Viestories

The Voluntary Carbon Markets Integrity Initiative (VCMI) and The Carbon Markets Association of India (CMAI) are pleased to announce a new partnership aimed at boosting India’s participation in high-integrity international carbon markets.

The Dubai-based b2b firm Morphosis Venture Capital led a bridge round of fundraising for the insurtech firm Riskcovry, which raised about $4.5 million. IIFL, an Indian giant in financial services, took part in this round as well.

In a recent investment round, the healthtech company Curebay secured Rs 61.8 crore (USD 7.5 million), with Elevar Equity serving as the lead investor.

In its initial fundraising round, Medway Hospitals, situated in Chennai, secured $5 million from Kyra Ventures, and family offices joined the round.

Fresh food firm Country Delight, which sells its products directly to consumers (D2C), secured about $20 million (about Rs 164 crore) in a capital round headed by Temasek, the sovereign fund of Singapore.

Together with the Bengaluru City Police, Parihar, and the Dr. B R Ambedkar Health and Education Foundation, Namma Yatri, the community-focused ride-booking app in Bengaluru, has introduced the Mahila Shakti programme, which is aimed at empowering women drivers.

The Consumer Health Division of Mankind Pharma, a well-known participant in India's health and wellness market, has joined the Open Network for Digital Commerce (ONDC). Mankind Pharma has widened its network to enable buyers and customers to access its extensive product line

MobiKwik, a fintech company, has submitted its draft red herring prospectus (DRHP) for an initial public offering (IPO) of Rs 700 crore to the Securities and Exchange Board of India (Sebi).

With continued backing from its Seed and Series A investors, NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors, NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others, search platform Perplexity AI secured $73.6 million led by IVP.

Addble Solutions Private Limited, a leading cloud-based omni-channel commerce platform, today announced it has gone live on the Open Network for Digital Commerce (ONDC) as a Seller Network Participant.