The digital lending platform, Lendingkart, announced that it has raised Rs 30 crore in non-convertible debentures (NCBs) from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO), a Dutch development bank, which primarily invests in the growth and frontier markets. The latest round of funding comes after the startup raised Rs 25 crore in debt from the State […]
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American ride-share company, Uber, is bringing its autorickshaw service back into the Indian market this month. The first cities to see UberAUTO will be Bengaluru and Pune. Users of the app can expect the autorickshaws to uphold the same safety features as the company’s cabs have had, according to a company spokesperson. “Autorickshaws are ubiquitous […]
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Ed-tech startup, UpGrad, is reportedly in talks with potential investors to rise funding to the tune of $40 million (Rs 266 crore). This will be the first round of external funding raised by the company. The Mumbai-based company, which is backed by Ronnie Screwvala, has held discussions with three potential investors of which two are […]
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Ayurvedic beverage startup, KivaShots, with plans for expansion has raised funding in its first round. KivaShots was founded by Shalabh Gupta in 2016 as a means of enlivening the ayurvedic food and beverage industry and enticing people to try the healthcare drinks, Gupta said. The company produces ayurvedic beverages in shot form of 40ml which […]
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CitieSocial, an e-commerce startup which aids companies in entering markets in Asia, has raised investments of $2.75 million. Since its founding in 2011, the Taiwanese startup with a presence in Taiwan and Hong Kong has assisted in companies entering Asian markets through a range of services including the use of social media and social media […]
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