Insight

Perfios, a fintech software-as-a-service (SaaS) firm, has appointed Rajesh Kini as its chief financial officer with the aim of accelerating the company's overall expansion.

Shark Tank India-featured spices brand Zoff got Rs 40 crore from JM Financial Private Equity's India Growth Fund III.

LLUMO AI, a firm specializing in artificial intelligence optimization, has successfully secured $1 million (about Rs 8 crore) in seed funding.

TransBnk, a fintech business based in Mumbai, has successfully secured $4 million in its Series A fundraising round. The funding was primarily spearheaded by 8i Ventures.

Ankur Capital's third fund, which seeks to achieve a target amount of INR 1,200 Cr (about $150 Mn), has obtained commitments from two current limited partners (LPs) - British International Investment and the John D. and Catherine T. MacArthur Foundation.

Metastable Materials, a startup specializing in the recycling of lithium-ion batteries, has announced the appointment of Mr. R U Srinivas as an HR Advisor and Executive Coach.

IKEA India has successfully reached a noteworthy achievement by completely shifting electric vehicle deliveries in Bangalore, Hyderabad, and Pune.

Fintech startup CredCred has formed a partnership with non-banking financial company (NBFC) L&T Finance to provide unsecured personal loans.

Accel, a venture capital firm, has made a $9 million investment in Uppercase, resulting in a significant increase in the valuation of theluggage.

A big stride has been made by the All India Council for Technical Education (AICTE) and the Indian Space Research Organisation (ISRO).