Inc42: Latest Indian Tech & Startup News, Analysis & Stories

Homegrown financial services firm Avendus has launched its late-stage ‘Future Leaders Fund (FLF) III’ with a total corpus of $350 Mn (INR 3,000 Cr).
The Securities and Exchange Board of India (SEBI)-registered category II alternative investment fund (AIF) will also have a green shoe option of up to INR 1,500 Cr....

Asset management company 360 ONE Asset has launched a secondaries fund, ‘Special Opportunities Fund-12’, with a target corpus of INR 4,000 Cr to invest in late-stage startups.
The company claims that this is India’s first alternative investment fund (AIF) dedicated to the private equity secondary market....

Paytm’s online entertainment ticketing arm Paytm Insider has elevated its business head for the live entertainment (intellectual properties and partnerships) segment, Varun Khare, to the position of chief operating officer (COO).
In his new role, Khare will lead the company’s operational strategies and drive its growth and innovation, Paytm Insider said in a statement....

Amid the rise in the adoption of quick commerce services in the country, Mukesh Ambani-led Reliance Industries Ltd (RIL) is planning a foray into the segment to take on the likes of Blinkit, BigBasket, Swiggy Instamart and Zepto.
JioMart, the digital commerce arm of RIL’s retail subsidiary Reliance Retail, is likely to begin delivering groceries in select cities in under 30 minutes from next month, The Times of India reported, citing multiple sources....