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2 months ago | 
inc42.com | Shubhobrota Dev Roy
SUMMARY San Francisco and Bengaluru-based overseas education startup Leap has secured $65 Mn (INR 562.7 Cr) as a part of its Series E funding The round, which is a mix of primary and secondary deal, also saw participation from existing investors, including Owl Ventures, Jungle Ventures and Peak XV Partners The latest fundraise catapulted the company’s total equity funding to $210 Mn till date San Francisco and Bengaluru-based overseas education startup Leap has secured $65 Mn (INR 562.7 Cr)...
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Sep 11, 2024 | 
htsyndication.com | Shubhobrota Dev Roy
India, Sept. 12 -- Wealthtech startup Centricity has raised $20 Mn (around INR 166 Cr) in its seed funding round, led by Lightspeed, at a valuation of $125 Mn (around INR 1,049 Cr).
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Sep 11, 2024 | 
inc42.com | Shubhobrota Dev Roy
SUMMARY The Gurugram-based startup plans to deploy the fresh proceeds to scale up its technology stack, streamlining sales and for strategic acquisitions Founded in 2022, Centricity offers plug-and-play solutions for IFA professionals looking to make the transition to the wealth management space So far, the company claims to have scooped up $24 Mn in total funding round Wealthtech startup Centricity has raised $20 Mn (around INR 166 Cr) in its seed funding round, led by Lightspeed, at a...
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Aug 2, 2024 | 
inc42.com | Shubhobrota Dev Roy
SUMMARY Flight Tracker Pro will provide real-time updates on flight status, immediate alerts on delays, information on terminal, boarding gate, check-in counter and baggage belt The feature will be available only for customers booking their flight tickets through ixigo ixigo posted a 78% YoY jump in its net profit to INR 14.85 Cr in Q1 FY25, while operating revenue grew 16% to INR 181.87 Cr Online travel aggregator ixigo, which recently reported robust Q1 FY25 results with 78% year-on-year...
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Jul 16, 2024 | 
htsyndication.com | Shubhobrota Dev Roy
India, July 17 -- Ninecamp Ventures, a house of premium food and beverage brands floated by former Zomato executive Chaitanya Mathur, has raised $2 Mn (about INR 16.7 Cr) in its seed funding round from a clutch of angel and non-institutional investors.
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Jul 16, 2024 | 
inc42.com | Shubhobrota Dev Roy
SUMMARY The funding round saw participation from Zomato cofounders Mohit Gupta and Gaurav Gupta, Honasa cofounders Ghazal and Varun Alagh, among others Incorporated in October last year, Ninecamp claims to be a new generation food and beverage startup, primarily focussed on premium dining and consumer products Ninecamp founder and CEO Chaitanya Mathur has over 17 years of experience and played a key role in establishing Zomato’s live business by creating Zomaland Ninecamp Ventures, a house of...
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Jul 3, 2024 | 
inc42.com | Shubhobrota Dev Roy
SUMMARY The New Delhi-based company is looking to invest INR 1,000 Cr over the next three years and will be setting up a capacity of over 20 GWh The investment will also fund related technology developments in the field This comes days after Lohum raised $54 Mn to fuel its market expansion, scaling up recycling operations across India, and also foray into new energy transition materials markets in North America, the EU, the Middle East, Africa, and Asia Lohum Cleantech Pvt Ltd, which operates...
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Jul 3, 2024 | 
htsyndication.com | Shubhobrota Dev Roy
India, July 4 -- Lohum Cleantech Pvt Ltd, which operates an eponymous sustainable energy transition materials company, has set the ball rolling for its new manganese-based batteries project in India and also roped in Tesla veteran Chaitanya Sharma to spearhead the initiative. Sharma has worked at two of North America's first gigafactories, Tesla and IM3NY, leading the latter as its CEO.
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Jun 19, 2024 | 
inc42.com | Shubhobrota Dev Roy
SUMMARY The online gaming platforms have multiple revenue generating alternatives such as in-app purchases, in-game advertisements and subscription-based pay-to-play business models The report further said that the new GST amendment has caused a host of issues, including funding challenges, reduced growth, job losses and heightened sectoral uncertainty Out of the 12 companies surveyed, only five companies were able to record revenue growth since the GST amendment whereas seven companies had...
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Jun 19, 2024 | 
htsyndication.com | Shubhobrota Dev Roy
India, June 20 -- More than 50% online gaming companies in India witnessed stagnant or declining revenues after the government last year imposed 28% goods and services tax (GST), according to a report released jointly by EY and US-India Strategic Partnership Forum (USISPF), based on the latter's survey of 12 such companies.
