PB Fintech, the parent company of insurTech, Policybazaar, has consolidated net profit of Rs 50.98 Crore for the second quarter (Q2) of fiscal year 2024-25 (FY25), reversing a loss of …
Investment News
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FoodTech
Swiggy sets price for mega IPO at Rs 390, eyes $1.35 billion fundraising
by The Founderby The FounderSwiggy has set the price for its highly anticipated Initial Public Offering (IPO) at Rs 390 per share, marking the upper limit of its pricing band, according to sources. Backed …
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EdTech
Moombix raises $2.46 million in seed funding to Revolutionise music education
by The Founderby The FounderMusic education platform, Moombix, has successfully closed a seed funding round of over $2.46 million. The round was led by Iceland-based Frumtak Ventures, with additional support from angel investors. The …
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FinTech
M2P Fintech raises Rs 850 crore in series D funding led by Helios Investment Partners
by The Founderby The FounderM2P FinTech recently announced the closure of the initial phase of its Series D funding round, securing Rs 850 crore. The funding, a combination of primary and secondary share capital, …
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TravelTech
EaseMyTrip invests Rs 60 crore in The Wellness Co, acquiring 30 per cent stake
by The Founderby The FounderEaseMyTrip has invested Rs 60 crore to acquire a 30 per cent equity stake in Rollins International, the parent company of The Wellness Co. The investment is aimed at boosting …
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Yubi, previously known as CredAvenue, has announced a fresh capital infusion of Rs 250 crore from its Founder and CEO, Gaurav Kumar. Under Kumar’s leadership, the Yubi Group has expanded …
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Technology
Fibr raises fund for $1.8 million to enhance AI personalisation platform; Accel being the highest bidder
by The Founderby The FounderFibr successfully raised $1.8 million in funding. This round was led by Accel, with significant contributions from Kunal Shah, Founder, CRED and 2am VC. Prayank Swaroop, Partner, Accel, while commenting …