Groww Selects Bankers, ETO Motors and Uber Partner, and ePlane Company Secures DGCA Nod

Mithun Sacheti’s Axana Estates and Plutus are eyeing Nazara with an open offer, while Tiger Global-backed Groww selects bankers for its upcoming IPO. ETO Motors and Uber are teaming up to drive Hyderabad’s electric 3-wheeler revolution, and the ePlane Company takes a giant leap, securing DGCA approval for its eVTOL aircraft.

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“Sapne Dekho Bade Bade”: Mithun Sacheti’s Axana Estates, Plutus To Launch Open Offer For Nazara

Mithun Sacheti’s Axana Estates and Plutus are stepping into the spotlight with an open offer for Nazara Technologies, aiming to acquire up to 2.4 Cr equity shares at INR 990 each.

The offer, valued at INR 2,382.34 Cr, comes at a 7.19% discount to Nazara’s closing price of INR 1,066.80 on the BSE. While the valuation may raise eyebrows, it signals a calculated bet on Nazara’s long-term prospects.

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“Hum Saath Saath Hai”: ETO Motors and Uber partner to support Hyderabad’s electric 3-wheeler ecosystem

ETO Motors and Uber are electrifying Hyderabad’s roads with their 'Drive to Own' scheme, aiming to boost electric 3-wheeler adoption.

This driver-focused initiative lets participants own their EVs over 36 months without traditional EMIs, making sustainability more accessible. Added perks like free maintenance and unlimited charging sweeten the deal, paving the way for a greener commute.

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“Saathi Haath Badhana”: Tiger Global-Backed Groww Picks Bankers For Its IPO

Tiger Global-backed Groww is gearing up for the big league, reportedly picking JPMorgan Chase & Co. and Kotak Mahindra Bank to steer its much-anticipated IPO.

The investment tech platform’s parent, Billionsbrains Garage Pvt Ltd, seems to be setting the stage for a landmark market debut in India. With this move, all eyes are on how Groww plans to redefine its growth story.

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“Learnin’ To Fly”: ePlane Company secures DGCA nod for certification of eVTOL aircraft

The ePlane Company has soared into history as the first private Indian firm to receive DGCA’s nod for eVTOL aircraft certification.

Their e200X model is now set to lead the charge in scaling electric aviation while prioritizing safety. With this milestone, India’s skies might soon witness a quiet, green revolution in urban mobility.

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1. KisanKonnect has secured $4.5 Mn in a Series A round led by Mistry Ventures to boost AI-driven efficiency. The farm-to-fork startup plans to enhance tech, scale operations, and grow its urban footprint.

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2. Catalyx Space has raised $1.7 Mn in pre-seed funding led by HF0 Residency to develop a 100 kg satellite bus and re-entry tech. The spacetech startup also reported $500K in revenue for FY 2024, signaling strong growth potential.

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3. Burma Burma has raised INR 25.46 Cr to double its restaurant count to 24 in the next 15 months. With sights set on INR 300 Cr revenue in two years, it currently operates 12 outlets across major cities.
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4. ProcureYard has raised $1.72 Mn in seed funding led by Powerhouse Ventures to enhance AI-powered material procurement. Backed by investors like Tracxn's Abhishek Goyal and GSF's Rajesh Sawhney, the startup aims to revolutionize B2B procurement.
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5. D2C lingerie brand Krvvy has raised Rs 6.1 Cr in a pre-seed round co-led by Titan Capital and All In Capital. Angel investors, including Housepital’s Nikita Gupta and DefinEquity’s Emmanuel Suraj, also participated in the funding.
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6. Nazara Technologies has secured Rs 495 Cr from Axana Estates, led by Arpit Khandelwal and Mithun Sacheti, to fuel its global gaming ambitions. The strategic partnership aims to leverage their combined expertise to strengthen Nazara's position in the industry.
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