Early-stage venture-capital firm Info Edge Ventures has invested $2.5 million in cross-border logistics company ShipGlobal. With the funding raised, the logistics company hopes to open warehouses in select destination nations, including the US, and boost businesses to Australia and West Asia.

A Live-Game-Streaming-Plattform called Loco has laid off about 40 employees. Even though it intends to expand operations overseas. The Loco's founders, Anirudh Pandita and Ashwin Suresh, informed staff members that the layoffs were a component of their restructuring plan.

As part of its second fund, early-stage venture capital firm Sprout Venture Partners has raised nearly $10 million. Sprout VP raised $5 million in its first fund, which was distributed among 13 companies.  

In a move signaling the growing influence of influencers in the business landscape, prominent YouTuber Mr. Gaurav Taneja, popularly known as Flying Beast, and his wife Mrs. Ritu Rathee Taneja have joined forces with thebabybo as partners and investors. This strategic collaboration marks a significant leap forward for Thebabybo, a burgeoning Indian consumer tech-enabled ecommerce marketplace specializing in children's products created by parents for the little ones.

The India Inflection Opportunity Fund (IIOF), a pre-IPO fund established by Pantomath Financial Services Group, has closed after raising $60 million. Specifically focusing on pre-IPO stages in Indian growth-stage enterprises, IIOF aims to leverage investment opportunities.

Innovist, the parent company of consumer brands like Bare Anatomy and Chemist at Play, Raises $7 Mn in Funding From Amazon Smbhav and others.

HempStreet Secures $1 Mn in Pre-Series A Funding Round led by Carl Waahlin of Waahlin Holdings. The startup intends to use the additional funding to broaden its line of products, step up clinical trials for proprietary formulations, and investigate international markets.

PhiCommerce, India’s leading omnichannel payment solutions provider, has raised USD 10 million (Rs 83 Cr) as part of its Series A1, led by BEENEXT, a Singapore-based Venture capital firm. Opus Ventures also participated in this round of funding.

UC Inclusive Credit (UCIC), which intends to grow its startup financing business, received $8 million in equity from Singapore-based Insitor Partners.

Olympian Neeraj Chopra has made an Undisclosed investment in regional language OTT platform Stage. Stage is an online entertainment platform that supports regional languages in Rajasthan and Haryana.