Funds

Bengaluru, May 20, 2022: Neobanking app Fi launched its ‘Connected Accounts’ feature to become one of the first fintechs to build a product on top of the RBI’s Account Aggregator (AA) framework. The feature allows users to link multiple bank accounts with Fi to get a comprehensive view of their finances on a single platform. The neobank was also among...

India, 20th May 2022: Led by innovation and strategic marketing, Tata Realty and Infrastructure Limited, India's largest institutional realty player and a 100% subsidiary of Tata Sons Pvt. Ltd reported a vertical growth of over 30% Y-o-Y, over last year’s 120% sales target achievement. With LEED-certified sustainable residential solutions, Tata Realty has sold a total of 1688 units of residential assets across various segments...

Mumbai – May 19, 2022: IntelliSmart Infrastructure Private Limited (IntelliSmart), a JV of the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), has successfully concluded INSTINCT 2.0, its flagship innovation challenge. The program received an overwhelming response. While both individual and team registrations rose 38% compared to the first edition, participation from students (37%), start-ups (35%) and...

Mumbai, 19th May 2022 - Singapore-based Jungle Ventures has announced a $600Mn close of their Fund IV with $450Mn in the main fund and $150Mn in additional managed commitments. This brings their total Assets Under Management (AUM) to over $1Bn, making Jungle the first independent, Singapore-headquartered VC firm that invests across Southeast Asia and India, to reach this milestone. Starting with...

Mumbai, May 19, 2022: Drip Capital, Inc., a leading digital cross-border trade finance platform offering financing solutions to small and medium businesses (SMBs), is pleased to announce that Shweta Madhusudan has joined its leadership team as Global Head, Talent Development and Compensation.  An alumnus of the Indian School of Business, Shweta has over 14 years of experience in Human Resources, Consulting,...

New Delhi, 18h May 2022: Fashinza, a B2B, new-age product development and production management platform enabling fashion brands and manufacturers to produce better, together, has joined hands with Stride One, SaraLoan and other fintech lenders to empower apparel manufacturing SMEs with an over $15 million supplier-financing program. The lack of requisite working capital has been a significant challenge and...

Ratings agency ICRA launched the ICRA Business Activity Monitor - an index of high frequency economic indicators, a composite gauge of economic activity during each month. The ICRA Business Activity Monitor stood at a healthy 115.7 in April 2022, displaying a high year-on-year (YoY) growth of 16.1%, boosted by the low base related to the onset of the second wave...

17 May 2022:  Share India Securities Ltd (SISL), one of India’s leading diversified, technology-driven financial services companies, reported its best ever net profit in the financial year 2021-22.   The company’s PAT jumped by a phenomenal 150% to Rs 201.84 crore for the full financial year 2021-22 from Rs 80.75 crore in the previous financial year. Total consolidated revenue of the...

New Delhi 16 May 2022: RapiPay Fintech Private Ltd, one of the leading fintech companies in India, has announced the launch of RapiPay De Dhana Dhan offer pan India for its 5 Lakhs + agents, also known as, Direct Business Outlets (DBOs).  The new scheme incentives thousands of lucky DBOs daily with prizes such as Smart TVs, Smartphones, mobile accessories and...

Hyderabad / Chennai,  May 15, 2022: Dr. Agarwal’s Health Care Ltd. (DAHCL) has closed a landmark fund raise of ₹1,050 crore from TPG Growth, the middle market and growth equity platform of alternative asset firm Texas Pacific Group which is one of the leading investment firms based out of the US, and from existing investor Temasek, a global investment company headquartered in Singapore....