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STARTUP-STORIES
Pixxel Raises $24M to Advance Hyperspectral Satellite Technology
Bengaluru-based spacetech startup Pixxel has secured an additional $24 million in Series B funding from M&G Catalyst and Glade Brook Capital Partners, bringing the total round to $60 million. This fun...
STARTUP-STORIES
Varthana Secures ₹120 Crore Funding to Empower Education in Tier II & III Cities
Education-focused non-banking financial company (NBFC) Varthana has raised ₹120 crore ($15 million) in debt funding from BlueOrchard Microfinance Fund under an external commercial borrowing framework....
STARTUP-STORIES
Indian Startups Driving Economic Growth and Innovation, Says Zupee CEO at IIGF 2024
At the India Internet Governance Forum (IIGF) 2024, Dilsher Malhi, CEO and founder of online gaming platform Zupee, highlighted how Indian startups are revolutionizing industries and positioning the n...
STARTUP-STORIES
Lenskart to Establish World's Largest Eyewear Manufacturing Facility in Telangana
Lenskart, the Gurgaon-based eyewear giant, is set to invest ₹1,500 crore in establishing the world's largest eyewear manufacturing facility in Telangana. The plant, to be built at Fab City, will signi...
STARTUP-STORIES
Myntra Achieves Profitability in FY24 Amid Revenue Growth and Cost Optimization
Flipkart-owned fashion platform Myntra has posted a net profit of ₹31 crore for FY24, marking a remarkable turnaround from the ₹782 crore net loss recorded the previous year. This shift comes as opera...
STARTUP-STORIES
Orange Health Labs Secures $12 Million to Revolutionize Diagnostics
Orange Health Labs, a full-stack diagnostics platform, has raised $12 million in a funding round led by the Amazon Smbhav Venture Fund. The round also saw participation from existing investors such as...
STARTUP-STORIES
Terractive Raises ₹8 Crore to Revolutionize Activewear with Fabric Innovation
Terractive, a lifestyle activewear brand specializing in in-house fabric innovation, has raised ₹8 crore in a pre-Series A funding round led by Fireside Ventures and DeVC (anchored by Z47). The Mumbai...
STARTUP-STORIES
Enterpret Secures $20.8 Million in Series A Funding to Revolutionize Customer Feedback Analytics
Enterpret, a cutting-edge customer feedback analytics platform, has raised $20.8 million in Series A funding led by Canaan Partners, with participation from Kleiner Perkins, Peak XV Partners, Wing Ven...
STARTUP-STORIES
Zepto CEO Aadit Palicha Sparks Work-Life Balance Debate Amid Toxic Culture Allegations
Aadit Palicha, the 22-year-old CEO of Zepto and one of India’s youngest billionaires, has waded into the heated conversation around work-life balance. In a post on X (formerly Twitter), Palicha made a...
STARTUP-STORIES
Zepto Secures ₹350 Million to Revolutionize Quick Commerce and Eye 2025 IPO
Zepto, the fast-growing quick commerce platform, has raised a massive $350 million (approximately ₹2,900 crore) from prominent domestic investors, setting the stage for the company's next phase of gro...
STARTUP-STORIES
RaptorX.ai Secures ₹4 Crore in Pre-Seed Funding to Strengthen AI-Driven Fraud Prevention Solutions
RaptorX, an innovative fraud prevention software company, has raised ₹4 crore in a pre-seed funding round led by PeakXV Spark, EagleWings Ventures, and Point One Capital. The round also saw participat...
STARTUP-STORIES
AdvantageClub.ai Secures $4M Funding to Expand Global Presence
AdvantageClub.ai, an AI-driven platform specializing in employee engagement and benefits, has successfully raised $4 million in a funding round led by Axilor Ventures, with participation from AFG Vent...
STARTUP-STORIES
Zomato Raises ₹8,500 Crore to Bolster Growth in Quick Commerce
Zomato, India’s leading food and grocery delivery platform, has raised ₹8,500 crore through a qualified institutional placement (QIP). The round witnessed participation from prominent domestic investo...
STARTUP-STORIES
ALT Mobility Gears Up for Growth with $10 Million Series A Round
ALT Mobility, a commercial electric vehicle (EV) leasing and asset management company, has raised $10 million in a Series A funding round led by European venture capital firm Eurazeo, with participati...
STARTUP-STORIES
Nazara Technologies Closes ₹855 Crore Funding Round Led by SBI Mutual Fund
Nazara Technologies, a leading name in India’s online gaming industry, has successfully raised ₹855 crore (approximately $100 million) through a preferential issue of over 8.9 million fully paid equit...
STARTUP-STORIES
ShopDeck Raises $8 Mn in Series B Funding to Transform D2C Ecosystem
Bengaluru-based D2C-focused software solutions provider ShopDeck has successfully secured $8 million (approximately INR 67 crore) in a Series B funding round. The funding was led by Bessemer Venture P...
STARTUP-STORIES
Ranveer Singh Invests in Packaged Foods Startup Elite Mindset
Bollywood superstar Ranveer Singh has made a significant move into the packaged foods industry by acquiring a 50% stake in Elite Mindset, a startup backed by Kishore Biyani. Co-owned by Singh, Nikunj ...
STARTUP-STORIES
Swiggy IPO Debut : Food Delivery Giant Lists with 7.69% Premium, Faces Initial Volatility
India’s leading food and grocery delivery platform, Swiggy, made its much-anticipated debut on Dalal Street, witnessing strong investor enthusiasm but also early fluctuations. The company’s IPO, which...
STARTUP-STORIES
Tablesprint Raises $1M in Angel Round to Revolutionize No-Code App Development
Tablesprint, a Bengaluru-based no-code app builder, has secured $1 million in a funding round led by prominent angel investors, including Ankit Bhati (cofounder, Ola), Ajeet Khurana (founder, Reflexic...
STARTUP-STORIES
Byju’s Founder Clarifies Use of $1.2 Billion Loan for Business Expansion
In a recent disclosure to the US Bankruptcy Court, Byju Raveendran, founder of the troubled edtech giant Byju’s, has defended the use of the company’s $1.2 billion term loan obtained from US lenders. ...
STARTUP-STORIES
Spry Therapeutics Secures $15M to Transform Physical Therapy Market with SaaS Solutions
Spry Therapeutics, a Pune-based software-as-a-service (SaaS) company focused on physical healthcare centers, has secured $15 million in a funding round led by Flourish Ventures. Existing investors, in...
STARTUP-STORIES
Nayan Tech Secures $2 Million to Revolutionize Road Safety with AI and IoT Solutions
Nayan Tech, an artificial intelligence (AI)-driven startup focused on road safety and traffic monitoring, has raised $2 million in a funding round led by Beenext. Other participants in the round inclu...
STARTUP-STORIES
Mstack Secures $40 Million to Revolutionize Specialty Chemicals Market
Specialty chemical startup Mstack has successfully raised $40 million (approximately Rs 335 crore) in a funding round led by Lightspeed Venture Partners and Alpha Wave Global. The round also included ...
STARTUP-STORIES
Bengaluru-based Furnishka Secures ₹27 Crore in Pre-Series A Funding to Revolutionize Indian Furniture Market
Bengaluru-based furniture retailer Furnishka has successfully closed its pre-Series A funding round, securing ₹27 crore. This round was led by India Quotient and saw participation from prominent inves...
STARTUP-STORIES
First Coffee Secures $1.2M in Funding Led by Beenext: Expanding India’s Specialty Coffee Scene
First Coffee, a grab-and-go specialty coffee brand, has successfully raised $1.2 million in a funding round led by Beenext, a venture fund focused on South Asia and India. The round saw participation ...
STARTUP-STORIES
CoRover AI Secures $4 Million in Series A Funding to Expand AI-Powered Conversational Solutions
Bengaluru-based CoRover AI, the creator of BharatGPT, has raised $4 million in a Series A funding round led by Venture Catalysts, alongside participation from several other investors including CanBank...
STARTUP-STORIES
Tuco Intelligent Raises $2 Million in Seed Funding to Revolutionize Kids’ Personal Care Market
Tuco Intelligent, a rising star in the kids’ personal care industry, has secured $2 million in seed funding in a round led by Fireside Ventures and Whiteboard Capital. This funding will help the brand...
STARTUP-STORIES
Health-tech Startup Qure.AI Secures $65 Million in Series D Funding to Revolutionize Healthcare with AI-Powered Disease Detection
Indian health-tech startup Qure.AI has raised an impressive $65 million in its Series D funding round, led by Lightspeed Venture Partners and 360 ONE Asset Management. The funds will be used to fuel t...
STARTUP-STORIES
Pepsales Secures $1.1 Million in Funding to Revolutionize B2B SaaS Demos with AI-Powered Platform
Pepsales, a cutting-edge software-as-a-service (SaaS) platform designed for sales teams, has successfully raised $1.1 million in its latest funding round. The round was led by the renowned venture cap...
STARTUP-STORIES
M2P Fintech Nears Unicorn Status with $80 Million Funding Round Led by Helios Investment Partners
M2P Fintech, a leading software services provider for banks, is on the verge of closing a new funding round, raising approximately $80 million through a combination of primary and secondary transactio...
STARTUP-STORIES
Aye Finance to Raise ₹250 Crore in Funding Round Led by ABC Impact
Gurugram-based non-banking finance company, Aye Finance, is gearing up for its latest funding round, which is set to raise ₹250 crore. This round is led by ABC Impact, a Singapore-based impact investm...
STARTUP-STORIES
z21 Ventures Raises $20M in First Close of Second Fund to Support Early-Stage Startups
Early-stage investment firm z21 Ventures has raised $20 million in the first close of its $40 million second fund, with WestBridge Capital as the anchor investor. The firm, which supports technology s...
STARTUP-STORIES
Vahan Secures $10 Million to Expand AI Recruitment for Blue-Collar Workforce
Recruitment platform Vahan has raised $10 million in a funding round led by existing investor Khosla Ventures, with participation from Y Combinator, Gaingels, and Paytm founder Vijay Shekhar Sharma. T...
STARTUP-STORIES
NowPurchase Raises $6M to Expand SaaS Marketplace for Metal Manufacturers
Kolkata-based NowPurchase, a SaaS-enabled marketplace for metal manufacturers, has raised $6 million in a funding round led by existing investor Info Edge Ventures. The round, a mix of equity and debt...
STARTUP-STORIES
Kaleidofin Secures $13.8M Funding to Strengthen Financial Services for India’s Rural Economy
Financial services provider Kaleidofin has raised $13.8 million (Rs 115.5 crore) in a funding round led by Rabo Partnerships, a subsidiary of Rabobank Group focused on financial inclusion and rural de...
STARTUP-STORIES
Women-Focused Health Startup Newmi Care Secures $1.5 Million Seed Funding, Eyes Expansion
Newmi Care, a women-focused health and wellness startup, has successfully raised $1.5 million (Rs 12.6 crore) in seed funding. The round was led by Sprout Venture Partners, with participation from a f...
STARTUP-STORIES
Flexiloans Raises ₹290 Crore in Equity Funding to Fuel Growth in Digital Lending
Mumbai-based digital lending startup Flexiloans has secured ₹290 crore (approximately $35 million) in an equity funding round, marking another significant step in its expansion. The funding round was ...
STARTUP-STORIES
InMobi Secures $100M Debt Financing from MARS Growth Capital Ahead of Planned Public Listing
In a strategic move to fuel its artificial intelligence (AI) capabilities, InMobi, a SoftBank-backed adtech leader, has raised $100 million in debt financing. The funding was secured from MARS Growth ...
STARTUP-STORIES
Gurugram-based Wealthtech Startup Centricity Raises $20M in Seed Funding
In a significant move within India's wealthtech landscape, Centricity, a Gurugram-based startup, has successfully raised $20 million in a seed funding round. The round was led by Lightspeed India Part...
STARTUP-STORIES
Nestasia Secures $8.35 Million to Expand Offline Stores and Launch New Categories
Home decor and lifestyle brand Nestasia has raised $8.35 million in a funding round led by Susquehanna Asia VC, Stellaris Venture Partners, and other angel investors. The capital will be used to fuel ...
STARTUP-STORIES
AppsForBharat Raises $18 Million to Expand Devotional Platform Sri Mandir
AppsForBharat, the parent company of the devotion platform Sri Mandir, has secured $18 million in a funding round led by Fundamentum, with participation from Susquehanna Asia VC and existing investors...
STARTUP-STORIES
Clean Electric Raises $6 Million to Revolutionize EV Battery Technology
Pune-based startup Clean Electric, known for developing fast-charging battery technology, has secured $6 million in a funding round co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital, with...
STARTUP-STORIES
PhysicsWallah Nears $150 Million Funding Round, Valuation Set to Soar to $2.8 Billion
PhysicsWallah is on the verge of a major funding boost, as the Noida-based edtech unicorn is finalizing a $150 million funding round led by Asian hedge fund Hornbill Orchid. The deal is expected to el...
STARTUP-STORIES
Hangyo Ice Cream Secures ₹211 Crore Investment from Faering Capital to Fuel Growth
Mangaluru-based Hangyo Ice Cream has successfully raised approximately ₹211 crore from private equity firm Faering Capital. This significant funding injection will empower Hangyo to enhance its produc...
STARTUP-STORIES
Delhi NCR Auto and Taxi Drivers Strike for Two Days to Protest Against Ola and Uber
On Thursday morning, Delhi and the National Capital Region (NCR) experienced significant transportation disruptions as auto and taxi drivers began a two-day strike. The strike, organized by the Delhi ...
STARTUP-STORIES
Former Tech Mahindra Executive Jagdish Mitra Launches Humanize: A Generative AI SaaS Startup
Jagdish Mitra, the former head of Tech Mahindra India, launched Humanize, a groundbreaking SaaS startup harnessing generative AI and low code/no code (LCNC) technologies. This venture marks Mitra’s bo...
STARTUP-STORIES
Zomato Acquires Paytm’s Movie Ticketing and Events Business for ₹2,048 Crore in All-Cash Deal
In a strategic move to diversify beyond food delivery, Zomato has announced its acquisition of Paytm’s movie ticketing and events business for ₹2,048 crore in an all-cash deal. This acquisition marks ...
STARTUP-STORIES
Bluestone Raises Rs 900 Crore, Doubling Valuation Ahead of IPO
Jewellery retailer Bluestone has successfully closed a significant Rs 900-crore financing round, catapulting its valuation to $970 million (approximately Rs 8,100 crore). This latest round marks a piv...
STARTUP-STORIES
Titan Capital Secures Rs 200 Crore Fund to Boost Support for Portfolio Startups
Titan Capital, the seed-stage investment firm co-founded by Kunal Bahl and Rohit Bansal, has successfully raised Rs 200 crore for its latest initiative, the Titan Capital Winners Fund. This marks the ...
STARTUP-STORIES
TransBnk Lands $4 Million in Funding from 8i Ventures to Accelerate Global Expansion
Mumbai-based fintech startup TransBnk has successfully raised $4 million (approximately ₹34 crore) in its latest funding round, marking a significant milestone for the company. The round, spearheaded ...
STARTUP-STORIES
Mobikwik Reports Strong FY24 Performance with Rs 14 Crore Profit
Mobikwik, the Gurugram-based fintech firm, has reported a remarkable financial turnaround for FY24, posting a net profit of Rs 14 crore. This is a significant rebound from the Rs 80.6 crore loss repor...
STARTUP-STORIES
Luggage brand Uppercase Secures $9 Million from Accel, Achieves $60 Million Valuation
Venture capital powerhouse Accel has made a significant move in the consumer retail space by investing $9 million in Uppercase, a new-age luggage maker. This investment nearly doubles Uppercase's valu...
STARTUP-STORIES
Volt VC Unveils New Fund to Support Early-Stage Startups in India
On Wednesday, Volt VC, an emerging micro venture capital firm based in Ahmedabad, made headlines with the official launch of its inaugural fund. Named Volt VC Fund-1, the new initiative is set to sign...
STARTUP-STORIES
Ankur Capital Secures ₹1,200 Crore Target for Third Fund with Strong Support from British International Investment and MacArthur Foundation
Ankur Capital, a prominent early-stage venture investor specializing in agritech, climate solutions, and deeptech, has successfully garnered new capital commitments from its long-standing partners, Br...
STARTUP-STORIES
FlexiLoans Secures INR 75 Crore in Debt Funding from JM Financials, Bolstering SME Lending
FlexiLoans, a prominent fintech startup specializing in loans for small and medium enterprises (SMEs), has successfully secured INR 75 crore (approximately $9 million) in debt funding from JM Financia...
STARTUP-STORIES
Lenskart Seeks Top D2C Entrepreneurs to Innovate and Build Next-Gen Eyewear Brands
India’s leading eyewear retailer, Lenskart, is on the hunt for three dynamic entrepreneurs to join the company as Entrepreneurs in Residence (EIR). This new initiative aims to develop the next generat...
STARTUP-STORIES
Texas Instruments Secures $1.6 Billion for New Facilities: A Major Boost for U.S. Semiconductor Production
On Friday, Texas Instruments (TI) announced a significant boost to its manufacturing capabilities with a $1.6 billion funding award from the U.S. Commerce Department. This investment, part of the US C...
STARTUP-STORIES
Bernstein Forecasts Paytm's Profitability by 2027, Suggests Acquisition by Banks or Corporates as Key to Upside
In a recent analysis, Bernstein has set an ambitious target price of Rs 600 per share for Paytm, forecasting that the fintech giant will achieve profitability by the fiscal year 2026-27. However, the ...
STARTUP-STORIES
luxury men’s brand Halden Secures ₹5 Crore in Seed Funding for Expansion and Innovation
Mumbai-based luxury men’s brand Halden has achieved a significant milestone by raising ₹5 crore in a seed funding round, with Prajay Advisors leading the investment. This substantial capital injection...
STARTUP-STORIES
Krutrim's Bold Vision: AI Chip Launch by 2026 Revealed by Bhavish Aggarwal
In a groundbreaking announcement at the Ola Sankalp 2024 event, Bhavish Aggarwal, co-founder and CEO of Ola Cabs, unveiled the ambitious roadmap for Krutrim, the innovative AI startup he founded. Krut...
STARTUP-STORIES
Ola's Rebranding to Ola Consumer Marks Major Service Expansion
In a bold move marking a new chapter, Ola, India’s prominent mobility platform, has officially rebranded from Ola Cabs to Ola Consumer. The announcement, made by CEO Bhavish Aggarwal during the compan...
STARTUP-STORIES
Ecom Express Submits Rs 2,600-Crore IPO Filing to SEBI
Logistics giant Ecom Express has revealed its plans to raise nearly Rs 2,600 crore through an initial public offering (IPO). The company has filed its draft red herring prospectus (DRHP) with the Secu...
STARTUP-STORIES
Lightspeed Venture Partners to Lead $150 Million Funding Round for PhysicsWallah
Lightspeed Venture Partners is preparing to lead a significant $150 million funding round for PhysicsWallah, the edtech platform founded by Alakh Pandey. This deal comes at a challenging time for Indi...
STARTUP-STORIES
BabyOrgano Secures Rs 6 Crore Seed Funding to Fuel Growth and Expansion
BabyOrgano, a prominent name in children’s personal care, has successfully closed its seed funding round, raising Rs 6 crore. This round was led by Sauce Consumer Fund III and saw continued support fr...
STARTUP-STORIES
Google Expands AI Overviews in Search to Six New Countries, Including India
Google has announced a major expansion of its AI Overviews in Search feature, rolling it out to six new countries, including India. The update, which will be gradually introduced over the coming weeks...
