Self-drive car company, Zoomcar has reportedly raised $40 million (approximately Rs 255.4 crore) in its latest round of funding. The round was led by automotive giant Mahindra & Mahindra. The funding round comes around 18 months after the startup last raised funds from institutional investors. In August 2016, Zoomcar had raised Rs 160 crore (approximately […]

Bengaluru-based education tech startup, IMAX Program, announced that it has raised $13.5 million from the Michael & Susan Dell foundation, LGT Impact Ventures, and the startup’s existing investor, Aspada. The startup will employ the funds toward product innovation and expanding its consumer base via multiple distribution channels. It will also consider working with schools internationally. […]

Ahmedabad-based digital lending platform, Lendingkart, announced that it has raised $76 million (approximately Rs 500 crore) in a Series C funding round. The round was led by Fullerton Financial, a wholly-owned subsidiary of Temasek Holdings and saw participation from the Singapore-based fund, Sistema Asia. Over the past four years, the startup has raised approximately $173 […]

With plans to model it after the T-Hub in Hyderabad, which is home to over 200 startups, Telangana’s IT minister KT Rama Rao announced the date for the launch of a new women-focused startup incubator in the state. The startup incubator, WE Hub will provide assistance to women-led startups and will also be women-run itself. […]

Automotive manufacturer, Ashok Leyland, is reportedly pursuing an electric vehicle strategy involving partnerships with tech startups and huge investments in R&D. The strategy will go hand in hand with the company exercising fiscal discipline by reigning in CAPEX spending while redirecting and increasing its focus on its electric vehicle platforms for domestics as well as […]