Escape Plan, a Bengaluru-based lifestyle startup, has raised $5 million in seed funding led by Jungle Ventures via First Cheque@Jungle and Fireside Ventures. Founded by Abhinav Pathak, previously founder of Perpule (acquired by Amazon in 2021) and Abhinav Zutshi, a veteran of Indian retail with experience at Big Bazaar,
From Reliance jumping into the fashion quick commerce race to CoinDCX announcing a massive crypto bounty programme, the day was packed with movement. On the funding front, Hudle, EduFund, and others attracted fresh capital. Here's your quick roundup of the top funding deals and key business news in
After being accused by the market watchdog of manipulating index prices to increase profits at the expense of small investors, Jane Street, a US-based trading firm, found itself at the focus of a regulatory maelstrom in India. SEBI Accuses Jane Street of Index Price Manipulation The company was temporarily prohibited
According to a July 21 business filing, Larsen & Toubro subsidiary L&T Energy GreenTech would establish India's first green hydrogen facility at Indian Oil's Panipat refinery in Haryana on a build-own-operate basis. 25-Year Deal to Supply 10,000 Tonnes Annually to IOC An important
Microsoft has warned of "active attacks" against server software used by businesses and government agencies to share internal documents. Users were instructed by the IT giant to install the recommended security fixes right away. FBI, Microsoft Confirm Coordinated Attacks Although it could not provide any additional details, the
The exponential expansion of the Unified Payments Interface (UPI) has made India the world leader in quick digital payments, according to a recent International Monetary Fund (IMF) study titled "Growing Retail Digital Payments: The Value of Interoperability." India Takes the Lead in Real-Time Payments, Says IMF The National
With plans to release Baby Grok, a kid-safe version of Grok, Elon Musk is changing course after making news with three contentious AI companions. Musk has not yet disclosed any additional information, but the statement has drawn criticism, particularly in light of Grok's current AI avatars' controversial
* Round led by Sky Impact Capital, joined by Physis Capital. * Additional investors include Atrium Venture, tennis legend Mahesh Bhupathi, TV presenter and Producer Gaurav Kapur, Blue Tokai and Nitro Commerce founders * Launching GRIP (Game Rating Index for Players), India’s first-ever scoring & rating system for pickleball, padel and badminton
Ahmedabad (Gujarat) [India], July 19: Nilkanth Equipments is a 'one-stop shop' providing a wide range of first-class equipment, cutlery, and crockery for the HoReCa industry. Throughout the years, Nilkanth Equipments has developed itself as a leading company in the hotel supply industry. Having started with nothing in hand,
Truecaller, the leading global communications platform, today announced its interim financial results for the first half of fiscal year 2025 (January-June 2025). The report highlights continued robust performance across its key revenue streams and a growing user base, with India remaining a significant contributor to this success. For the first
* Increase in standalone revenue at Rs. 346 Crore, representing YoY growth of 10% * The net profit for the quarter stood at Rs. 154 Crore, representing a margin of 33%. * Consolidated Revenue from Operations of Rs. 372 Crore, YoY growth of 12% * Standalone EBITDA at Rs. 135 Crore, representing an EBITDA
Omspace raised fresh capital to build its small satellite launch vehicle, BQP secured funding to scale its quantum-powered digital twin platform, and Udaan made a strategic move by acquiring ShopKirana. Here’s your quick roundup for 18 July 2025 of the top funding deals and key business news in India.
"Faulty auto translation of Kannada content on Meta platforms" has drawn harsh criticism from Karnataka Chief Minister Siddaramaiah. This comes after Meta's automatic translation engine mistranslated a Facebook condolence message from the chief minister's office and pronounced Siddaramaiah deceased. Originally composed in Kannada to
The Directorate General of Civil Aviation (DGCA) has type certified Amber Wings, a sister company of Chennai-based air mobility startup The ePlane Company, for their hybrid cargo drone. Amber Wings says this makes them the first Indian firm to get their hybrid cargo drone approved. Companies must apply for type
The acquisition of Kelvinator by Reliance Retail Ventures Limited (RRVL), a division of Reliance Industries, represents a calculated move into India's growing consumer durables market. Reliance Retail's unparalleled distribution power and Kelvinator's legacy are intended to be combined in this purchase. Known throughout the
According to Lenovo, a Chinese computer manufacturer with its headquarters in Morrisville, the corporation is cutting off 3% of its American employees. Like other businesses, Lenovo routinely reviews its cost structure to correspond with external market conditions and make personnel modifications as needed, according to a statement released on July
KARM BABA which operates as a smart B2B marketplace to bridge the gap between traditional industries and modern trade ecosystems. The growing venture, part of the KARM Baba Group, has successfully completed a funding round with high-net-worth investors from overseas. As part of the deal, it sold 3% stake in
BQP, a dual-use quantum-accelerated simulation software company, has raised an oversubscribed $4.9 million seed round to expand its unified digital twin platform, BQPhy®, for mission-critical industries, including aerospace, defense (A&D), and semiconductor. The raise follows a strategic collaboration with theAir Force Research Laboratory Aerospace Systems Directorate (AFRL/
On July 17, OpenAI unveiled a new AI agent for its ChatGPT chatbot, enabling it to do intricate tasks online without human oversight as the Microsoft-backed business steps up its efforts to maintain its lead in the cutthroat AI market. Users of ChatGPT's Pro, Plus, and Team plans
On 17 July 2025, India’s startup ecosystem saw fresh funding across sectors like health food, robotics, packaging, and AI. At the same time, major companies like Airtel, Flipkart, and Jupiter announced key product and business updates. Here’s a roundup of all the top funding deals and key business
According to reports, the government will examine Dixon Technologies' recent deals with Chongqing Yuhai and Kunshan Q Technology, two Chinese electronics companies, as well as other domestic electronics manufacturers. According to a media agency, an official told them that when their application falls under Press Note 3 regulations, proper
According to reports, the Maharashtra transport department has filed a lawsuit against bike taxi platforms for operating unlawfully in the Mumbai metropolitan area. The Maharashtra transport department reported to a news source that 123 bike taxi drivers operating in the area were the subject of complaints filed by regional transport
With the goal of producing 60 GW of renewable energy capacity by 2032, the state-owned National Thermal Power Corporation Limited was given permission to invest INR 20,000 crore by the Cabinet Committee on Economic Affairs, which was chaired by Prime Minister Narendra Modi. Furthermore, the Cabinet granted a unique