Kali Kumawat Non-banking financial company iFinance has filed draft documents with market regulator Sebi to raise Rs 1,450 crore through its initial public offer (IPO). The Gurugram-based NBFC’s proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an offer for sale (OFS) of Rs 565 crore by corporate and individual … Read more
Fund News Mili raises $2M seed round led by Chiratae and BoldCap Mili, an AI meeting assistant for wealth management firms, has raised $2M in seed funding led by Chiratae and BoldCap, with participation from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher, and Better Capital. The funding will accelerate product development, increase customization, expand integration, … Read more
India’s third-largest food delivery app Magicpin on Tuesday said it has launched its 15-minute food delivery service MagicNOW after successful pilots in Delhi and Bengaluru. While Zepto Cafe, Swiss and other contenders in the 10-15 minute food delivery space are operating their operations through their dark store network, Magicpin has partnered with brands like Chaayos, … Read more
Warmup Ventures on Tuesday said it has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. Backed by late-stage founders and second-generation entrepreneurs, WarmUp Ventures plans to invest Rs 5-7 crore in 25-30 early-stage startups across sectors, with a significant provision for follow-on rounds. The … Read more
Instagram allows you to keep in touch with friends, family and new people, but sometimes you want to control who can send you messages. Whether you’re looking to reduce unwanted chats, keep your inbox private or focus on messages from close contacts, Instagram offers tools to manage it. This guide will walk you through the … Read more
Taiwanese laptop maker MSI on Tuesday announced the launch of its manufacturing operations in India with its first facility in Chennai. In line with its “Make in India” objective, MSI will introduce locally manufactured versions of two laptop models – MSI Modern 14 and MSI Thin 15, the company said in a statement. “India has … Read more
Type Soul is one of the most iconic Roblox games inspired by the anime Bleach, where players can take on the role of one of three main characters: Soul Reaper, Hollow, or Quincy. While the game features an amazing deep skill system and iconic PvP battles, many also like to showcase their in-game items and … Read more
Non-performing assets (NPAs) of peer-to-peer lending institutions more than doubled to Rs 1,163 crore at the end of PY24, a report said on Monday. Peer-to-peer (P2P) lenders raise funds from investors to on-loan to individuals or organizations. Citing RBI data disclosed in response to an RTI (Right to Information) application, CapitalMind Financial Services had a … Read more
EV ride hailing aggregator BluSmart on Tuesday said its asset leasing initiative, Assur by BluSmart, has crossed Rs 100 crore in book value. Under the initiative, which was launched earlier this year, partners can purchase electric cars and lease these cars to BluSmart. These vehicles will run on BluSmart’s platform and provide trips to generate … Read more
The Ministry of Electronics and Information Technology (Meity) has invited proposals from organizations for developing technology tools to create a trusted AI ecosystem. According to information published on the Meity website, as part of the IndiaAI mission, the ‘Safe and Trusted AI’ pillar envisages the development of indigenous tools and frameworks and self-assessment checklists for … Read more