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Finance & Funding

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Zepto raises $340 million at a valuation of $5 billion

The funding round was led by General Catalyst with participation from new investors Dragon Fund and Epiq CapitalNew Delhi: Quick commerce unicorn Zepto has raised $340 million (over Rs 2,850 crore) in a follow-on financing round led by General...

PDS raises Rs 430 crore through QIP

This fund raise will enable PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investmentsNew Delhi: PDS Ltd., a fashion sourcing and manufacturing platform serving global ...

Financing platform Velocity announces ₹400 cr festive season fund for D2C brands

The capital will help D2C brands prepare for the demand surge in upcoming festive season sales New Delhi: Financing platform Velocity has earmarked ₹400 crore to support the financing needs of D2C and e-commerce brands in the upcoming festive season...

Uppercase raises $9mn series B round with Accel

With the $9 million series B round led by Accel, Uppercase’s total funding now reaches Rs. 150 crores since its inception three years back New Delhi: Luggage brand uppercase has raised $9 million in its Series B round led by...

Spices brand Zoff raises Rs 400 million in series A funding

The funding will be utilised to launch new products, expand the business into new segments and strengthen its offline distribution networkBengaluru: Raipur-based spices brand Zoff has raised Rs 400 million in series A funding, led by JM Financial Private...

Consumer goods start-up Beco raises $10 million in pre-series B funding round

The funding round was led by Tanglin Venture Partners, with participation from Titan Capital Winners Fund, Manish Choksi (promoter of Asian Paints), along with existing investors Rukam Capital and Synergy Capital Bengaluru: Mumbai-based home, kitchen, and personal care brand Beco has...

Nasher Miles raises $4 million, eyes over $60 million by FY 2028

The bridge round attracted over 40 investors, including angels, private equity fund managers, friends and family. New Delhi: Mumbai-based luggage brand Nasher Miles has raised $4 million in funding in a bridge round at a valuation of $30mn, a release by...

Newme raises $18 million in series A funding

The funding round was led by venture capital firm Accel with participation from existing investors including Fireside Ventures and AUM VenturesBengaluru: Gen Z-focused fashion-tech startup Newme has secured $18 million in series A funding led by venture capital firm...

Ex-Zomato executive-owned F&B company Ninecamp Ventures raises Rs 16 cr seed funding

The proceeds will be allocated to enhancing the brand portfolio, acquiring prime real estate, recruiting talent, and investing in research and development to foster innovative concepts and products. New Delhi: Food and beverages company Ninecamp Ventures founded by Ex-Zomato executive Chaitanya...

Retail tech small format grocery chain Frendy raises Rs 2 cr

The capital raised will be used to fund its central inventory needs to feed its network of Frendy Marts & Micro Kiranas in Tier 3+ towns of Gujarat. New Delhi: Ahmedabad-based tech-enabled small format grocery chain Frendy has raised Rs 2...

Skincare brand Skininspired raises $1.5mn

The funding was led by Unilever Ventures and supported by notable angel investors such as Dr Vaidya’s co-founder Arjun Vaidya. New Delhi: Udaipur-based skincare brand Skininspired has raised $1.5 million (Rs 12.25 crore) in seed funding, a release by the company...

PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr

Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirementsNew Delhi: PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants...

Govt may relax 45-day payment rule for MSMEs in budget

The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...

Scandalous Foods targets to raise $12 million funding

Upcoming funding round will be utilised to launch Mithai (sweets) parlours and expand its product offeringsBengaluru:  Mumbai-based sweet innovation brand Scandalous Foods is targeting to raise $12 million in the coming months, following its pre-seed funding round in February...

Latest News

Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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