Darwix AI has raised $1.5 million in a funding round. Key investors and early believers who participated in this round were Rebalance, IPV, JITO Incubation and Innovation Foundation, alongside Growth Sense, Growth91 and notable angels. Key angel backers include prominent startup leaders Ankit Nagori, Sanjay Suri, Amit Lakhotia, and
Following a significant block transaction by its promoter company, Samayat Services LLP, Vishal Mega Mart shares dropped 4% on June 17. Through a block sale of INR 10,000–10,500 crore, Samayat Services LLP, supported by Partners Group and Kedaara Capital, sold off about 20% of its equity, lowering
Xportel, a tech-first platform enabling Indian businesses to go global through cross-border logistics and export solutions, has raised capital in its ongoing seed funding round. The round saw co-investment from Rukam Sitara and Flipkart Ventures, with additional backing from venture catalysts and a group of notable angel investors from the
The Cedar Rapids and Decorah branches of Collins Aerospace have announced the layoff of 131 workers. Collins is now optimising its organisational structure, which includes reducing a limited number of positions and realigning its resources to better meet the needs of its customers, according to a representative who spoke with
On 16 June, the Trump Organisation revealed a $499 smartphone that will go on sale in September along with a mobile phone plan. According to its website, Trump Mobile, the new service, will include a $47.45 monthly package that includes unlimited call, text, and data, as well as roadside
The WhatsApp advertising that the Meta-owned messaging firm has formally unveiled won't appear in users' calls or chats, so don't worry. Instead of showing up in users' personal area, these advertisements will show up in the Updates tab. The Updates page, where one may
To reduce spam calls, the Telecom Regulatory Authority of India (TRAI) has started a pilot initiative to develop a digital permission management system. The regulator will verify the technical, operational, and regulatory aspects of a digital consent registration function as part of the project. To test this framework, TRAI has
Here’s your daily roundup of funding activity and key business developments from India on 16 June 2025. From fresh capital raises to leadership changes and major acquisitions, here’s everything you need to know today. 🚀 Indian Funding Digest – 16 June 2025 Startup/EntitySectorRoundAmount RaisedLead InvestorsNuvieFood & BeveragePre-seed$450 K
The accelerator program is designed to nurture and propel early-stage spacetech startups and is set to further unlock private sector support for pre-seed and seed-stage spacetech innovators SanchiConnect, India’s leading DeepTech startup network, has entered into a strategic partnership with KickSky Space Lab, an accelerator program focused on early-stage
The financial services company InCred Group's digitally first wealthtech platform, InCred Money, announced that it will buy discount broking platform Stocko to enter the retail broking market. Although the transaction's magnitude was not disclosed, those with knowledge of the situation estimated that it would be an
A media report published on 15 June stated that Allison Kirkby, the chief executive of BT Group, stated that developments in artificial intelligence may intensify the substantial layoffs already occurring at the British telecoms business. BT's goals to eliminate over 40,000 jobs and cut 3 billion pounds
According to regulatory records, Meesho, an e-commerce firm, made progress in its IPO process after the National Company Law Tribunal (NCLT) permitted the business to move its headquarters from Delaware, the United States, back to India. Meesho will now combine with the Indian company and finish the redomiciling procedure in
Bengaluru-based Nuvie has raised $450K in pre-seed funding led by PedalStart. The brand creates protein-rich, guilt-free snacks and drinks. The funds will support product innovation, brand-building, and expansion as Nuvie aims to make healthy eating both tasty and accessible across India.
Intel is getting ready to start laying off a large number of employees at its production facilities in the middle of July. This will be the company's first significant layoff since Lip-Bu Tan became CEO in March. The layoffs, which are anticipated to finish by the end of
According to reports, Goa Chief Minister Pramod Sawant has promised that the state will not allow cab aggregators like Ola and Uber. Despite the state government's notification of the draft Goa Transport Aggregator Guidelines, 2025, asking for comments and objections, this decision was made. A regulatory framework, including
Amid concerns over its long-term viability, the Indian government is presently addressing Vodafone Idea's (Vi) financial difficulties and contemplating relief measures. Vi might not be able to fulfil obligations after 2028–2029 if payment terms are not even extended to adjusted gross revenue (AGR) dues. Although measures like
Here is your daily Indian Funding Roundup for Friday, 13 June 2025. While funding activity was limited today, a few notable investments and developments stood out. 🚀 Indian Startup Funding Digest – 13 June 2025 StartupRound & AmountLead Investor(s)Valuation / Use of FundsGrowwSeries F, $200 mnGIC, ICONIQ Capital$7 bn post-money,
IPO-bound fintech startup Groww has raised $200 million in fresh funding led by GIC, pushing its valuation to $7 billion. This comes as the company gears up for its IPO and reports a threefold rise in FY25 profit to ₹1,819 crore, cementing its position as India’s leading online investment platform.
In a recent LinkedIn post, Ghazal Alagh, Co-founder of Mamaearth and Shark Tank India’s ‘Mamashark’, shared a regular but meaningful moment from her everyday life. In a world that celebrates non-stop hustle, she’s choosing something different in 2025: calm, clarity, and purpose. One day, in the middle of
On 12 June 2025, several Indian companies raised fresh funds to grow their businesses. The funding came from well-known investors and covered areas like health, technology, finance, and fashion. Here’s a look at today's funding roundup. 🚀 Indian Startup Funding Digest – 12 June 2025 Startup Sector Amount Raised
Several brokerages stated in separate notes that Rapido's entry into the food delivery market through a pilot in Bengaluru is unlikely to significantly upend the established duopoly of Zomato and Swiggy due to the business's intrinsic operational complexity, capital intensity, and customer experience issues. Bengaluru-based Rapido
In response to bank criticism of young recruits accepting offers that were made in the future, Apollo Global Management informed potential investment-banking prospects that it would neither interview nor give offers to the class of 2027 this year. Apollo outlined its reasoning in a letter to applicants on Wednesday, stating
As the Trump administration proposes massive budget cuts for the US space program, NASA issued a new plea this week for its employees to quit the agency with a new offer for job buyouts. NASA officials announced the launch of a new early retirement and deferred resignation programme on June