News

Hyperlocal delivery startup Dunzo raises $40 million in Series E funding round led by Google, Lightbox, and other investors.

EV startup Gegadyne Energy has raised $5 million in series A funding from electric appliance manufacturer V-Guard.

Kunal Shah-led fintech company CRED has raised $81 million in a Series C funding round led by DST Global at a post-valuation of about $806 million.

The Department of Promotions of Industry and Internal Trade (DPIIT) has asked the Reserve Bank of India (RBI) and Enforcement Directorate (ED) to take action against e-commerce giants Amazon and Flipkart over violating Foreign Direct Investment (FDI) policy and Foreign Exchange Management Act (FEMA) rules.

SEBI imposed a fine of Rs 40 crore collectively on RIL and its Chairman Mukesh Ambani. Apart from Reliance Industries, two other companies were also fined for allegedly manipulating shares in Reliance Petroleum Ltd. (RPL).

Edtech unicorn Unacademy acquires NeoStencil for an undisclosed amount to expand its presence in small cities.