STARTUP-STORIES
Oyo Acquires Paris-Based Checkmyguest in Rs 230 Crore Deal
Hospitality unicorn Oyo has announced a significant expansion with the acquisition of Checkmyguest, a Paris-based platform specializing in managing rental properties, including homestays and luxury ap...
STARTUP-STORIES
Loginext Solutions Sells Assets to US Entity for $250K After $50 Million Funding
Loginext Solutions, a logistics software-as-a-service (SaaS) startup supported by Tiger Global and Steadview Capital, has entered liquidation, selling its assets to Delaware-based Stellation Inc for j...
STARTUP-STORIES
Optiemus Infracom Aims to Raise Rs 400 Crore for Manufacturing Expansion and New Product Lines
Optiemus Infracom, a leading player in the wearables and telecom equipment sector, is set to make a major move in its expansion strategy. The company plans to raise approximately Rs 400 crore through ...
STARTUP-STORIES
AI firm Fractal Launches Vaidya.ai, India’s First Advanced Medical LLM
Fractal, a leading AI firm, has launched Vaidya.ai, India's first multimodal medical language model (LLM) designed to assist users with diagnosis, treatment, and medical advice. This groundbreaking AI...
STARTUP-STORIES
Syfe Secures $27 Million in Funding to Boost Growth and Innovation
Syfe, a leading investment platform based in Singapore, has successfully raised $27 million in equity funding from a notable group of existing investors. This latest funding round saw participation fr...
STARTUP-STORIES
Aris Infra Plans ₹600 Crore IPO: Draft Papers Filed with SEBI
Mumbai, India — Aris Infra, a cutting-edge platform for construction material procurement, has submitted a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), a...
STARTUP-STORIES
Flexiloans Aims to Raise $35 Million in New Equity Round to Boost Valuation
Flexiloans, a prominent digital lending platform for small businesses, is in advanced discussions with global and domestic investors to secure approximately ₹300 crore ($35 million) in a new equity ro...
STARTUP-STORIES
Six Sense Mobility Secures ₹6 Crore in Seed Funding to Accelerate Smart Mobility Innovations
Six Sense Mobility, a pioneering deep-tech smart mobility company, has successfully raised ₹6 crore in a seed funding round led by Piper Serica VC, an angel investment firm based in Mumbai. This lates...
STARTUP-STORIES
Zepto Set to Raise $310 Million, Valuation Soars to $5 Billion Amidst Quick-Commerce Surge
Zepto, the rapidly growing quick-commerce firm, is gearing up for a major funding boost as it seeks to raise an additional $310 million, propelling its valuation to an impressive $5 billion. This mark...
STARTUP-STORIES
Reliance-Disney Merger: Companies Propose Regional Channel Sales to Secure CCI Approval While Defending Cricket Rights
In a bid to secure faster antitrust approval for their monumental $8.5 billion merger, Reliance and Walt Disney are offering to divest several TV channels. However, they are resisting any changes to t...
STARTUP-STORIES
Fashor Secures $5 Million Funding to Revolutionize Indian Ethnic Wear Market
Fashor, the innovative ethnic wear brand, has just announced a significant boost to its growth ambitions with a $5 million funding round led by early-stage venture capital firm Blume Ventures. This ne...
STARTUP-STORIES
Vayana Secures $20.5 Million in Series D Funding to Transform Trade Finance
Vayana, a leading trade finance platform, has successfully raised $20.5 million in a Series D funding round, led by the Sumitomo Mitsui Banking Corporation (SMBC) Asia Rising Fund. This significant in...
STARTUP-STORIES
Beco Secures $10 Million Funding from Tanglin Venture Partners for Expansion in Home and Personal Care Market
In a notable development for the eco-friendly consumer goods sector, Beco, a Mumbai-based home and personal care brand, has successfully raised $10 million in its latest funding round. Led by Tanglin ...
STARTUP-STORIES
Honasa Consumer’s BBlunt Achieves Rs 100 Crore ARR Milestone, Reflecting 4X Growth Since Acquisition
Honasa Consumer, the powerhouse behind the popular beauty and personal care brand Mamaearth, has announced a significant achievement for its hair care segment. BBlunt, acquired in February 2022, has s...
STARTUP-STORIES
EyeROV Secures Rs 10 Crore Funding to Propel Global Expansion and Advance Marine Robotics
EyeROV, a pioneering developer of underwater drones, has successfully raised Rs 10 crore (approximately $1.2 million) in a funding round led by Unicorn India Ventures. This substantial investment mark...
STARTUP-STORIES
Ather Energy Enters Unicorn Club with $71 Million Investment from NIIF
Electric scooter manufacturer Ather Energy has reached a significant milestone, joining the elite unicorn club following a substantial funding boost. The company has secured Rs 600 crore ($71 million)...
STARTUP-STORIES
Skydo secures $5 Million in Funding from Elevation Capital to Accelerate Cross-Border Payment Solutions
In a major boost for the cross-border payment landscape, Skydo, the innovative startup dedicated to streamlining international transactions, has successfully raised $5 million in its latest equity rou...
STARTUP-STORIES
Healthcare and Tech Startups 4baseCare Secures $6 Million to Advance Personalized Cancer Care
4baseCare, a pioneering healthcare startup, has successfully raised $6 million (approximately Rs 50 crore) in a funding round led by Yali Capital. This capital injection will be used to enhance the co...
STARTUP-STORIES
Metadome.ai Raises $6.5 Million to Revolutionize Extended Reality Experiences
Metadome.ai, an innovative startup in the extended reality (XR) space, has successfully raised $6.5 million in a recent funding round. The investment was led by Siana Capital and Chiratae Ventures, wi...
STARTUP-STORIES
Kazam EV Tech Secures $8 Million in Funding to Boost Electric Vehicle Charging Solutions
Kazam EV Tech, a leader in electric vehicle (EV) charging solutions, has successfully raised $8 million in a recent funding round. The round was led by Vertex Ventures, with participation from existin...
STARTUP-STORIES
Ritesh Agarwal Invests Rs 830 Crore in OYO's Latest Funding Round
Ritesh Agarwal's Major InvestmentRitesh Agarwal, Founder of OYO, has significantly bolstered the company's finances by investing Rs 830 crore through his Singapore-based entity, Patient Capital. This ...
STARTUP-STORIES
Neo Group Raises Rs 400 Crore in Equity Funding from MUFG Bank and Euclidean Capital
In a landmark move for India's wealth management industry, Neo Group has successfully raised Rs 400 crore (approximately $47 million) in a fresh equity funding round. This significant investment was s...
STARTUP-STORIES
Infinyte.Club Raises $3.6 Million to Empower Startup Employees with Wealth Management Tools
Bengaluru-based Infinyte.Club, a pioneering wealth creation and management platform tailored for tech and startup employees, has successfully secured $3.6 million in a funding round led by Elevation C...
STARTUP-STORIES
Truva Raises $3 Million in Stellaris Venture Partners-Led Funding Round
Truva, a cutting-edge real estate technology platform, has successfully raised $3 million in a funding round led by Stellaris Venture Partners. The round also saw participation from notable angel inve...
STARTUP-STORIES
Former YouTube CEO Susan Wojcicki Passes Away After Battle with Cancer
Former YouTube CEO Susan Wojcicki has passed away after a two-year battle with non-small cell lung cancer. Her husband, Dennis Troper, shared the heartbreaking news, prompting an outpouring of tribute...
STARTUP-STORIES
India and Maldives Partner to Launch UPI Payment Service
India and Maldives have taken a significant step in enhancing their bilateral relations by signing an agreement to introduce the Unified Payments Interface (UPI) in the Maldives. The Memorandum of Und...
STARTUP-STORIES
DevRev Secures $100.8 Million in Series A Funding, Enters AI Unicorn Club
DevRev, a customer relationship software firm, has secured $100.8 million in a Series A funding round, propelling its valuation to $1.15 billion and marking its entry into the prestigious unicorn club...
STARTUP-STORIES
Apple's Satellite Partner Globalstar Eyes Entry into India's Nascent Satcom Market
Globalstar Inc., the US-based satellite operator providing emergency SOS services for Apple’s iPhones, is set to enter India’s burgeoning satellite communication (satcom) market. The company, which po...
STARTUP-STORIES
Zoomcar Targets 100 Fulfillment Centers by December-End
Zoomcar, the leading self-drive car-sharing platform, has taken a significant step in its expansion by launching its first fulfillment centre in Chennai. This marks the beginning of a major growth pha...
STARTUP-STORIES
Google Cloud Proposes Startup Hub and Centre of Excellence in Madhya Pradesh: CM Mohan Yadav
In a significant development, Madhya Pradesh Chief Minister Mohan Yadav announced on Thursday that Google Cloud has proposed establishing a startup hub and centre of excellence in the state. This prop...
STARTUP-STORIES
Namma Yatri Rolls Out Lifetime Zero-Commission Cab Service on ONDC in Delhi NCR
MovingTech, the innovative company behind the Namma Yatri app, has made a significant move in the transportation sector with the launch of its new zero-commission cab service under the “Yatri” brand i...
STARTUP-STORIES
Ola Electric Shares Surge 18.6% After Stock Market Debut
Ola Electric, led by Bhavish Aggarwal, has made waves in the stock market today as its shares soared by 18.6% on the BSE, trading at Rs 90.17 in afternoon trade. This sharp rise follows the company's ...
STARTUP-STORIES
Plotch Becomes First AI-Driven Platform to Surpass 10 Million Transactions on ONDC Network
Plotch, a key player in the ONDC (Open Network for Digital Commerce) ecosystem, has achieved a significant milestone, surpassing 10 million cumulative transactions through its network infrastructure. ...
STARTUP-STORIES
80% of Online Shoppers Are Mass Consumers from Tier 2 and 3 Towns : Meesho Report
In a recent report by Meesho, the landscape of Indian e-commerce is undergoing a significant transformation. Mass consumers, who generally make lower-priced purchases, now constitute about 80% of the ...
STARTUP-STORIES
Talent curation platform FlexiBees Secures Pre-Series A Funding to Expand Tech and Market Presence
FlexiBees, a dynamic talent curation platform, has successfully raised an undisclosed amount in Pre-Series A funding, led by Inflection Point Ventures. This funding round also saw participation from n...
STARTUP-STORIES
Specialty Chemical Startup Scimplify Secures $9.5 Million in Series A Funding
In a significant boost to the specialty chemical manufacturing sector, Bengaluru-based startup Scimplify has raised an impressive $9.5 million in a Series A funding round. The round was led by Omnivor...
STARTUP-STORIES
RBI Hikes UPI Limit for Tax Payments to Rs 5 Lakh from Rs 1 Lakh
In a significant move to simplify tax payments for millions of Indians, the Reserve Bank of India (RBI) has proposed increasing the Unified Payments Interface (UPI) transaction limit for tax payments ...
STARTUP-STORIES
Ola Explores Quick Commerce Again with Plans to Establish Own Dark Stores
As Ola Electric gears up for its highly anticipated listing later this week, founder Bhavish Aggarwal is not just resting on his laurels. Aggarwal is actively invigorating Ola's core ride-hailing busi...
STARTUP-STORIES
ONDC Expands Spiritual Services with Vama.app Partnership
The government-backed ecommerce platform, Open Network for Digital Commerce (ONDC), is broadening its range of services by integrating spiritual offerings through Vama.app. This move will enable users...
STARTUP-STORIES
Kindlife Raises $8M in Series A Funding to Expand K-Beauty Market in India
Beauty and cosmetics startup Kindlife has secured $8 million (over INR 67 crore) in a Series A funding round co-led by JB-Dooeun TK Fund and MIXI Global Investments. The round also saw participation f...
STARTUP-STORIES
SigTuple Raises Rs 33 Crore in Extended Series C Funding to Revolutionize Digital Microscopy with AI
Medtech startup SigTuple, specializing in AI-powered digital microscopy solutions, has secured Rs 33 crore ($4 million) in an extended Series C funding round led by Sidbi Venture Capital, with partici...
STARTUP-STORIES
Hyperbots Secures $2 Million Seed Funding to Revolutionize Finance and Accounting with AI
Hyperbots, an innovative startup specializing in AI-driven finance and accounting solutions, has raised $2 million in a seed funding round led by Kalaari Capital. The round also saw participation from...
STARTUP-STORIES
Fintech Startup IppoPay Secures Strategic Investment from CaratLane founder Mithun Sacheti
Fintech startup IppoPay has raised an undisclosed amount from Mithun Sacheti, founder of CaratLane, and Siddhartha Sacheti, CEO of Jaipur Gems. This investment aims to enhance IppoPay’s customer exper...
STARTUP-STORIES
EtherealX Secures $5 Million in Funding to Revolutionize Space Launch Vehicles
Bengaluru-based space technology startup EtherealX has raised $5 million in a funding round led by YourNest, an early-stage venture capital firm. This round also saw participation from BIG Global Inve...
STARTUP-STORIES
Punch Raises $7 Million in Seed Funding to Revolutionize Stock Trading Platform
Stock-broking platform Punch has successfully raised $7 million in seed funding. The investment round was led by Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Ca...
STARTUP-STORIES
FirstCry's IPO Attracts Major Investors, Secures Rs 1,885.80 Crore in Anchor Portion
FirstCry, the renowned omnichannel kidswear brand operated by Brainbees Solutions, has successfully closed the anchor portion of its highly anticipated initial public offering (IPO). The company has a...
STARTUP-STORIES
Juleo Raises $2.5 Million to Revolutionize the Dating Scene
Dating app Juleo, designed to tackle the matchmaking crisis, has successfully raised $2.5 million in a funding round. Prominent investors in this round include Livspace founder Ramakant Sharma, Cred f...
STARTUP-STORIES
Neobank Jupiter Boosts Employee Engagement with $4.9 Million Equity Share Allotment
Neobanking innovator Jupiter has recently made headlines with its substantial expansion of its employee stock option plan (ESOP). In a strategic move aimed at bolstering employee engagement and owners...
STARTUP-STORIES
SaaS Giant Postman Faces 30-40% Valuation Cut in Latest Secondary Deals
In a surprising turn of events, SaaS platform Postman, once valued at $5.6 billion (INR 46,925 crore), has recently engaged in secondary deals at a significant 30-40% discount from its peak valuation....
STARTUP-STORIES
Agrizy Raises $9.8 Million to Revolutionize Agri-Processing and Expand Services
Agritech startup Agrizy has successfully raised $9.8 million (approximately Rs 82 crore) in a funding round co-led by Accion and Omnivore. The round also saw participation from Capria Ventures, Thai W...
STARTUP-STORIES
India's space tech sector raised $126 million in 2023, up 7% from 2022, driven by early-stage investments and government support
India’s space technology sector is on an impressive upward trajectory, receiving $126 million in funding in 2023, a 7% increase from the $118 million raised in 2022, and a remarkable 235% rise from th...
STARTUP-STORIES
ShareChat Secures $16 Million in Additional Debt Financing Amid Workforce Reduction
Vernacular social media platform ShareChat has bolstered its financial resources by securing an additional $16 million through convertible debentures, bringing the total size of its recent debt round ...
STARTUP-STORIES
Essar Group-Backed Black Box Raises Rs 410 Crore to Expand Global Data Centre Infrastructure Services
In a strategic move poised to reshape the landscape of data centre infrastructure services, Black Box, an Essar Group-backed IT systems integrator, has successfully raised Rs 410 crore through a prefe...
STARTUP-STORIES
Delhivery Launches Shared Dark Stores for Rapid Local Deliveries
New-age logistics giant Delhivery is set to revolutionize the direct-to-consumer (D2C) market with the launch of a network of shared dark stores, or micro warehouses. These facilities are designed to ...
STARTUP-STORIES
Bike Bazaar Secures INR 25 Cr Debt Financing from MAS Financial
In a significant development for the online two-wheeler marketplace and financing platform, Bike Bazaar has successfully raised a debt of INR 25 Cr (approximately $3 Mn) from financial services compan...
STARTUP-STORIES
Comet Raises $5 Million in Series A Funding, Led by Elevation Capital
In a significant development for the Indian direct-to-consumer (D2C) sneaker market, Bengaluru-based startup Comet has successfully raised INR 42 Cr (approximately $5 million) in Series A funding. Thi...
STARTUP-STORIES
Wify Raises Rs 25 Crore in Funding to Revolutionize Home Improvement Sector
Wify, a cutting-edge technology-enabled construction and home improvement platform, has successfully raised Rs 25 crore in a funding round spearheaded by Mount Judi Ventures, with significant particip...
STARTUP-STORIES
Purplle Secures ₹1,000 Crore in Funding, Signaling a Revival for Indian Startups
In a significant boost for the Indian startup ecosystem, beauty retailer Purplle has closed a ₹1,000 crore ($120 million) financing round. This round was led by Abu Dhabi's sovereign fund, ADIA, along...
STARTUP-STORIES
Visual Telematics Startup Cautio Secures ₹6.5 Crore in Pre-Seed Funding Round
Visual telematics startup Cautio has made headlines by raising ₹6.5 crore in a pre-seed funding round. This significant funding round was led by prominent investors Antler, 8i Ventures, and AU Small F...
STARTUP-STORIES
Pivot Robots Secures Funding from NuVentures to Revolutionize Industrial Automation
US-based artificial intelligence (AI) startup Pivot Robots has successfully raised an undisclosed amount of funding from early-stage venture fund NuVentures. This investment will support the startup's...
STARTUP-STORIES
UPI Transactions See Slight Dip To 13.89 Bn in June 2024 but Maintain Strong Year-on-Year Growth
Unified Payment Interface (UPI) transactions experienced a slight dip in June 2024, with a 1% decrease in volume and a 2% decrease in value compared to May 2024. According to data shared by the Nation...
STARTUP-STORIES
Zomato Faces Tax Demand of Rs 9.5 Crore from Karnataka Authorities
In a recent regulatory filing, listed food delivery and quick commerce major Zomato disclosed that it has received a tax demand, along with interest and penalty, amounting to Rs 9.5 crore from the Kar...
STARTUP-STORIES
PayU's LazyPay Expands Quick Commerce Partnership with Blinkit Addition
In a significant move towards enhancing digital payment solutions, Naspers-backed fintech firm PayU’s credit service, LazyPay, has announced a strategic partnership with quick commerce app Blinkit. Th...
STARTUP-STORIES
Urban Company Achieves Profit in April-June Quarter, Sets Sights on IPO in 2025
Record Revenue and Profitability Highlight Growth for Urban CompanyGurugram-based home services platform Urban Company has reported a significant achievement in its financial performance for the April...
STARTUP-STORIES
Nodwin Gaming to Acquire German Esports Agency Freaks 4U Gaming in Rs 271 crore Deal
Strategic Acquisition to Strengthen Nodwin's Global PresenceNodwin Gaming, the esports and events arm of Nazara Technologies, has announced a significant acquisition of the German esports and gaming m...
STARTUP-STORIES
Ola Electric to Invest $100 Million in Gigafactory for Lithium-Ion Battery Cells
IPO-Bound Ola Electric Gears Up for Local Battery Cell ProductionOla Electric, on the brink of its initial public offering (IPO), has announced a significant investment of $100 million (approximately ...
STARTUP-STORIES
Two Brothers Organic Farms Secures Rs 58.2 Crore Investment from Nithin Kamath's Rainmatter
Two Brothers Organic Farms, a pioneering agritech startup, has successfully secured Rs 58.2 crore in an equity funding round. The round was led by Nithin Kamath’s Rainmatter Foundation, co-founder of ...
