Today Startup News 26 December 2024 From The Indian Startup Ecosystem

26 December 2024 - Latest startup funding highlights include major rounds in artificial intelligence, healthcare, and e-commerce sectors.

By Vijay Yadav26 Dec 2024

New Update

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

Startup Funding:

Sumitomo Mitsui Invest Rs 3000 Crore Into SMFG India Credit
Sumitomo Mitsui Financial Group (SMFG) will invest Rs 3,000 crore in its Indian subsidiary, SMFG India Credit Co. Ltd. (formerly Fullerton India Credit Co. Ltd.), through a rights issue.

MSE To Raise 200 Cr Led By groww, zerodha parents, others
Metropolitan Stock Exchange (MSE) plans to raise ₹238 crore from investors including Billionbrains Garage Ventures, Groww's parent company, Zerodha's Rainmatter Investments, Securocorp Securities India, and Share India Securities.

Cricketer Ajinkya Rahane Invests In Deeptech Startup Proxgy
Proxgy, an IoT company focused on safety, connectivity, and productivity, has raised funding from Indian cricketer Ajinkya Rahane in its $3 million Series A round.

Startup News:

SiMa.ai names Satish Mohanram as Senior Director and India Site GM
SiMa.ai, a leading edge AI company, has appointed Satish Mohanram as Senior Director, India Sales, and Site GM. Leveraging SiMa.ai’s innovative ONE Platform, he aims to address India’s demand for energy-efficient and real-time AI solutions.

Tata Sons to Inject Capital into Digital Arm by Mid-2025
Tata Sons plans to inject capital into its digital arm, Tata Digital, by mid-2025. Until then, the company will rely on internal funding and debt to support its growth initiatives.

J&K Bank Shares Rise 7% Following Appointment of Amitava Chatterjee as MD & CEO
Jammu & Kashmir Bank's shares surged 7% after the appointment of Amitava Chatterjee as the new Managing Director and CEO, effective from December 30, 2024.