DMI Group snags BNPL Fintech ZestMoney in a sizzling takeover


– Kolkata-based aerospace startup Jeh Aerospace has raised $2.75 million in seed round funding from General Catalyst.
– Edtech platform Growthschool aims to achieve a $1 million monthly run rate by FY 2024 and has achieved 400% YoY revenue growth.
– Inflection Point Ventures has launched Ideaschool, a six-week accelerator program for early-stage startups.
– has raised Rs 10.5 crore in a pre-series A round led by Indian Angel Network investors.
– Infosys is set to acquire semiconductor design services provider InSemi to accelerate its chip-to-cloud strategy.
– Quick service restaurant Wow! Momo Foods has raised Rs 350 crore in funding from Khazanah.
– Pixxel has opened its first spacecraft manufacturing facility in Bengaluru.
– DMI Group has acquired BNPL fintech ZestMoney in a distress sale deal.
– Byju’s is seeking arbitration to settle its dispute with the BCCI.
– RBI has introduced a self-regulatory organization for fintech to foster innovation and protect consumers.
– Derek Laney, Slack Technology Evangelist for APAC, believes productivity is about optimizing time spent at work, not working longer hours.
– Startups are focusing on real market needs instead of valuations on National Start-Up Day.
– CoinDCX has lost nearly 90% of its trading volume due to a 30% tax on cryptocurrency.
– Indian startups are optimistic about funding in 2024, despite challenges.
– Amazon faces labor rights issues in India.
– India needs to focus on large-scale product manufacturing to occupy 30% of the global manufacturing market.
– India’s deep tech ecosystem struggles to attract investors.