Insight

India's on-demand music streaming platform Gaana has reportedly been acquired by Entertainment Network India Limited (ENIL), the parent firm of Radio Mirchi, for Rs 25 lakh, several months after failed merger discussions with Airtel's Wynk.

Yali Capital has led the Series A funding round for healthcare firm 4baseCare, resulting in a total of $6 million raised.

Travel technology Ziptrrip, a SaaS firm, has secured Rs 2 crore in a pre-seed fundraising round from angel investors such as Anil K Jha, Prantik Dasgupta, and others.

HealthCRED, a startup specializing in B2B healthcare finance, has successfully secured $1.2 million in its initial funding round. The funding was primarily driven by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India.

Kazam, a startup in the field of electric mobility, has successfully raised $8 million in its Series A3 fundraising round.

Zepto plans to secure an additional $310 million in funding, which will result in a valuation of $5 billion for the quick-commerce company.

India and Maldives have recently taken a significant step towards strengthening their economic partnership by signing an agreement to introduce the Unified Payments Interface (UPI) in the Maldives.

Neo, a wealth and asset management company, has successfully secured Rs 400 crore or $48 million in its Series B funding round.

Infinyte.Club, a platform designed to generate and handle wealth for employees in the technology and startup sectors, has secured $3.6 million in fundraising through a round-headed by Elevation Capital.