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Funding in the Indian startups showed no signs of recovery in April, as the new financial year kicked off. Companies raised $590 million across 83 rounds, down 90% compared to $5.69 billion that they mopped up across 300 rounds, last year…

Tata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exporter pointed to macroeconomic concerns which may hurt the IT services firm. This and more in today’s…

Early-stage venture capital fund pi Ventures on Wednesday said it has received a commitment of Rs 100 crore (about $12.2 million) for its second fund from Small Industries Development Bank of India's (Sidbi) equity scheme Fund of Funds for…

Fintech firm PhonePe has raised another $100 million from existing backer General Atlantic and its affiliate funds at a $12-billion pre-money valuation. This is PhonePe’s fourth tranche of funding after it announced a separation of…

Hi, this is Pranav Mukul in New Delhi. Last Friday, the Indian Premier League (IPL) kicked off in Ahmedabad, and with it began the peak season for fantasy sports firms like Dream11, My11Circle, Mobile Premier League (MPL), and others. But…

Funding activity in the Indian startup ecosystem saw a jump this past week largely because of a few deals that were announced including the fundraise at DMI Finance.A total of $491 million of funding was raised across 18 rounds between…

Curefoods, a cloud kitchen startup, said it has closed a funding round of about Rs 300 crore led by Flipkart founder Binny Bansal’s Three State Ventures. It includes primary and secondary investments in the Bengaluru-based firm, which is…

The referee has finally notified the final rules for online gaming. On Thursday, the government unveiled a number of measures to regulate the industry and protect consumers. Among other things, those measures will involve multiple…

The Insurance Regulatory and Development Authority of India (IRDAI) has granted new-age insurer Acko a licence to operate a life insurance business. The insurance regulator also gave a nod to microfinance company Credit Access to commence a…

Early-stage venture capital fund, pi Ventures said it has raised Rs 22 crore ($2.7 million) from Colruyt Group India. Colruyt Group India is an engineering arm of Colruyt Group, a Belgium-based retail corporation. In India, it operates an…