BUSINESS
Reading has increased in last 2 years, thanks to lockdown: Rahul Mathur and Anirudh Singla
A voracious reader from the very beginning or new to it, young founders Pepper Content's Anirudh Singla and BimaPe's Rahul Mathur respectively, have read enough books to overfill their shelves in the last one and half year.
BUSINESS
Mamaearth raises $50 million led by Sofina, valued at $730 million
Mamearth, one of India's hottest new-age consumer brands, was valued at $730 million in its latest funding round, more than double from less than a year ago.
BUSINESS
Karnataka High Court dismisses Amazon-Flipkart's plea against CCI investigation
The order means that the Competition Commission of India's probe against the two e-commerce giants for alleged anti-competitive practices will continue
BUSINESS
Regulation delay could benefit crypto industry, but long way to go, say experts
The government not tabling the Cryptocurrency Bill in the Monsoon Session of the Parliament came as a blow to many hoping for quick and efficient regulation of a burgeoning asset class. But there may be more to it than meets the eye. Moneycontrol decoded with experts why regulation may be delayed, how it could help and what is next for the crypto industry.
BUSINESS
To grasp trading and finance, read interviews: Zerodha founder Nithin Kamath
Zerodha founder Nithin Kamath talks about why he thinks everyone must try trading at least once, multitasking while listening to audiobooks, and why he has not read fiction so far.
BUSINESS
India’s SaaS companies to open up $1 trillion opportunities, 5 lakh jobs by 2030
Indian SaaS communities have been one of the beneficiaries of the pandemic as the enterprises embraced digital. Such digital transformations will drive a 60 percent increase in enterprise tech over the next ten years, a report by SaaSboomi and McKinsey said.
BUSINESS
VC firm Iron Pillar raises $10 million from Allana Group for second fund
Iron Pillar’s portfolio includes software Uniphore, meat delivery startup FreshtoHome and Servify- which helps in customer experience for hardware devices.
BUSINESS
IPO-bound Pine Labs raises $600 million from Fidelity and Blackrock, valued at $3 billion
Pine Labs, which is expected to go for an IPO soon, has been valued at $3 billion in its latest private funding round.
BUSINESS
India's digital economy to touch $800 billion by 2030: Redseer
The annual gross merchandise value or the value of total goods sold on the online commerce platforms is likely to be $55 billion in 2021 and $350 billion in 2030.
BUSINESS
Powerhouse91 raises money from Crossbeam Venture Partners
Powerhouse91 is the latest Indan ecommerce roll-up brand following the Thrasio model to raise seed funding.
BUSINESS
Mastercard invests in payments firm Instamojo
Payments giant Mastercard has invested in Indian payments startup Instamojo.
BUSINESS
I read investment books for pleasure: Groww CEO Lalit Keshre
Lalit Keshre finds investment books calming and peaceful. The CEO of billion dollar investment app Groww doesn't let the pressure of finishing books get to him. In an episode of Moneycontrol's show All About Books he shares his tips and tricks, favourite books and recommends some great ones.
BUSINESS
Content startup Pratilipi raises Rs 20 crore debt from Alteria Capital
Pratilipi has raised debt from venture debt firm Alteria Capital
BUSINESS
IPO-bound PolicyBazaar opens retail stores; hires former SBI senior executive
Insurance marketplace Policybazaar, which is preparing to go public will now have offline stores, going beyond a digital-only presence so far
BUSINESS
Bitcoin is the future of currency if government, banks understand and regulate it: Experts
Are banks more open to crypto transactions now? What does El Salvador's decision mean for the global crypto economy? How do we avoid scams and bad actors? Crypto experts on Moneycontrol's Twitter Spaces answer these questions.
BUSINESS
GoMechanic raises $42 million in Series C funding led by Tiger Global, Sequoia Capital
Tiger Global continues its dealmaking frenzy, leading a $42 million funding round in car service startup GoMechanic.
BUSINESS
CCI probe | Flipkart, Amazon present arguments in Karnataka HC; hearing to continue on June 22
Marketplaces are alleged to be having a preferred vendor model which favours a select set of merchants.
BUSINESS
Progcap raises $25 million in Series B funding from Sequoia Capital, Tiger Global
Progcap says it will deploy the money to enhance services and expand its presence across existing geographies. It will also use the funds to scale up the team, strengthen technology and diversify into new products.
BUSINESS
Indian UHNIs could invest $30 billion in tech startups by 2025: Report
India could see ultra HNIs invest $30 million in tech startups by 2025.
BUSINESS
IKEA starts delivering home furnishing solutions in Bangalore
Ikea has products ranging across categories like furniture, beds and mattresses, storage and organisation, textiles, home decorations, bathroom and outdoor products, lightings, kitchenware and appliances, laundry and cleaning items.
BUSINESS
This unicorn founder hates reading business books. Here's what he loves reading
How many high-powered business executives hate reading business books? Here's one. In a candid Clubhouse conversation, Infra.Market CEO Souvik Sengupta talks about pleasurable reading, the joy of PG Wodehouse, and how his investors give him subtle hints on where he lacks as an entrepreneur
BUSINESS
FamPay raises $38 million in Series A round from Elevation Capital, Sequoia, others
Other early investors, Venture Highway, Y Combinator, Global Founders Capital and new Global Investors like General Catalyst, Rocketship VC, and Greenoaks Capital also participated in the Series A round, a statement said.
BUSINESS
Influencer led e-commerce platform Shop101 to be acquired by Glance
ANNOUNCEMENTS
Niyo to acquire Bengaluru-based personal finance startup Index
This is Niyo’s second acquisition after acquiring Goldwise around mid-2020.
