Shani Sharma

After a strong start in January, venture fund inflows for Indian startups dropped sharply below the $1 billion mark, accompanied by a decline in the number of deals. The decline can be attributed to a decrease in the number of large funding rounds. According to data compiled by TheKredible, Indian startups raised a total of $802 … Read more

Fintech major Paytm has expressed its intent to seek resolution of alleged contraventions of the Foreign Exchange Management Act, 1999 (FEMA) in relation to its investments in two acquired companies — Little Internet Pvt Limited (LIPL) and NearBuy India Pvt Ltd (NIPL). The company has received a show cause notice from the Directorate of Enforcement … Read more

Flipkart has decided to shut down ANS Commerce, its full-stack e-commerce enabler, three years after acquiring the Gurugram-based company, sources familiar with the matter told Entrackr. “Flipkart has decided to shut down ANS Commerce and has also laid off several employees associated with it,” said a source familiar with the matter, requesting anonymity. Confirming the … Read more

Glance, a mobile-first content platform, is raising Rs 200 crore (around $23 million) in debt from Stride Ventures. This marks its first debt financing and the first fund infusion in three years, following its $200 million Series D round from Jio Platforms in February 2022. The company’s board has passed a special resolution to issue … Read more

MOC Cancer Care & Research Centre, a network of community cancer centres, has raised $18 million in funding led by Elevation Capital.  Previously, MOC raised $10 million from Tata Capital Healthcare Fund in January 2023 to expand its operations and technological capabilities.   The proceeds will be used to expand operations, open new centres, and … Read more

SaaS-based B2B fintech firm Perfios has introduced a new employee stock option plan named “Perfios Employee Stock Option Plan 2025-A.” The board of Perfios has passed a resolution approving the Perfios ESOP Plan 2025, which will consist of 2,05,764 employee stock options, as per regulatory filings accessed from the Registrar of Companies. Each ESOP option … Read more