Financial services
Spotlight
Accel bullish on non-urban markets; sees large cos emerging in e-comm
PTI -
Accel is also bullish on companies dabbling in edtech, upskilling and recruitment solutions as well as content platforms and consumer companiesNew Delhi: Several large, $1 billion-plus companies will be built over the coming decade, serving promising domains such as...
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DPIIT holds consultation on further promoting ease of doing business with industry, other depts
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The meeting was aimed at taking inputs on different issues like Jan Vishwas law 2.0, business ready indexNew Delhi: The department for promotion of industry and internal trade (DPIIT) on Wednesday held discussions and sought inputs from industry...
Finance and Funding
Sportswear brand Technosport raises Rs 175 cr from A91 partners
Technosport plans to use the capital to enhance capabilities, digital brand building, marketing
New Delhi: Tiruppur-based sportswear brand Technosport has raised Rs 175 crore from A91 partners, a release by the company said on Friday.
With the fresh capital, TechnoSport plans...
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Rising frauds propel demand for AI/ML strategies: Experian Study
The study underscores that the future of effective fraud prevention lies in the realm of artificial intelligence (AI) and machine learning (ML) technologies
New Delhi:Â The number of fraudulent activities in India has increased in recent times with almost 64% of...
Finance and Funding
Velocity launches Rs 300 crore growth fund for SaaS companies
The company has entered into partnerships with leading NBFCs and regulated entities to meet its funding needsNew Delhi: Velocity, a cash flow-based financing platform for new-age businesses, on Wednesday announced a Rs 300 crore growth capital fund for B2B...
Spotlight
Gen AI can add cumulative $1.2-1.5 trillion to India’s GDP by FY30: EY
PTI -
The anticipated impact entails improvements in workforce productivity, increased operational efficiency, and personalised customer engagement, EY India saidNew Delhi: Generative artificial intelligence (Gen AI) has the potential to add a cumulative $1.2-1.5 trillion to India's Gross Domestic Product over...
E-Commerce
ONDC announces Build for Bharat initiativeÂ
The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants representing startups, companies and colleges.
New Delhi: Open Network for Digital Commerce (ONDC) has announced a new initiative called ‘Build for Bharat’,...
Financial & Equity Services
Swiss-Asia Holding exits ABFRL, sells entire stake for Rs 207 crore
PTI -
Swiss-Asia through its affiliate Griffin Growth Fund VCC sold the shares of ABFRL on the NSENew Delhi: Financial services company Swiss-Asia Holding Pte on Wednesday offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd...
E-Commerce
The offshoots: 12 startups founded by former Flipkart employees
From fitness to fintech, here are 12 diverse startup businesses founded by individuals who were once part of the Flipkart team
Bengaluru: Flipkart is the model success story of an Indian e-commerce startup. The homegrown e-commerce platform Flipkart was founded...
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Lulu Mall Lucknow hosts 2023 ICC World Cup trophy tour
Activities around the tour included interactive displays showcasing the history of cricket, photo opportunities with the real ICC Cricket World Cup trophy, and other engaging activities
New Delhi: UAE-based Lulu Group’s mall in India, Lulu mall Lucknow became the first-ever mall in...
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Swiggy announces 5th ESOP liquidity programme worth $65 million
So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting...
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