Indian ride hailing giant Ola, announced that it is partnering with one of the top private sector banks in the country, ICICI Bank to provide customers and driver-partners with a host of integrated services. The two companies signed a Memorandum of Understanding (MoU) to finalise the deal. As per a statement released by Ola, customers […]

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 […]

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 […]

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 […]

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 […]