SoftBank mulls launch of private credit fund for late-stage tech startups
The fund would target companies that are too mature for venture capital but not yet ready for an IPO.
Source: yourstory.com
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FAME II subsidy on electric two-wheelers reduced to Rs 10,000 from Rs 15,000
The Ministry of Heavy Industries has sent a recommendation to an inter-ministerial panel proposing to cut down the existing EV subsidy on electric two-wheelers.
Source: yourstory.com
PB Fintech stock rallies but gives up gains post Q4 results
PB Fintech stock price gave up the initial gains and went off the opening highs, a day after the March quarter results announcement. The stock was trading 0.46% lower at Rs 616.23 on NSE at 11:23 am on Tuesday, compared to the previous day close.
Source: yourstory.com
Startup news and updates: daily roundup (May 23, 2023)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, May 23, 2023.
Source: yourstory.com
Software firm Builder.ai raises $250M in Series D round led by Qatar Investment Authority
London-based Builder.ai offers artificial intelligence-powered software development tools to businesses and individuals in India, the US, the UK, UAE, Singapore, and France.
Source: yourstory.com