Insight

Klub, India's leading growth enablement platform, has achieved a significant milestone by disbursing ₹100 crores to support brands during the 2023 festive season. 

BlackSoil NBFC, the primary division of BlackSoil Group, has secured a debt of Rs 208 crore. The round saw involvement from High Net Worth Individuals (HNIs), Ultra High Net Worth Individuals (UHNIs), Family Offices, banks, and Non-Banking Financial Companies (NBFCs).

Nazara Technologies, a media and gaming company, has declared the purchase of an additional 48.42% ownership in its subsidiary, Paper Boat Apps, for a sum of Rs 300 crore.

Bitscale, a SaaS firm, has successfully secured its initial fundraising round, which was primarily led by India Quotient's First Cheque. Other notable participants in the funding round include Point One Capital, Kunal Shah (founder of CRED).

Aereo, previously known as Aarav Unmanned Systems, has successfully concluded its Series B investment round at a total of $15 million. The most recent round of funding was primarily provided by 360 ONE Asset.

Slice, a startup specialising in consumer financing and payments, has secured Rs 65 crore (about $8 million) in debt funding from Neo Markets. This is the second debt investment for the Bengaluru-based company in the current year.

The high-tech company TRUMPF and SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, signed a partnership to develop lasers with artificial intelligence (AI).

Google has chosen 20 Indian startups to participate in the inaugural round of its 'Google for Startups Accelerator: AI First' programme.

Raghav Bahl, the previous leader of investments at Alibaba Group's India business, and Soham Avlani, a former partner at 9Unicorns, have declared the establishment of PROMAFT Partners, a venture capital fund with a capital of Rs 1,000 crore.

Virender Sehwag, a renowned cricket player, has made an unknown financial investment in the fintech industry by backing a business called Getepay, which is located in Jaipur.