1. Ratan Tata to invest in Tork Motors Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months. I place good value on the sound logic and the approach that the team at Tork Motors has taken,” Tata Sons Chairman Emeritus Ratan Tata…
1. Paytm to cut losses by 33% to $400 million: Vijay Shekhar Sharma Paytm has completely cut incentives on P2P UPI transactions after seeing a group of customers conduct millions of transactions of Rs 21 between its network and other rival players. The firm expects GMV, which does not…
1. Ad-tech startup OneOneDay raises $1.3 million in pre-series A round The company lets users watch ads that they like and pays them for it, with a portion of the earnings also going to a social cause of the user’s choice. OneOneDay said it would use the funding to…
1. InnovationQore launches in India with Rs 50 crore funding start InnovationQore is in talks to raise more from private equity and venture capital firms, Ganesh Raju, the CEO, said. Turbostart plans to invest and accelerate at least 100 startups in the next two years. Source: ET 2. Social e-commerce…
1. Eye on India, Inventus Cap closes third fund at Rs 369 crore The latest investment vehicle has been backed by a mix of institutional investors, such as Small Industries Development Bank of India, family offices and technology entrepreneurs. Prior to setting up Inventus-III, Inventus Capital Partners had primarily…
1. Government to fund 100 startups to use its translation platform MeitY has started work on a natural language translation mission with government records as the initial database. The platform will be opened up for private use to allow big companies or startups to plug into it to offer…
1. Oyo founder Ritesh Agarwal investing $700 m in $1.5-B fresh round Investment to be routed via RA Hospitality and financed by the $2-2.2b debt Oyo CEO had raised. “With the CCI approval now in place, the company will get a capital infusion of $1.5 billion for this mission,…
1. Bansal, Poonawallas to invest Rs 100 crore in lending company U Gro U Gro will use the funds to expand its businesses at a time when capital is scarce for the sector. U Gro started its disbursals in January this year and has disbursed more than Rs 600…
1. Paytm First Games raises $20 million for expansion This fund-raise will support the company’s ambition to scale its operations, invest in technology and further expand its user-base through various marketing activities. Paytm First Games has achieved more than 10 million monthly transactions with an annual revenue run rate…
1. Startups turn to AI improve teaching quality at government-run schools The quality of teaching, especially English-language education in government schools across the country, has always been a pain point. The key is in sustaining these initiatives over a period of time, which is where long-term partnerships will play…