Saad Khan

08 May 23

Bain Capital to raise $4 billion for new global special situations fund.

Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed investments in a broad range of asset classes. After being separated with a separate team outside the credit unit’s purview, the special circumstances strategy is now a…

08 May 23

PropertyPistol Secures Massive INR 45 Cr Funding.

Mumbai-based proptech startup PropertyPistol has raised INR 45 Cr in its Series A funding round from investors including ICICI Bank and Equity Partners India. According to the full-stack real estate brokerage and consultancy service, over 20,000 properties have been sold, over 5,000 projects have been handled, and $2 Bn in…

04 May 23

Ace Turtle Rakes in $34M Funding from Vertex Growth & Others.

Ace Turtle, a retail tech startup based in India, has recently raised $34 million in a Series B funding round led by Vertex Growth, with participation from SBI Investment and other investors. The company, which provides SaaS solutions to retail companies, plans to use the funding to expand its operations…

03 May 23

“Pine Labs, Fintech Unicorn, Delays IPO Plans”

Fintech unicorn Pine Labs, a merchant commerce platform based in Noida, India, has announced its plans to defer its initial public offering (IPO) in the US to next year. The company had previously been preparing for a $500 million IPO in the US, backed by investors such as Sequoia India…

30 Apr 23

Tickertape Restructuring: 30% Workforce Laid Off to Boost Fintech Platform Efficiency

Tickertape, a fintech startup, has recently laid off almost 30% of its workforce, which amounts to 29 employees, as part of an internal restructuring exercise. The company has not disclosed the reason behind the restructuring, but it is believed that the move was made to streamline operations and cut costs.…

25 Apr 23

PhonePe Owned By Walmart Soon Launch App Store To Take On Google

Walmart-owned PhonePe is set to launch its own app store for Android users in India, challenging Google’s dominance in the market. The fintech giant, which was acquired by Walmart in 2018 as part of the US retailer’s $18 billion acquisition of Flipkart, is looking to expand its offerings and become…

20 Apr 23

Toprankers, acquired ProBano, a Delhi-based career guidance platform.

Toprankers, an edtech startup, has recently announced its acquisition of ProBano, a Delhi-based career guidance platform. The acquisition is aimed at leveraging ProBano’s expertise in offering career guidance services to students. The terms of the deal, including the deal size, have not been disclosed yet.Toprankers is a Bengaluru-based edtech startup…

13 Apr 23

Oneistox, an Indian edtech startup, has raised $1.2 million.

Oneistox, an Indian edtech startup, has raised $1.2 million in seed funding co-led by Y Combinator, Powerhouse Ventures, and Soma Capital, along with other investors. The startup aims to upskill professionals in the architecture, engineering, and construction (AEC) industry by providing them with online courses and certifications. With this funding,…

Dunzo Lays off After $75 Million Funding.

08 Apr 23

Dunzo:The Hyperlocal Delivery Startup Lay off 30% staff after securing $75M From Convertible notes.

In India, everyone is familiar with Dunzo, a hyperlocal delivery business. Kabeer Biswas, a graduate of the University of Mumbai’s K. J. Somaiya College of Engineering, launched the business in July 2014. Dunzo began as a tiny WhatsApp group where users could ask for assistance with daily activities. The concept…

04 Apr 23

“DMI Finance secures $400 Mn funding from Japan’s MUFG Bank to revolutionize Indian finance industry”

DMI Finance, a non-banking finance company (NBFC) in India, has raised $400 million in an equity round led by MUFG Bank of Japan and Sumitomo Mitsui Trust Bank. The funding round includes primary and secondary transactions. DMI Finance plans to use the funds to expand its lending business and invest…

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