Palak Sharma

Twenty five startups raised $242.6 Mn between June 8 and June 12, marking a near 30% uptick from $187.4 Mn raised across 21 deals last week.

India, June 13 -- Investments in the Indian startup ecosystem continued to pick up momentum in the second week of June.

While PhonePe continued to lead with 1,073.5 Cr transactions worth ₹14.67 Lakh Cr during the month under review, its market share declined to 46.5% in May from 47.1% in April

Turtlemint is on track to make its public markets debut amid growing losses. The insurtech company, whose IPO will open for public subscription on

India, June 16 -- Turtlemint is on track to make its public markets debut amid growing losses.

Months after receiving National Company Law Tribunal (NCLT)'s approval to redomicile to India from Singapore, ecommerce unicorn BRND.ME (erstwhile Mensa Brands) has now transitioned into a public entity ahead of its IPO plans.

The company did not disclose the financial details of the deal L'Oreal will help it expand into India's fast growing BPC market and build a portfolio with local brands catering to the Indian audience

According to an internal note, the startup's decision to pull out from these markets impacted 20% of its employees.

India's kiranas are becoming the common ground for ecommerce, B2B and retail platforms seeking deeper distribution, stronger merchant relationships and valuable demand data

The fresh funding round was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co