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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.
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.
Amazon Fresh has expanded its grocery delivery service to over 170 cities in India, up from 130, now including tier-II and tier-III cities like Gorakhpur and Vijayawada. The service has seen a 50% year-on-year growth in operations during the latter half of 2024 compared to 2023, offering a wide range of grocery items with deliveries made within a two-hour window.
The Ministry of Electronics and Information Technology (MeitY) is set to propose a ₹25,000 crore Production-Linked Incentive (PLI) scheme for the electronics sector to the Cabinet for approval. This initiative aims to boost domestic manufacturing and enhance the competitiveness of the electronics industry in India.
Zaggle is set to acquire a 45% stake in Effiasoft for INR 36.7 crore. This strategic investment highlights Zaggle's commitment to expanding its portfolio and enhancing its market presence in the tech sector. The deal is expected to bolster Effiasoft's growth trajectory.
MobiKwik has reported a loss of INR 1.3 crore due to fraudulent activities. The incident highlights ongoing challenges in the digital payment sector, raising concerns about security measures and the need for enhanced fraud prevention strategies.
Shripad Upasani has been appointed as the CEO of Parasnath Clinic, with ambitious plans to achieve a turnover of INR 100 crore by the fiscal year 2025-26. This leadership change marks a significant step for the clinic as it aims for substantial growth in the coming years.
Cult.fit has shortlisted five bankers to manage its upcoming initial public offering (IPO), which is expected to raise INR 2,500 crore. This move marks a significant step for the fitness startup as it prepares to enter the public market.
Saudi Arabia's non-oil exports rose by 10.7% year-on-year in January, with national non-oil exports increasing by 13.1%. The value of re-exports grew by 5.7%, contributing to a decrease in oil exports' share of total exports from 74.8% to 72.7%. Imports also surged by 8.3%, while the trade surplus fell by 11.9%.
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Indian investment tech startup Smallcase raises 50 million dollars in series D funding
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07:30 28.03.2025
OneStack secures 2 million dollars in series A funding round
07:00 28.03.2025
Jio Financial invests 117 million dollars in lending subsidiary
05:32 28.03.2025
amazon fresh expands grocery delivery to 170 cities in india
03:00 28.03.2025
MeitY proposes 25000 crore electronics PLI scheme for Cabinet approval
01:04 28.03.2025
Zaggle to acquire significant stake in Effiasoft for 36.7 crore INR
20:54 27.03.2025
MobiKwik suffers 1.3 crore loss from fraudulent activities
18:12 27.03.2025
Shripad Upasani appointed CEO of Parasnath Clinic aims for 100 crore turnover
15:55 27.03.2025
cult.fit selects five bankers for 2500 crore initial public offering
15:07 27.03.2025
Saudi Arabia's non-oil exports rise 10.7 percent in January 2025
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