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Fintech startup Decentro has secured INR 30 crore in funding and is planning a reverse flipping strategy within the next 12 to 18 months. This move is aimed at enhancing its market position and operational capabilities in the competitive fintech landscape.
Warivo Motors has launched six new electric scooters, with prices starting at INR 44,999, aiming to cater to every Indian commuter. This initiative reflects the company's commitment to expanding its presence in the electric vehicle market and promoting sustainable transportation options across the country.
LoanTap, a digital lending platform, has secured ₹74 crore (US$8.6 million) in a pre-series C funding round to enhance its supply chain financing services for small retailers, particularly in the grocery and pharmacy sectors. The investment, led by July Ventures, includes participation from existing investors like 3one4 Capital and Kae Capital. With over 4.5 lakh invoices financed, LoanTap is strategically positioned to address the significant financing gap faced by India's MSMEs, leveraging alternative data for credit assessments to better serve this underserved market.
India's quick commerce grocery market is set to triple by 2027, reaching up to ₹1.7 lakh crore (US$19.8 billion), driven by demand for speed and convenience. The sector is expanding beyond major cities, with employment projected to rise from 6-7 lakh to 11-13 lakh. However, challenges such as market saturation and competition from e-commerce giants may impact long-term growth.
Bhavish Aggarwal has injected an additional INR 20 crore into collateral as Ola Electric's stock experiences a decline. This move comes amid ongoing fluctuations in the electric vehicle market, highlighting the challenges faced by the company.
Feminine hygiene startup Plush has successfully raised INR 40 crore, marking a significant milestone in its growth trajectory. This funding will likely enhance its product offerings and expand its market presence, reflecting the increasing demand for innovative hygiene solutions.
LoanTap has secured INR 74 crore to enhance its supply chain financing capabilities. This funding aims to strengthen the company's position in the market and support its growth initiatives. The investment reflects confidence in LoanTap's business model and future prospects.
Hyundai and Kia have divested their stakes in Ola Electric, selling shares amid the company's financial struggles, including a Q4 FY25 loss of ₹870 crore and a 62% revenue decline. This retreat signals growing skepticism about the maturity of India's EV market, contrasting with earlier optimistic projections. Ola's market share has plummeted, highlighting the challenges faced by EV startups against established manufacturers.
Capillary Technologies, an AI-based SaaS startup, has received board approval for an IPO aiming to raise INR 2,250 Cr, comprising INR 500 Cr from fresh share issuance and INR 1,750 Cr through an offer for sale. This move follows plans to file a draft red herring prospectus with SEBI by June 2025. In FY24, the company reported a consolidated net loss of INR 59 Cr against an operating revenue of INR 600 Cr.
Caret Capital has achieved the first close of its Caret Capital Fund II, raising INR 160 Cr with backing from investors including Bajaj Auto and Transport Corporation of India (TCI). The fund, targeting sustainable mobility and distribution and supply chain sectors in India, plans to invest between INR 12-15 Cr in 25 startups.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Decentro secures 30 crore funding aims for reverse flipping in 12 to 18 months
10:48 06.06.2025
Warivo Motors launches six electric scooters starting at INR 44999
07:53 06.06.2025
fintech firm loantap secures 8.6 million to enhance supply chain financing
06:50 06.06.2025
India's quick commerce market projected to triple by 2027 driving retail transformation
03:27 06.06.2025
Bhavish Aggarwal increases collateral by 20 crore as Ola Electric shares decline
16:03 05.06.2025
feminine hygiene startup plush nets 40 crore funding in 2025
12:52 05.06.2025
LoanTap secures 74 crore funding to enhance supply chain financing
11:31 05.06.2025
hyundai and kia divest from ola electric amid market challenges
11:00 04.06.2025
Capillary Technologies plans INR 2250 crore IPO amid financial losses
16:45 03.06.2025
caret capital secures first close of 400 crore fund for startups
16:16 03.06.2025
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