STARTUP-STORIES
Autocracy Machinery Secures Rs 6 Crore in Pre-Series A Funding Led by VC Grid
Hyderabad-based Manufacturer Eyes Global Expansion with New InvestmentAutocracy Machinery, a pioneering manufacturer of trenching, turf, and construction machinery, has successfully raised Rs 6 crore ...
STARTUP-STORIES
Finnest Acquires Majority Stake in Kitchens@ with $160 Million Investment
London-Based Private Equity Firm Takes Commanding Share in Cloud Kitchen InnovatorIn a significant development for the food tech industry, London-based private equity firm Finnest has acquired a major...
STARTUP-STORIES
Smartworks Secures INR 168 Crore in Funding from Key Investors Including Keppel Ltd
Co-working platform Smartworks has announced a significant fundraising achievement, securing INR 168 crore (USD 20.24 million) from a diverse group of investors. The funding round saw participation fr...
STARTUP-STORIES
Aris Infra Plans IPO to Raise Rs 600-700 Crore, Backed by High-Profile Investors
Mumbai-based Aris Infra, a technology-driven construction material procurement platform, is set to raise Rs 600-700 crore through an initial public offering (IPO). The company, founded in February 202...
STARTUP-STORIES
Fabless Semiconductor Startup Morphing Machines Secures $2.76 Million in Seed Funding
Morphing Machines, a cutting-edge fabless semiconductor startup, has successfully raised $2.76 million in its seed funding round. This round was led by Speciale Invest, a venture capital firm speciali...
STARTUP-STORIES
Matter Motors Secures Rs 82 Crore in Funding from High-Profile Investors
Electric motorcycle manufacturer Matter Motors has successfully raised Rs 82 crore in a recent funding round, attracting investments from prominent global players, including Japan Airlines & TransLink...
STARTUP-STORIES
Novavente Secures $3 Million in Funding Led by Highbrow Securities, Plans Global Expansion and IPO
Sales consulting firm Novavente has secured $3 million (approximately Rs 25 crore) in a fresh round of equity funding. The investment was led by Mumbai-based investment bank Highbrow Securities. The f...
STARTUP-STORIES
Rocketlane Raises $24 Million to Propel AI Roadmap and Expand Global Reach
Chennai-based B2B software-as-a-service (SaaS) startup Rocketlane has secured $24 million (approximately Rs 200 crore) in a funding round co-led by 8VC, Matrix Partners India, and Nexus Venture Partne...
STARTUP-STORIES
Sid’s Farm Raises $10 Million in Funding to Expand Presence in Bengaluru and Hyderabad
Hyderabad-based direct-to-consumer dairy brand Sid’s Farm has successfully raised $10 million (approximately Rs 83 crore) in a funding round led by Mumbai-based venture fund Omnivore and the family of...
STARTUP-STORIES
Zyod Secures $18 Million in Funding to Accelerate Global Expansion and Tech Innovation
In a major boost to its growth plans, B2B fashion marketplace Zyod has raised $18 million in a mix of equity and debt funding. The funding round was spearheaded by venture firm RTP Global, with debt c...
STARTUP-STORIES
Lxme Secures $1.2 Million Seed Funding to Empower Women in Financial Planning
In a significant development for women-centric financial services, Lxme, a financial platform exclusively for women, has raised $1.2 million in seed funding. The funding round was led by Kalaari Capit...
STARTUP-STORIES
Cloudphysician Secures $10.5 Million in Funding to Expand AI Healthcare Solutions
Cloudphysician, a leading online healthcare and technology solutions provider, has raised $10.5 million (approximately Rs 87.7 crore) in a funding round led by Peak XV Partners. The round also saw par...
STARTUP-STORIES
Swiggy Reports 24% Revenue Growth in 2023; Quick Commerce Gains Boosted, Says Prosus
In a significant update, Prosus, the largest shareholder in Swiggy, announced robust financial performance for the food and grocery delivery giant for the calendar year 2023. According to Prosus' annu...
STARTUP-STORIES
Bluestone Secures Rs 100 Crore Debt Investment from Neo Markets Amidst Pre-IPO Ambitions
Bluestone, the Bengaluru-based omnichannel retailer specializing in jewelry, has successfully raised Rs 100 crore (approximately $12 million) in debt funding from Neo Markets. This marks the third sig...
STARTUP-STORIES
Paytm Partners with Skyscanner, Google Flights, and Wego to Expand Online Travel Services
One 97 Communications (OCL), the parent company of fintech giant Paytm, has announced strategic partnerships with global travel aggregators Skyscanner, Google Flights, and Wego to bolster its presence...
STARTUP-STORIES
Prosus Writes Off $493 Million Stake in Byju's Amid Legal and Financial Turmoil
Dutch-listed technology investment firm Prosus has written off its 9.6% stake in beleaguered edtech firm Byju's. In its annual report, Prosus stated that the group decided to write off the fair value ...
STARTUP-STORIES
Meta Rolls Out AI Assistant in India for Facebook, WhatsApp, Instagram, and Messenger
Meta, the parent company of Facebook, is expanding its artificial intelligence (AI) horizons by rolling out its AI assistant in India. This strategic move allows users across popular Meta platforms—Fa...
STARTUP-STORIES
Ather Energy Cofounder Swapnil Jain Champions Indian Electric Two-Wheelers as Global Leaders
Nagpur, India - In a bold declaration at the 'Meet Rizta' event, Ather Energy cofounder Swapnil Jain asserted that Indian electric two-wheelers surpass their global counterparts in both design and tec...
STARTUP-STORIES
Zepto Secures $665 Million in Funding, Doubling Valuation to $3.6 Billion
Bengaluru, India, In a major boost to India's quick commerce sector, Zepto has raised $665 million in a funding round, doubling its valuation to $3.6 billion. This development strengthens Zepto's pos...
STARTUP-STORIES
Neobank Jupiter's NBFC arm secures Rs 20 crore funding from Peak XV Partners, Matrix Partners, and other investors
Bengaluru-based Amica Finance Pvt Ltd, the NBFC arm of consumer-focused neo-banking startup Jupiter, has secured Rs 20 crore in its first equity funding round. The round was spearheaded by Peak XV Par...
STARTUP-STORIES
Revenue Automation Startup MeetRecord Secures $2.7 Million in Pre-Series A Funding
Bengaluru, June 23, 2024 - MeetRecord, a revenue automation startup based in Bengaluru, has successfully raised $2.7 million in a pre-series A funding round. The investment was led by Singapore-based ...
EV
River and IBC Secure Major Investments to Boost Electric Mobility and Battery Manufacturing in Karnataka
Electric vehicle startup River and battery manufacturer International Battery Company (IBC) are set to make significant investments in Karnataka, as part of a broader initiative to enhance the state's...
STARTUP-STORIES
Eume Secures Rs 15 Crore Funding to Fuel Growth and Innovation in Premium Luggage Market
Eume, the premium luggage and accessories brand, has successfully raised Rs 15 crore in its latest funding round led by prominent investor Ashish Kacholia. The funds will be instrumental in optimizing...
STARTUP-STORIES
Quidich Innovation Labs Secures Funding to Revolutionize Sports Broadcasting Technology
Sports broadcasting technology startup Quidich Innovation Labs has raised an undisclosed amount in a funding round led by Centre Court Capital, a venture capital firm focused on sports tech and gaming...
STARTUP-STORIES
OrbitShift Secures $7 Million Seed Funding to Revolutionize Sales Intelligence with AI
Artificial intelligence-powered sales-intelligence startup OrbitShift has successfully raised $7 million in a seed-funding round led by Peak XV Partners' Surge scale-up programme and Stellaris Venture...
STARTUP-STORIES
Specialty Chemicals Platform Distil Raises $3.1 Million in Seed Funding Round
Specialty chemicals platform Distil has secured $3.1 million in a seed funding round led by Jungle Ventures and India Quotient, with additional participation from other investors and industry operator...
STARTUP-STORIES
Go Zero Secures $1.5 Million in Funding to Expand Operations and Launch New Flavors
Mumbai, June 19, 2024** – Ice cream maker Go Zero has successfully raised $1.5 million in funding from existing investors DSG Consumer Partners, Saama Capital, and V3 Investors. This new injection of ...
STARTUP-STORIES
Supermoney Raises $3.4 Million in Series A Funding to Fuel Growth and Innovation in SME Digital Lending
Supermoney, a digital lending platform focused on providing working capital solutions to small and medium-sized enterprises (SMEs), has successfully raised $3.4 million (INR 28.6 Crores) in a Series A...
STARTUP-STORIES
8X Ventures Announces First Close of Second Deeptech Fund at Rs 200 Crore
Early-stage venture capital firm 8X Ventures has announced the first close of its second India-focused deeptech fund at Rs 200 crore, including an additional Rs 100 crore as a green shoe option. This ...
STARTUP-STORIES
Fintech Startup POP Secures $2.4 Million in Seed Funding, Gains NPCI Approval for UPI Payments
Bengaluru-based fintech startup POP has successfully raised $2.4 million in a seed funding round led by India Quotient, with participation from prominent angel investors. The startup also announced it...
STARTUP-STORIES
Aditya Birla Group’s TMRW House of Brands Invests Rs 125 Crore in Men’s Wear Brand Wrogn
Mumbai, June 19, 2024 ,TMRW House of Brands, an ecommerce rollup venture owned by the Aditya Birla Group, has announced a significant investment of Rs 125 crore in Wrogn, the men's wear brand co-found...
STARTUP-STORIES
AI Search Startup Genspark Secures $60 Million in Seed Funding to Challenge Google's Dominance
Genspark, an innovative artificial intelligence search startup founded by former Baidu executives, has successfully raised $60 million in an oversized seed funding round. The funding was led by Singap...
STARTUP-STORIES
The Pant Project Secures $4.25 Million in Maiden Funding Round Led by Sorin Investments
The Pant Project, a fashion brand specializing in custom-made and ready-to-wear pants, has successfully raised $4.25 million in its first funding round. The round was led by Sorin Investments, an earl...
STARTUP-STORIES
Alyve Health Secures $5.5 Million to Enhance Platform and Expand Operations
Mumbai, India Health tech startup Alyve Health has announced raising $5.5 million from investors to drive initiatives in platform enhancement, talent acquisition, and operational expansion. This fundi...
STARTUP-STORIES
Generative AI Startup Ayna Raises $1.5 Million Led by Inflexor Ventures to Revolutionize Product Photography
Generative artificial intelligence (AI) startup Ayna, specializing in product photography, has successfully raised $1.5 million in a funding round led by Inflexor Ventures. The Bengaluru-based company...
STARTUP-STORIES
Maxim AI Secures $3 Million Funding Round Led by Elevation Capital to Enhance AI Application Evaluation Platform
San Francisco-based Maxim AI, a cutting-edge platform dedicated to helping developers evaluate and monitor their artificial intelligence applications, has successfully raised $3 million in a funding r...
STARTUP-STORIES
GreyLabs AI Secures $1.5 Million in Funding to Revolutionize Financial Institution Analytics
Mumbai-based GreyLabs AI, a speech analytics platform designed for financial institutions, has successfully raised $1.5 million in a funding round led by Matrix Partners India. The funding round also ...
STARTUP-STORIES
Z21 Ventures Fully Deploys First Fund, Plans $40 Million Second Fund
California-based early-stage investment firm Z21 Ventures, which supports startups in India and those founded by Indian-origin entrepreneurs in the US, has fully deployed its initial $5 million fund. ...
STARTUP-STORIES
Prosperr.io Secures $1.55 Million Pre-Seed Funding to Revolutionize AI-Powered Tax Solutions
Prosperr.io, a startup specializing in artificial intelligence-enabled income tax solutions, has announced the successful closure of its $1.55-million pre-seed round. The funding was led by Silicon Va...
STARTUP-STORIES
Oyo in Advanced Talks to Raise Rs 1,000 Crore, Eyes Significant Growth and Expansion
Hospitality startup Oyo is on the verge of securing around Rs 1,000 crore ($120 million) in debt funding from the family offices of top Indian corporate executives and stock market experts, according ...
STARTUP-STORIES
Games24x7 Reports Robust Growth in FY23 Despite Rising Expenses and Tax Challenges
Real money gaming (RMG) firm Games24x7 has reported impressive financial growth for the fiscal year ending March 2023. The company's operating revenue surged by over 70% to reach Rs 1,988 crore, compa...
STARTUP-STORIES
Centre Approves ₹50 Lakh Grants for Seven Startups in Technical Textiles Sector
In a significant move to drive innovation in the textiles sector, the Centre has approved grants of ₹50 lakh each for seven startups under the National Technical Textiles Mission (NTTM). This initiati...
STARTUP-STORIES
Amazon Invests $230 Million in AI Startups through AWS Credits
Amazon has announced a significant investment of $230 million in the form of Amazon Web Services (AWS) credits to support artificial intelligence (AI) startups. This initiative is part of a broader st...
STARTUP-STORIES
South Park Commons Expands to Bengaluru, Collaborates with Flipkart Co-founder Binny Bansal
South Park Commons (SPC), a renowned community of founders and engineers that operates an early-stage venture fund, has launched its first international outpost in Bengaluru. This marks SPC's expansio...
STARTUP-STORIES
Renee Cosmetics Raises Rs 100 Crore in Series B Funding, Aiming to Expand Product Portfolio and Strengthen Omnichannel Presence
Mumbai, June 15, 2024 — New-age beauty brand Renee Cosmetics has successfully raised Rs 100 crore in its Series B funding round, led by existing investors Evolvence India and Edelweiss Group. This lat...
STARTUP-STORIES
360 One WAM Acquires ET Money for $44 Million, Expands into Wealth Tech for the Masses
In a strategic move poised to reshape India's wealth management landscape, 360 One WAM, the nation’s largest wealth manager focused on ultra-high-net-worth individuals, has announced the acquisition o...
STARTUP-STORIES
Jupiter Secures RBI's Prepaid Payments Instrument Licence, Set to Revolutionize Digital Wallet Services
Bengaluru, June 12, 2024 — In a significant development for the neobanking sector, Tiger Global and Peak XV Partners-backed startup Jupiter has obtained a prepaid payments instrument (PPI) licence fro...
STARTUP-STORIES
Skye Air Takes Flight with $4 Million Funding to Revolutionize Last-Mile Delivery
Gurugram, India - Drone delivery leader Skye Air has soared to new heights with a successful $4 million funding round. This investment, led by Mount Judi Ventures alongside prominent names like Chirat...
STARTUP-STORIES
Finsall Secures Rs 15 Crore in Bridge Funding to Fuel Growth in Insurance Premium Financing
Bengaluru, Karnataka - Insurtech startup Finsall has secured Rs 15 crore in a bridge funding round, led by Unicorn India Ventures and SEA Fund. This fresh injection of capital will propel Finsall's mi...
STARTUP-STORIES
Foxtale Raises $18 Million in Funding Round Led by Panthera Growth Partners
Direct-to-consumer (D2C) skincare firm Foxtale has successfully raised $18 million (Rs 150 crore) in a funding round led by Singapore-based Panthera Growth Partners. This round also saw participation ...
STARTUP-STORIES
Purplle Secures $100M Funding Led by ADIA Amid Rising Beauty Market Demand
Mumbai-based beauty retailer Purplle has successfully raised $100 million in a funding round led by Abu Dhabi’s sovereign fund ADIA, valuing the company at approximately $1.2-1.3 billion. This marks a...
STARTUP-STORIES
Battery Smart Raises $65 Million to Accelerate EV Infrastructure in India
Battery-swapping services provider Battery Smart has secured $65 million (Rs 543 crore) in a funding round led by South African private equity firm LeapFrog Investments, achieving a valuation of $340 ...
STARTUP-STORIES
Ola Electric Secures SEBI Nod for India's First EV Startup IPO
Ola Electric has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), marking a significant milestone as the first electric vehicle (EV) star...
STARTUP-STORIES
Zomato Infuses Rs 300 Crore into Quick Commerce Business Blinkit Amid Intensifying Competition
Gurgaon-based food delivery giant Zomato has injected fresh capital of Rs 300 crore into its quick commerce business Blinkit, according to a recent regulatory filing with the Registrar of Companies (R...
STARTUP-STORIES
Clean Motion's Indian Arm Raises $1 Million in Seed Funding
Clean Motion, a Swedish electric vehicle (EV) maker, has announced that its Indian subsidiary has secured $1 million in seed funding from India Accelerator-backed micro venture capital (VC) firm Finvo...
STARTUP-STORIES
Union Minister Ashwini Vaishnaw Pledges to Propel India’s Semiconductor and Electronics Manufacturing
New Delhi, June 10, 2024 – Union Minister Ashwini Vaishnaw on Tuesday reaffirmed the Indian government's commitment to advancing its tech-driven agenda, focusing on cementing India's leadership in sem...
STARTUP-STORIES
Deepika Padukone’s D2C Personal Care Brand 82°E to Raise Rs 50 Crore
Bollywood actor Deepika Padukone's direct-to-consumer (D2C) personal care startup, 82°E, is set to raise Rs 50 crore (approximately $6 million) from both new and existing investors. According to a reg...
STARTUP-STORIES
Kissflow Restructures Workforce, Lays Off 11% of Employees Amid Global SaaS Slowdown
Chennai-based workflow automation software provider Kissflow has announced a significant organizational restructuring, resulting in the layoff of approximately 45 employees, representing 11% of its wo...
STARTUP-STORIES
Arthan Finance Secures Rs 50 Crore in Series B Funding to Fuel Expansion and Technological Advancements
Arthan Finance, a non-banking financial company (NBFC) specializing in loans for self-employed nano and micro entrepreneurs, has successfully raised Rs 50 crore in Series B funding. This funding round...
STARTUP-STORIES
Ixigo IPO Oversubscribed by Retail Investors Within Hours of Launch
Le Travenues Technology, the parent company of online travel platform Ixigo, witnessed an overwhelming response to its initial public offering (IPO) from retail subscribers, with oversubscriptions rea...
STARTUP-STORIES
Fintech Firm One97 Communications Announces Layoffs Amid RBI Ban on Paytm Payments Bank
In a recent development, One97 Communications, the owner of the Paytm brand, has initiated layoffs affecting an undisclosed number of employees. The company is offering outplacement support to ensure ...
STARTUP-STORIES
Hocco Raises Rs 100 Crore to Expand Manufacturing and Penetrate New Markets
Ahmedabad-based new-age ice cream brand Hocco has successfully raised Rs 100 crore ($12 million) in a funding round led by its promoter group, the Chona family, and existing investor Sauce VC. The rou...
STARTUP-STORIES
Hero MotoCorp Invests Rs 124 Crore in Ather Energy, Strengthens Stake in Electric Scooter Market
In a strategic move to consolidate its position in the burgeoning electric vehicle market, two-wheeler giant Hero MotoCorp has invested Rs 124 crore into Ather Energy. This investment has increased He...
STARTUP-STORIES
Prosus' 10% Stake in Byju's Deemed Worthless by HSBC Amid Cash Crunch and Legal Battles
In a significant development, Dutch-listed technology investment firm Prosus' nearly 10% stake in Indian edtech giant Byju's has been deemed worthless by HSBC. This assessment reflects the deepening c...
STARTUP-STORIES
Maino.ai Secures $1.8 Million in Funding to Expand and Innovate Digital Marketing Solutions
Digital marketing technology platform Maino.ai announced on Thursday that it has successfully raised $1.8 million (about Rs 15 crore) in a funding round led by India Quotient Advisers LLP. The investm...
STARTUP-STORIES
Nvidia's Market Value Surpasses $3 Trillion Amidst Soaring Demand for AI Chips
Nvidia's stock price has more than doubled this year, following a spectacular tripling in 2023, positioning it as the third most valuable company in the S&P 500. On Wednesday, Nvidia's stock rose agai...
