Tencent sells 2.1% stake in PB Fintech for Rs 1,668 Cr; SBI MF, SocGen pick up stake

Chinese conglomerate Tencent on Thursday sold a 2.1% stake in PB Fintech, the parent company of PolicyBazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF)…

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India’s Agrim snags $17.3M to help farmers get inputs like seeds and pesticides more easily

Agriculture in India provides livelihood support to over 42% of its population, contributing 18% to the country’s GDP, according to government data. However, the agri-input market, which provides inputs for…

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Zepto raises additional $340M at $5B valuation as quick commerce competition heats up

Quick commerce unicorn Zepto has raised $340 million in follow-on financing at a valuation of $5 billion amid growing competition and consumer traction in the sector. The round was led by…

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Inside Reliance Group’s AI-led future; Zepto bags additional $340M

Hello,India’s fintech industry is raring to go.SEBI is closely monitoring the oversight and holdup of IPO applications from fintech startups. At the Global Fintech Festival in Mumbai, SEBI chief Madhabi…

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How this engineer-turned entrepreneur built a custom furniture startup

The direct-to-consumer (D2C) furniture space has some stand-out players in the Indian market, including Wakefit and Sleepyhead. But Mumbai-based Torque has maintained a low profile in the five years of…

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Balwaan Krishi banks on accessibility and services to help farmers own agri-equipment

Small and marginal farmers often resort to sharing communal resources and renting equipment to save on capital expenditures. As the demand for machines like harvesters, weeders, and sprayers is seasonal,…

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MO Alts buys minority stake in Bengaluru-based Lal Sweets for Rs 330 Cr

MO Alternate Investment Advisors Private Limited, along with its co-investors, has invested Rs 330 crore and acquired a minority stake in Bengaluru-based Lal Sweets, a packaged sweets company.Established in 2010,…

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