Business news India: Latest India business news headlines today 6 October 2021
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Here’s today business news, the latest business news India today 6 October 2021.
- Chalo, a public transport technology startup, has reportedly raised $ 40 million in a Series-C funding round led by Lightrock India and Filter Capital.
- ANI Technologies, the parent company of Ola Cabs, has reportedly acquired geo-analytical technology platform, GeoSpoc to enhance geospatial services and capabilities for its platforms.
- Byju’s has reportedly raised Rs 2200 crores in a fresh funding round led by Oxshott Capital Partners, Edelweiss, IIFL, Verition Multi-Strategy Master Fund and XN Exponent Holdings.
- Federal Bank has reportedly tied up with CredAvenue for its portfolio management of the securitization book and implemented CredPool, an institutional debt platform of CredAvenue.
- Axis Bank has become the first Indian private sector bank to arrange a Secured Overnight Financing Rate linked with trade financing deal, joining a select group of banks and financial institutions globally.
- Licious, an online meat startup, has raised $ 52 million in a Series G funding round from investors, thus becoming India’s first direct-to-consumer startup to attain unicorn status in India, world’s second-largest internet market.
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- Big tech platforms, including BookMyShow, Disney+ Hotstar, Facebook and Microsoft have formed an alliance called Merchants Payments Alliance of India for contributing towards policy conversation on behalf of merchants.
- 3one4, a venture capital firm, has appointed Siddharth Pai as the Environmental, Social and Governance Officer.
- Rail Vikas Nigam Limited has signed an MoU with Tata Steel Limited for implementation of infrastructure projects either on a nomination basis or through Special Purpose Vehicle route.
- Orion, a packed food company of South Korea, has launched its own direct-to-consumer portal in India to cater to rising demand for its products across the cities.
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- Byju’s has announced the launch of Byju’s Lab, an innovation hub to incubate new ideas, to provide cutting-edge technologies and for delivery of solutions across the ecosystem of learning products.
- Sebi has reportedly imposed a penalty of Rs 1.02 crore on Aditya Birla Money Ltd for violation of provisions of Portfolio Managers regulations, Prohibition of Fraudulent and Unfair Trade Practices and Code of Conduct.
- Sunstone Eduversity, a higher learning startup, has reportedly raised $ 28 million as a part of a Series-B funding round led by WestBridge Capital, Saama Capital, Work10m and Alteria Capital.
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