STARTUP-STORIES
BIGGUYS Secures $2 Million Investment from NRIs to Expand Across South India
BIGGUYS, India's fastest-growing homegrown chicken QSR chain, has secured a significant investment of $2 million (over Rs. 16.62 crore). This investment, a mix of equity and other instruments, comes e...
STARTUP-STORIES
Fibe Secures $90 Million Funding Despite Challenging Market, Aims for Growth
Fibe, a Pune-based consumer lending platform previously known as EarlySalary, has secured $90 million in a fresh round of funding. This achievement comes amidst a tough market for fintech startups off...
STARTUP-STORIES
Absolute Sports, a Nazara Subsidiary, Acquires SoapCentral for $1.4 Million
Absolute Sports, a subsidiary of Nazara Technologies, a prominent media and gaming company listed on the stock exchange, has announced the acquisition of SoapCentral.com for $1.4 million (approximatel...
STARTUP-STORIES
ixigo Gears Up for IPO Next Week, Aims to Fuel Growth and Tech Investments
Online travel aggregator ixigo's parent company, Le Travenues Technology, is set to launch its initial public offering (IPO) next week. Here's a breakdown of the key details and strategic implications...
STARTUP-STORIES
Cisco launches $1 Billion AI Fund, Announces Initial Investments
Tech giant Cisco has announced a significant move in the field of Artificial Intelligence (AI) by launching a dedicated $1 billion investment fund. This strategic initiative positions Cisco as a major...
STARTUP-STORIES
InsuranceDekho to Acquire Majority Stake in Credit Card Distributor BankSathi
InsuranceDekho, a leading insurance marketplace, is poised to acquire a majority stake in BankSathi, a credit card and personal loan distributor. This strategic move signifies InsuranceDekho's expansi...
STARTUP-STORIES
Digital astrology consulting platform Astrotalk Raises $9.4 Million in Ongoing Funding Round
Noida-based digital astrology consulting platform, Astrotalk, has successfully raised $9.4 million in an ongoing funding round. This infusion comes from existing investor Left Lane Capital and new inv...
STARTUP-STORIES
Deep Tech Startups Eye Dedicated Policy Boost in Upcoming Budget
The Indian government is considering a dedicated policy for deep tech startups in the upcoming budget, aiming to fuel innovation and economic growth. Here's a breakdown of the key points:Policy Propos...
STARTUP-STORIES
PB Fintech Allots 4.83 Million New Shares Under Employee Stock Option Plan
PB Fintech, the parent company of PolicyBazaar and Paisabazaar, has made a significant move by allotting 4,830,740 new shares under its Employee Stock Option Plan (ESOP). This development was official...
STARTUP-STORIES
Country Delight Secures $9 million Funding from Alteria Capital, Poised for Unicorn Status
In a significant milestone underscoring its rapid growth and market presence, dairy brand Country Delight has successfully raised Rs 76 crore ($9 million) through a strategic combination of debt and e...
STARTUP-STORIES
Oxyzo Reports Impressive FY24 Results Operating Revenue Surges by 59% to Reach Rs 903 Crore, Net Profit Stands at Rs 290 Crore
Oxyzo Financial Services, the B2B lending arm of the unicorn OfBusiness, has emerged as a significant player in its own right. Here's a breakdown of key financials and strategic insights:Financial Per...
STARTUP-STORIES
Infra.Market Secures $20 Million for Subsidiary RDC Concrete, Focuses on Growth and Sustainability
Infra.Market, a leading construction materials provider, has announced a successful funding round for its subsidiary RDC Concrete. Here's a breakdown of the key details and strategic implications:RDC ...
STARTUP-STORIES
Adani One Superapp Achieves Rs 750 Crore in Gross Sales for FY24
The Adani Group's superapp, Adani One, has achieved initial success in its first year of operation. Here's a breakdown of key points and future plans:Growth and User Base:GMV (Gross Merchandise Value)...
STARTUP-STORIES
Reliance Retail Launches ONDC Pilot Through Fynd Platform
Reliance Retail Ventures Limited (RRVL), India's retail giant, is dipping its toes into the government-backed Open Network for Digital Commerce (ONDC) through a pilot program. This move signifies a po...
STARTUP-STORIES
Technosport Secures $25 Million Investment Boost from A91 Partners for Sports Apparel Expansion
Bengaluru-headquartered Techno Sportswear has secured $25 million (about Rs 208 crore) from investment fund A91 Partners, marking its first fundraising round. The company, known for its Technosport br...
STARTUP-STORIES
Avendus Raises $350 Million for Late-Stage Startups with New Future Leaders Fund III
Avendus, a prominent Indian financial services firm, has launched its third Future Leaders Fund (FLF) with a target corpus of $350 million (INR 3,000 Cr). This fund aims to invest in high-growth, late...
STARTUP-STORIES
Ola migrates IT workload from AWS and Azure to Krutrim Cloud, offering free services to developers.
Ride-hailing giant Ola is making a significant shift by migrating its IT workload from cloud giants Amazon Web Services (AWS) and Microsoft Azure to its own cloud platform, Krutrim. However, experts b...
STARTUP-STORIES
Vegapay Secures $5.5 Million to Streamline Credit Card and Lending Processes
Vegapay, a business-to-business (B2B)-focused fintech startup, has successfully raised $5.5 million in an equity funding round led by Elevation Capital, with existing investor Eximius Ventures also pa...
STARTUP-STORIES
Razorpay Unveils Q-Zap A New Solution for Accelerating Offline Billing
Razorpay, a leading digital payments company in India, has launched a revolutionary new service called Q-Zap. This innovative solution aims to transform the way offline payments are processed, enhanci...
STARTUP-STORIES
Bluestone Poised to Achieve Unicorn Status in Pre-IPO Funding Round
Omnichannel jewellery retailer Bluestone is soaring towards a major milestone. They are in talks to raise a staggering $100 million in a pre-IPO round, potentially valuing the company over $1 billion ...
STARTUP-STORIES
Cloover Secures $114 Million to Empower Smaller Renewable Energy Installers
Cloover, a rising star in the German climate tech scene, has secured a significant $114 million in seed funding. This investment, led by Lowercarbon Capital, empowers smaller renewable energy installe...
STARTUP-STORIES
Turno Raises $6 million in Latest Funding Round to Drive Expansion
Bengaluru-based commercial electric vehicle (EV) distribution and financing startup, Turno, has successfully raised $6 million from both new and existing investors. This funding round comes after a 15...
STARTUP-STORIES
Zypp Electric Gears Up for Growth with $15 Million Fundraise and International Expansion Plans
Zypp Electric, a leading electric vehicle (EV) fleet management company in India, has secured $15 million in fresh funding led by Japanese energy giant Eneos Corporation. This investment fuels Zypp's ...
STARTUP-STORIES
CCI Extends AI Impact Study Bidding Deadline to June 18
The Competition Commission of India (CCI) has extended the deadline for submitting bids to conduct a market study on the impact of Artificial Intelligence (AI) on competition. This move signifies the ...
STARTUP-STORIES
Sauce VC Ups Investment Game with Rs 250 Crore Fund for Early-Stage Consumer Brands
Consumer-focused venture capital firm Sauce VC is raising its game with a new Rs 250 crore fund, targeting early-stage consumer brands in India. This marks their third fund and signifies their growing...
STARTUP-STORIES
IIT Madras Launches First-Ever Sports Tech Incubator in India
IIT Madras, a premier Indian institute of technology, is making a significant stride in bridging the gap between technology and sports. They are launching India's first-ever sports tech incubator to n...
STARTUP-STORIES
Nazara Technologies’ Q4 net profit dropped 98% to INR 18 Lakh, with significant impairments and a 17% revenue decline
Nazara Technologies, a leading Indian gaming and esports company, reported a significant decline in profitability for the fourth quarter of FY24 (January-March 2024). Here's a breakdown of the key poi...
STARTUP-STORIES
Urban Company Employees Cash In: Rs 203 Crore Esop Buyback Fuels Growth
Urban Company, the leading at-home services platform in India, announced its largest employee stock ownership plan (Esop) secondary sale program worth Rs 203 crore (around $25 million). This move high...
STARTUP-STORIES
Bengaluru Startup Developing Silicon Alternatives for Chips to Scale Up Production
NoPo Nanotechnologies, a Bengaluru-based company, is making waves in the nanotechnology space with its development of single-walled carbon nanotubes (SWCNTs). This advanced material has the potential ...
STARTUP-STORIES
Navi Finserv Secures Rs 150 Crore Through NCDs, Raising Questions About IPO Plans
Sachin Bansal's Navi Finserv has raised Rs 150 crore through non-convertible debentures (NCDs) from individual investors. This development comes amidst Navi's previous attempts at securing larger fund...
STARTUP-STORIES
Finvolve Raises Rs 100 Crore in First Fund Closing Aims to Be B2B Angel Investment Powerhouse
Finvolve, a Mumbai-based angel investment firm, has successfully closed its first two funds, reaching a total corpus of Rs 100 crore. This marks a significant development in India's angel investment l...
STARTUP-STORIES
Byju's Faces Financial Penalties Over Missing $533 Million: A Legal Tussle Heats Up
Think & Learn Pvt, the parent company of Indian education technology giant Byju's, is embroiled in a legal battle concerning $533 million in missing funds. A US judge has imposed financial penalties o...
STARTUP-STORIES
Delhivery Shares Plunge 10% Following INR 69 Cr Loss in Q4
Delhivery's Q4 FY24 results were a mixed bag, causing their stock price to dip significantly. Here's a breakdown of the key points:Financials:Loss Narrowed YoY: Delhivery reported a net loss of ₹96.2 ...
STARTUP-STORIES
Caret Capital Launches Caret360 Accelerator: Empowering Early-Stage Startups
Caret Capital, a venture capital firm focused on sustainability, has announced the launch of Caret360 Accelerator. This program aims to empower early-stage startups with the resources and guidance the...
STARTUP-STORIES
IVY Growth Associates Launches Rs 250 Crore Venture Capital Fund Named Arigato Capital
IVY Growth Associates, a leading micro venture capital firm, is branching out with the launch of Arigato Capital. This new fund signifies IVY's commitment to nurturing innovation across diverse sector...
STARTUP-STORIES
Upstox Enters Insurance Distribution through Partnership with HDFC Life
Upstox, the Ratan Tata-backed fintech platform, is expanding its reach beyond stocks and mutual funds. The company has announced a strategic partnership with HDFC Life, a leading insurance provider, t...
STARTUP-STORIES
Flipkart Unveils Flipkart IRIS: A New Insights Platform for Brands
Flipkart, a leading Indian e-commerce platform, has launched Flipkart IRIS (Insights and Research Intelligence System). This innovative platform aims to revolutionize how brands understand and engage ...
STARTUP-STORIES
Government Asserts FAME-II Guidelines Were Clear, Claims Companies Defaulted Knowingly
The Indian government is taking a stricter stance on the alleged misuse of subsidies under the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) scheme. Here's a quick breakdow...
STARTUP-STORIES
Nikhil Kamath and Manyavar Family Office to Join A91 Partners in Rare Rabbit’s ₹500 Crore Funding Round
New-age men's fashion brand Rare Rabbit is making waves in the industry with its impressive growth and strategic funding round. The Bengaluru-based company is poised to become a major player in the pr...
STARTUP-STORIES
Chief Economic Advisor Urges AI Education and Enhanced Healthcare for Youth to Secure India's Economic Future
Anantha Nageswaran, Chief Economic Advisor to the Finance Ministry, has emphasized the critical need for India to prepare its youth for the transformative power of Artificial Intelligence (AI). Here's...
STARTUP-STORIES
Snapdeal Founder Urges Government to Ramp Up Financial Backing for Startups Amidst Economic Growth
Calls for increased government support for Indian startups have emerged amidst concerns about a funding slowdown in the ecosystem. Here's a breakdown of the key points raised by industry leaders:Need ...
STARTUP-STORIES
Go Digit IPO Soars with Over 9x Subscription, Led by Institutional Investors
Go Digit General Insurance, a Bengaluru-based insurtech startup, has witnessed a strong showing in its initial public offering (IPO). Here's a breakdown of the key details and investor interest:Subscr...
STARTUP-STORIES
Delhivery Boosts ESOP Pool: Adds 75,000 More Stock Options for Employees
Delhivery, a leading Indian logistics company, has made significant announcements regarding employee incentives, a new business venture, and financial results. Here's a breakdown of the key developmen...
STARTUP-STORIES
OYO Prepares for IPO Relaunch with Refinancing Plans Nearing Completion
SoftBank-backed hospitality tech giant OYO is gearing up for a renewed push towards its initial public offering (IPO). Here's a breakdown of the key developments:IPO Relaunch and Refinancing:OYO is re...
STARTUP-STORIES
Ola Cabs' CFO Kartik Gupta exits amid restructuring following CEO's departure
Ola Cabs, India's leading ride-hailing platform, is undergoing a leadership shakeup and strategic shift. Here's a breakdown of the key developments:CFO Departure and Restructuring:Kartik Gupta, Ola Ca...
STARTUP-STORIES
"Late-Stage Startup Funding Skyrockets Triplefold in April"
Indian startup funding trends show contrasting patterns in different stages, according to data from Tracxn. Here's a breakdown of the key findings and expert insights:Late-Stage Funding Surge:Late-sta...
STARTUP-STORIES
Infurnia Secures $1.2 Million in Angel Funding to Boost Design Software and Market Reach
Infurnia, a Bengaluru-based design software startup, has secured fresh funding to fuel its growth ambitions. Here's a breakdown of the key details and industry context:Funding Details:Infurnia raised ...
STARTUP-STORIES
SoftBank Eyes Indian Data Centers and Robotics for AI Push
SoftBank, the Japanese investment giant, is setting its sights on India's growing potential in artificial intelligence (AI). Here's a breakdown of their investment strategy and target sectors:Focus on...
STARTUP-STORIES
Flipkart Mulling Reverse Flip to India With IPO on the Horizon
E-commerce giant Flipkart is considering a move that could significantly impact the Indian startup landscape: returning its domicile to India. Here's a breakdown of the key factors and potential impli...
STARTUP-STORIES
Government to Launch Unified Portal for Digital Public Goods (DPGs)
The Indian government is taking a significant step towards simplifying access to its digital services by creating a unified portal for Digital Public Goods (DPGs). Here's a breakdown of the key aspect...
STARTUP-STORIES
Zomato Streamlines Audit Process: Subsidiaries' Auditor Resigns to Facilitate Deloitte Appointment
Zomato, the leading Indian food delivery platform, announced a change in its subsidiaries' audit process. Here's a breakdown of the key details:Auditor Resignation:Batliboi & Associates, the current s...
STARTUP-STORIES
Ola Group to Migrate from Microsoft Azure to Krutrim Cloud After LinkedIn Post Removal
In a significant move, the Ola Group, encompassing ride-hailing giant Ola Cabs and electric vehicle (EV) manufacturer Ola Electric, is severing ties with Microsoft Azure cloud services. Here's a break...
STARTUP-STORIES
Hanooman: India's Own GenAI Platform Now Available in 98 Languages
India has taken a significant step towards making AI technology more accessible with the launch of Hanooman, a "largest multilingual and affordable GenAI platform." Here's a breakdown of the key featu...
STARTUP-STORIES
Accel's Prashanth Prakash: 90% of Indian Retail Market to Stay Offline
The Indian retail landscape is witnessing a significant shift, with direct-to-consumer (D2C) brands exploring strategic expansion beyond their online roots. Here's a breakdown of the key trends:Domina...
STARTUP-STORIES
Aditya Birla Finance and Others Possibly Utilize Paytm's Loan Guarantees
Paytm, the leading Indian fintech company, is facing challenges in its lending business. Here's a breakdown of the key issues:Loan Guarantee Invocation: Aditya Birla Finance (ABFL), a key Paytm lendin...
STARTUP-STORIES
Shiprocket Expands Beyond Shipping: Targeting Growth in Marketing, Sourcing & Seller Services
Shiprocket, a leading e-commerce enablement startup, is embarking on a strategic expansion beyond its core shipping services. This move aims to capture a larger share of the online seller value chain ...
STARTUP-STORIES
Elon Musk's AI Startup X.AI Nears $18 Billion Valuation in Funding Round
Elon Musk's artificial intelligence (AI) venture, X.AI Corp., is reportedly on the verge of closing a significant funding round. Here's a breakdown of the key details:Potential Valuation:X.AI is poise...
STARTUP-STORIES
Adobe Sensei GenAI strives to empower businesses to provide outstanding customer experiences.
In today's experience-driven economy, customer experience (CX) is a key differentiator for businesses. Adobe is at the forefront of innovation with Adobe Sensei GenAI, a new generative AI technology d...
STARTUP-STORIES
Mindgrove Unveils India's First Homegrown Microcontroller Chip
A momentous occasion for India's technological independence is on the horizon. Mindgrove Technologies, an IIT-Madras incubated startup, has successfully developed and received its first indigenously d...
STARTUP-STORIES
QUE Eyewear Partners with Cricketer Shikhar Dhawan for Brand Launch and Growth
QUE, a rising star in the eyewear industry, has announced a strategic collaboration with renowned Indian cricketer Shikhar Dhawan. This partnership marks a significant moment for QUE as they prepare f...
STARTUP-STORIES
Superplum Secures $15 Million to Transform India's Fresh Fruit Market
Superplum, a leading agritech startup focused on premium fresh fruits, has secured a significant investment of $15 million in its Series A funding round. This capital injection will fuel the company'...
STARTUP-STORIES
Paytm Stock Dips Following COO Bhavesh Gupta's Resignation
Shares of One 97 Communications Ltd. (Paytm), the company behind the popular fintech platform, opened lower on Monday following the news of Chief Operating Officer (COO) and President Bhavesh Gupta's ...
STARTUP-STORIES
Zaggle Block Deal: 22.27 lakh shares, worth ₹67.3 crore, changed hands at ₹302 apiece in block deals
Zaggle Prepaid Ocean Services Ltd. (ZPOSL), a B2B SaaS fintech company, recently witnessed a block deal involving 22.27 lakh shares (1.8% of equity) worth over ₹67.3 crore. While the specific buyers a...
STARTUP-STORIES
Zoho CEO Sridhar Vembu Emphasizes Value of Staying Private Despite FY23 Growth
Sridhar Vembu, the visionary CEO of Zoho Corporation, a leading provider of cloud-based software solutions, recently sparked a conversation on social media regarding the advantages of remaining a priv...
STARTUP-STORIES
From Humble Beginnings to Shark Tank Success: Ankush Barjata's Deeva Revolutionizes Saree Industry
Ankush Barjata's story is an inspiring tale of perseverance and entrepreneurial spirit. This young man from a small village in Himachal Pradesh has carved a niche for himself in the online saree indus...
CEO STORIES
Good Capital Targets $25 Million Investment in Indian AI Startups Empowering Intermediaries
Good Capital, a prominent venture capital firm based in Mauritius, has announced a strategic investment plan focusing on Indian Artificial Intelligence (AI) startups. This initiative aims to inject $2...
STARTUP-STORIES
Tata Technologies Q4 Profit Drops 27.4% YoY, Revenue Grows Marginally
Tata Technologies (Tata Tech), a leading engineering solutions company, reported a decline in net profit for the January-March quarter of FY24. Here's a breakdown of the key financial highlights:Profi...
