Ola’s COO Arun Srinivas and Senior VP Sanjiv Saddy resign
Ola has recently witnessed the exits of two of its delegates in leadership, Arun Srinivas, the COO and Sanjiv Saddy, Senior VP at Ola.
India
Funding rounds, acquisitions, regulatory shifts, and major business developments from across the Indian startup and technology landscape.
Marico acquires Ahmedabad-based men’s grooming brand Beardo
Marico, Indian FMCG behemoth today announced that it has acquired Beardo, a men's grooming brand. The acquisition witnessed the exit of VCats.
Bengaluru’s Zetwerk raises $20 Mn funding from Greenoaks & Accel
Zetwerk, a Bengaluru, India-based B2B marketplace that connects buyers and suppliers for manufacturing jobs today announced that it has raised funding
Milkbasket raises $5.5 Mn funding from Inflection Point Ventures
Milkbasket is a dairy and grocery delivery startup that has reportedly raised $5.5 million earlier this week from Inflection Point Ventures.
91springboard raises INR 45 Cr funding from Pearl Brook & Kuwait’s Al Nour
91spingboard today raised INR 45 crore (around $60 million) from California's Pearl Brook Holdings Ltd and Kuwait's Al Nour International Holdings Company.
Mobility startup Rapido launches ‘Rapido Store’ logistics service
Bengaluru-based Bike taxi startup Rapido has launched Rapido Store, a new inter-city logistics service for businesses to deliver products to consumers.
FabAlley’s parent raises INR 20 Cr funding from SAIF Partners and India Quotient
High Street Essentials, the parent company of FabAlley, Indya, Zyra, the e-commerce marketplaces dedicated to women's fashion, has raised funding
Mobility startup Yulu raises INR 30 crore from Silicon Valley-based VC Rocketship
Bengaluru-based Yulu, an EV micro-mobility startup yesterday raised INR 30 crore (around $4 million) from Silicon Valley-based VC firm Rocketship.
Milk Mantra – Dairy foods startup raises $10 Mn in debt financing from US International DFC
Odisha-based dairy products startup, Milk Mantra has reportedly raised $10 million in debt financing from US International DFC
Unacademy acquires programming platform CodeChef
Bengaluru-based edtech platform Unacademy has reportedly acquired the programming platform CodeChef. Gaurav Munjal, the founder of Unacademy...
Reliance gets debt-free – Mukesh Ambani is now 9th richest person globally
As COVID-19 pounced the Indian stock markets, Mukesh Ambani of Reliance Industries in April lost $13.2 billion in his wealth. Fortunately, he has revived...
MaxWholesale raises funding from IAN and Abu Dhabi’s Al Falaj
New Delhi-based B2B e-commerce platform on Friday (19 June) raised INR 4.43 crore (around $0.6 million) from Abu Dhabi's Al Falaj Commercial Investment