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We'll soon meet in your inbox. Please wait... So far, the startup has raised more than $120 million, including the latest round. Founded in 2015, Spinny pivoted from its customer-to-customer model to its current full-stack model, where it buys, refurbishes and sells used cars. The platform sells close to 1,500 cars every month and is growing at a steady rate of 15-16% month-on-month, founder and chief executive officer Niraj Singh told ET. By the end of the year, Singh said, Spinny wants to nearly treble its current volume. Spinny will deploy the fresh funding for improving customer experien...

Infosys wins long term IT BPM from ArcelorMittal SECTIONS Last Updated: Apr 08, 2021, 04:02 PM IST Share Synopsis Infosys will offer application management and business process management (BPM) services to ArcelorMittal. The deal value was not disclosed. ETTelecom Bengaluru: Infosys has won a long term contract from ArcelorMittal for digital transformation of the European operations of the world's largest steel maker. Infosys will offer application management and business process management (BPM) services to ArcelorMittal. The deal value was not disclosed. Infosys will also establish a Busine...

Govt IT spending in India to grow 11.4% to $7.3 billion in 2021: Gartner SECTIONS Last Updated: Apr 08, 2021, 06:06 PM IST Share Synopsis A national covid vaccination drive, the first-ever digital census and the shift to online learning are the factors increasing government IT spending this year. Agencies Bengaluru: IT research firm Gartner has forecast government IT spending in India to see 11.4% growth to $7.3 billion in 2021. Government spending in India will return to growth in 2021 after declining 11% in 2020. “The Covid-19 pandemic was a pivot point not only for organizations but also...

Pharmeasy parent enters unicorn club at $1.5 billion valuation SECTIONS Share Synopsis Pharmeasy’s $350 million funding round comes at a time when Reliance, Tata Group and Amazon are looking to tap the online pharmacy business by way of acquisitions. ETtech Pharmaeasy is the seventh startup unicorn this year, after Cred, Meesho, Digit Insurance, Innovaccer, Infra.Market and Five Star Finance. (Illustration: Rahul Awasthi/ETtech) Bengaluru: Prosus Ventures and US-based private equity firm TPG Capital are leading an investment of $350 million (about Rs 2,570 crore) in API Holdings, the parent...

We'll soon meet in your inbox. Please wait... Existing investors Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners also participated in the round. The deal values the company at close to $1 billion. ET first reported on the impending deal on March 1. Founded in 2017 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww is an investment platform with more than 15 million registered users. The Bengaluru-based startup, targeted at millennials investing in financial products, faces stiff competition from Zerodha, Upstox and Paytm Money...