Insight

IIMA Ventures, previously known as IIMA-CIIE, has initiated an accelerator program specifically designed for individuals who are new to investing or lack experience in the field.

The seed funding round witnessed the involvement of Cedar-IBSi Capital, a venture capital firm specializing in financial technology, as well as around 25 angel investors from India.

PhysicsWallah, an educational technology company, has declared a scholarship fund of Rs 250 crore for the NSAT 2024, its third edition of the National Scholarship Common Admission Test.

GalaxEye Space, a startup in the space technology industry, has secured $6.5 million in funding through a Series A funding round.

Gemba Capital, a venture capital firm based in Bengaluru, has introduced its second fund with a target corpus of Rs 250 crore, which includes a green shoe option of Rs 50 crore.

Nazara Technologies, a gaming and esports firm based in Mumbai, has achieved the 8th rank on the worldwide list of gaming acquirers, as stated in the most recent study by Drake Star Partners' Global Gaming study for Q2 2024.

Thomas Cook (India), a travel services provider, announced on Tuesday its partnership with the National Payments Corporation of India (NPCI) to introduce its inaugural RuPay prepaid currency card.

Myntra, a fashion marketplace, has recently introduced the Beauty edit of its highly popular Myntra Rising Stars (MRS) Program.

Google has introduced the Google for Businesses Accelerator: Apps initiative, specifically aimed at providing assistance to Android app businesses in India.

The antitrust regulator in Britain is examining the collaboration between Google parent company, Alphabet, and the artificial intelligence startup Anthropic.