Nifty hits all-time high📈, Indian esports🔥
Just a 2-min read. Start your day, the smart way! Latest tech updates, startup insights, and a dose of inspiration.
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Tech Updates
Nifty hits all-time high crosses 18,900; banks, metals shine
Relief for Byju’s as US court rejects TLB Lenders’ Plea
Krafton’s BGMI return revs up Indian esports
NPCI pulls up PPIs, shuts down unregulated co-branded wallets
Prosus reports 80% jump in Swiggy's loss, 26% growth in GMV
Sebi approves Tata Technologies IPO
Vedanta takes a leap into technology with a $4 billion India Display Factory
Indian-made foreign liquor volumes grow 14% in FY23
Byju's in advanced talks to raise $1 billion funding to prevent investor revolt: Report
Funding Deals
E-Mobility as a Service (eMaaS) platform BillionElectric has raised $10 million in a seed round of equity and asset lease funding led by Urmin Group.
Lendingkart, a micro, small and medium enterprises (MSMEs) focused digital lending platform, has secured Rs 200 crore in a debt financing round led by Temasek-backed EvolutionX Debt Capital in order to finance the firm’s working capital requirements.
EV startup Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total pre-Series A fundraise to Rs 72 crore (equity and debt). The funding round saw participation from institutional investors like Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and other high-net-worth individuals (HNIs).
Sukham, a brand that helps men with their sexual wellness using safe and effective treatment plans, has raised $275,000 in a pre-seed funding round led by 100X.VC.
Rannkly, an online reputation management platform, has raised $185,000 in a seed round led by 100X.VC with participation from Riziliant Technologies.
Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake.
Tweet of the day🐥
“ Don't be afraid to take an unfamiliar path. Sometimes they're the ones that take you to the best places.”
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