Startup space remained action-packed this week with a slew of firms raising funds while a few others starting potential acquisitions and merger talks. Meanwhile, BharatPe appoints Partha Pratim Sengupta as nominee director in Unity Bank, magicpin has recorded 50 per cent month-on-month growth on the government-supported ONDC network as it crossed 30,000 daily order mark on the platform, and Conglomerate Vedanta Group plans to leverage technologies developed by startups under a partnership with Meity-Nascomm Centre of Excellence.
ZeeBiz.com has curated a list of top deals this week featuring Ola, BharatPe, magicpin, MedPlus, Upstox among others.
Electric vehicle company Ola on Wednesday said it has commenced construction of its 100 GWh gigafactory at its manufacturing facility in Tamil Nadu. The company has installed the first pillar of its cell factory in Krishnagiri, Tamil Nadu today.
MedPlus Health Services Ltd, which runs a chain of pharmacies, on Wednesday said it will be selling 500 off-patent therapeutic and chronic medicines under its own brand with a massive discount of 50-80 per cent.
Investment platform Upstox (RKSV Securities India Pvt Ltd) has recorded Rs 1,000 crore operating revenue during the last financial year, a top official said here on Monday. The company which has been recording consistent growth over the last three years would also be launching fixed deposits and was also engaging with some banks and financial institutions in this connection, co-founder Shrini Viswanath said.
Fintech firm BharatPe on Tuesday announced the appointment of Partha Pratim Sengupta as its nominee on the board of Unity Small Finance Bank (Unity Bank) where BharatPe and Centrum Financial Services are shareholders.
Hyperlocal e-commerce firm magicpin has recorded 50 per cent month-on-month growth on the government-supported ONDC network as it crossed 30,000 daily order mark on the platform, the company said on Friday. magicpin joined Open Network for Digital Commerce about nine weeks ago in March end.
Conglomerate Vedanta Group plans to leverage technologies developed by startups under a partnership with Meity-Nascomm Centre of Excellence, a joint statement said on Monday.
Edtech major BYJU’s has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
