Insight

VRO Hospitality, a F&B fine dining chain, today announces the successful closure of a $10 million bridge round in funding in a mix of Equity & Debt. This round was led by Axis Bank & Nikhil Kamath backed Gruhas, UC Inclusive, showcasing the confidence and support of leading investors in VRO Hospitality's innovative vision and robust growth strategy.

After co-founding Flipkart, Binny Bansal has launched a new e-commerce venture called OppDoor. This is his second business venture.

After almost four years, Jamil Ahmad, the chief business officer and co-founder of the B2B marketplace Fashinza, has resigned and hinted at starting a fresh venture.

The early-stage venture capital arm of Peak XV Partners, Surge Ventures, led the Rs 43.71 crore (or $5.2 million) initial fundraising round for SalarySe, an app that provides financial assistance to salaried workers.

Proptech firm Settl has secured Rs 10 crore from investors, such as Gruhas and We Founder Circle.

We Founder Circle (WFC), an investment company managed announced that it has invested in 103 deals involving 82 businesses in 2023, thereby positioning itself as the biggest angel investor platform in the nation.

Google Cloud has given Lovely Professional University student Rounak Adhikary's initiative, "ProjectX.Cloud," a major boost by providing $200,000 (about Rs 1.70 crore) in technical support.

Cashvisory, a financial advisory firm, secured INR 1.2 crore for its pre-seed funding. EvolveX, We Founder Circle, and notable angel investors such as experienced tech entrepreneur Ashok Agrawal (MD, RPI eSolutions Pte Ltd), serial entrepreneur Upasana Koul (Co-Founder & Director at Eleveight), angel investors Deepika Asthana & Upasana Kaul (Co-founders – Eleveight), and others participated in the fund round headed by SucSEEDIndovation Fund.

Manufacturer of solar modules Waaree Energies announced that it had submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India, the market authority.

To help early growth stage businesses in the food innovation industry, Gruhas Gusto has announced the launch of a six-month accelerator programme. The program's objectives include providing them with support in vital areas such as developing a brand, access to markets, endorsements from prominent individuals, logistics partnerships, and access to experienced mentors.