Rural fintech

Startup Jai Kisan raises Rs 30 Cr in Pre-Series A from Arkam Ventures, NABVENTURES, and others
Over the past six months, Jai Kisan has disbursed over Rs 50 crore in loans of top-tier credit quality to a diverse set of 5,500+ borrowers from various income groups across 10 states.

Yourstory
 

EdTech

Actor Suniel Shetty invests in edtech arm of Sai Estate Consultants
It will use the capital it has raised to improve its technological infrastructure, as well as to achieve its aim of on-boarding over one million active users following its launch.
 

Vccircle
 

TMT

Saudi Arabia’s PIF Close To Bagging 2.33% Of Reliance Jio For $1.5 Bn
The sovereign wealth fund finalised the specifics of the deal last month
With this, Reliance Jio would be giving away 25% stake in Reliance Jio to investors
Jio may also be looking to finalise a deal with either Microsoft or Google
 

Inc42
 

Retail

MyGlamm Bags INR 33 Cr From Existing Investors Via Rights Issue
Investors include Tano India, L’Occitane, Bessemer among others
MyGlamm has issued 6,592 Series B CCPS at a face value of INR 50K
The company had previously raised INR 100 Cr last year
 

Inc42