Today Startup News 24 December 2024 From The Indian Startup Ecosystem

The latest updates from the Indian startup ecosystem, featuring new funding rounds, acquisitions, government policies, investment funds, and more.

Startup Funding:

Fintech Startup Zaggle Raises Rs 595 Cr At 5% Discount
Enterprise fintech company Zaggle Prepaid Ocean Services has raised ₹595 crore through a qualified institutional placement, with Bank of India becoming the largest buyer.

EPACK Prefab Raises $20Mn In Its First Funding Round
EPACK Prefab, a company specializing in pre-engineered buildings (PEBs) and prefabricated structures, has raised $20 million in its first funding round from GEF Capital Partners, a global private equity firm.

Startup News:

Delhivery Appoints New Heads for Supply Chain and SaaS Platform
Delhivery, India's largest logistics company, has appointed Navneet Kumar to lead Supply Chain Services and Surajit Das to head its logistics SaaS platform, OS1.

Razorpay Celebrates 10th Anniversary with INR 1 Lakh ESOP Allocation to Employees
To celebrate its 10th anniversary, Razorpay has announced the allocation of INR 1 Lakh worth of Employee Stock Options (ESOPs) to each of its 3,000 employees across all levels.

NetApp Appoints Hitesh Joshi as Director for India and SAARC Channels
NetApp has appointed Hitesh Joshi as Director for Channels and Alliances in India and SAARC. Hitesh aims to strengthen NetApp’s channel ecosystem and drive partner growth.

Startup Story:

Fulva Story: Four Childhood Friends Turned A Gap Into ₹84 Lakhs Revenue
Kerala resident four childhood friends behind their startup, Fulva, a food-tech business. This friendship to co-founders’ journey began with a disappointing experience, where they found a significant gap.

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