Brij Bhushan, co-founder of Magicpin, has joined Prime Venture Partners as a full-time venture partner. He will contribute to the firm’s investment, portfolio management, and fundraising efforts. Bhushan brings extensive experience from his time at Nexus Venture Partners and Magicpin, where he raised over $100 million.

Online lending platform axio (formerly Capital Float) has secured $20 million from Amazon’s Smbhav Venture Fund. The funds will drive growth, scale lending operations, and expand credit products. Axio has reached $1 billion in annualized disbursals and maintains a low NPA ratio of 2-3%.

Ola Electric, recently public, has witnessed a decline in its market share among electric two-wheelers, falling from 49% in Q1 FY25 to 33% in August 2024. Despite the drop, it remains the dominant player, with competitors like TVS and Bajaj gaining ground. Ola’s shares have risen to Rs 128 post-IPO.

Ditto Insurance, founded in 2021, addresses the complexities of purchasing life and health insurance by offering personalized consultations. Backed by Zerodha, the advisory platform has served over 3 lakh customers and holds a 4.9-star rating on Google. To date, Ditto has raised Rs 34 crore ($4 million).

Angel investment platform Inflection Point Ventures (IPV) announced a full exit from ethnic wear brand Fashor, achieving a 33% IRR and 3.75x MoM in 54 months. IPV has invested over Rs 720 crore in 200+ startups and recently launched a $25 million CAT 2 VC fund, Physis Capital.

Equity investment platform InvestorAi has raised Rs 80 crore (approximately $10 million) in a Series A round led by Ashish Kacholia of Lucky Investment Managers. Founded in 2018, InvestorAi plans to use the funds to scale its business and introduce new AI-driven investment products that have consistently outperformed market indices.

B2B sales startup Revrag has secured $600K in pre-seed funding led by Powerhouse Ventures, with participation from investors like CRED founder Kunal Shah. The funds will support business expansion and the launch of its AI-BDR product, which automates prospect outreach and enhances sales efficiency for revenue teams.

Dopplr, a virtual try-on provider for online apparel brands, has raised $750,000 in funding led by Cornerstone Ventures. The funds will be used to expand into more apparel categories like sportswear and lifestyle. Dopplr’s technology offers a photorealistic 3D experience, enhancing personalized shopping and data-driven insights for brands.

Paytm has proposed reducing the annual remuneration of its independent directors as part of a move towards improved corporate governance. If approved, director pay will be capped at Rs 48 lakh from April 2024. This follows recent penalties and scrutiny from SEBI over the firm’s governance practices.

Zoff, a Raipur-based spice brand, secured ₹40 crore ($4.8 million) from JM Financial Private Equity. The funds will fuel new product launches and expansion into segments like ready-to-cook and seasonings. Zoff, known for its high-quality spices, aims to strengthen its offline distribution and penetrate tier-II and tier-III cities.