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Grofers, Zomato and the big online grocery battle Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We'll soon meet in your inbox. / Morning Dispatch Grofers is the latest beneficiary of the boom in online grocery deliveries. The company is set to become the latest Indian startup unicorn after raising $120 million from Zomato and Also in this letter: HC to hear Twitter India MD’s petition next week Sequoia picks 13 Indian startups to accelerate E-grocery sweepstake E-grocer Grofers has signed a deal with Zomato and Tiger Global to ra...

Artha Venture Fund will now look to invest in early-stage startups across B2B, B2C and D2C segments, according to a senior company executive.

Stride Ventures leads ₹10-crore debt round in Sequoia-backed Progcap February 09, 2021 Stride Ventures has led a debt round of ₹10 crore in Progcap, a growing fintech player providing access to fast and flexible collateral-free working capital to retailers. Founded in 2017 by Pallavi Shrivastava and Himanshu Chandra, Progcap provides access to fast and flexible collateral-free working capital to retailers in Tier-II, III, and IV areas, where retailers typically face challenges in accessing capital for their businesses. Through its Last Mile Retailer Finance (LMRF) facility, the fintech co...

Synopsis Getty Images Progcap provides access to collateral-free working capital to retailers in Tier-II, III, and IV areas, where retailers face challenges in accessing capital for their businesses. Stride Ventures has led a debt round of Rs 10 crore in Progcap – a fintech player providing access to collateral-free working capital to retailers. The fund is committed to being a strategic partner in Progcap’s growth journey. This is Stride Ventures’ fourteenth investment from its maiden fund and second investment in the fintech space. Progcap has over two lakh retailers on its platform....

Future Retail Ltd (FRL) on Monday said the Delhi High Court has ruled that statutory authorities cannot be restrained from acting in accordance with the law and stayed a previous order on the status quo of its Rs 24,713 crore deal with Reliance. Updating stock exchanges about the court ruling, FRL said a Division Bench comprising Chief Justice DN Patel and Justice Jyoti Singh has stayed the operation and effect of order passed by single Judge J R Midha on February 2.  (Funding) Mumbai-based new-age digital finance NBFC Eduvanz on Tuesday announced it has raised $10 million in debt funding ...