BharatPe acquires Payback for $27 million
Fintech platform BharatPe has acquired multi brand loyalty management company Payback from American Investments and ICICI Investments Strategic Fund. The total amount for the deal is 27 million dollars. In its maiden overseas bond sale, IT services provider Wipro Ltd is going to issue notes upto $750 million through Wipro IT Services LLC. The net proceeds will be utilized to refinance existing debt and general corporate purposes. Bengaluru headquartered fitness platform CultFit has acquired Bengaluru based connected fitness startup Tread. The step has been taken to boost CultFit’s portfolio of hardware products. The financial details of the deal were undisclosed.Bengaluru based mobility and EV technology startup Cell Propulsion has raised 2 million dollars in debt in equity. The participants included existing investors Endiya Partners, growX Ventures, Huddle Accelerator and Micelio Mobility among others.Automobile portal Cardekho is planning to raise 150 million dollars in its largest funding round. The funding round can take the company to the unicorn club.Gurugram based hygiene and wellness brand PeeSafe has raised 3.75 million dollars in a pre Series B funding round led by entrepreneur Shaival Desai and existing investor Alkemi Growth Capital. The brand is also planning to raise 10 million dollars in a series B funding round later this year.Digital banking fintech startup Niyo has acquired Bengaluru based personal finance startup Index. The financial details of the deal were undisclosed. The Index team and founders Krishna and Kumar Siddhartha will join Niyo.Vedanta Ltd is planning to invest upto Rs 100 crore for Vedanta Spark. Vedanta Spark is an initiative to build technological capabilities by partnering with startups.New Delhi based foreign university admissions platform, Leverage Edu has raised 2 million dollars in a debt financing round from Trifecta Capital. The funds will be used to fuel the company’s growth and expansion.Apple Podcasts has announced the launch of in-app subscriptions next week. The global launch of subscriptions and channels, which are a group of shows will happen next week#BharatPe #Fintech #BharatpePaybackIndia #ICICIInvestments #Wipro #WiproItServices #WiproDebt #CultFit #Cult.Fit #CultfitTreadAcquisition #CellPropulsion #ElectricVehicle #ev #startup #EVStartups #MobilityStartups #Automobile #Cardekho #cardekhofunding #wellness #hygiene #PeeSafe #Niyo #fintechstartup #Digitalbanking #Vedanta #startups #VedantaSpark #StartupAccele #LeverageEdu #TrifectaCapital #ApplePodcasts #podcast #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia