Ola Electric Raises Rs 3,200 Crore ($385 Million) in Funding, Valuation Hits $5.4 Billion In a major financial development, Ola Electric, the electric vehicle (EV) subsidiary of the ride-hailing giant Ola, has successfully raised Rs 3,200 crore (approximately $385 million) in a combination of equity and debt funding from prominent investors. This substantial funding has …
Log9 Materials Launches INR 1.5 Cr ESOP Buyback Plan to Reward Employees Log9 Materials, a pioneering Indian tech company known for its innovative graphene-based products, has unveiled an Employee Stock Ownership Plan (ESOP) buyback plan worth INR 1.5 Crores. This initiative is aimed at rewarding and recognizing the dedicated efforts of its employees. A total …
Manastu Space Soars with $3 Million in Pre-Series Financing In an exciting development, spacetech startup Manastu Space has successfully secured $3 million in a pre-series financing round. This substantial injection of funds is set to propel the company to new heights in its quest to advance space-related technologies and business growth. Manastu Space, a rising …
Nasscom’s Generative AI Foundry Program Sparks Innovation with 26 Selected Startups Nasscom, a prominent organization in India’s tech industry, has embarked on an exciting journey with its Generative AI Foundry program. This initiative has garnered considerable attention by selecting 26 startups from a highly competitive pool of over 70 applicants, poised to usher in the …
CRED’s Remarkable Evolution From Elite Rewards Platform to Fintech Super App CRED, the brainchild of its visionary founders, made its debut in 2018 as a distinctive rewards platform tailored for credit card payments, with a specific focus on catering to elite customers. However, in the span of the past five years, the company has embarked …