Ritesh Agarwal, group chief executive of Oyo Hotels & Homes, is undertaking one of the largest stock buybacks by an Indian entrepreneur.
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Electric vehicle (EV) operator SmartE, which provides electric three-wheelers for last-mile connectivity at metro stations, announced raising a Series B funding of nearly ₹100 crore from Mitsui & Co, a Japanese trading and investment company. SmartE had raised a $5-million Series A round in 2017.
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Bengaluru-based appliances and furniture rental startup RentoMojo has raised Rs 1.16 crore from Renaud Laplanche, the Co-founder and CEO of Upgrade.
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Venture capital funding in start-ups globally decreased 2% compared to the previous quarter, with Asia slowing even as the US continues to see large-scale dealmaking, according to a report from market intelligence platform CB Insights along with consultancy firm PwC.
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