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AMFI bars Stable Money from distributing mutual funds for six monthsFintech firm Stable Finserv, backed by Peak XV Partners and Lightspeed, faces a ban from distributing mutual funds until November 2026. The...- FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 millionQuality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, ...
- Early-stage vertical commerce startups continue to draw VC interest across beauty, fashion, servicesInvestors are pouring money into quick commerce startups across fashion, beauty, and services. Companies like Firi, Dazzl, and Klydo are se...
- ETtech Deals Digest: Startups raise $370 million this week, up 80% on-yearThe number of deals during the week was down to 22 transactions, compared to 42 in the corresponding week last year.
- India caps refinery margins after windfall export tax to cushion fuel lossesIndia has capped refinery margins to manage losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to ba...
- AI startup Nava raises $22 million in round led by Greenoaks CapitalRTP Global and Unicorn India Ventures participated in the round. The company will use the fresh capital to expand its GPU compute and AI da...
- IT cos slash US teams; D2C luggage brands hit turbulenceHappy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Di...
- India OMCs to pay discounted rates to refiners amid fuel price freezeIndian state-owned oil companies have decided to reduce the prices they pay refineries for petrol, diesel, and other fuels. This proactive ...
- Stable Money to raise $15 million from existing investorsThe round will be led by Nandan Nilekani-founded Fundamentum, with participation from Peak XV Partners, Z47 (previously Matrix Partners Ind...
- Baby products quick commerce startup Ozi raises $6.2 million led by RTP GlobalOzi has raised $6.2 million led by RTP Global with participation from existing investors Blume Ventures, Huddle Ventures, Zeropearl VC, and...
- Oil cos weigh refinery price freeze; move may hit MRPL, CPCLState-owned oil marketing companies are considering paying refineries less than import-parity rates for petrol and diesel to curb mounting ...
- Ecommerce enabler GoKwik raises $13 million from RTP Global, othersGoKwik has raised $13 million in a growth round led by RTP Global, taking its total funding to $68 million. The ecommerce enabler will use ...
- AI firm Budy bags $4.2 million in funding round led by RTP GlobalThe funds will be used to accelerate the training and development of the artificial intelligence (AI) skills of the company founded by robo...
- Fixed income startup Dexif secures $4 million in funding from RTP GlobalBengaluru's Dexif raises $4M from RTP Global, dealing in fixed income securities. Founded by Bhandari, Sharma, and Bajaj. Aims to enhance t...
- Climate-tech startup Varaha raises $8.7 million in funding round led by RTP GlobalClimate-tech startup Varaha raises $8.7 million in funding led by RTP Global, with participation from Omnivore, Orios Venture Partners, and...
- Tech startup Wiom raises Rs 140 crore to make unlimited internet affordableThe Series A round was led by RTP Global while YourNest and Omidyar Network India, an investment firm focused on impact, also participated,...
- RTP Global closes new $1 billion fund, to deploy one-third of corpus in India, SEAOf the overall $1 billion corpus, the fund has earmarked $660 million for new early-stage investments globally, while it will look to inves...
- RTP Global, Prosus lead DeHaat's $30 million funding roundExisting investors Sequoia Capital India, Dutch entrepreneurial development bank FMO, Omnivore and AgFunder also participated in this round.
- Digital credit ledger, Khatabook, raises Rs 454 croreKhatabook claims to have reached over 8 million active merchants across 11 languages in less than a year.
- Agara Labs raises $2.5 million in pre-Series A funding round led by Blume Ventures and RTP GlobalThe company will use the proceeds from round on product development, and set up North America sales team.
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