Insight

Arijit Sen has been appointed as the new Vice President of Sales at Pee Safe, a hygiene and wellness brand headquartered in Gurugram.

TechFini, a Mumbai-based Fintech startup, has received official sanction from the National Payments Corporation of India (NPCI) to serve as a UPI-based payment infrastructure provider for banks, other financial institutions, and fintech companies.

Corvi LED, a consumer lighting company, has secured $8 million in a growth capital round that was spearheaded by Enam Investments. The Mumbai-based organisation has received new funding following a seven-year hiatus.

Jade Inclusion Ltd., an investment vehicle of LeapFrog Investments, has provided $30 million to Auxilo Finserve, an NBFC that concentrates on education.

The Spanish Roca Group Ventures has led a Series A funding round of $5 million (approximately INR 41 crore) in a blend of debt and equity infusion for the Gurugram-based watertech startup Boon (formerly Swajal).

Anand Narayanan, the Chief Product Officer of Simplilearn, has submitted his resignation from the educational technology company.

Validus Fintech Services Pvt Ltd has successfully obtained seed funding from AUM Ventures, an Abu Dhabi Global Market (ADGM)-based VC Fund that is concentrated on India, as well as other strategic investors.

At a valuation of more than $4 billion, Dragoneer Investment Group has provided $200 million in growth equity funding to Tekion, a unicorn SaaS business that specialises in the automotive retail sector.

Ninecamp Ventures, a collection of premium food and beverage brands founded by former Zomato executive Chaitanya Mathur, has secured $2 million in seed funding from a group of angel and non-institutional investors.

One of the first commercial companies in the nation to receive permission from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to offer ground stations as a service (GSaaS) is spacetech firm Dhruva Space.