STARTUP-STORIES
Plotline Secures $2.6 Million Seed Funding to Personalize App Experiences for Consumer Brands
Plotline, a rising enterprise tech startup, has secured $2.6 million in seed funding from prominent venture capital firm Elevation Capital. This investment fuels Plotline's mission to revolutionize us...
STARTUP-STORIES
Healthtech Unicorn Innovaccer in Funding Talks with Kaiser Permanente for $200-$250 Million
Innovaccer, a leading healthtech unicorn, is reportedly engaged in negotiations with Kaiser Permanente, a major US health insurance and healthcare provider. These discussions center around a potential...
STARTUP-STORIES
Wipro Wins Multi-Million Dollar Deal to Transform Nokia's Digital Workplace Services with AI-Powered Support
Wipro Limited, a leading global information technology services company, has secured a significant multi-million dollar deal with Nokia to revolutionize the telecommunications giant's employee service...
STARTUP-STORIES
Dexif Secures $4 Million to Democratize Fixed-Income Investments in India
Dexif, a fintech startup led by former Blinkit executive Deepank Bhandari, has secured $4 million in seed funding from existing investor RTP Global. This fresh capital injection will fuel Dexif's miss...
STARTUP-STORIES
Kogo AI Unveils Kogo OS: A Platform to Build Universal AI Agents
Bengaluru-based startup Kogo AI is poised to revolutionize the artificial intelligence (AI) landscape with the launch of its highly anticipated platform, Kogo OS. This innovative solution leverages la...
STARTUP-STORIES
Groww Obtains Payment Aggregator License, Expands Financial Services Portfolio
Fintech unicorn Groww has secured a significant milestone with the Reserve Bank of India (RBI) granting its bill payments platform, Groww Pay Services, a payment aggregator (PA) license. This authoriz...
STARTUP-STORIES
"BluSmart, Supported by BlackSoil, Achieves INR 500 Cr ARR in FY24, Targets 10,000 EV Fleet by 2024"
BluSmart, a ride-hailing service focusing exclusively on electric vehicles (EVs), is revving its engine for growth. The company recently announced a significant increase in revenue, solidifying its po...
STARTUP-STORIES
PharmEasy Secures INR 1804 Cr in Down Round Led by Manipal Group Chairman's Family Office
PharmEasy, India's leading online pharmacy platform, has raised INR 1,804 crore ($216.2 million) in a down round of funding. This development comes just over a month after the Competition Commission o...
STARTUP-STORIES
Assert AI Secures $4 Million in Funding, Democratizes Access to AI-powered Video Analytics
Assert AI, a leading enterprise technology startup specializing in computer vision solutions, has successfully secured $4 million in Series A funding. This investment round was co-led by prominent fig...
STARTUP-STORIES
CII Unveils Corporate Governance Charter for Startups, Emphasizes Transparency and Growth
In a move designed to strengthen India's burgeoning startup ecosystem, the Confederation of Indian Industry (CII) has launched a comprehensive Corporate Governance Charter for Startups. This initiativ...
STARTUP-STORIES
Yes Bank Rides Paytm Partnership Wave, UPI Transactions Surge 50%
Yes Bank, a leading Indian private sector bank, is experiencing a significant boost in its Unified Payments Interface (UPI) transactions following its collaboration with fintech giant Paytm. This stra...
STARTUP-STORIES
Wibmo, Owned by PayU, Gears Up for Growth with Payment Gateway Solutions and Strategic Initiatives
Wibmo, a leading online payments processor owned by PayU, is making significant strides in the digital payments landscape. As per a recent report by ET, Wibmo is actively developing a comprehensive pa...
STARTUP-STORIES
Capria Ventures Closes India Opportunity Fund at Rs 153 Crore, Announces Successful Exit from Awign
Capria Ventures, a leading early-stage investment firm, has successfully concluded fundraising for its India Opportunity Fund, securing a total of Rs 153 crore (approximately $19 million). This achiev...
STARTUP-STORIES
Swiggy Gets Shareholder Nod for $1.25 Billion IPO, Gears Up for Public Listing
Swiggy, the leading Indian food and grocery delivery platform based in Bengaluru, has received a crucial green light from its shareholders for a much-anticipated initial public offering (IPO). This mo...
STARTUP-STORIES
Open Network for Digital Commerce (ONDC) Eyes Media Platforms for E-commerce Expansion
The Open Network for Digital Commerce (ONDC), a government-backed initiative aiming to democratize e-commerce in India, is exploring new avenues for growth. According to a report by Moneycontrol, ONDC...
STARTUP-STORIES
KARBAN Envirotech Secures $1.07 Million to Revolutionize Airflow Appliances
KARBAN Envirotech, a rising star in the energy-efficient appliance sector, has successfully secured $1.07 million (INR 8.93 crore) in a seed funding round. This investment, co-led by prominent venture...
STARTUP-STORIES
PhonePe Doubles Down on Diversification, Investing Over Rs 800 Crore in Subsidiaries
PhonePe, the leading player in India's Unified Payments Interface (UPI) market, is making significant strides towards becoming a comprehensive financial services platform. According to a report by The...
STARTUP-STORIES
Allen NExT Faces Challenges After Layoffs and Student Dissatisfaction
Allen Career Institute, a leading name in exam coaching, has encountered difficulties with its postgraduate medical test preparation wing, Allen NExT. The institute reportedly laid off 60-70 employees...
STARTUP-STORIES
Indian VC Investment Doubles in Q1 2024, Bucking Global Downturn
Venture capital (VC) investment in India displayed remarkable resilience in the first quarter (Q1) of 2024, according to a new report by KPMG Private Enterprise Venture Pulse. This stands in stark con...
STARTUP-STORIES
The Derma Co by Mamaearth's Parent Company Achieves Rs 500 Crore ARR in Active Ingredient Skincare
Honasa Consumer, the powerhouse behind the popular beauty brand Mamaearth, has announced a significant milestone for its subsidiary, The Derma Co. This active ingredient-focused skincare brand has ach...
STARTUP-STORIES
Dhruva Space Secures $9.4 Million to Fuel Spacecraft Manufacturing and Expansion
Dhruva Space, a prominent player in India's spacetech sector, has successfully secured $9.4 million (Rs 78 crore) in funding. This latest round, comprising a mix of equity and debt, will significantly...
TRENDING NEWS
Digantara Inaugurates Global HQ, Bolstering Space Situational Awareness Capabilities
Digantara, a pioneering spacetech startup focused on space situational awareness (SSA), recently inaugurated its global headquarters in Bengaluru, India. This state-of-the-art facility marks a signifi...
STARTUP-STORIES
Zomato Faces Fresh Tax Demand of Rs 11.82 Crore, Expects No Financial Impact
Zomato, the leading Indian food delivery company, has been hit with another tax demand. This time, the company faces a demand and penalty order totalling Rs 11.82 crore related to Goods and Services T...
TRENDING NEWS
Wow! Momo Secures Additional $9 Million in Extended Series D Funding
In a move that has many foodies salivating, popular quick-service momo chain Wow! Momo has secured an additional $9 million in funding, extending their Series D round. This latest investment comes fro...
STARTUP-STORIES
RupeeRedee's NBFC Arm FincFriends Secures $7.8 Mn in Funding Round
Lucknow, Uttar Pradesh, India - FincFriends, the NBFC arm of digital lending platform RupeeRedee, has secured $7.8 million in a strategic funding round. This mixed debt and equity round was led by InC...
STARTUP-STORIES
Clientell Secures $2.5 Million to Empower Sales Teams with AI-powered Revenue Operations
Clientell, a Bengaluru-based AI startup, has secured $2.5 million in seed funding to revolutionize revenue operations for businesses. This round, led by Blume Ventures, highlights the growing interest...
EDUPRENEUR
Byju's India CEO Arjun Mohan Resigns, Founder Byju Raveendran to Reprise Operational Duties
Byju's, the embattled edtech giant, faces another leadership shakeup with the sudden resignation of Arjun Mohan, CEO of Byju's India. This development comes amidst ongoing financial struggles and inte...
STARTUP-STORIES
Electric Mobility Industry Needs to Move Beyond Subsidies, Says Exponent Energy CEO
The Indian electric vehicle (EV) industry is at a crossroads, with a key player calling for a shift away from reliance on government subsidies. This article explores the evolving landscape of electric...
TRENDING NEWS
Zetwerk Gears Up for Electronics Manufacturing Boom with ₹1,000 Crore Investment
Zetwerk, a leading unicorn in the manufacturing sector, has announced a major ₹1,000 crore investment to solidify its position in India's burgeoning electronics manufacturing industry. This strategic ...
TRENDING NEWS
Meta Trials AI Chatbot "Meta AI" for Indian Users on WhatsApp, Instagram, and Messenger
Social media giant Meta is testing the waters of generative AI with a pilot program in India. Their "Meta AI" chatbot, powered by the LLaMA large language model, is currently being offered to a limite...
TRENDING NEWS
ZeroPe: Ashneer Grover's Return to Fintech with a New Lending Tech Platform
Amidst ongoing turmoil at his previous venture BharatPe, Ashneer Grover, in collaboration with Aseem Ghavri, is set to embark on a new journey in the fintech sector with the launch of ZeroPe. This mar...
TRENDING NEWS
Agritech Startup Dehaat Launches "Honest Farms" Brand, Capitalizing on Consumer Demand for Branded Staples
Dehaat, a prominent B2B agritech platform, has entered the consumer packaged goods (CPG) market with its new brand "Honest Farms." This move reflects a growing trend among venture capital-backed agrit...
TRENDING NEWS
Namma Yatri Expands to Cab Services in Bengaluru, Challenging Subscription Model Landscape
Ride-hailing platform Namma Yatri is making a strategic move in Bengaluru, its largest market, by launching cab services alongside their existing auto-rickshaw offerings. This expansion disrupts the r...
TRENDING NEWS
Reliance Retail's Tira Unveils "Tira Tools" for Discerning Beauty Enthusiasts
Reliance Retail's Tira Beauty, a leading player in the Indian online beauty space, has announced its expansion with the launch of its first in-house brand, "Tira Tools." This strategic move caters to ...
TRENDING NEWS
AutoNxt Secures $3 Million to Revolutionize Indian Agriculture with Self-Driving Electric Tractors
AutoNxt Automation, a Mumbai-based startup pioneering electric and self-driving tractors, has secured $3 million (around INR 24 Cr) in a Pre-Series A funding round. This significant investment paves t...
TRENDING NEWS
Postman Acquires Orbit to Foster API Collaboration Through Developer Communities
Postman, the leading API collaboration platform, has announced the acquisition of Orbit, a community management tool used by software developers. This strategic move strengthens Postman's position by ...
STARTUP-STORIES
NIIF Invests $200 Million to Boost Digital Infrastructure Leader Ibus
The National Investment and Infrastructure Fund (NIIF) has announced a significant investment of $200 million (around Rs 1,660 crore) in Ibus Network and Infrastructure, a leading player in the digita...
TRENDING NEWS
Flipkart Receives Fresh Funding of $170 Million from Singapore Parent Entity
Flipkart Internet, the online marketplace arm of Walmart-backed Flipkart, has secured an additional $170 million (INR 1,421 Cr) in funding from its Singapore-based parent entity. This marks the second...
STARTUP-STORIES
Cornerstone Ventures Raises $200 Million for B2B Enterprise Tech Startups in India
Cornerstone Ventures, a leading venture capital (VC) firm focused on B2B (business-to-business) enterprise technology investments in India, has announced the launch of its second fund. This new fund b...
STARTUP-STORIES
Synapses Launches: $125 Million Fund Backs Climate & Health Tech Innovation
Synapses, a new venture capital firm co-founded by IIT alumni Ruchira Shukla and Karthik Chandrasekar, has entered the scene with a focus on climate tech and health tech startups. This $125 million (a...
STARTUP-STORIES
Sprinto Secures $20 Million to Fuel Growth in Risk & Compliance Automation
Sprinto, a leading risk and compliance automation platform, has secured $20 million in an equity funding round led by Accel. This fresh infusion of capital will empower Sprinto to accelerate its growt...
TRENDING NEWS
Ola & Uber Shift Gears: Subscription Plans for Auto Drivers Shake Up the Market
Ride-hailing giants Ola and Uber are making a strategic shift in India, adopting a subscription-based model for auto-rickshaw drivers. This move mirrors the approach of competitors like Namma Yatri an...
STARTUP-STORIES
Neha Dhupia Invests in Eco-Friendly Dinnerware Brand BlackCarrot, Joining Bollywood's Startup Investment Spree
Popular Bollywood actress Neha Dhupia has joined the growing list of celebrities venturing into the investment world. Dhupia has acquired an equity stake in BlackCarrot, a direct-to-consumer (D2C) din...
EV
Adani and MG Motor Join Forces to Boost India's EV Charging Infrastructure
Adani TotalEnergies E-Mobility Limited (ATEL) and MG Motor India have signed a significant agreement to accelerate the development of electric vehicle (EV) charging infrastructure in India. This colla...
STARTUP-STORIES
Planys Secures $5 Million Funding to Revolutionize Underwater Infrastructure Inspection
Indian deeptech startup Planys Technologies has secured INR 43 Crore (approximately $5 million) in funding to accelerate its mission of revolutionizing infrastructure inspections. This investment will...
TRENDING NEWS
Info Edge Stock Surges: Strong Q4 Performance Leads to Record Highs on Bombay Stock Exchange
Info Edge, a prominent player in India's online services sector, witnessed a remarkable surge in its stock value, reaching a 52-week high of INR 6,234.95 during intraday trading on the Bombay Stock Ex...
TRENDING NEWS
Flipkart introduces bus booking services within its application.
Flipkart, the leading e-commerce giant in India, has expanded its travel offerings with the launch of bus booking services on its app. This move marks a significant step for Flipkart as it strives to ...
TRENDING NEWS
Byju's-Owned Aakash Institute Appoints Deepak Mehrotra as MD & CEO
Byju's-owned Aakash Institute has recently announced the appointment of Deepak Mehrotra as its Managing Director and Chief Executive Officer. With over 35 years of extensive experience in various exec...
STARTUP-STORIES
Filter Capital Raises ₹800 Crore for Growth-Stage Tech Investments in India
Filter Capital, a Mumbai-based investment firm, has successfully closed its first fund, Filter Capital India Fund I, at ₹800 crore (approximately $100 million). This marks a significant milestone for ...
TRENDING NEWS
Dream11 insolvency proceedings halted by NCLAT
The National Company Law Appellate Tribunal (NCLAT) has issued a reprieve for Dream11, India's leading fantasy sports platform. The tribunal has directed the interim resolution professional (IRP) to m...
TRENDING NEWS
Amazon Goes Budget-Friendly: Launches "Bazaar" for Unbranded Products in India
E-commerce giant Amazon has taken a significant step towards capturing a larger share of the Indian market with the launch of its new vertical, "Amazon Bazaar." This initiative marks Amazon's foray in...
EV
Ather Energy Targets Families with Feature-Rich Rizta Electric Scooters
Ather Energy, a leading electric scooter (EV) manufacturer, has set its sights on the family market with the launch of its new Rizta range. Unveiled on Saturday, the Rizta series aims to redefine elec...
TRENDING NEWS
Paytm Parent Grants Stock Options and Equity Shares to Employees
One97 Communications, the parent company of digital payments giant Paytm, announced a grant of stock options and equity shares to its employees on Friday. This move aims to incentivize and reward empl...
TRENDING NEWS
Telangana Joins the Race: Telangana Lures Tesla with Business-Friendly Policies
The battle to attract electric vehicle (EV) giant Tesla to India intensifies as the Telangana government throws its hat in the ring. Industries Minister D Sridhar Babu recently announced ongoing discu...
TRENDING NEWS
This year, Tesla commences manufacturing cars in Germany for export to India.
Electric vehicle (EV) giant Tesla is accelerating its foray into the Indian market. According to Reuters, Tesla has reportedly begun producing right-hand drive (RHD) cars at its factory in Germany, sp...
STARTUP-STORIES
Nivara Home Finance Secures $10 Million to Fuel Growth in Affordable Housing
Bengaluru, Nivara Home Finance, a leading player in affordable housing finance, has secured $10 million (INR 82.4 crore) in a funding round led by Baring Private Equity India. This fresh infusion of ...
TRENDING NEWS
Centre Court Capital Launches ₹350 Crore Fund to Fuel India's Sports and Gaming Boom
Mumbai, April 3, 2024 – A new venture capital fund dedicated to fostering innovation in the Indian sports and gaming industry has arrived. Mumbai-based Centre Court Capital (CCC) has unveiled its maid...
TRENDING NEWS
Head of Risk at Cred Jumps Ship to Merging Fintech Firm Slice
Mumbai, April 3, 2024 – In a significant move within the Indian fintech space, Kunal Kashyap, the former Head of Risk at Cred, has departed to join rival firm Slice. This news comes as Slice prepares ...
STARTUP-STORIES
Tribe Capital appoints Vishesh Khurana, Shiprocket's co-founder, to lead its $250 million India Fund
Bengaluru, Silicon Valley venture capital giant Tribe Capital is making a strategic move to solidify its presence in the booming Indian startup ecosystem. The firm, known for its investments in innov...
STARTUP-STORIES
Luminance Secures $40 Million to Fuel AI-Powered Contract Automation
Cambridge, England, April 3, 2024 – Legal technology leader Luminance has announced securing $40 million in a Series B funding round. This investment, led by Santa Monica venture firm March Capital, w...
TRENDING NEWS
Zomato Faces Rs 184 Crore Service Tax Demand, Plans to Appeal
New Delhi, April 3, 2024 – Zomato, India's leading food delivery platform, has been hit with a significant tax demand from the Indian government. The company received a service tax demand and penalty ...
STARTUP-STORIES
Arch0 Raises $1.25 Million in Pre-Seed Funding Round Led by Leo Capital to Revolutionize Cloud Security
In a significant move towards bolstering cloud security solutions, Arch0, a burgeoning startup, has successfully raised $1.25 million in a pre-seed funding round spearheaded by the esteemed early-stag...
STARTUP-STORIES
The Fresh Press Juices Up Growth with Funding from Nikhil Kamath's Gruhas Collective
Fresh-pressed juice company The Fresh Press has secured an undisclosed amount of equity funding from Gruhas Collective Consumer Fund (GCCF) led by investor Nikhil Kamath. This investment will fuel the...
STARTUP-STORIES
Scrut Automation Secures $10 Million to Fuel Growth in GRC Platform
Scrut Automation, a leading governance, risk, and compliance (GRC) platform provider, has secured $10 million in fresh funding from its existing investors. This investment empowers Scrut to enhance it...
STARTUP-STORIES
Assembly Secures $2.1 Million Funding to Expand Travel Lifestyle Products
Indian travel and lifestyle startup Assembly has successfully secured $2.1 million (INR 17.4 Cr) in a funding round. This investment, led by Prath Ventures, will fuel Assembly's growth plans and solid...
EV
Ola Electric Zooms Ahead with Record Registrations and IPO Plans
Ola Electric, a leading Indian electric scooter manufacturer, continues its impressive growth trajectory, achieving several milestones in recent months.Record-Breaking Registrations: Ola Electric witn...
TECH
CrowdStrike and Rubrik Join Forces to Bolster Data Security
Leading cybersecurity companies CrowdStrike and Rubrik have announced a strategic partnership aimed at revolutionizing data security. This collaboration focuses on empowering organizations to effectiv...
TRENDING NEWS
Finance Minister Highlights Growing Role of Women in Indian Businesses
Finance Minister Nirmala Sitharaman addressed the launch of Swiggy's "She the Change" initiative, emphasizing the increasing participation of women in Indian businesses. Here are the key takeaways:Wom...
