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A warehouse space totalling 253,421 square feet has been leased by Zomato Hyperpure. The warehouse is situated in Palava, which is a part of the Mumbai metropolitan area (MMR), near Lodha Industrial and Logistics Park. The lease will begin on February 15, 2025, and last for five years. The
The corporate affairs ministry (MCA) has given foodtech giant Swiggy permission to incorporate Swiggy Sports Private Limited, its sports division. The company stated in an exchange filing on January 16 that the newly incorporated entity's primary goals will be to engage in sports team ownership, management, talent development,
According to a court petition by the U.S. company, Meta may have to "roll back or pause" some functionalities in India because of an antitrust injunction that prohibited its WhatsApp messaging service from sharing user data with Meta for advertising purposes. The Competition Commission of India'
National Startup Day
This year, India marks nine years of Startup India, a transformative journey that began in 2016. National Startup Day honours how entrepreneurs and startups are reshaping economies and societies. It celebrates creativity, tenacity, and innovation while emphasising the role that entrepreneurs play in advancing technology and environmentally friendly solutions. The
With a $35 million corpus, equity management platform Hissa has introduced Hissa Fund I to give the Indian employment stock option plan (ESOP) market liquidity. Established as a SEBI-registered Category II Alternative Investment Fund, the company would seek to invest in 15 to 20 companies in the development stage and
According to an internal document obtained by a renowned media outlet, Meta, the parent company of Facebook, Instagram, and WhatsApp, intends to fire some 3,600 workers who have been deemed low performers. The decision, according to CEO Mark Zuckerberg, is an attempt to "raise the bar on performance
According to reports, Zetwerk, a B2B marketplace backed by Peak XV, has selected six bankers to lead a possible $500 million IPO later this year. According to an international media agency, Zetwerk has nominated Kotak Mahindra Bank, Jefferies Financial Group, Axis Capital, Goldman Sachs Group, JM Financial, and JPMorgan Chase
On board SpaceX's Transporter-12 mission, Digantara, a space surveillance business located in Bengaluru, is scheduled to launch its first dedicated surveillance satellite, SCOT (space camera for object tracking). Notably, SCOT fills in the gaps in the current global space surveillance systems by being built to track resident space
LinkedIn influencers are being urged by the Advertising Standards Council of India (ASCI) to follow the guidelines that require them to disclose any significant relationships they have with the companies, goods, or marketers they endorse. According to a statement from ASCI, this action attempts to maintain the integrity of influencer
According to a media report, Breathe Well-being, situated in Delhi NCR, laid off over 100 workers during a reorganisation exercise last week. According to the report, the startup's inability to secure new investment and its short six- to one-year runway were the reasons for the layoffs. The reorganisation
Finance Minister (FM) Nirmala Sitharaman stated on January 13, 2025, that India must develop tech-savvy forces to safeguard its digital world, which is a driver of economic growth, at a time when technology, if abused by special interests, can jeopardise the nation's financial services and national security. Speaking
According to reports, Urban Company, a startup providing hyperlocal services, plans to submit draft documents for its INR 3,000 Cr IPO by the end of March. According to a report that cited sources, the company will issue both new and existing shares in its first public offering (IPO). The
The Securities and Exchange Board of India (SEBI), which oversees capital markets, has given JSW Cement Limited, a division of the global conglomerate JSW Group, its final approval to raise INR 4000 crore through an initial public offering (IPO). On August 16, the business submitted its IPO documents to the
The completion of community development projects in Hyderabad's Meerkhanpet, Kandukur Mandal, which is a part of the Rangareddy district, was announced by Amazon Web Services (AWS) India. The local community received the freshly rebuilt facilities for a health sub-centre and self-help group (SHG) resource centre, a public park,
Ambarish Kenghe, a former Google Pay executive, has been appointed as the new group chief executive officer (CEO) of listed online stock broking giant Angel One. Angel One stated in a filing with the exchanges that Kenghe will begin working for the company on March 6, 2025, at the latest.
The website and mobile app of Dunzo, a hyperlocal delivery startup, are unavailable due to continuous issues. The message "{"error":"Something went wrong."} appears on its website. The message "Something doesn't seem right" appears on the mobile app. The app does
According to a media report, stockbroking company Groww has been in talks with several investment bankers about its initial public offering (IPO), hoping to earn about $700 million at a valuation of $7-8 billion. Groww has begun the IPO process by working with investment bankers. The timing hasn't
The 'Bharat Cleantech Manufacturing Platform' was launched by Commerce Minister Piyush Goyal. In order to promote cleantech manufacturing in the nation across industries like solar, wind, hydrogen, and battery storage, the platform will attempt to bring together players from policy, industry, finance, and research. The project was created
Based in Bengaluru, in a Series A fundraising round headed by 8i Ventures, Boba Bhai, a quick-service restaurant (QSR) brand that specialises in bubble tea and other culinary products, has raised INR 30 Cr, or roughly $3.4 million. Numerous current investors, including DEVC, Global Growth Capital, and Titan Capital
The merger of Mumbai-based Kiranakart Technologies, the company behind the fast commerce platform Zepto, with its Singapore-based affiliate, Kiranakart Pte Ltd, has been accepted by the National Company Law Tribunal (NCLT). Zepto becomes an Indian firm after the NCLT order, and there is no resistance to the two companies'
According to reports, Ather Energy, an electric car startup, is aiming for a $2.4 billion value for its impending initial public offering (IPO) this year. The new valuation is more than 80% higher than its previous round of fundraising, according to a media story that cited sources. The firm
The third cohort of India's women-focused fintech program was jointly launched by the Reserve Bank Innovation Hub (RBIH) and IIMA Ventures. Fintech innovators can use SwanariTM TechSprint 3.0 as a platform to design, create, and scale solutions that cater to the particular financial needs of women. According
On January 9, M Nagaraju, the secretary of financial services, announced that the Union government would shortly introduce a new credit guarantee program for the MSME sector that would cover loans up to INR 100 crore. He stated on the last day of Grameen Bharat Mahotsav that the centre is
In a recent Rajya Sabha session, Union Minister of State for Commerce and Industry Jitin Prasada revealed that Uttar Pradesh (UP) has become a notable state, home to about 9% of all startups in India. To encourage creative business endeavours and strengthen the startup ecosystem, the Uttar Pradesh government has