NBFC firm I Finance plans Rs 1,450 crore IPO

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

Startup News and Updates: The Daily Roundup (December 17, 2024)

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

Magicpin jump on a 15-minute food delivery ride; Starts magicNOW

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 launched its second fund of Rs 300 crore

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

How to manage who can message you on Instagram?

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

Roblox: New Kind of Soul Codes (December 2024)

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

Peer-to-peer loan NPAs more than 2X in FY24 to Rs. 1,163 crores

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