Multiples acquires minority stake in logistics company INSTANT-XP for $35M

Multiples, an Alternate Asset Management company has acquired a minority stake in INSTANT-XP a tech-enabled B2B express logistics company.Founded by brothers Rajbir Singh and Jasveer Singh, INSTANT-XP, is a express…

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Zerodha, Paytm Money launch margin trading facilities with contrasting strategies

Brokerage platforms Zerodha and Paytm Money have launched their respective margin trading facilities (MTF), enabling customers to leverage borrowed funds for stock purchases.Zerodha has introduced MTF products with a note…

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Velocity earmarks Rs 200 Cr for working capital needs of restaurants

Indian fintech startup Velocity will set aside Rs 200 crore to support the growth of restaurants and cloud kitchens that operate on food delivery platforms like Zomato and Swiggy.The initiative,…

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Bugs in a major McDonald’s India delivery system exposed sensitive customer data

A major McDonald’s delivery system in India exposed the personal information of its customers and drivers due to several simple security flaws, TC has exclusively learned. The flaws, discovered by…

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Startup news and updates: Daily roundup (December 19, 2024)

FundingClimate-tech startup Fitsol raises $1M in seed funding from Transition VCFitsol, a decarbonisation platform designed for the manufacturing industry, has raised $1 million in seed funding round from Transition VC.Fitsol…

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Zepto elevates Chai Point exec to CXO, Zepto Café as 10-minute deliveries take off

Quick commerce unicorn Zepto has elevated Shashank Shekhar Sharma to the company's leadership as CXO for Zepto Café, as the quick bites offering sees buoyant demand.  In his new role,…

Continue ReadingZepto elevates Chai Point exec to CXO, Zepto Café as 10-minute deliveries take off