TRENDING NEWS
India Boosts Electric Vehicle Adoption with New Scheme and FAME-II Extension
India is taking a significant stride towards a greener future with the launch of the INR 500 Crore Electric Mobility Promotion Scheme 2024 (EMPS 2024). This new scheme, effective from April 1st, 2024,...
TRENDING NEWS
Zomato Faces Fresh Tax Demand of Rs 23 Crore from Karnataka Authorities
Food delivery giant Zomato finds itself entangled in another tax dispute. The company recently received a demand notice of Rs 23 crore from the Karnataka commercial taxes authority for availing excess...
EDUPRENEUR
Aviotron Aerospace Secures Investment to Revolutionize Experiential Learning for School Students
Noida-based edtech startup Aviotron Aerospace has defied the current funding slowdown in the Indian edtech sector by securing INR 4.96 crore ($600K) in a Pre-Series A round. This investment, led by So...
TRENDING NEWS
GeM Records Remarkable Growth, Doubles Order Value to ₹4 Trillion in FY24
The Government e Marketplace (GeM), India's online platform for public procurement, has achieved remarkable success, doubling its Gross Merchandise Value (GMV) to a staggering ₹4 lakh crore in FY23-24...
STARTUP-STORIES
Indian Startups Facing Tax Implications for Reverse Flipping, Says Union Minister Piyush Goyal
In a recent development, Union Commerce Minister Piyush Goyal addressed concerns regarding Indian startups contemplating reverse flipping, emphasizing the tax implications associated with such moves.A...
STARTUP-STORIES
Bounce, An Electric Vehicle Startup, Experiences A Sales Surge Of Over 500% In FY23, Reaching INR 91 Cr
Bounce, the Bengaluru-based electric two-wheeler manufacturer, reported a positive step towards profitability in its latest financial results. The company's net loss for the financial year 2022-23 (FY...
STARTUP-STORIES
Veranda Learning Secures Rs 425 Crore Debt Funding to Fuel Education Sector Expansion
Chennai, India: Veranda Learning, a prominent education company headquartered in Chennai, has secured Rs 425 crore in debt funding through non-convertible debentures (NCDs) issued to BPEA Credit, an a...
STARTUP-STORIES
Ambit Finvest Secures Rs 690 Crore Funding for MSME Loan Growth in India
Bengaluru, India: Non-banking lender Ambit Finvest has secured Rs 690 crore in fresh funding to fuel its expansion plans in the micro, small, and medium enterprise (MSME) loan segment.Investment Led b...
STARTUP-STORIES
SydeLabs Secures $2.5M Seed Funding Led by RTP Global for AI Security Solutions Amid Rising Cyber Threats
Bengaluru, India: SydeLabs, a recently launched AI security and risk management startup, has secured $2.5 million in seed funding. This round was led by venture capital firm RTP Global, with participa...
STARTUP-STORIES
It Is Unlikely That Chaudhry Will Return To Lead Aakash Institute, Which Is Now Owned By Byju's.
Bengaluru, India: BYJU'S-owned Aakash Institute appears to be taking a new direction in its leadership. Recent reports suggest that Aakash Chaudhry, co-founder of Aakash, will not be returning as CEO....
STARTUP-STORIES
Interior Design-Tech Venture Flipspaces Achieves Profitability at EBITDA Level with 2X YoY Growth in India & US this Fiscal
Bengaluru, India: Flipspaces, a leading interior design-tech venture, has reached a significant milestone by achieving profitability at an overall EBITDA level. This accomplishment marks a major step ...
STARTUP-STORIES
Zoomcar partners with other companies to get more cars for their service
Bengaluru, India: Car-sharing platform Zoomcar is revamping its strategy to address a key challenge: attracting more car owners to list their vehicles on the platform. This move comes amidst the compa...
STARTUP-STORIES
Alteria Capital Raises $195 Million for Third Venture Debt Fund, Introduces Shorter-Duration Scheme
Mumbai, India: Venture debt firm Alteria Capital has successfully closed its third fund at Rs 1,550 crore (approximately $195 million). This new fund aims to provide financial solutions for growth-sta...
CEO STORIES
ShareChat Secures $48.8 Million in Debt Funding, Focuses on Profitability Path
Bengaluru, India: Social media platform ShareChat has secured $48.8 million in fresh capital through convertible debentures issued to existing investors. This debt financing round comes amidst the com...
TECH
Cloud computing in India & Indian startups creating visionary products
Cloud computing has emerged as a transformative technology, revolutionizing the way businesses operate and innovate. India, with its rapidly growing tech industry and tech-savvy population, has become...
TRENDING NEWS
IPO-Bound Unicommerce Unveils AI-powered Assistant UniGPT to Empower E-commerce Businesses
Bengaluru, India: Unicommerce, a leading SaaS platform for e-commerce enablement, has announced the launch of UniGPT, its generative AI platform designed to assist businesses in navigating the complex...
TRENDING NEWS
Chiratae Ventures Sells Multiple Portfolio Startup Stakes to Madison India for $70 Mn
Bengaluru, India: Early-stage venture capital firm Chiratae Ventures has reportedly sold stakes in some of its portfolio companies to private equity firm Madison India Capital for $70 million in a sec...
TRENDING NEWS
Who is Pavan Davuluri, and why did Microsoft choose him to lead Windows and Surface
In a significant leadership transition, Microsoft Corporation has appointed Pavan Davuluri to head its Windows and Surface divisions. This article explores the implications of Davuluri's appointment a...
STARTUP-STORIES
SuperK Secures $6 Million to Revolutionize Grocery Shopping in Small Towns of India
Bengaluru, India – SuperK, a pioneering tech-enabled grocery retail chain for small towns in India, has secured $6 million (INR 50 Cr) in a Series A funding round. This crucial investment, led by prom...
TRENDING NEWS
Infibeam Avenues Subsidiary Eyes $25 Million Pre-IPO Funding, Boosting UAE Expansion Plans
Mumbai, India – Infibeam Avenues, a leading Indian fintech company, is set to see increased investor focus today (March 27th) due to its UAE-based subsidiary, Avenues World FZ-LLC, seeking $25 millio...
TRENDING NEWS
Vijay Kedia-Backed TAC Security Raises INR 8.55 Cr From Anchor Investors Before IPO
Bengaluru, India – SaaS-based cybersecurity firm TAC Security, backed by prominent investor Vijay Kedia, is inching closer to its initial public offering (IPO) after garnering INR 8.55 crore through...
TRENDING NEWS
PharmEasy's Investment Cleared by CCI, Including 360 One's Stake Acquisition
Mumbai, India – In a significant development for India's online pharmacy giant PharmEasy, the Competition Commission of India (CCI) has approved a proposal for investment from the family office of Ma...
TRENDING NEWS
Innoviti Payments and Concerto Software Granted RBI Payment Aggregator Licences
The landscape of online payments in India is witnessing a surge in activity with several prominent players receiving the coveted payment aggregator (PA) license from the Reserve Bank of India (RBI). T...
STARTUP-STORIES
Real Estate Management Platform Aeria Secures $1.8M Funding Led by Kalaari Capital
Bengaluru, Aeria, a rising star in the coworking space, has secured $1.8 million in a funding round led by prominent venture capital firm Kalaari Capital. Foundamental, AC Ventures, and AL Trust, alo...
TRENDING NEWS
Silicon Valley's South Park Commons Ventures East: Binny Bansal of Flipkart to Spearhead India Outpost
Silicon Valley veterans Ruchi Sanghvi and Aditya Agarwal, known for their impressive careers at Facebook and Dropbox respectively, are shaking things up in the world of early-stage tech ventures. Thei...
TRENDING NEWS
Harsh Jain and Aakrit Vaish Appointed as Co-Chairs of TEAM Governing Council
Mumbai's burgeoning technology scene is poised for a significant leap forward with the Tech Entrepreneurs Association of Mumbai (TEAM) taking center stage. This recently formed collective of leading t...
TECH
Bankrupt FTX Liquidates Stake in AI Powerhouse Anthropic
The spectacular collapse of FTX, a once-dominant cryptocurrency exchange, continues to send ripples through the financial world. This article delves into the ongoing bankruptcy proceedings, the recent...
TECH
India's Online Gaming Industry: Seeking Regulatory Clarity for Growth
The Indian online gaming industry is experiencing a period of significant growth, with a market value estimated at $3 billion. However, the lack of clear regulations has created challenges for both bu...
TECH
Why Grading AI Models is Like Judging a Baseball Game with New Rules Every Inning ?
AI has solved and shortened the developers time and cost by 20-40% , which is a big win for developers and engineers but it sometimes says to hit an axe in own foot but this is where comes the evoluti...
TRENDING NEWS
NPCI Collaborates with Banks and Fintechs for Interoperable Net Banking Payment System
The Reserve Bank of India's (RBI) green light for an interoperable payment system for net banking marks a significant leap in India's digital payments journey. This groundbreaking initiative, spearhea...
EDUPRENEUR
Physics Wallah Overcomes Profit Drop, Eyes Expansion with More Offline Centers
Test prep startup Physics Wallah is set to expand its offline presence aggressively, aiming to open as many centers as possible in the fiscal year 2025 despite potential profit erosion, according to f...
STARTUP-STORIES
Indian Startup Investment Declines Amid Paytm and Byju's Setbacks
India's once-booming startup scene is facing a harsh reality check. After a record year in 2021, funding has plummeted in 2024, raising concerns about the future of this critical economic driver.A Slo...
TRENDING NEWS
JioCinema Gets 11.3 Cr Viewers On Day 1 Of IPL 2024
The Indian Premier League (IPL) 2024 kicked off with a bang, not just on the field but also online. Reliance-backed JioCinema, the official streaming platform for the tournament, witnessed a record-br...
TRENDING NEWS
Myntra Enhances Global Fashion Presence Through Collaboration with UK’s NEXT
E-commerce giant Myntra has secured a major win, bagging the franchise rights for NEXT, the UK's leading fashion brand. This strategic partnership marks a significant expansion for NEXT in Asia and un...
TRENDING NEWS
Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
Maruti Suzuki India, India's leading car manufacturer, is making a strategic move towards the future by acquiring a 6.44% stake in Amlgo Labs, an artificial intelligence (AI) and machine learning (ML)...
STARTUP-STORIES
Zerodha Founders and Others Invest $10 Million in Subko Coffee, NKSquared Leads Funding Round
Mumbai's homegrown coffee brand, Subko Coffee Roasters, has secured a piping hot $10 million (INR 85.10 Cr) in Series B funding, signaling a strong brew for the company's future. This funding round co...
EDUPRENEUR
BYJU'S Announces Restructuring Plan for 30 Tuition Centers, Emphasizes 90% Transition to Hybrid Model
Byju's, India's leading edtech company, has been embroiled in a whirlwind of controversies lately. Here's a breakdown of the key developments:Center Closures: Restructuring or Shutdown?Earlier reports...
TRENDING NEWS
Dream11 Onboards 1.1 Million New Users on IPL 2024's Opening Day
Fantasy Gaming Giant Sees Surge in Users and RevenueThe much-awaited 17th edition of the Indian Premier League (IPL) kicked off on Friday, March 22nd, bringing with it a wave of excitement not just fo...
TRENDING NEWS
Investors greenlight Trump's $5.7 billion social media deal
Former U.S. President Donald Trump's foray into the social media sphere has taken a significant leap forward, with investors greenlighting a merger worth approximately $5.7 billion. This move catapult...
TRENDING NEWS
Spinny Boosts ESOP Pool: Adds 24 Mn Stock Options for Employees
Hold on tight car enthusiasts, because Spinny, the used-car marketplace backed by cricketing legend Sachin Tendulkar, is making a power move! They've just revved up their employee motivation engine b...
STARTUP-STORIES
Fintech startup Yenmo secures $500,000 in funding round led by Y Combinator
In a groundbreaking development in the fintech industry, Yenmo, a platform revolutionizing lending against mutual funds, has successfully raised $500,000 in a seed funding round led by renowned US-bas...
TRENDING NEWS
Zomato's Deepinder Goyal marries Mexican model-turned-entrepreneur Grecia Munoz
Zomato CEO Deepinder Goyal's recent wedding to Mexico-born model-turned-entrepreneur Grecia Munoz has set the internet abuzz. The union of these two individuals from diverse backgrounds has captured t...
STARTUP-STORIES
Cashfree launches risk management and fraud prevention tool RiskShield
Cashfree Payments, a leading payment gateway for online merchants, has introduced a powerful new tool in the fight against online fraud - RiskShield. This real-time risk management solution promises t...
EV
Scientists Confirm: Experimental Wireless EV Charger Matches Speed of Superfast Wired Plugs
Imagine a world where charging your electric car (EV) is as simple as pulling into a parking spot. No more fumbling with cables or hunting for charging stations. Scientists at the Oak Ridge National ...
TRENDING NEWS
Zomato renames ‘pure veg’ mode to ‘veg only’ amid social media row
Zomato's attempt to cater to vegetarian customers with a "pure veg" delivery mode backfired spectacularly. The plan, which involved a separate green-clad delivery fleet for vegetarian orders, sparked ...
STARTUP-STORIES
Pocket FM Secures New Funding Round, Projected Valuation Soars to $1.2 Billion
Bengaluru-based audio streaming platform Pocket FM is inching closer to a monumental achievement – joining the coveted unicorn club! According to industry insiders, the company is in advanced talks wi...
TRENDING NEWS
SAP Labs India, TASK, Edunet Foundation Launch SAP Centre of Excellence in Hyderabad
Bengaluru, India - March 21, 2024 - In a move designed to address the ever-growing tech skill gap, SAP Labs India has announced the expansion of its Code Unnati initiative into Telangana. This expansi...
STARTUP-STORIES
India to host SCO Startup Forum 5.0 in January 2025
New Delhi, India - March 21, 2024 - India is poised to take the lead in fostering regional startup collaboration as it gears up to host the fifth meeting of the Shanghai Cooperation Organisation (SCO)...
TECH
Open-source AI models released by Tokyo lab Sakana founded by former Google researchers
Tokyo, Japan - March 21, 2024 - In a move that could reshape the landscape of artificial intelligence, a Tokyo-based startup called Sakana AI has unveiled a novel method for developing AI models, insp...
TRENDING NEWS
CCI's decision to deny interim relief in the Google billing case deals a major setback to Indian internet firms
In a significant setback for startups, the Competition Commission of India (CCI) has dismissed interim relief applications aimed at restraining Google from imposing fees or commissions on developers u...
TRENDING NEWS
AI Crime Solver: Uttar Pradesh Police Harnesses Advanced Technology for Criminal Investigations
In a groundbreaking move, the Uttar Pradesh Police is gearing up to revolutionize criminal investigations through the adoption of cutting-edge Artificial Intelligence (AI) technology. Teaming up with ...
EV
Mobility startup Pumpumpum raises Rs 2 Cr led by Inflection Point Ventures
Bengaluru, Karnataka – March 20, 2024 – Pumpumpum, a leading Indian pre-owned car leasing company, has secured INR 2 Crore in funding from Inflection Point Ventures (IPV), a prominent angel investing ...
TRENDING NEWS
Startup Mahakumbh: PM Modi says India will become the world leader in AI
Unlocking India's Entrepreneurial Potential: PM Modi's Vision at Startup MahakumbhPrime Minister Narendra Modi commended India's youth for their entrepreneurial zeal, emphasizing the unprecedented gro...
EV
Revolutionizing Urban Mobility: Building the Next Generation of Electric Scooters with $40 Million Funding
The Indian two-wheeler market thrives on practicality. For countless families, these vehicles are the workhorses of daily life, used for everything from commuting to grocery shopping. Recognizing this...
TRENDING NEWS
Atlan raises $27.5 million in funding from Salesforce Ventures and others
The data landscape is undergoing a significant transformation, with data-driven decision making becoming paramount for businesses of all sizes. In this dynamic environment, Atlan, a leading data intel...
TRENDING NEWS
Minus Zero and Ashok Leyland: A Gearing Up for India's Autonomous Trucking Future
A Revolution on Indian RoadsThe Indian transportation landscape is poised for a significant transformation. Bengaluru-based Minus Zero, a pioneering autonomous driving technology startup, has joined f...
TRENDING NEWS
SoftBank India Appoints Sarthak Misra as Partner
SoftBank India has recently promoted Sarthak Misra, former investment director, to the esteemed position of partner. This significant development underscores SoftBank's commitment to nurturing talent ...
HEALTHTECH
Intermittent Fasting and Heart Disease: Unveiling the New Research and Its Implications
Intermittent fasting (IF), a popular weight-loss strategy involving restricted eating windows, has come under scrutiny following a recent study linking it to an increased risk of heart disease. This a...
TRENDING NEWS
Zomato Launches Pure Veg Fleet and Mode: Catering to Vegetarian Preferences and Innovation in Food Delivery
Zomato, the leading Indian foodtech giant, has made a strategic move to cater to the country's large vegetarian population with the launch of a "Pure Veg Fleet" and "Pure Veg Mode." This article delve...
CEO STORIES
Malabar Investments eyes Sugar Cosmetics stake via Rs 80-100 crore secondary round
Sugar Cosmetics, a leading Indian omnichannel beauty brand, is stirring up a potential investment deal with Malabar Investments, a prominent India-focused fund. This article dives deep into the detail...
TRENDING NEWS
DroneAcharya Aerial shares jump over 9% on securing order from Indian Army
DroneAcharya Aerial Innovations, a rising star in India's drone industry, has secured a crucial contract to supply IT hardware for the Indian Army's drone lab in Jammu and Kashmir. This significant de...
TRENDING NEWS
Flipkart Ordered To Pay Mumbai Man INR 10,000 For ‘Mental Harassment’ Over iPhone Order Cancellation
A Mumbai consumer court has ruled in favor of a customer who experienced "mental harassment" after Flipkart, a leading Indian e-commerce platform, unilaterally cancelled his iPhone order. The court fo...
TRENDING NEWS
Fintech Startup Juspay’s Revenue Crosses INR 200 Cr Mark In FY23
uspay, a leading Indian payment solutions provider, has reported impressive financial results for FY23, reflecting the surge in digital payments adoption across the country. The company's revenue skyr...
CEO STORIES
FlexifyMe, Pune's HealthTech Venture, Secures Rs 1Cr Investment on Shark Tank India
Chronic pain, a widespread issue affecting over 1.7 billion people globally, can significantly impact quality of life. Traditional solutions like painkillers often have side effects, while physiothera...
STARTUP-STORIES
BNZ Green: A Blockchain Pioneer in Climate Solutions secured $100,000 in funding
BNZ Green, a leading company leveraging blockchain technology to tackle climate change, has secured $100,000 in funding. This investment fuels their mission to create a more sustainable future by expa...
CEO STORIES
Third Wave Coffee ropes in ex-KFC India head as CEO; founder Sushant Goel to move to board role
Specialty coffee chain Third Wave Coffee announced a significant transition in its leadership team. Founder and Chief Executive Officer (CEO) Sushant Goel will step into a board role, paving the way f...
TRENDING NEWS
Infosys founder gifts shares worth Rs 240 cr to grandson, making him India's youngest millionaire
NR Narayana Murthy, the co-founder of Infosys, recently made headlines by gifting 15,00,000 shares of Infosys stock, valued at over Rs 240 crore, to his four-month-old grandson, Ekagrah Rohan Murty. T...
TRENDING NEWS
Cedar Capital announces first close of Rs 240 crore Fintech VC fund
Cedar Capital Raises Capital for Fintech InnovationCedar Capital, a collaborative venture between Cedar Consulting and IBS Intelligence, has achieved a significant milestone with the first close of it...
