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Edtech unicorn Vedantu has raised $11 million through convertible notes, led by ABC World Asia, to drive organic and inorganic expansion, technology, and AI advancements. The company is also negotiating a larger funding round and a secondary sale, targeting a public market listing by 2027.
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News and Media
Cloud kitchen startup Curefoods has successfully raised 160 crore ($18 million) in a pre-IPO placement from Flipkart cofounder Binny Bansal's 3State Ventures. This investment values the Bengaluru-based company at 4,000 crore ($450 million) as it prepares for an 800 crore initial public offering.
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News and Media
Bombay Stock Exchange rejected a company's share listing. The firm planned to invest heavily in cryptocurrencies. This action highlights India's regulatory void for digital asset treasury companies. Jetking Infotrain, an IT training firm, faced this rejection. The company considers appealing to the Securities Appellate Tribunal. This decision puts future crypto treasury plans on hold.
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News and Media
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