Last week, Zilingo suspended its CEO Bose pending an investigation
Singh, a managing director at the influential venture capital firm, resigned as a director about a week ago
Capital India and Saudi venture capital firm STV led a $54 million funding round for Tabby, the Middle East's largest buy-now, pay-later provider, as demand fintech solutions booms.
The platform helps over one million professionals across 160,000 companies automate their sales processes
Plans to utilise funds for acquiring customers, product development and building leadership team
Other who participated in the round were SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital and others
The startup plans to venture into newer markets and as part of that foray, also explore metaverse for education
As many as 246 founders from 112 start-ups across more than 15 sectors to take part in event.
Sequoia Capital India has made its first investment in the Persian Gulf region
Lummo (previously known as BukuKas) on Wednesday said it has raised USD 80 million (about Rs 595.8 crore) in funding led by Tiger Global and Sequoia Capital India.
The company plans to use the funds to scale sales and marketing efforts, double the focus on building new products, and build teams in the US and Europe
Early backers Titan Capital and other notable angel investors also participated; proceeds to be used to scale existing business and launch new verticals in manufacturing domain
Valuations for India's fintech companies should jump 10 times to $500 billion by 2030
Existing investor Sequoia India also participated in the Series B round
Funding will help the firm scale presence in India and US; firm uses IoT, AI and ML to solve chronic metabolic diseases, including type-2 diabetes
The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million
Existing investors Elevation Capital and Beenext also participate along with host of angels
Set up in 2019, Bikayi helps SMBs scale up on digital platforms, enabling them to reach out to a wider audience base
Angels such as Amy Chang (EVP, Cisco & Disney board member), Ellen Levy (investor in Outreach), Jake Seid (investor in Brex & Carta), and Krish & Raman (Chargebee founders) also participated
The new brewery in Madhya Pradesh -- Bira's second in the central Indian state -- will initially add 400,000 hectoliters a year, Ankur Jain, the 41-year-old chief executive officer said