Bengaluru-based fintech startup, iTribe has raised $1 million in a funding round from investors such as Eximius Ventures, Kunal Shah (Cred), Incisive Ventures, and several angel investors. The Cred leadership team (Harish, Swami, Sreeni, Ketan), Pearl Agarwal (Eximius Ventures), and angel investors such as Aravind Sanka, Pavan Guntupalli, and Rishikesh SR (founders of Rapido), Reeju Datta (founder of Cashfree), Gaurav Dahake (founder of Cashfree) took part in the investment round (founder of BitBns). According to a prepared corporate statement, iTribe wants to use the funding to develop new technology solutions…

Phablecare, a chronic disease management firm, announced on Monday that it has secured 187 crore in a funding round headed by Kalaari Capital, with Aflac Ventures, Digital Horizon, and Stride Ventures joining current backers Omron Ventures, SOSV, Social Starts, and Fresco Capital as well. The funds will be used to establish a chronic care ecosystem, market expansion, and customer acquisition, according to the company. The additional monies will be used to develop other revenue streams as well. The company stated that it is considering purchasing other competitors in the market…

The board of ANI Technologies, the parent company of ride-hailing business Ola, has authorised the acquisition of Avail Finance. They stated that the deal’s formal documentation was in the works. According to sources, Avail Finance cofounder Ankush Aggarwal has informed some of the company’s investors about the deal’s development informally. According to a source familiar with the situation, Aggarwal is anticipated to manage the business of Ola Financial Services, the ride-hailing company’s fintech subsidiary. Bhavish Aggarwal, the cofounder and CEO of Ola, has a brother named Ankush Aggarwal. On March…

Twitter’s CEO announced last week that billionaire Elon Musk would join the company’s board of directors. In the week since then, Parag Agrawal has stated that Musk does not want to be a member of Twitter’s board of directors, but will continue to play an important role in the company’s development. In a recent tweet, Agrawal stated, “Elon is our largest shareholder, and we will stay open to his feedback.” “Elon Musk has decided not to join our board. Here’s what I can share about what happened. The Board and…

Despite an approaching downturn in the record-breaking pace of investment, which is expected to lead to cost-cutting and layoffs at several renowned businesses such as Unacademy, Trell, and Lido Learning, founders, recruiting experts, and consultants say startups will continue to be attractive to job seekers. According to industry insiders, astronomical raises to recruit talent will likely see a correction in the next quarters, but the sector will continue to attract professionals for its wealth generating potential, intellectual stimulation, and as a learning ground for prospective entrepreneurs. “In the coming months,…