Funds

Plutomen, an Augmented Reality (AR) based self-assistance and remote collaboration platform, today announced that it has raised funding of $ 300 k from GUSEC Seed Fund, DeVX venture Fund, and Industry-Tech focussed HNIs. The funding is a mix of equity & CCD. The funding will be deployed to build the sales & marketing team and also to extend the product team.

With the super app in the making and expansion of digital business, Tata Sons is looking for investors to pump in money. The company reportedly approached global investors to raise an estimated $2-2.5 billion for its digital business as the company prepares for the pilot launch of its super app in Bengaluru in September.

Edtech firm Byju's has raised $50 million in its Series F funding round from investors. According to regulatory filings, the amount was raised from IIFL and Maitri Edtech. IIFL invested $35 million, while Maitri Edtech invested $15 million.

Nutraceutical start-up Power Gummies recently raised its second bridge round funding of approximately US$1 million at an undisclosed valuation from investors such as DSG and Pivot Ventures.

Diversified FMCG and FMHG focused company, Ruchi Soya has filed it’s draft papers with the regulator to raise upto Rs 4300 crores via a further public offering by way of a pure fresh issue.

Apex industry body, PHD Chamber of Commerce and Industry submits 17 recommendations including a substantial stimulus to create effective strides for a futuristic growth trajectory for Indian Economy and for diminishing the daunting impact of the second wave of the pandemic covid-19. The PHD Chamber has given its list of recommendation to the Honorable Finance Minister, Smt Nirmala Sitharaman on...

Retail broking firm Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe. The development comes close on the heels of reports of data breaches at organisations like MobiKwik, Facebook and LinkedIn. "On receipt of e-mails claiming unauthorised access into our database, we...

SBI Mutual Fund (MF) on Thursday said its asset base has crossed Rs 5 lakh crore-mark in the March quarter, becoming the first fund house in the country to achieve such a feat. The fund house's average asset under management (AAUM) rose to Rs 5.04 lakh crore in 2020-21 from Rs 3.73 lakh crore in the preceding fiscal, recording...

The finance ministry released Rs 45,000 crore as additional devolution to states in FY 2020-21, an increase of 8.2% over RE 2020-21. As per RE 2020-21, Rs 5,49,959 crore, 41% of the shareable pool of taxes and duties were estimated to be released to the states. However, the ministry has devolved an amount of Rs 5,94,996 crore, based on...

The centre has stepped up spending further in the eleventh month of fiscal 2021. Government expenditure grew almost 53 per cent in February on a year-on-year (y-o-y) basis compared to a 49 per cent growth in January. This was by far the highest monthly growth in the financial year 2021 on a yearly basis. It was primarily led by...