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ETtech Deals Digest: Startups raise $158 million this week; up 72% on-yearIndian startups secured $157.7 million between May 10 and 16, marking a significant increase from the previous year but a decline from the ...
Investors have committed Rs 450 crore for second fund: Carpediem CapitalThe home-grown private equity player has invested in two companies — Fornax and Sindhuja Microcredit — from the second fund, while Rs 380 c...
Crypto crashes, sparks panic; Dream Capital chases cricket NFTsThe digital asset has now lost almost half its value from an all-time high of $68,990 in November, owing to geopolitical tensions and the p...
Data wiper hits Ukraine computers; edtech firms guarantee jobsHours before Russian President Vladimir Putin launched an invasion of Ukraine on Thursday morning, a destructive piece of software had alre...
1-India Family Mart raises Rs 50 crore in funding from Dubai-based Gulf Islamic InvestmentsThe “fresh funding round from GII will significantly boost our expansion plans, strengthen our retail presence and drive growth trajectory ...
Developments at Tata Digital; ride-hailing firms optimisticOur top story today is a round-up of some interesting and significant developments at Tata Digital -- specifically, its new acquisitions Bi...
Suumaya Industries picks up minority stake in Nysaa RetailThe deal offers Suumaya access to 1-India Family Mart’s more than 100 outlets, mostly in tier-3 and tier-4 cities. Suumaya has purchased a ...
Local authorities seen ‘harassing’ retailers in small cities & towns“There should be detailed guidelines so as to avoid harassment at hands of the local administration,” said Ram Chander Agarwal, CMD, V2 Ret...
Work from home boosting India's comfort-wear sector as hosiery market sees a spike in demand“With the lockdown being eased and restrictions being lifted across various parts of the country, we have witnessed a spike in demand for u...
1-India Family Mart CEO loves reading TS Eliot, feels his poems are complex, disruptiveThe retail chain boss finds TS Eliot's works to be the most appealing.
1-IndiaFamilyMart appoints new COOIndiaFamilyMart presently has 92 stores across East and North India, said the company.
Nysaa in talks with private equity funds to raise Rs 350 croreThe Carpedium Capital-backed company has appointed investment bank Avener Capital to look for investors.
Nysaa hires former ShopClues, V-Mart CFO to head group financeCarpediem Capital-backed Nysaa Retail has bolstered its top deck as the value retail chain starts preparing for an initial public offering.
Nysaa Retail to invest Rs 100 cr to add 80 storesThe company, which operates 80 stores in tier-II and -III cities in eastern and northern India, is expected to close the current fiscal wit...
Carpediem Capital-backed 1-India Family Mart registered Rs 245 crore net revenueThe start-up attributes the growth to its expansion to newer states mainly from Tier-3 & 4 cities in the north and East India, which led to...
Carpediem capital PE invests Rs 41.5 crore in 1-India Family MartThe national consumer market is reportedly growing at 12-18%, with smaller cities and towns growing at a faster rate than the rest of the c...