Today Startup News 28 March 2025 From The Indian Startup Ecosystem

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

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Startup Funding:

Jindal Stainless Acquires 9.62% Stake In M1xchange With $18 Mn Investment
With this investment, M1xchange will offer working capital access to MSMEs and corporates, helping grow India's digital supply chain financing ecosystem.

Lendingkart Closes Series E Funding With Fullerton Rs 252 Cr Investment
Lendingkart stated that this acquisition will strengthen its long-term growth prospects and provide more financial flexibility to support sustainable growth.

Smallcase Secures $50 Mn Series D Funding Led By Elev8
The fresh funding will help smallcase expand its products in mutual funds, fixed income and other asset classes, while also growing its market presence and strengthening its connections with retail investors and partners.

Startup News:

SaaS Firm Chargebee Acquires Customer Tracking Platform Trainn
Chargebee said the deal will help both companies advance their shared goal of using AI to support customers in a fast-changing market.

JungleWorks Acquires Majority Stake In Outplay, To Invest $14 Mn
After the acquisition, JungleWorks plans to invest $14 million in Outplay to help boost its growth and develop AI-powered sales automation tools.

KRAFTON Invests Rs 118 Cr To Increase Stake In Nautilus Mobile To 75%
This move increases KRAFTON India's ownership in the creators of "Real Cricket" to 75%. This is KRAFTON's first deal in India where it gains control, highlighting its focus on local game development.

Startup Story:

Digitap a tech company with expertise in building and deploying AI driven solutions to make life easier for their customers
Nageen Kommu was born and brought up in Vijayawada, Andhra Pradesh, where he studied till 12th before moving to study B.E, Computer Science and Engineering in NITK, Surathkal. After that Nageen worked with Alcatel-Lucent (now Nokia) for 5 years in Bangalore as a software developer. He went to pursue his MBA in IIM-A from 2009-2011.

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