Campa Cola is back🧃, Funding Deals💰, UPI to reach 1 Bn/day🤑
Reliance brings back Campa, InCred Capital acquires 20% stake, UPI transactions to 1 Bn/day, Fact and more.
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Campa Cola is back: Reliance rolls out iconic beverage brand🧃
Local beverage brand Campa, which has a heritage of over 50 years in the Indian market, was on March 9 re-launched by Reliance Consumer Products Ltd (RCPL), months after it was acquired by the company's parent entity Reliance Retail Ventures Ltd.
The Campa portfolio will initially include Campa Cola, Campa Lemon, and Campa Orange in the sparkling beverage category.
The launch comes at the onset of the summer season when the sale of beverages and other refreshments usually escalates.
InCred Capital acquires 20% stake in payroll and HR tech startup, TeamNest👨🏻💼
InCred Group-backed wealth management and asset management platform, InCred Capital announced its investments in a Payroll and HR SaaS startup, TeamNest.
After the investment, InCred Capital will hold a 20% stake in the company. The latest infusion forms a part of the Series A round in TeamNest.
TeamNest is a cross-border, multilingual platform that helps businesses of all sectors and sizes manage their payroll and human resources function more efficiently.
B9 Beverages, which owns the Indian craft beer brand Bira 91, has raised $10 million from Japan's largest bank MUFG Bank.
Fintech startup GrayQuest has received Rs 56 crore ($7 million) in its Series A equity funding round led by Pravega Ventures.
IoT Communications and data analytics startup Probus Smart Things has raised $3 million in a Series A funding round led by Unicorn India Ventures (UIV) and a family office from the US.
Houseware, a warehouse-native revenue engine for SaaS companies, has come out of stealth, and announced raising $2.1 million in a seed funding round led by Tanglin Venture Partners.
Inker Robotics has raised $1.2 million in a pre-series A round led by AHK Ventures, an early-stage venture capital firm.
SaaS startup I-CampusBuddy has bagged $500,000 in a strategic funding round from payment gateway platform IppoPay Technologies.
UPI transactions on course to reach 1 billion a day by 2025: Payments Council chief🤑
Daily transactions on the unified payments interface (UPI) platform can touch 1 billion in the next three years as UPI hits its full potential, said Dilip Asbe, managing director and chief executive officer of National Payments Corporation of India (NPCI), exuding confidence in India's payments system, which is considered as one of the best in the world.
“Realistically, if all of us continue the same efforts... I believe that in two to three years we will reach 1 billion transactions. By 2025, we should be able to achieve it,” he added.
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