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OYO has raised INR 550 Cr (about $65 Mn) from its founder Ritesh Agarwalโs Redsprig Innovation Partners. Redsprig Innovation is a venture capital firm headed by Agarwal. In November last year, Inc42 reported that Agarwal was looking to increase his stake in the company with a fund infusion of INR 550 Cr.
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B2B ecommerce company IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn). It must be noted that IndiaMART initially acquired a majority 51.09% stake in
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Wait What ?? Thats Smart Move ๐ฅ Climate-focussed PE firm Eversource Capital is in talks to acquire BluSmart, which is in trouble following the crisis at its related entity Gensol, sources told Inc42. Eversource has offered to acquire the EV ride-
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Ice cream brand Hocco has raised $10 Mn (INR 85.56 Cr) as a part of its $20 Mn (INR 171.28 Cr) Series B funding round. The round was co-led by Chona family office and Sauce.vc The company plans to use the fresh capital primarily to expand its produc
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The funding round was led by Peak XV Partners, along with participation from InfoEdge Ventures, Chiratae Ventures, Alteria Capital, Stride Ventured. While Peak XV infused $8 Mn (about INR INR 67 Cr), InfoEdge and Chiratae Ventures invested $2.5 Mn (
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Indore-based Shuru, a hyperlocal community app launched by Roposo cofounder Mayank Bhangadia, has raised INR 29 Cr (around $3.37 Mn) in a funding round led by South Korean gaming major KRAFTONโs India arm, with participation from Omidyar Network Indi
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EV startup Bounce has raised โน36 Cr ($3.9 Mn) in a funding round led by existing investors Accel and B Capital. The startup allotted 37.6 Lakh Series F CCPS to Accel India and B Capital each for a cumulative โน36 Cr. CEO Vivekananda Hallekere told I
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Amazon Injects INR 350 Cr Into Amazon Pay India To Boost UPI Presence Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm, Amazon Pay India, as part of its efforts to strengthen its footprint in the countryโs competitive UPI
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๐ก How Much Do Listed Startup Founders Earn? ๐ฐ Hereโs the annual remuneration of prominent startup founders in FY24: 1๏ธโฃ Supam Maheswari (โน103.8 Cr) โ FirstCry 2๏ธโฃ Amit Gainda (โน15.2 Cr) โ Avanse Financial Services 3๏ธโฃ Varun Alagh (โน5 Cr) โ Mama
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