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[yourfirststartup]

Aurionpro Solutions Limited Acquires Arya.ai for $16.5 Million

Aurionpro Solutions Limited has acquired Arya.ai, a Mumbai-based banking and insurance startup, for approximately $16.5 million. As per the report, the acquisition will happen all in cash involving a second acquisition and capital infusion. The Mumbai-based Aurionpro Solutions comes as an advanced technology solution provider meeting the needs of mobility, payments, banking and government-owned entities. https://www.yourfirststartup.in/blog/Aurionpro-Solutions-Limited-Acquires-Arya.ai-for-$16.5-Million

[yourfirststartup]

MD & CEO Paytm Payments Bank Surinder Chawla Resigns

In shocking news, Paytm Payments Bank Managing Director and Chief Executive Officer, Surinder Chawla, resigned from the position, as per the disclosure made by One97 Communications on the National Stock Exchange. The disclosure filings revealed that Surinder Chawla resigned to pursue better career opportunities. He will, however, be there with Paytm Payments Bank (PPBL) till June 26, 2024.

In shocking news, Paytm Payments Bank Managing Director and Chief Executive Officer, Surinder Chawla, resigned from the position

[yourfirststartup]

Ola Electric Raises INR 410 Crore from EvolutionX

Ola Electric has scooped up INR 410 crore (nearly $50 million) from Evolution X through the issuance of non-convertible debentures (NCDs). As per the regulatory filing with the Registrar of Companies (RoC), the Ola Electric board has passed a resolution showing its intent to issue 41,000 NCDs for INR 1 lakh each to mop up 410 crore.

Ola Electric has scooped up INR 410 crore (nearly $50 million from Evolution X through the issuance of non-convertible debentures (NCDs).

[yourfirststartup]

French Influencer Marketing Firm YKONE Acquires a 70% Stake in Barcode

YKONE, a French influencer marketing company, has acquired a 70% stake in Barcode, a content and influencer digital marketing agency, for an undisclosed sum. The emergence of this Startup Industry News will help YKONE and Barcode combine their strengths, expertise and resources for new business opportunities and transform to meet the changing landscape of the international influencer market. The Barcode’s acquisition will help strengthen YKONE’s position in the market, with a turnover worth $100 million and a workforce of 300+ employees.  https://www.yourfirststartup.in/blog/french-influencer-marketing-firm-ykone-acquires-a-70-stake-in-barcode

[yourfirststartup]

Generative AI Startup Ema Mops Up $25 Million from Accel and Others

It's the era of artificial intelligence as it makes our lives simple and fast. In the latest revelation, Generative AI startup Ema has mopped up funding worth $25 million in the first round by Accel, Prosus Ventures and Section 32. Wipro Ventures, AME Cloud Ventures, Venture Highway, Firebolt Ventures,  Main Group, and Frontier Ventures also invested in the startup. Meta COO Sheryl Sandberg, Snowflakes Chef Executive Sridhar Ramaswamy and Yahoo Co-founder Jerry Yang also made their appearance.

It's the era of artificial intelligence as it makes our lives simple and fast. In the latest revelation, Generative AI startup Ema has moppe

[yourfirststartup]

CarTrade Runs into Losses in Q3 FY24 Owing to OLX Auto Biz Closure

At the end of December 2023, CarTrade, an automobile classifieds platform, showed over 15% growth but also recorded a decline at the same time. The company faced this loss due to the discontinued operations of its auto sales business (consumer-to-business operations) of OLX.  https://www.yourfirststartup.in/blog/cartrade-runs-into-losses-in-q3-fy24-owing-to-olx-auto-biz-closure

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Brainbees Solutions, the holding company of kids-focused omnichannel retailer, FirstCry, has filed a Draft Red Herring Prospectus (DRHP) wit

[yourfirststartup]

Fintech firms like Razorpay and Cashfree have received the final licence to work as payment aggregators from the Reserve Bank of India (RBI)

[yourfirststartup]

GetSetHome, a Mumbai-based digital platform that helps provide accommodation on rent, has raised a $1 Mn seed capital fund from Mumbai-based

[yourfirststartup]

M2P, a Chennai-based business-to-business (B2B) fintech startup, bought big data analytics and intelligence platform Goals101 in a cash-and-