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
IND
Vasanth Kamath
Anugrah Shrivastava
Rohan Gupta
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07:30 28.03.2025
OneStack secures 2 million dollars in series A funding round
07:00 28.03.2025
S Ramadorai's leadership propels TCS to six billion dollar milestone
06:50 28.03.2025
brokerages upgrade recommendations for shree cement larsen toubro and glenmark pharma
06:32 28.03.2025
Jio Financial invests 117 million dollars in lending subsidiary
05:32 28.03.2025
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