This week, startup like Induced AI has raised funding; fintech company Slice merged with North East Small Finance Bank while Artha Venture Fund-I made partial exit from Everest Fleet.
ZeeBiz.com has curated a list of top deals this week featuring CRED, Dunzo, OpenAI, DeHaat, WinZO among others.
Despite gaining significant market shares, Indian electric two-wheeler (E2W) market leaders like Ola Electric and Ather Energy are witnessing a lukewarm response from investors amid heavy losses and regulatory uncertainties, the media reported.
Fintech startup Synapse, backed by global VC firm Andreessen Horowitz (a16z) and run by Indian-origin CEO Sankaet Pathak, has laid off 86 people, or nearly 40 per cent of its workforce.
Caller identification app Truecaller on Friday said it has acquired the Bengaluru-based company Unoideo Technologies Pvt Ltd which provides the service TrustCheckr, which, through a SaaS (software-as-a-service) platform, helps businesses verify customer information and detects risk of fraud based on phone numbers and digital signals.
Credit Card bill payment leader CRED on Thursday said its total income for FY22-23 grew by 3.5 times (around 252 per cent) to Rs 1,484 crore as compared to Rs 422 crore in FY21-22.
Logistics and delivery firm Dunzo plans to settle dues of former employees in next three months while it is regularising salary for its current employees, sources said.
Fintech company slice on Wednesday said it has merged with North East Small Finance Bank (NESFB). The merger has received approval from the Reserve Bank of India, slice said in a statement.
ChatGPT developer OpenAI’s CEO Sam Altman has invested in an artificial intelligence (AI) startup, founded by two Indian-origin teenagers Aryan Sharma and Ayush Pathak in the Silicon valley in the US.
Artha Venture Fund (AVF), a Mumbai-based early-stage microVC, has made a partial exit from fleet management company Everest Fleet, the company said in a press note. With this, the microVC fund has recorded a 19x return on its investment.
DeHaat, one of the leading full-stack agritech platform, has clocked a 55 per cent annual growth in revenue to Rs 1,997 crore in the last fiscal, on the back of higher sale of agricultural products.
Homegrown vernacular social gaming platform WinZO on Thursday announced the launch of its app in Brazil, as gaming companies in the country feel threatened by a massive 400 per cent hike in GST.
India’s fintech sector saw a 68 per cent surge in funding in the July-September period (Q3) from the previous quarter, as the country became the fourth-highest funded fintech startup ecosystem globally, a report showed on Thursday.
