Honasa Consumer Limited, the parent company of Mamaearth, has announced the resignation of Anuja Mishra, Chief Marketing Officer (CMO) with effect from closure of business hours on June 30, 2025 due to personal reasons. According to the circular filed by Honasa Consumer, Varun Alagh, CEO and whole time director of the company, will be the … Read more
Securis Finance, the new venture by the founders of the Junio payments app, has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). This step will allow Securis to offer simple and student-friendly education loans to teenagers across India. Founded by Shankar N., Securis Finance is focused … Read more
Travel fintech company Scapia has raised $40 million in its Series B round led by Peak XV Partners, with participation from existing investors, Elevation Capital, Z47, and 3State Ventures. The funding will enable Scapia to strengthen its team, enhance its product offerings, harness the power of AI and accelerate its ambitious growth plans, Scapia said … Read more
Bengaluru-based defense technology firm Tonbo Imaging has raised Rs 175 crore or $21 million in its Series D pre-IPO round from Florintree Advisors, Tenacity Ventures, and the Export-Import Bank of India. The proceeds will be used to support the company’s development of next-gen infrared sensors and advanced energy weapons, along with expanding its global operations. … Read more
Flipkart Internet, the marketplace arm of Walmart-backed Flipkart, has received Rs 3,249 crore (approximately $382 million) in internal funding from its Singapore-based parent entity. Earlier, in April 2024, the company had secured Rs 1,421 crore from the same parent organization. The board at Flipkart has issued 470,773 equity shares at an issue price of Rs … Read more
Managed workplace solutions company, IndiQube, has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offerings (IPOs). In December last year, the Bengaluru-based company filed its DRHP for Rs 850 crore (approximately $100 million) IPO, comprising a fresh issue of Rs 750 crore and an offer for sale of … Read more
Zomato has reportedly given pink slips to as many as 600 customer support associates within a year of hiring them. This comes at a time when the food and grocery delivery major is witnessing slowing growth in its core food delivery vertical and mounting losses in its quick commerce arm, Blinkit. Moneycontrol was the first … Read more
Hood, a pseudonymous social networking platform, has pivoted to a matchmaking platform under a new brand, KnotDating. KnotDating, an AI-powered matchmaking platform, has been launched to cater to professionals seeking serious relationships. The platform uses behavioral insights combined with human-assisted matchmaking to enhance compatibility and foster connections. Currently, KnotDating operates on an invite-only basis, with … Read more
Logistics firm Shadowfax is gearing up for an initial public offering (IPO) in 2025, taking its first major step toward going public by transitioning into a public entity. The board at Shadowfax has approved a resolution to change its status to a public company and rename it from “Shadowfax Technologies Private Limited” to “Shadowfax Technologies … Read more
During the week, 23 Indian startups raised a total of approximately $152.49 million, including 5 growth-stage and 17 early-stage deals, while a startup kept its funding details undisclosed. In comparison, the previous week saw 25 startups across early and growth stages secure around $176.44 million. [Growth-stage deals] This week in growth-stage funding, wealthtech startup Smallcase … Read more