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Opportunity India Desk

Opportunity India Desk

Funding

Tiger Global Invests USD 22.6 Million in Jar; Fintech Start-up Reaches USD 300 Million

Opportunity India Desk Aug 19 2022 - 2 min read

Saving and investment platform, Jar, has announced to raise a funding amount of USD 22.6 Million in series B round. This Series B round was led by, American Investment firm, Tiger Global Management and helped the company to reach valuation of USD 300 million. The application has the access to look at users' transaction history ...

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Food Business

Restaurants Are Free To Levy Service Charge On Food Bills: Delhi HC

Opportunity India Desk Aug 19 2022 - 3 min read

The Delhi High Court said that stay on Central Consumer Protection Authority (CCPA) guidelines will continue and restaurants are free to levy service charges on the food bills till August 31. It also asked the CCPA to move its single-judge bench for vacating the stay on its guidelines restraining such charges at eateries. A Bench ...

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Finance

NPCI International Signs PayXpert As UK’s First Acquirer For UPI And RuPay

Opportunity India Desk Aug 19 2022 - 3 min read

NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI) has signed an MoU with the payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK. This collaboration will make the Indian payment solutions available in the UK on all PayXpert’s android point-of-sale (POS) devices ...

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Unicorn

Shiprocket Raised INR 259 Cr in Series E, Adds Itself To The List Of Unicorns

Opportunity India Desk Aug 18 2022 - 3 min read

The logistics startup Shiprocket has raised INR 259 crore in an extended Series E round, making it the newest unicorn in India. Existing investors such as Temasek, Bertelsmann, Moore, PayPal, and others led the round. With a round valuation of USD1.2 billion, Shiprocket becomes the 20th unicorn startup in India overall and the 106th overall ...

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Yes Bank

Yes Bank To Cater ‘Future Tech Businesses Of India’ With Its Investment In Venture Catalysts

Opportunity India Desk Aug 18 2022 - 2 min read

  The integrated incubator Venture Catalysts Group Funds (Venture Catalysts), which provides capital, mentoring, and a network to startup founders from the concept ideation stage to the growth stages of the startup journey, received an investment from Yes Bank on Wednesday. With this investment, the bank hopes to advance its purpose of supporting "Future Tech ...

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