Insight

Anil Mehta, a seasoned veteran of the financial services industry, has joined the board of digital lending startup Yubi (previously CredAvenue) as an independent director.

Infra.Market raised $50 million from the MARS Unicorn Fund, a joint venture between MUFG and Liquidity Group.

With the help of Merak Ventures, AI credit underwriting startup AbleCredit has raised $1.25 million (10 cr) in its seed round.

Cleantech firm EcoRatings raised $1 million (INR 8.3 crore) in grants and stock from a variety of investors, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google

Flam, which specialises in mixed reality (MR), has secured INR 38 Cr ($4.5 Mn) in pre-Series A funding from institutional investors, including Turbostart, Twin Ventures, Alphatron Capital, as well as unknown angel investors and family offices.

Leading insurtech business Plum is pleased to announce Priya's appointment to the position of Chief Human Resources Officer (CHRO).

Santosh Desai was appointed by Nykaa as an independent director to its board, effective July 1, and serving for three years.

Turno, a company that distributes and finances commercial electric vehicles (EVs), has secured Rs 46 crore ($5.5 million) from both new and existing investors.

Sangita Jindal, Chairperson of JSW Foundation, has led an equity and loan round of Rs 50 crore ($6 million) for High Street Essentials (HSE), the parent business of women's fashion brands Indya and FabAlley.