Euler Motors raises Rs 20 crore in fresh funding round
The company has also established a network of 100-plus charging infrastructure in Delhi-National Capital Region for charging over 200 electric vehicles at any point.
Stock market update: 29 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty was trading 35.25 points up at 9074.5.
Investors Clinic, Kocreate to invest Rs 10 crore in a coworking joint venture
Both the companies are bringing in capital of Rs 5 crore each f...
Biz in the time of Covid: Medlife CEO advises new ventures to conserve cash, says entrepreneurs must watch changing consumer behaviour
Ananth Narayanan offers some advice for navigating through the lockdown, staying sane and spotting opportunity.
Venture Capital fund managers look for lifecycle extension to tide over Covid-19
India’s VC-backed startups have been hit significantly as the country imposed a mandatory lockdown to contain the outbreak. Discretionary spending by consumers have plunged and the country’s gross domestic product for financial year 2020-21 has been forecast at 1.8%, according to Fitch Solutions.
FarEye raises $25 million in Series D funding
To help ensure businesses can reach their end customers as the world grapples with the COVID-19 pandemic, FarEye is offering its product ‘Serve’ at a zero-fee to enable the movement of groceries and essential goods.
Urban Company snaps up Australian on-demand beauty venture Glamazon
The deal will see Urban Company foray into the home-based beauty services segment in Australia
Fosun RZ Capital leads $17 million funding round in IRP Systems
Founded in 2015 by Moran and Paul Price, IRP Systems specialises in high-performance electric powertrain systems for a variety of e-mobility platforms, enabling powerful and affordable electric vehicles.
Top investors line up to evaluate $50 million round in WhiteHat Jr
According to sources aware of the developments, GIC, the sovereign wealth fund of Singapore, Renuka Ramnath-led home-grown private equity firm Multiples Alternate Asset Management and marquee venture capital firm Sequoia Capital, are among those considering an investment in WhiteHat Jr.
ONGC, NTPC sign pact to form JV for renewable energy
The two companies, both public sector 'maharatnas,' signed a memorandum of understanding on Thursday for the JV which aims to enable both companies to achieve their targets in the renewable energy business.
Lodha Ventures invests Rs 45 crore in service apartment startup
While business models differ across startups, a slew of real estate companies are offering solutions for student housing to residential living as buying trends are rapidly moving to asset-light “sharing economy” from ownership.
Yellow Messenger raises $20 million Series B from Lightspeed Venture Partners
Yellow Messenger will use the funds to expand globally and strengthen its multi-lingual voice bot platform.
JSW Energy says plans to buy GMR’s Odisha unit on hold due to Covid-19 disruption
JSW Energy had said that it will buy the 1,050 mw-Kamalanga power project located in Odisha for Rs 5,321 crore from the highly indebted GMR Group. The deal would have helped GMR pare debt, and added capacity to JSW’s portfolio.
To expedite work under PMAY, state allows MahaHousing to join ventures
As per the norms, the private parties holding land measuring more than 10 acre are eligible for going ahead with a joint venture with any of these civic or government bodies for construction of houses under the PMAY.
ShareChat lays off 101 employees as advertising market tanks
The laid-off employees will have the option of taking a ‘garden leave’ of 2 months or half the salary for four months. Garden leave is a practice when a terminated employee stays away from work during the notice period, while still remaining on the payroll.
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