B2B startup Virtual Metalstreet secures ₹5 crores in angel funding

Bengaluru-based B2B steel marketplace Virtual Metalstreet has raised around ₹5 crores ($700,000) in an angel funding round. The freshly infused funds will be used to strengthen...

Hyperlocal delivery startup DailyNinja acquires WakeupBasket

Hyperlocal subscription-based delivery startup DailyNinja has acquired Hyderabad-based daily morning delivery startup WakeupBasket, in a mix of cash and equity deal. Post acquisition, all the...

Digital lender Kreditech receives first-of-a-kind RBI license to operate as NBFC

Germany-based digital lending company Kreditech has been granted a first-of-a-kind license by the Reserve Bank of India (RBI) to operate as Non-Banking Financial Company...

Ola founders get CCI nod to acquire additional stake in parent company

The Competiton Commission of India (CCI) has approved an additional share purchase by Ola founders, Bhavish Aggarwal and Ankit Bhati, in ANI Technologies, Ola's...

Digital lending startup RevFin secures seed funding

New Delhi-based digital lending startup RevFin, has raised an undisclosed amount of seed funding from a clutch of angel investors. The investors that participated in the...

Foodtech startup Spoonshot acquires restaurant analytics startup Brisky

Techstars-backed foodtech startup Spoonshot has acquired Hyderabad-based restaurant analytics startup Brisky. The details of the deal remain undisclosed. Founded by two NIT Trichy graduates, Rajesh...

OYO continues international expansion, forays into UAE market

Softbank-backed global hotel chain OYO has announced its foray into the (United Arab Emirates) UAE market, continuing its rapid international expansion. In less than...

Kymco acquires 25% stake in EV startup Twenty Two Motors, forays into Indian market

Taiwan-based scooter and motorcycle manufacturer Kymco has acquired a significant stake in the Gurugram-based electric vehicle (EV) startup Twenty Two Motors, marking its foray...

Security solutions startup myGate raises ₹65 crores in series A led by Prime Venture...

Bengaluru-based mobile security management solutions provider myGate has raised ₹65 crores in a series A round led by existing investor Prime Venture Partners. The funds raised...

Alibaba, Amazon in talks to acquire stake in Spencer’s Retail

Chinese e-commerce giant Alibaba and US-based e-tailing behemoth Amazon, are reportedly in talks with RP-Sanjiv Goenka (RPG) Group, to acquire a minority stake in Spencer's Retail,...