Friday, March 24, 2023
Outlook India
Outlook Business


The company is in preliminary discussions with sovereign wealth funds and energy transition funds

The investment is expected to help Lenskart expand its reach and market share, both in India and abroad

Xaigi operates using a cash+equity business model, charging a specific amount of cash and the remainder in equity to align incentives with clients' success, and is presently working with three start-ups to develop their businesses

The company plans to expand into new cities and surgical categories, including IVF, hair transplant, and bariatric

Existing investors are expected to partially exit through a secondary share sale, and the investment is taking place at a valuation of $4 billion. Lenskart aims to continue expanding with 400 new stores and expects to turn profitable in the financial year...

Flipkart is reportedly in discussions to acquire Bengaluru-based online pharmacy start-up Pharmallama to expand its e-pharmacy offering. The move comes as the country's e-pharmacy space faces regulatory scrutiny

The company is seeking funding for aggressive expansion and production, with National Infrastructure Investment Fund and a US-based fund among those likely to participate

Stable Money intends to use the fresh funds to scale its operations, spread financial awareness and other information technology-related services