Consumer lending firms are set for difficult days ahead as a central bank diktat on reining in unsecured loans has choked off much-needed credit lines.
Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.
Started by father-daughter duo Mansi Jain and Rajesh Jain, DigitalPaanis Internet of Things (IoT)-enabled platform optimises plant operations to treat wastewater, reduce downtime, and enable water reuse.
Water management startup DigitalPaani raises $1 2 mn in seed round thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.