Archive for author: Infinite Startup

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28 non-officials nominated for startup council

The govt. has nominated 28 non-official members on the National Startup Advisory Council. Byju’s founder Byju Raveendran, Axilor Ventures chairman Kris Gopalkrishnan, Lizzie Chapman co-founder of ZestMoney amon...

BharatPe is a Digital lending startup raises up to $75Mn equity fund.jpg
Funding updates

BharatPe a Digital lending startup raises up to $75 Mn.

The company aims to raise the first tranche of about $75 million equity by March, chief executive and co-founder Ashneer Grover said in an interview, adding the debt will be raised over two years. The New Delhi...

GitLab CEO Sid Sijbrandij EYES on public market after secondary values the company at $6 billion.jpg
Funding updates

GitLab CEO Sid Sijbrandij EYES on public market after secondary values the company at $6 billion.

CEO of GitLab, fresh off an employee share sale that valued his software start-up at $6 billion, said he’s still looking to take the company public, though he’s eyeing many more options than were available in t...

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Hike messaging app shuts down, goes off app stores

Hike backed by SoftBank Group Corp. that aimed to compete against WhatsApp in India, shut down and vanished from app stores Monday. This startup worth at $1.4 billion in 2016, announced its app was going off, f...

RBI Regulate the digital lending platforms.jpg
Funding updates

RBI : Regulate the digital lending platforms

The RBI has set up an internal working group to regulatory framework for the digital platform as the recent hike in such loans uplifted. RBI working group will study digital lending activities in the regulated ...

FASTag Paytm Payments Bank leads with 6 million Tag sale.jpg
Funding updates

FASTag : Paytm Payments Bank leads with 6 million Tag sale

Paytm Payments Bank Ltd; which enables cashless payments at more than 240 toll gates; today declared that it is the leading user of FASTag in the country with over 6 million FASTags. Paytm FASTag has gained pop...

Furlenco (online furniture rental) raises Rs 44 Cr.jpg
Funding updates

Furlenco (online furniture rental) raises Rs 44 Cr in debt. from market

Online subscription-based rental furniture platform Furlenco has raised debt from his investors, Black Soil Capital and Crescent Enterprise Limited. Company has allotted 400 convertible debentures of Rs 500,000...

Paytm a digital payments company said it has raised $1 billion
Funding updates

Exclusive: Paytm a digital payments company said it has raised $1 billion(760 Cr.)

Digital Paytm company say will soon run its payment gateway business under a new entity. Paytm said it has raised $1billion in a financing round led by US asset manager T Rowe Price with existing investors Ant ...

Digit becomes latest to enter unicorn club by raising $80 Mn.jpg
Funding updates

Digit becomes latest to enter unicorn club by raising $80 Mn.

Digit Insurance has become the latest member of the unicorn club with a fresh raise of funds from existing investors. Bengaluru-based Digit kicked off a new round in which the company allotted 78.5 lakh equity ...

CoinSwitch Kuber raises $15 Mn.jpg
Funding updates

CoinSwitch Kuber raises $15 Mn.

CoinSwitch Kuber (Cryptocurrency investment platform) has raised $15 million by “fintech fund Ribbit Capital” and San-Francisco based firm “Paradigm”. It is also Paradigm’s first investment in India. “CoinSwitc...

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