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BlackBuck, Flipkart-Backed Logistics Startup, Plans IPO to Raise $300 Million

BlackBuck, a burgeoning logistics startup backed by e-commerce titan Flipkart, is poised to embark on a significant journey toward public listing in the upcoming fiscal year, aiming to secure a substantial $300 million, disclosed sources familiar with the matter. "They have ...

Flipkart Co-Founder Binny Bansal Plans To Launch New Start-Up In E-Commerce Space: Report

Binny Bansal, a co-founder of Flipkart, is preparing to create a new business in the cross-border e-commerce market after recently selling his remaining stake in Flipkart. Bansal is looking to establish a business that will help both Indian and international e-commerce ...

NestAway Technologies Sold to Aurum PropTech Limited for Rs 90 Crore

NestAway Technologies, the Ratan Tata-backed PropTech startup has been sold to Aurum PropTech Limited, a listed entity for Rs 90 crore. As per the information available from an exchange filing, Aurum has revealed that it acquired the start-up for about Rs ...

Dunzo Founder, Kub VC Invest in Soptle

Soptle is a Saas-led business-to-business marketplace for fast-moving consumer goods (FMCG) manufacturers and retailers. Soptle has successfully raised $1 million for pre-seed funding from Kube VC and We Founder Circle, apart from participation from Iceland Venture Studio, founders of Bijak, Dunzo, ...

Start-Up Firm Nuro Lays-Off 30% Work Force

The robot delivery startup firm - Nuro has announced its intention to lay off around 30 per cent of its workforce, which sums up to around 340 employees. The decision was arrived at after the company had shifted its focus towards ...

Finance Minister Smt. Nirmala Sitharaman, To Attend Start-up Inclusion Summit, To Support Inclusive Growth

Start-ups growth in India has been lopsided. Small city founders, women entrepreneurs, young people face several hurdles due to lack of a mature ecosystem. To drive an inclusive growth, Vananam has organised a 'Start-up Inclusion Summit.' BENGALURU, India, Nov. ...

Big Policy Push Plan On The Anvil: Here’s The Priority List Of Modi 2

To dissolve the 16th Lok Sabha, PM Modi has put his resignation, and with Modi 2 back in power here is a big policy push planned for the next 100 days that will be aimed at completing unfinished targets such as ...

SEBI Allows Side-Pocketing Of MFs, Easier Start-up Listing Norms

In a series of reforms, market regulator SEBI has allowed side-pocketing of mutual funds wherein there is allowed a segregation of mutual fund schemes into distressed, illiquid or hard to value categories from more liquid funds in a portfolio. Also ...

What is the Difference Between SME Loan and Start up loan?

Loans of any kind require you to repay the amount borrowed with an applicable interest rate in a certain amount of time. Although this basic criterion remains the same, the loans vary based on the reason for fund borrowing and associated ...

What is 'Series A' Funding for Business?

Let's imagine you have an amazing business idea of producing high-quality food products. You have found a source to procure ingredients to make it and have a few reliable people who will help you run the business. You are passionate about ...

What Is The Axis Bank's 'Thought Factory' For Start Ups

Private sector bank Axis Bank has completed the first cohort of its start-up Accelerator Program at its innovation lab 'Thought Factory' here. Claiming to be the first Indian bank to launch such an innovation platform, it said it has successfully mentored ...

Different Tax Incentives and Sops Available To Small Businesses Under Budget 2017

Small and Medium Enterprises or SMEs of India contribute an 8% share in the overall GDP of the country. Much of it i.e. nearly 45% contribution is made towards the manufacturing sector and 40% to the exports. So, in all ...

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