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initial public offering (IPO) of Zinka Logistics, the parent company of Flipkart-backed trucking aggregator BlackBuck, sailed through on the last day of its public issue, with bids exceeding more than 1.86 times the shares the company has put up for sale. According to data from the BSE, the public issue received bids for 4.19 crore shares against the 2.25 crore shares on offer. Qualified institutional buyers (QIBs) bid 2.76 times the shares reserved for them, while retail investors subscribed to their portion 1.66x. Employee bids reached 9.88 times, whereas non-institutional investors (NIIs) subscribed 0.24 times.

Electric vehicle fleet management firm Zypp Electric is in advanced discussions to raise an additional $25-30 million from investors with led by asset management firm Nuvama Wealth, as a part of an ongoing funding round, people in the know said.

Subscribe to enjoy similar stories. Tiger Global-backed wealth platform Jar has ventured into e-commerce, hoping to add another string to its bow as it pursues sustainable growth and attempts to trim losses. The gold-focused micro-savings company quietly entered the e-commerce race in February with Nek, its direct-to-consumer jewellery brand, co-founder and CEO Nishchay AG told Mint.

ecommerce enablement platform Shiprocket has set its sights on facilitating ecommerce transactions for the offline general trade segment, cofounder and chief executive Saahil Goel told ET.

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BENGALURU : Two years after the Zomato- and Temasek-backed Shiprocket gained its unicorn status, the logistics startup has embarked on a tried-and-tested route to accelerate growth—through acquisitions. Shiprocket is scouring for companies specialising in marketing and advertising tools, conversion and data platforms, customer experience enhancements, capital and lending services, and cross-border enablement, said co-founder and chief executive Saahil Goel in an interview with Mint. Goel declined to disclose the company's current cash reserves.

HashKey, Kraken Ventures, Tribe Capital-backed Nibiru Chain is launching a $15 million grant program to support developers with a focus on the Asian market.

Lava Network has successfully secured $15 million in a seed funding round, introducing the next phase of the mainnet.

Bitcoin Ordinals-based development platform Tap Protocol has raised over $4 million in an oversubscribed round, promising more “big” news to come.

elite jury led by Kotak Mahindra Bank founder and director Uday Kotak will meet virtually on Tuesday to pick the winners of the ninth edition of India’s most coveted prize for entrepreneurial excellence – The Economic Times Startup Awards (ETSA). Joining Kotak on the jury will be Ranjan Pai, chairman of Manipal Hospital; Shekhar Kirani, partner at Accel; Supam Maheshwari, cofounder & CEO of FirstCry; Deepinder Goyal, cofounder & CEO of Zomato; Kalyan Krishnamurthy, CEO of Flipkart group; Renuka Ramnath, founder of Multiples PE; Harshil Mathur, cofounder & CEO of Razorpay; Roshni Nadar Malhotra, chairperson of HCLTech; Satyan Gajwani, vice chairman at Times Internet; and Arjun Sethi, cofounder of Silicon Valley-based Tribe Capital, who will also be a part of the high-powered panel.

NEW DELHI : A group of 30 Indian and foreign investors, including marquee names such as Indian venture capital firms Kalaari Capital, Peak XV Partners (formerly Sequoia India and South-East Asia) and Lumikai, and US firms Tiger Global Management and Tribe Capital, on Friday wrote to Prime Minister Narendra Modi, seeking a meeting to elucidate the impact of the Goods and Services Tax (GST) Council’s recommendation to tax the online gaming sector at 28% of the gross revenue earned by companies in this sector. The letter claimed that the new recommended tax for the sector could lead to an increase of up to 1,100%, based on the present interpretation of the GST Council’s recommendation to tax real-money online gaming companies at 28% of the “full face value" of their earnings.

Venture capital firm, Tribe Capital, has launched a new crypto fund to raise $100 million.

Decentralized finance (DeFi)-focused layer 1 blockchain Berachain has succeeded in raising a total of $42 million in its recently completed Series A funding round at a valuation of $420.69 million.

BlockFi, a lender of digital assets, was given additional time to submit a bankruptcy exit plan by a New Jersey bankruptcy judge in the United States on April 19.

An effort to revive collapsed crypto exchange FTX has drawn interest from Tribe Capital, a venture firm seeking to lead a $250 million fundraising campaign for the new platform. 

Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.

Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. 

Former Terra developer Neel Somani has raised $15m for a new project focused on developing cross-chain roll-ups.

A former developer from the fallen Terra company has raised $15 million for his startup.

Victims of the collapse of the Terra ecosytem, which wiped out over $60 billion of investors' funds, have been speaking up and calling for Do Kwon and entities related to him to be brought to justice. 

Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.