Insight

Scimplify, a firm that manufactures specialty chemicals, just secured $9.5 million in a Series A fundraising round.

Oneiric11 Gaming, an esports and gaming platform supported by actor Rannvijay Singha, has successfully raised $1 million in a pre-Series A funding round. The round was co-led by NG Family Trust and TAC Holdings, with additional participation from other investors.

BiofuelCircle, a marketplace for biomass and biofuel, secured a capital of Rs 45 crore ($5.3 million). The funding round was led by Spectrum Impac.

FlexiBees, a talent marketplace, has successfully secured funding for its pre-Series A round. The funding was led by Inflection Point Ventures, however, the exact amount remains unknown.

The Bangalore Metro Rail Corporation Limited (BMRCL) and the National Livelihood Mission entered into a memorandum of cooperation to launch a new program with the objective of providing assistance to women entrepreneurs in both rural and urban areas.

The RBI's Monetary Policy Committee (MPC) voted 4-2 on Thursday to maintain the repo rate at 6.5 percent for the ninth consecutive policy review. RBI MPC maintained "withdrawal of accommodation."

Blitzscale Technology, the parent company of WMall and ShopDeck, has secured Rs 65.2 crore (roughly $7.85 million) in a recent funding round. The firm received new financing after a period of inactivity lasting five years.

Metadome.ai, a startup specializing in extended reality (XR), has successfully secured $6.5 million in Series A fundraising through a combination of equity and debt.

Next, Bharat Ventures entered into Memorandums of Understanding (MoUs) with venture capital firms 3one4 Capital and Antler India. These funds specialize in investing in early-stage startups, both within India and globally.

Shoppers Stop, India's premium fashion, beauty, and gifting omnichannel destination, always aims to bring a refreshed, enriching, and unparalleled shopping experience to its customers.