Business news India: Latest India business news headlines today 6 March 2021

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Here’s today business news, the latest business news India today 6 March 2021.

  • Webscale, an e-commerce cloud company, has raised $26 million in a Series C round of funding led by BGV, STCAP Ventures and Mohr Davidow Ventures. The round also saw participation from Grotech Ventures.
  • Singapore-based InsurTech platform has raised $9.4 million in a funding round led by CreditEase Fintech Investment Fund and Think Investments. A major part of the funding will be used for investment in its Indian affiliate, Symbo India Insurance. Its existing investors Integra Partners, Insignia Ventures, and AJ Capital also participated.

latest business news india today 6 march 2021

  • DealShare has raised Rs.25 crores in debt funding from Innoven Capital, taking the total amount raised to date to Rs.267 crores.
  • Questt, a school homework app, has raised Rs.9.6 crores in a seed round funding led by Chiratae Ventures, AET Fund, and some entrepreneurs including Rohit Bansal, Kunal Bahl, Ramakant Sharma, Pranay Gupta, and the founders of First Cheque, and Razorpay.
  • Cashify, a re-commerce platform, selling and buying used smartphones and other electronic gadgets, has raised $15 million from Olympus Capital Asia.
  • PhonePe has pledged to increase female representation in senior leadership roles, including directors and VP, to 25% by December 2021. Currently, there’s 16% female representation in these roles.

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Latest business news India today 6 March 2021 – business news headlines today

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  • Blackstone Group is said to be in talks with Sify Technologies to acquire a minority stake in the firm.
  • Tech Mahindra has partnered with ThoughtSpot, offering search and AI-driven analytics, to offer real-time analytics for enterprises around the globe.
  • Web Werks has entered into a strategic relationship with Iron Mountain, which will invest US$150mn primary equity in the firm over the next two years.
  • FarEye has acqui-hired PY Technologies, a logistics technology startup, to scale customer implementations.

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Latest business news India today 6 March 2021 – business news India today

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  • PNB Housing Finance and Yes Bank shave entered into a strategic co-lending agreement to offer customized retail loans at competitive interest rates.
  • Trifecta Capital has closed its second venture debt fund after having invested ₹900 crores in 38 companies. The firm raised Rs.1,025 crore against a target of Rs.1000 crores for the fund.
  • A majority of lenders to Bhushan Power and Steel have voted in favour of the offer of JSW Steel to complete the transaction by transferring Rs.19,350 crores to an escrow account.
  • Amazon India is launching a special storefront to highlight products made available by women-led small businesses.

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