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Cold Chain Startup Celcius Raises $4.5 Million To Help Small-Scale Regional Transporters Across India
The fresh capital will be used to expand footprint to more than 500 cities and strengthen teams across tech, sales and operations.
- Categories
- Investing, Technology
- Region
- Global
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India’s Axis Bank Accelerates Retail Push With $1.6 Billion Citi Deal
Indian private lender Axis Bank has decided to bulk up its credit card and retail businesses with a $1.6-billion purchase of Citigroup Inc's local consumer banking arm.
- Categories
- Finance
- Region
- Asia Pacific
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Chennai-Based Fintech Vivriti Capital Raises $55 Million to Build Global Asset Management Platform
Chennai-based fintech startup Vivriti Capital has raised $55 Mn (nearly INR 400 Cr) in its Series C funding from Lightrock India and Creation Investments.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, scale, startups
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World’s First Mobility FinTech Moove Raises $105 Million in Series A2 Round to Scale Its Revenue-Based Financing Model Globally
Moove is democratizing vehicle ownership across Africa by providing mobility entrepreneurs access to revenue-based financing in markets with low access to credit.
- Categories
- Finance, Technology, Transportation
- Region
- Global
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Indonesia’s Wagely Nets Additional $8.3 Million in Oversubscribed Pre-Series A Funding
Wagely, an Indonesia-based earned wage access (EWA) platform, said Tuesday it has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, scale
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Edtech Startup Filo Raises $23 Million in Funding Led by Anthos Capital in India
The edtech startup plans to use the fresh capital for product development, expanding the team, tapping new categories, and scaling its tutor base across the country.
- Categories
- Education, Technology
- Region
- Asia Pacific
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Insuring the Next 400 Million in India: Why the Mutual Insurance Model Presents a Clear Path to Scale
COVID-19 has had a devastating impact on India’s healthcare system, causing challenges ranging from a lack of medical oxygen to limited hospital capacity. But as Payal Agarwal at Uplift Mutuals explains, the pandemic has also brought to light the inadequate insurance infrastructure in the country, which accounts for almost 18% of the world's population but only 1.72% of the global insurance market. She shares the results of a new report exploring the potential of mutual and cooperative insurance to close that gap in India, and discusses how this model can be scaled.
- Categories
- Finance, Health Care
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Rethinking the Role of Business in Conservation: Why Small Local Enterprises are Key to Biodiversity and Climate Action
Climate change mitigation and adaptation are a key focus of attention in the global development sector. But according to Julia Rohe-Frydrych and Luis Ebert at adelphi, these discussions tend to overlook the conservation of the planet’s biodiversity, and they often fail to envision a role for the private sector that goes beyond providing climate finance. They argue that climate change and biodiversity loss are two sides of the same coin, and explore the importance of empowering local businesses that profit from the protection or restoration of nature.
- Categories
- Environment, Impact Assessment
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