TRENDING NEWS
Adani Group to invest over ₹1.2 lakh crore across portfolio companies in FY25, 70% for renewable business
The Adani Group, a leading Indian conglomerate, is set for a significant investment push in the upcoming financial year (FY) 2024-25. According to news agency PTI, the group plans to strategically all...
STARTUP-STORIES
How One Startup Recycles 220 Million Li-ion Batteries for Electric Cars, Solar Chargers, and More
Established in 2020, BatX Energies is a leading Indian startup addressing the growing challenge of Li-ion battery waste. Their journey began in 2017 when Vikrant Singh and Utkarsh Singh, engineering s...
TRENDING NEWS
Zomato Faces ₹8.6 Crore GST Penalty Notice from Gujarat's Deputy Commissioner of State Tax
Online food delivery giant Zomato has received a setback in the form of a Goods and Services Tax (GST) demand notice from the Gujarat government. This development comes amidst a recent share sale by A...
STARTUP-STORIES
Haryana Startup Hygenco to Build India's First Green Hydrogen Plant
India is taking a significant step towards a cleaner energy future with Haryana-based Hygenco's announcement to construct and operate the country's first green hydrogen plant in Hisar, Maharashtra. Th...
STARTUP-STORIES
PUDI: A Trailblazing Lucknow Startup Revolutionizing Shelf-Life Extension
PUDI's remarkable journey exemplifies the power of perseverance and a unwavering commitment to innovation. Their focus on customer satisfaction, environmental responsibility, and fostering a supportiv...
EDUPRENEUR
Teachmint's FY23 Revenue Surges 1,057%, Reflecting Edtech Sector's Explosive Growth
Bengaluru-based edtech startup Teachmint, known for its online video-first teaching platform, witnessed a significant rise in revenue during the financial year 2022-23 (FY23). However, despite this im...
STARTUP-STORIES
Govt plans to facilitate investments into startups through Startup Registry
A Unified Platform for Seamless CollaborationThe Bharat Startup Ecosystem Registry goes beyond simply being a database. It's designed to be a dynamic hub where all stakeholders within the startup ecos...
TECH
No Approval Required for New Models, Boosting Innovation and Development in Tech Sector: says IT minister
A recent regulation by the Indian government on generative AI, also known as artificial intelligence (AI) that can create realistic and creative text formats, caused a stir in the tech startup ecosyst...
TRENDING NEWS
toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X
Rising Smile, Pinching Bottom LineHealthtech startup makeO, the company behind the popular toothsi clear aligner brand, saw its net loss widen in FY23 despite experiencing impressive revenue growth. W...
STARTUP-STORIES
Indian Startup Founded by IIT Graduates Generates Rs 200 Crore Revenue, Powers Homes with Zero Electricity
SolarSquare, a leading residential solar brand founded by IIT Bombay graduates Neeraj Jain and Shreya Mishra along with Pune University graduate Nikhil Nahar, is illuminating the homes of thousands ac...
CEO STORIES
Who is Ashneer Grover ?-News, Life , Education and career
Ashneer Grover: Former BharatPe MD and Shark Tank InvestorAshneer Grover, an Indian entrepreneur born on June 14, 1982, in Delhi, is best known as the former co-founder and managing director of Bharat...
TECH
India’s Gaming Space May Touch $7.5 Bn, Generate 250,000 Jobs By 2025: Meta India MD
Facebook's parent company, Meta, is setting its sights on India's rapidly growing gaming sector. Meta India MD Sandhya Devanathan, speaking at the first India edition of the Meta Gaming Summit in Mumb...
TRENDING NEWS
Paytm Stock Surges 5%: Assessing the Impact of TPAP License News on Shareholders?
One97 Communications, the parent company of Paytm, witnessed a stock price surge of 5% on Friday, reaching Rs 370.90 on the BSE. This positive movement comes after the National Payments Corporation of...
TRENDING NEWS
US Court Orders Arrest Of Hedge Fund Manager For Allegedly Hiding $533 Mn For BYJU’S
Edtech giant BYJU'S woes continue to mount as a US insolvency court issued a warrant for the arrest of a hedge fund manager allegedly involved in hiding $533 million from the company's lenders. This d...
EV
Tata Motors Announces Rs 9,000 Crore Investment in Tamil Nadu for New Vehicle Manufacturing Facility
Chennai, Tamil Nadu - March 14, 2024 - In a major boost for the Indian automobile industry, Tata Motors signed a memorandum of understanding (MoU) with the Tamil Nadu government on Wednesday to estab...
TECH
Super Gaming’s Indus Crosses 10 Mn Pre-Registrations On Google Play
Pune, India - March 14, 2024 - SuperGaming, a leading Indian game development studio, has struck gold with its upcoming "Indo-futuristic" battle royale game, Indus. The title has surpassed a staggerin...
TECH
Government Takes Action Against 19 Streaming Platforms for Obscene and Vulgar Content
In a move to curb the spread of obscene content online, the Ministry of Information and Broadcasting (I&B) has blocked 19 over-the-top (OTT) platforms in India. These platforms, including Uncut Adda, ...
TRENDING NEWS
Paytm think Tie Up With SBI, Yes Bank, Others For UPI Transactions
Paytm's parent company, One 97 Communications, is reportedly in talks with major banks like SBI, Yes Bank, Axis Bank, and HDFC Bank to secure its UPI future. This move comes as Paytm seeks a crucial t...
TECH
MCA Seeks Public Input on Draft Digital Competition Bill, Potential Challenge for Big Techs
The Indian government is taking a big step towards regulating Big Tech companies with the Ministry of Corporate Affairs (MCA) inviting public comments on a new draft Digital Competition Bill. This bil...
TRENDING NEWS
Paytm Expected to Receive NPCI Third-Party App Provider License by March 15th
In a move offering some relief to fintech giant Paytm, the Reserve Bank of India (RBI) has extended the deadline for restrictions imposed on its payments bank subsidiary. The new deadline for Paytm Pa...
TRENDING NEWS
Airtel Payments Bank Appoints Former MasterCard India Executive Anuj Bansal as CFO
Airtel Payments Bank, a prominent player in India's fintech landscape, has reinforced its leadership team with the appointment of Anuj Bansal as Chief Financial Officer (CFO). Bansal brings with him o...
EV
Tata Motors Seeks Incentive Extension On E-Taxis For 3 Years
Tata Motors, a leading Indian automaker, has urged the government to extend subsidies for electric taxis and include personal cars in its flagship EV program, FAME. This move aims to accelerate electr...
TRENDING NEWS
Ashneer Grover Urges RBI To Probe BharatPe Chairman Rajnish Kumar
Former Managing Director of BharatPe, Ashneer Grover, has intensified his battle against the fintech giant, directing fresh allegations towards its board chairman, Rajnish Kumar. In a recent developme...
TRENDING NEWS
Viacom18 Shuffles Executive Leadership Ahead of Disney India Merger
Viacom18, a Reliance-owned media conglomerate, has undergone a significant leadership reshuffle in preparation for its upcoming $8.5 billion merger with Disney's India unit.Kevin Vaz Takes the Reins o...
TRENDING NEWS
BigBasket and Flipkart Accelerate Delivery to Compete with Rapid Quick-Commerce Expansion
The Indian e-commerce landscape is heating up, especially in the online grocery segment. To combat the rising popularity of quick commerce players like Blinkit and Zepto, established giants BigBasket ...
EV
Ways To Charge Your EV (Electric Vehicle) Easily
The Indian automobile industry is on the cusp of an electric revolution. Major players like Hyundai, Tata, Vespa, and MG are flooding the market with new electric vehicles (EVs), each boasting superio...
EDUPRENEUR
Byju's says it has paid some part of salaries for 20,000 employees
Embattled edtech giant Byju's has offered some relief to its employees by disbursing a portion of their February salaries. This comes after the company faced a cash crunch that threatened to delay sal...
TECH
New Competition Law to Include Big Techs with 10% Global User Base in India: Impact on Tech Giants
India is taking a significant step towards regulating the digital landscape with a proposed digital competition law. This legislation aims to address concerns surrounding antitrust violations by major...
TRENDING NEWS
India's Semiconductor Programme Shifts Focus to Chip Design Ecosystem: Ashwini Vaishnaw
India's ambitious semiconductor mission is set for a significant shift in focus, prioritizing the development of a robust chip design ecosystem. This strategic move, announced by Union Minister of Ele...
STARTUP-STORIES
UPI Payment Now Available for Indians in Nepal
Indian tourists and residents in Nepal can now rejoice! The Unified Payments Interface (UPI), India's ubiquitous digital payment system, is now live in Nepal. This landmark development follows a colla...
TRENDING NEWS
Disney CEO Hails India Business Merger with Reliance as 'Best of Both Worlds
Walt Disney Company CEO Bob Iger has expressed his strong support for the recently announced merger of Disney's India arm with Reliance Industries' media business. Speaking at a Morgan Stanley investo...
TRENDING NEWS
Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion valuation
Peak XV Partners, previously known as Sequoia Capital India, and Tiger Global are among the prominent investors engaged in discussions to acquire a stake in Meesho, a SoftBank-backed ecommerce firm, a...
TRENDING NEWS
Baron Capital marks Swiggy valuation at $12.1 billion, up 13% from last fundraise
Food delivery giant Swiggy has seen its valuation surge to $12.1 billion, marking a significant vote of confidence from investors. This is a 13% increase from the $10.7 billion valuation it secured du...
TECH
Cabinet Approves IndiaAI Mission, Allocates INR 10,372 Cr To Spur AI Innovation
India is poised to become a major player in the global Artificial Intelligence (AI) race with the government's announcement of the IndiaAI Mission. This ambitious initiative, backed by a staggering ₹1...
TRENDING NEWS
Ashneer Grover writes to RBI seeking probe into BharatPe’s shareholding, licence applications
Ashneer Grover, former managing director of BharatPe, has raised serious concerns over the fintech company's shareholding practices, prompting him to write to the Reserve Bank of India (RBI) seeking a...
TRENDING NEWS
The Supreme Court Dismisses MakeMyTrip’s Trademark Claim Against Google
In a decision with potential implications for online advertising practices, the Supreme Court of India has dismissed a trademark infringement claim filed by travel booking platform MakeMyTrip against ...
TRENDING NEWS
NPCI joins hands with IISc for joint research on blockchain, AI tech
The National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) in Bangalore have announced a significant collaboration to accelerate advancements in blockchain and Artifi...
STARTUP-STORIES
Cybersecurity startup Axonius raises $200 million from returning investors
Amidst a cautious funding environment for late-stage startups, Axonius, a leading cybersecurity company, has secured $200 million in fresh funding. This news highlights the continued demand for robust...
TRENDING NEWS
Over 70% Users To Stop Using UPI If Transaction Fee Is Levied: Survey
A strong aversion to transaction fees among UPI users in India. The survey found that only 23% of respondents are willing to bear any charges associated with UPI payments, while a staggering 73% woul...
TRENDING NEWS
FIU-IND Report: Paytm Payments Bank Lacks Mechanism to Detect Suspicious Transactions
In a recent development highlighting ongoing concerns within the Indian fintech sector, the Financial Intelligence Unit-India (FIU-IND) has imposed a hefty penalty of ₹5.49 crore on Paytm Payments Ban...
TRENDING NEWS
Cardiotrack Secures $2 Million in Pre-Series A Funding to Revolutionize Healthcare Screening
Cardiotrack, a healthcare screening company based in Bengaluru, secured $2 million in pre-Series A funding to expand its services to more health and life insurance providers. The company offers teleme...
TRENDING NEWS
Byju's says it is Beneficiary owner of $533 million fund parked in US
Edtech giant Byju's, facing a US court hearing regarding the whereabouts of $533 million in funds, claims the money remains beneficially owned by a US subsidiary. This statement comes amidst reports o...
TRENDING NEWS
Zepto, Blinkit adding fashion, electronics, beauty and more
India's quick commerce space is heating up as leading platforms like Zomato-owned Blinkit and Mumbai-based unicorn Zepto are rapidly expanding their offerings beyond groceries and essentials. This mov...
TRENDING NEWS
Macquarie Capital Trims Valuation Of BYJU’S By Nearly 98%
1. BYJU'S, India's leading edtech company, has seen its valuation drastically reduced by Macquarie Capital, an investor in the firm. This follows accusations from a Swiss bank that Macquarie Capital w...
TRENDING NEWS
Mamaearth Shines: Shares Jump 10% After Stellar Q3 Performance
Honasa Consumer, the parent company of popular personal care brand Mamaearth, witnessed a stellar rise in its share price today, jumping nearly 10% to a high of Rs 475 on the NSE. This surge comes aft...
TRENDING NEWS
Paytm’s Vijay Shekhar Sharma discussed exiting board, removing Paytm from bank name
📌 Paytm founder Vijay Shekhar Sharma considered resigning and removing "Paytm" from the Payments Bank due to mounting regulatory pressure from the RBI.📌 Discussions arose after RBI inquiries regar...
TECH
NSE and BSE curb Paytm daily trading limits to 10% after stock rout
India's digital payments giant, Paytm, is facing a double whammy after the Reserve Bank of India (RBI) imposed restrictions on its banking arm and stock exchanges slashed its daily trading limit. Thes...
TRENDING NEWS
Ola Electric launches S1 X variant, extends warranty for all products
Ola Electric, the ride-hailing giant turned electric vehicle (EV) maker, is making waves in the Indian market with a slew of announcements targeting wider adoption and customer concerns. Here's a brea...
TRENDING NEWS
Paytm stock falls another 20% to hit lower circuit on day 2; no near-term solution to woes in sight
Paytm, the Indian fintech giant, is reeling under a double blow after the Reserve Bank of India (RBI) imposed strict restrictions on its payments bank and lending business. This regulatory action has ...
TRENDING NEWS
PharmEasy Hits ₹6,000 Crore Revenue Mark, But Net Loss Widens Amid Cost-Cutting Measures
Mumbai-based epharmacy giant PharmEasy crossed the INR 6,000 crore revenue mark in FY23, witnessing a 16% growth year-on-year. However, a hefty impairment loss led to a surge in net loss, highlighting...
TRENDING NEWS
Temasek sells entire holding in Policybazaar for Rs 2,425 crore
In a move that shook the Indian fintech landscape, Singapore's sovereign wealth fund Temasek Holdings divested its entire 5.42% stake in PB Fintech, the parent company of online insurance aggregator P...
TRENDING NEWS
Jupiter Capital-Backed Asianxt Eyes $10-15 Mn Funding To Enter Social Media Space
News and entertainment media-tech startup Asianxt Digital Technologies is making a bold move into the social media arena with a unique offering – an AI-powered short-form video app. This move comes as...
TRENDING NEWS
RBI Bars Paytm Payments Bank From Providing UPI Service, Taking Deposits In Customer Accounts
In a major blow to financial technology giant Paytm, the Reserve Bank of India (RBI) has taken strict action against its payments bank arm, Paytm Payments Bank (PPB). Through a notification issued on ...
TRENDING NEWS
Meesho Aims for Growth with Financial Services, Grocery Delivery Push in FY24
SoftBank-backed ecommerce platform Meesho is set to diversify its offerings in the next financial year, venturing into financial services and scaling its grocery delivery business. This move mirrors e...
TRENDING NEWS
Budget 2024: Can Edtech Startups Make Learning More Affordable & Accessible?
India's once-booming edtech ecosystem, hit hard by funding slowdown and profitability concerns, pins its hopes on the upcoming interim Budget 2024 for a much-needed shot in the arm. While acknowledgin...
TRENDING NEWS
Will Union Budget 2024 Boost The Startup Ecosystem’s Progress
The Union Budget for FY24, anticipation within the Indian startup ecosystem is at fever pitch. This year's budget holds immense significance for the country's burgeoning entrepreneurial landscape, cu...
TRENDING NEWS
Major Sell-Off: Societe Generale Exits Zomato Shares Worth INR 117 Cr, Invests in Policybazaar
The ongoing turbulence in the Indian equities market, fueled by foreign institutional investor (FII) pullout and anticipation of the US Fed's next move, sent tremors through the new-age tech sector on...
TRENDING NEWS
Budget 2024 : Online Gaming Startups Seek Progressive Taxation, AVGC Allocation
📌 Gaming startups want tax clarity in Budget 2024 amidst strict regulations. They're grappling with the current blanket 28% GST and need a distinction between games of skill and chance.📌 Skill build...
TECH
Deep Dive into the Wonders of Generative AI turning globe
Generative AI is no longer a futuristic fantasy; it's reshaping our digital landscape at an astonishing pace. Let me take you deep into the intricacies of this technological marvel, exploring its adva...
TRENDING NEWS
Customs duty on electronic transmissions will hit semiconductor design locally: Industry bodies
⚫ The India Electronics & Semiconductor Association (IESA) has presented a plea to the Indian government, urging them to refrain from imposing customs duties on electronic transmissions.⚫ Electronic t...
TRENDING NEWS
Ola expands electric bike taxi service to Delhi, Hyderabad; plans India-wide scale-up
🎯 Ola is expanding its electric bike taxi service to Delhi and Hyderabad, with plans to scale up the offering across India by the end of the year. This is a significant move for Ola, as it could help...
TRENDING NEWS
Binny Bansal resigns from Flipkart board citing conflict of interest with new startup: Report
🎯 Flipkart co-founder Binny Bansal has reportedly resigned from the company board following the launch of his new venture, OppDoor, in the ecommerce sector. The resignation was communicated to the ...
TRENDING NEWS
Khazanah in talks to lead Oyo Hotel’s $400 million fund raise
Oyo Hotels & Homes, the once-high-flying Indian hotel-booking platform, is looking to Malaysian wealth giant Khazanah Nasional Berhad for a $400 million cash injection, aiming to fuel expansion and ch...
TRENDING NEWS
Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds
Byju's, the Indian education giant once valued at $22 billion, is desperately seeking a financial lifeline. The company is in talks with existing investors to raise over $100 million at a staggering d...
TRENDING NEWS
Lightspeed appoints Vivek Gambhir, Kevin Aluwi as venture partners for India, Southeast Asia
Lightspeed Venture Partners, a renowned venture capital firm that has supported prominent startups like ShareChat, Oyo, and Udaan, is reinforcing its presence in India and Southeast Asia by welcoming ...
TRENDING NEWS
Cars24’s Sales Inch Closer To $1 Bn Mark In FY23
Cars24, the Delhi NCR-based used car marketplace, has driven its growth engine in FY23, achieving a 16% surge in consolidated operating revenue to $930.3 million, up from $799 million in FY22. This im...
TRENDING NEWS
AI startup Cohere in talks to raise roughly $500 million to $1 billion
Cohere, a Toronto-based startup developing artificial intelligence for businesses, is in talks with investors to raise between $500 million and $1 billion in new funding, according to a person familia...
STARTUP-STORIES
BonV Aero Secures INR 6 Crore in Funding Led by Inflection Point Ventures
BonV Aero, the Indian pioneer in electric aerial logistics drones, has successfully secured INR 6 crore (US$728,000) in a funding round led by Inflection Point Ventures (IPV). This strategic investmen...
EDUPRENEUR
BYJU’S-Owned Aakash: FY22 Profits Hit INR 80 Cr, Sales Exceed INR 1,400 Cr Milestone
Aakash Educational Services Ltd., the shining star in BYJU'S turbulent edtech galaxy, has defied industry woes to report a remarkable 82% surge in earnings for FY22. This stellar performance stands in...
