Deeptech robotics startup CynLr raises $10M in Series A funding

Deeptech robotics startup CynLr (Cybernetics Laboratory) has raised $10 million in a fresh Series A funding round led by Pavestone and Athera Venture Partners (formerly Inventus India), bringing its total funding to $15.2 million.…

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Swiggy raises nearly $605M from anchor investors; domestic institutional investors lead

Sriharsha Majety-led Swiggy has raised Rs 5,085 crore (nearly $605 million) from anchor investors ahead of its $1.35-billion IPO, according to a filing made with BSE.The pre-IPO funding was raised…

Continue ReadingSwiggy raises nearly $605M from anchor investors; domestic institutional investors lead

Policybazaar parent PB Fintech’s Q2 FY25 profits soar on the back of insurance premiums

PB Fintech, the parent of digital insurance platform Policybazaar, reported a 43.81% year-over-year (YoY) jump in operational revenue to Rs 1,167 crore and profit after tax reaching Rs 51 crore,…

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Fidelity marks up Lenskart valuation by 12% to $5.6B just months after investment

Fidelity Management and Research Company has marked up the value of its stake in omnichannel eye-retailer Lenskart by 12% taking the valuation of the company to $5.6 billion just months…

Continue ReadingFidelity marks up Lenskart valuation by 12% to $5.6B just months after investment

Dhoni-backed Khatabook clocks Rs 102.7 Cr revenue, cuts losses by 7% in FY24

Khatabook, a digital bookkeeping and lending startup, crossed the Rs 100 crore revenue mark in FY24 while trimming losses by 7.32%.The company, which helps small businesses digitise bookkeeping, posted revenue…

Continue ReadingDhoni-backed Khatabook clocks Rs 102.7 Cr revenue, cuts losses by 7% in FY24

CarTrade’s consumer group expects 30% Q3 revenue growth with festive season bump

Automotive company CarTrade Tech on Tuesday said that it expects its consumer group to report a 30% year-on-year (YoY) rise in its revenue growth in the October-December 2024 quarter, helped…

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