Insight

Infibeam Avenues Limited intends to enter the unified payments interface (UPI) market with its new payment app, RediffPay.

Capital A, a venture capital firm, has initiated its second fund with an objective of accumulating Rs 400 crore.

This is to share that PW has raised $210 million in its Series B round, at a post-money valuation of $2.8 billion, which is a 2.5X jump from its last valuation of $1.1 billion.

Troovy, a sauce-making startup, is in the process of securing Rs 11-13 crore (approximately $1.5 million) in funding from Sharrp Ventures, the investment agency of the Harsh Mariwala family of Marico, according to sources who spoke with Indian Startup News (ISN).

A lending tech startup, Aye Finance, has secured INR 250 Cr (approximately $30 Mn) in a Series G funding round led by ABC Impact.

z21 Ventures, an early-stage venture capital firm, has successfully closed its $40 million second fund by raising $20 million. WestBridge Capital serves as the anchor investor.

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Everest Fleet, a mobility startup, has secured Rs 251.7 crore (approximately $30 million) in its Series C round from Uber, a global ride-hailing behemoth. This is Uber's second investment in the company, which is responsible for the platform's taxi fleet.

Shivalik Investment Fund (SIF), a Category II Alternative Investment Fund (AIF) based in Gujarat, has successfully closed its inaugural fund with 50% of its targeted corpus of Rs 150 crore. The fund also intends to raise an additional Rs 150 crore through the green shoe option.

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