TECH
Tesla Firms Up Plans For $30 Bn Investments To Set Up Base In India
In a potential game-changer for India's automotive landscape, Tesla is reportedly in advanced talks to enter the market with a massive $30 billion investment over the next five years. This ambitious p...
TRENDING NEWS
Piyush Goyal says US fund house looking to invest $50 billion in India
In a major sign of confidence in India's booming economy, a leading US investment firm has committed to pouring a staggering USD 50 billion into the country over the next decade. This massive announce...
EDUPRENEUR
BlackRock's Axe Slashes BYJU'S Valuation From Billions to Barely a Billion
BlackRock, the world's largest asset manager, has dealt a crippling blow to Indian edtech giant Byju's, slashing its valuation by a staggering 95% from its peak. This latest markdown, revealed in a re...
TRENDING NEWS
Govt may ban offshore crypto trading apps if found guilty of PMLA violations
The Indian government has hinted at further action against offshore cryptocurrency platforms like Binance, potentially culminating in a complete ban on their Indian operations if found guilty of viola...
TECH
US startup funding drops 30% in 2023 despite AI frenzy
Silicon Valley Slump: U.S. venture capital investment tumbled 30% in 2023 compared to 2022, marking a stark contrast to the record-breaking highs of 2021. While artificial intelligence (AI) startups ...
TRENDING NEWS
Nykaa Q3 Soars: Fashion Vertical Catapults GMV 40% Higher YoY
Beauty and fashion giant Nykaa's Q3 FY24 performance painted a mixed picture, with its burgeoning fashion vertical stealing the show while the core beauty and personal care segment remained tepid. Des...
EV
VinFast plans to establish an electric vehicle (EV) plant in Tamil Nadu, with an initial investment of $500 million.
Chennai, India: Buckle up, India! Vietnamese EV giant VinFast is hitting the gas pedal on green transportation with a $500 million electric vehicle manufacturing facility in Tamil Nadu! This isn't jus...
TRENDING NEWS
PhonePe Appoints Ritesh Pai as Global Payments CEO.
PhonePe, the leading digital payments platform, has appointed Ritesh Pai as the CEO of its International Payments business, marking a strategic move for global expansion. Ritesh Pai, former President-...
STARTUP-STORIES
817 Startups Enroll For Karnataka’s Elevate 2023
A booming surge in innovation marks Karnataka's startup ecosystem as a staggering 817 startups enroll in the state government's Elevate 2023 initiative, a 46% increase from 2022. This record-breaking ...
TRENDING NEWS
Elon Musk Makes India Move: Tesla Manufacturing Unit Likely to Land in Gujarat
Electric vehicle (EV) giant Tesla is set to electrify the Indian market with its first manufacturing plant, likely to be established in Gujarat. After months of negotiations and anticipation, the fina...
STARTUP-STORIES
Founders Resist Valuation Cuts As Funding Drought Drags On
In a recent annual State of Startups survey, a significant revelation emerged about the mindset of Indian startup founders amidst the ongoing funding challenges. The survey, conducted among 80 of Indi...
TRENDING NEWS
BharatPe logs nearly three-fold revenue growth in FY23, trims losses
India's fintech star, BharatPe, has embarked on a remarkable journey of financial rehabilitation, recording a stellar performance in FY23. The company posted an impressive 182% YoY increase in standal...
STARTUP-STORIES
Indian Wearables Brand Noise Valued at $420 Million After $10 Million Funding from Bose
Gurgaon, India: In a landmark deal, Indian wearables brand Noise has secured $10 million in funding from US audio giant Bose Corporation, propelling its valuation to a staggering $420 million. This ma...
STARTUP-STORIES
Zomato offers to acquire Shiprocket for $2 billion: report
In a move that could shake up the Indian e-commerce landscape, food delivery giant Zomato has reportedly offered to acquire logistics startup Shiprocket for a staggering $2 billion, according to Bloom...
STARTUP-STORIES
Battery recycling startup Batx raises $5 million in funding from zephyr peacock, lets venture news
Bengaluru-based lithium battery recycling startup, BatX Energies, has revved its engine with a green light for the future. Securing $5 million in a pre-Series A funding round, led by Zephyr Peacock wi...
STARTUP-STORIES
Nila Spaces launches proptech accelerator programme
National Stock Exchange-listed company Nila Spaces has launched the VisionX Program, a dedicated accelerator program for early-stage startups in the industry. This ambitious initiative, coupled with a...
EV
Exponent Energy Raises $26.4M for EV Rapid Charging
Bengaluru-based energy tech startup Exponent Energy, known for its revolutionary 15-minute rapid charging technology for electric vehicles (EVs), has plugged into a hefty $26.4 million (INR 220 crore)...
CEO STORIES, STARTUP-STORIES
Agritech Startup Vegrow Secures $46 Million Funding From GIC and Others
Vegrow, the Bengaluru-based B2B fruit marketplace, has secured a fresh round of funding to fuel its growth ambitions. In a strategic move, the company secured an undisclosed amount in a Series C fundi...
STARTUP-STORIES
Men’s fashion brand Snitch raises ₹110cr to expand offline presence
Bengaluru-based D2C fashion brand Snitch has woven a stylish success story, securing a hefty ₹110 crore in a Series A funding round co-led by SWC Global and IvyCap Ventures. This fresh capital injecti...
TECH
GPAI Summit 2023 | India will launch AI mission to boost Agriculture Education , Healthcare: PM
India is set to launch an ambitious artificial intelligence (AI) mission aimed at bolstering the nation's computing power capacity, according to Prime Minister Narendra Modi. Speaking at the inaugural...
EV
Macquarie Capital Charges Up India's EV Future with Investment in ChargeZone
Macquarie Capital, the investment arm of Macquarie Group, has announced a significant investment in ChargeZone, a leading electric vehicle (EV) charging network operator in India. This strategic inves...
STARTUP-STORIES
Zomato sees an opportunity in catering business to Expand into Large-Order Services
Zomato is expanding its reach beyond food delivery by eyeing a slice of the catering business and exploring new non-food offerings for its loyalty program, Zomato Gold. The company's Chief Executive f...
CEO STORIES, STARTUP-STORIES
Nat Habit Raises $10.2 Million in Series B Funding Led by Bertelsmann
Nat Habit, a rising star in the D2C beauty and wellness space, has secured $10.2 million in a Series B funding round led by Bertelsmann India and other investors. This significant investment marks a t...
STARTUP-STORIES
D2C Hair Extensions Startup Secures $2.75 Million to Expand Salon Network
HairOriginals, a leading Indian startup specializing in direct-to-consumer (D2C) hair extensions and DIY wigs, has secured a significant funding boost of $2.75 million. This fresh capital injection wi...
STARTUP-STORIES
Instamojo Records Flat Operational Revenue of Rs 46 Crore in FY23 Amid Core Payment Business Closure
In a strategic shift from its roots as a fintech startup, Instamojo, backed by Mastercard and Times Internet, has successfully transitioned into a Direct-to-Consumer (D2C) tech platform. Despite refra...
TECH
Beware of Fake QR Codes: FTC Warns of Scammers Stealing Your Information
As QR code usage surges in India for various transactions, the US Federal Trade Commission (FTC) has issued a critical warning to the public. Scammers are increasingly hiding harmful links in fake QR ...
TRENDING NEWS
PhonePe Reaches $1.3 Trillion TPV, Positioning Itself Among Global Fintech Leaders
PhonePe, a leading Indian fintech platform, has achieved a staggering total payment value (TPV) of $1.3 trillion, placing it alongside the biggest fintech players in the US market. This impressive mil...
TECH
Google Launches Its ‘Largest And Most Capable’ AI Model Gemini To Compete With ChatGPT
The race to develop the most advanced and capable artificial intelligence (AI) continues to heat up, and Google has just thrown its hat into the ring with the launch of its latest creation: Gemini. An...
STARTUP-STORIES
Gameskraft Defies Tax Challenges, Achieves Remarkable 14% Profit Surge, Crossing INR 1,000 Cr Milestone in FY23
In a remarkable feat, gaming startup Gameskraft has defied the recent challenges faced by the real money gaming industry and recorded a 14.2% increase in its consolidated net profit for FY23, reaching...
TECH
OpenAI, the developer behind ChatGPT, collaborates with Twitter executive Rishi Jaitly to make an impactful foray into the AI sector in India.
OpenAI is joining forces with former Twitter India head Rishi Jaitly to navigate India's complex policies and regulations in the artificial intelligence (AI) domain. As a senior advisor to OpenAI, Jai...
TRENDING NEWS
Zerodha Generates INR 2.3 in Revenue for Every INR 1 Spent in FY23
Zerodha, the Bengaluru-based discount brokerage platform, continues its impressive growth trajectory with a 37% increase in net profit for FY23, reaching a staggering INR 2,908.9 crore. This significa...
CEO STORIES
5-Month-Old Sarvam AI Raises $41 Million to Become India's Leading GenAI Powerhouse
Bengaluru-based startup Sarvam AI, a rising star in the generative artificial intelligence (GenAI) space, has secured a significant $41 million (approximately INR 342 crore) in Series A funding.This i...
STARTUP-STORIES
Water management startup DigitalPaani secures $1.2 million in funding from Elemental Excelerator
DigitalPaani, a water management startup founded by father-daughter duo Mansi Jain and Rajesh Jain, has secured $1.2 million in funding. The round was led by Elemental Excelerator and included partici...
CEO STORIES, STARTUP-STORIES
Airblack Raises $4 Million to Beautify its Makeup Learning Platform and Empower Aspiring Artists
Airblack, the online platform revolutionizing makeup and beauty learning, has secured $4 million (approximately INR 33 crores) in its Pre-Series B funding round. This significant investment, led by th...
STARTUP-STORIES
Navadhan Secures $5 Million to Boost Financial Inclusion for Underserved Households and Businesses
Mumbai-based rural-focused fintech startup Navadhan has successfully secured $5 million (INR 41.7 Cr) in a Pre-Series A funding round led by Prime Venture Partners. This significant investment marks a...
TRENDING NEWS
BookMyShow turns profitable; FY23 operating revenue nears Rs 1,000 crore
BookMyShow, India's leading online entertainment ticketing platform, has made a remarkable turnaround, swinging to a net profit of Rs 85.72 crore in FY23 from a year-earlier loss of Rs 92.2 crore. Thi...
STARTUP-STORIES
THE SLEEP COMPANY RAISES $22M SERIES C FUNDING
The Sleep Company, a startup aiming to dethrone traditional mattress giants with its innovative approach to sleep solutions, has just secured a hefty $22 million (Rs 184 crore) in Series C funding. Th...
STARTUP-STORIES
Fintech startup ZestMoney to shut down, to lay off remaining 130 employees
The once-promising BNPL firm ZestMoney has met its tragic end, announcing its closure and laying off its remaining 130 employees. This marks a stark downfall for a company that once held the potential...
STARTUP-STORIES
Neobank Digivriddhi Raises $6 Million to Serve India's Dairy Farmers
Digivriddhi Technologies, a Bengaluru-based neobank catering to dairy farmers and microenterprises, has secured INR 50 crore ($6 million) in Series A funding. The round was led by Omidyar Network Indi...
CEO STORIES
Honasa Consumer Crashes Despite Early Gains as INR 238 Cr Block Deal Spooks Investors
Honasa Consumer Ltd, the parent company of popular D2C brands Mamaearth and The Derma Co, saw its share price plummet after a massive block deal erased its early morning gains.The stock had surged 20%...
STARTUP-STORIES
Biryani By Kilo Secures $9 Mn From Alpha Wave Ventures, Vevek Ventures, Others
Cloud kitchen firm Biryani By Kilo (BBK) has secured $9 million (INR 72 crore) in its Series C funding round led by Alpha Wave Ventures. Other investors in the round include Vevek Ventures, DSP HMK Ho...
TECH, CEO STORIES
Social Media Needs App Store-Level Age Checks, Says Meta's Joel Kaplan
In a recent interview, Meta's vice president of global policy, Joel Kaplan, advocated for the adoption of an "app-store" level check for age verification and consent management of users below the age ...
STARTUP-STORIES
Car services startup Park+ expects to turn profitable in March 2024
Car Care Services Startup Park+ Expects to Turn Profitable in Early 2024Park+, a car care services startup, is expecting to turn profitable by the January-March 2024 quarter and close the current fisc...
CEO STORIES
CarDekho Makes a Power Play in Shared Mobility with Revv Acquisition
CarDekho, the leading auto e-commerce platform in India, has acquired a majority stake in Gurugram-based self-drive car rental startup Revv, marking its entry into the shared mobility space. This stra...
TECH
BYJU'S delays salaries of employees for November
Edtech giant BYJU'S is facing yet another setback, with a portion of its employees reportedly not receiving their November salaries due to an "unexpected technical glitch" in the company's payroll sys...
HEALTHTECH
Healthtech Startup Zyla Secures $4 Million Funding to Boost Personalized Care for Chronic Patients
Zyla, a rapidly growing healthtech startup, has secured $4 million in a funding round led by Exfinity Venture Partners.The round also saw participation from existing investors Seeders VC and other ang...
TRENDING NEWS
UPI Transactions Cross 11 Billion Mark for Second Month in November
UPI processed 11.24 billion transactions in November, worth a staggering Rs. 17.40 lakh crore (Rs. 17.40 trillion).Despite a minor dip in transaction volume compared to October's 11.41 billion, the ov...
CEO STORIES, STARTUP-STORIES
Giva Jewellery Shines Bright with Rs 200 Crore Funding Round Led by Premji Invest
Giva Jewellery raises Rs 200 crore in a Series B funding round led by Premji Invest.The company aims to expand its omnichannel presence and establish a pan-India reach.Giva's focus on fine silver jewe...
TRENDING NEWS
Upgrad's Growth Propels Revenue to 96% Rise, but Losses Deepen by 67%
UpGrad, a leading online higher education company in India, has recorded impressive revenue growth in FY23, but its losses have also widened significantly. The company's revenue surged by 96% to INR 1...
STARTUP-STORIES
ShipGlobal Raises $2.5 Million in Funding from InfoEdge Ventures to Empower Indian SMEs in Global Trade
ShipGlobal raises $2.5 million in funding led by InfoEdge Ventures.The company aims to expand its product offerings and broaden its customer base.ShipGlobal's comprehensive logistics solutions cater t...
TRENDING NEWS
PhiCommerce Secures $10 Million Funding to Enhance Payment Solutions
PhiCommerce raises $10 million in a funding round led by BEENEXTThe company plans to expand its product offerings and broaden its customer basePhiCommerce's PayPhi solution enables businesses to seaml...
TRENDING NEWS
BharatPe FinTech Unicorn Turns EBITDA Positive:Records First Profitable Month in October 2023
BharatPe achieves EBITDA positivity in October 2023BharatPe's annualised revenue in October 2023 crossed Rs 1,500 crore, a growth of 31% from FY23.In the month of October alone, facilitated loans exce...
TRENDING NEWS
Private Equity Firm True North Ventures into Private Credit, Raises Rs 1,000 Crore
True North Ventures, a leading private equity firm, has announced its foray into the private credit landscape. The firm has successfully raised Rs 1,000 crore for its maiden private credit fund, marki...
TRENDING NEWS
Rupyy by CarDekho The Catalyst for Democratizing Auto Loans Across India
CarDekho Group has introduced its digital lending platform, Rupyy, with the aim of ensuring convenient and cost-effective access to loans for both new and used cars, two-wheelers, and electric vehicle...
TECH
Next.js: Empowering Developers, Revolutionizing Web Development
Next.js: A React Framework for Modern Web DevelopmentNext.js is a popular React framework that is quickly gaining traction among web developers. It offers several advantages over other React framework...
STARTUP-STORIES
Tally Solutions Launches Account Aggregator Services to Enhance Financial Access for MSMEs
Tally Solutions: India's trusted compliance expert for 30 years. A tech and innovation firm, committed to SMB business management software.Introducing TallyEdge, their in-house startup, designed for b...
EDUPRENEUR
Edtech Unicorn PhysicsWallah Trims Workforce: 120 Employees Ousted Following Performance Evaluation
PhysicsWallah Lays Off 120 Employees Amidst Fundraising EffortsIn a surprising turn of events, edtech unicorn PhysicsWallah has laid off 120 employees, citing performance issues. The layoffs come as t...
TRENDING NEWS, CEO STORIES
Fintech Startup Kiwi Secures $13 Million in Series A Funding Led by Omidyar Network India
In a significant development for the Indian fintech landscape, Kiwi, a credit card management platform, has successfully raised $13 million in its Series A funding round. The round was led by Omidyar ...
CEO STORIES, STARTUP-STORIES
Flatheads: Momoe Founders Conquer Fintech, Now Take on Rs 8,000 Cr Footwear Market
Ganesh Balakrishnan, a seasoned entrepreneur with a remarkable track record in building successful businesses, has embarked on a new venture – Flatheads, an innovative Indian startup that has garnered...
TRENDING NEWS, CEO STORIES
The Role of Women Role Models in Advancing Gender Equality in India's PE/VC Ecosystem
Women Role Models: Catalysts for Gender Equality in India's PE/VC EcosystemThe private equity (PE) and venture capital (VC) industry in India has emerged as a powerful engine of economic growth, foste...
CEO STORIES, STARTUP-STORIES
Neuralink, Elon Musk's Brain Implant Startup, Stealthily Secures $43 Million in Additional Funding
In a move that further bolsters its ambitious endeavors in the realm of brain-computer interfaces, Neuralink, the brain implant startup founded by Elon Musk, has quietly secured an additional $43 mill...
TRENDING NEWS, CEO STORIES
Black Friday online buying hits a record $9.8B in the US, $70.9B globally
Black Friday Online Shopping Surges, Reaching Record Highs Despite Economic ChallengesIn a testament to the resilience of consumer spending, Black Friday online sales reached a staggering $9.8 billion...
STARTUP-STORIES
Scapia Secures $23 Million in Series A Funding to Revolutionize Travel Fintech
Elevating Travel ExperiencesIn a significant boost to the travel fintech sector, Scapia, a rapidly rising startup, has garnered $23 million in its Series A funding round. The round was spearheaded by ...
TRENDING NEWS, CEO STORIES
Jupiter Neobank Invested INR 54 to Generate Each Rupee in FY23.
In the dynamic realm of fintech, Jupiter Neobank has emerged as a formidable player, garnering attention for its innovative approach to banking and its rapid user acquisition. However, beneath the sur...
CEO STORIES, STARTUP-STORIES
From Humble Beginnings to India's Fastest Unicorn: The Swiggy Saga
In the bustling world of India's tech startup ecosystem, Swiggy stands as a beacon of innovation and customer-centricity. From its humble beginnings in 2014 as a small delivery startup, Swiggy has tra...
TRENDING NEWS, CEO STORIES
Zomato ,Swiggy get notice for Rs 750 crore in unpaid taxes from DGGI
In a significant development that could have far-reaching implications for the food delivery industry, India's Directorate General of GST Intelligence (DGGI) has issued demand notices to two of the co...
TRENDING NEWS
The Model Y is set to be Tesla's inaugural car available in India.
In the realm of electric vehicles (EVs), Tesla stands as a pioneer, revolutionizing the way we perceive and experience sustainable mobility. The company's sleek, high-performance EVs have captivated t...
CEO STORIES, STARTUP-STORIES
AstroSuccess: Unveiling the Journey of Achieving 4X Profit Growth in Astrology Startup
In the realm of startups, where innovation and disruption are the cornerstones of success, Astrotalk stands as a beacon of growth and profitability. Founded in 2015, Astrotalk has emerged as a leading...