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Finance & Funding

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Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process

The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan defaultNew Delhi: Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of...

RIL in process to set up $2.4-3 billion InvIT to monetise retail warehousing assets

The company has already registered a trust with the market regulator Securities and Exchange Board of India (Sebi) in February this yearNew Delhi: Reliance Industries Ltd (RIL) has started the process to set up an infrastructure investment trust (InvIT),...

Men’s fashion brand Barcelona raises Rs 5 crore equity-free capital from GetVantage

The funds raised from GetVantage will be used to open around 50 outlets across the country in the new financial year and to step up its marketing efforts Mumbai: Barcelona, the fashion and apparel brand for men, has raised Rs...

Jewellery brand Rubans receives Rs 100 crore valuation at Shark Tank India

Rubans received investments from Namita Thapar, executive director of Emcure Pharmaceuticals; Vineeta Singh, co-founder of Sugar Cosmetics and Aman Gupta, co-founder of Boat Lifestyle Bengaluru: Homegrown jewellery start-up Rubans has received a Rs 100 crore valuation at television series Shark Tank...

Fashinza raises $30 million from Mars Growth Capital

The Gurugram-based firm plans to use the funds to fuel its ongoing transition into a global business with significant operations in the USA, Gulf, and EuropeNew Delhi: B2B e-commerce startup Fashinza, which focuses on global fashion supply chains, has...

Competition Comm approves ADIA’s stake buy in Lenskart under green channel route

Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, is deemed to be approved on being intimated to the competition watchdog New Delhi: Fair-trade regulator Competition Commission of...

Warburg Pincus sells 2.49% stake in PVR for Rs 380 crore

Warburg Pincus sold the shares in PVR through its affiliate Berry Creek Investment LtdNew Delhi: Private equity company Warburg Pincus on Monday divested a 2.49 per cent stake in multiplex-chain company PVR for Rs 380 crore through the open market...

PhonePe raises $200 million in additional funding from Walmart

With this tranche, the company has raised a total of $650 million (around Rs 5,360 crore) from several global investorsNew Delhi: PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around...

Influencer marketing platform One Impression raises $10 million from Krafton, others

The company will utilise the money to expand its offerings, accelerate product development, and grow its presence in international markets, the startup said in a statement Mumbai: Influencer marketing platform One Impression on Wednesday said it raised $10 million in...

Ayurveda product brand The Ayurveda Company raises Rs 100 crore

The Ayurveda Company will use the funds to expand its offline presence, improve product manufacturing and expand research and developmentNew Delhi: Omni-channel ayurvedic lifestyle brand The Ayurveda Co. (T.A.C) raised Rs 100 crore in its Series A funding round led...

Tiger Global offloads 1.7% stake in Delhivery for Rs 414 cr

Internet Fund III Pte, a fund managed by Tiger Global Management sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the companyNew Delhi: Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7...

FreshToHome raises USD 104 million from Amazon Smbhav Venture, others

With the fundraising, the company aims to expand business including opening up of 100 physical retail storesNew Delhi: Startup FreshToHome, which sells fish meat and poultry products, has raised USD 104 million from Amazon Smbhav Venture Fund and other investors...

Panasonic India aims 14% revenue growth in FY24; to expand product portfolio

The company is expecting this current financial year to end with a revenue of Rs 11,000 crore with double-digit growthNew Delhi: Appliance and consumer electronics maker Panasonic Life Solutions aims to achieve a 14 per cent revenue growth in FY24,...

PhonePe raises $100 million in additional funding at $12 billion valuation

Fintech firm PhonePe has raised about Rs 828 crore in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger GlobalNew Delhi: Fintech firm PhonePe has raised another $100 million (about Rs...

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GenAI-powered conversational messaging platforms can bring more consumers to e-commerce: Report

The report also highlighted the growing user preference for leveraging conversational platforms for daily tasksNew Delhi: GenAI-powered conversational messaging...
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