The INR 3 crore investment includes INR 1 crore for a 1% equity stake and INR 2 crore as debt; this contemporary men’s apparel and accessories brand is expected to cross INR 140 crore in net revenue this year with over 40% year-on-year (YoY) growth In the latest episode
PhysicsWallah (PW), the renowned edtech unicorn, has appointed three independent directors to its board as it prepares for an initial public offering (IPO) later this year. The new appointees are Nitin Savara, Rachna Dikshit, and Deepak Amitabh. Strategic Board Appointments The inclusion of these independent directors is a strategic move
Amrut Energy Pvt Ltd, a leading manufacturer of solar water pumps and renewable energy solutions from Ahmedabad, has successfully raised INR 100 crores in funding from private equity investors. This strategic investment will propel the company's rapid growth, expand its manufacturing capabilities, drive research and development, and scale
* Neural Defend is a cutting-edge cybersecurity startup specializing in AI-driven, real-time deepfake detection. * The funds raised will be utilized for R&D and product development, strengthening its proprietary AI technology. * Neural Defend is currently conducting pilot projects in New York and Singapore, demonstrating its global applicability. * Inflection Point Ventures
Mumbai, March 13th, 2025: Purple Style Labs (PSL), the parent company to Pernia’s Pop-Up Shop, has secured approximately $40 million in Series-E funding led by SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Bajaj Holdings & Investment and Minerva Ventures Fund, including by way of secondary investments.
Flipkart cofounder Binny Bansal has announced his latest venture, Opptra, a tech-driven company designed to help brands scale across Asia through franchising. The company will focus on categories such as fashion and lifestyle, home and kitchen, and electronics, aiming to streamline market entry for brands looking to expand in the
Elon Musk's Starlink has joined forces with India's leading telecom companies, Reliance Jio and Bharti Airtel, to bring satellite internet services to the country. These partnerships aim to enhance internet access, especially in remote and underserved regions. Reliance Jio's Collaboration with Starlink Reliance Jio,
* With a top speed of 105 km/h and acceleration from 0 to 40 km/h in just 2.55 seconds in Sonic mode, the Simple OneS stands as the quickest and longest-range electric scooter in its price category * The vehicle is powered by an 8.5kW PMSM motor and
Surobhi Das, former Chief Operating Officer (COO) of Zomato, has teamed up with Deepinder Goyal, the CEO of Zomato, to launch LAT Aerospace, a new aerospace startup. Goyal has invested a million into the venture and will serve as a non-executive co-founder, while Das will oversee daily operations. LAT Aerospace
* Second dedicated India fund builds on Bessemer’s nearly two-decade-long presence in the country and reinforces its commitment to supporting technology and innovation-driven businesses * The fund will focus on early-stage startups and support them through subsequent growth stages * Bessemer will focus on investments across AI, SaaS, fintech, digital health, consumer,
According to a media report, IPO-bound Groww will begin providing wealth management services to wealthy clients under the name W through a distinct arm. The online investment platform, which already provides investment options including equities, mutual funds, and exchange-traded funds (ETFs), will be expanding under a separate organisation for the
* Change Engine will support 6 AI startups developing ML stack technologies and business applications from India for the world. * The 6-month accelerator program features a cutting-edge sandbox for building AI products, a customer advisory board in Silicon Valley, and a mentor network of successful entrepreneurs. * Change Engine founders bring over
N. Chandrababu Naidu, the chief minister of Andhra Pradesh, stated on 10 March that the government is forming a task force and attempting to establish a "Quantum Valley" in the state in order to gain a competitive edge in this revolutionary field. The chief minister stated that he
Leading Indian tech companies, including TCS, Infosys, and Wipro, have been encouraged by Union IT Minister Ashwini Vaishnaw to create a mobile operating system especially for India. "I urge our leading tech companies—Infosys, TCS, and Wipro—to accept this challenge: create a mobile operating system for our nation,
Perfios, a Bengaluru-based software development company, has added the AI-driven debt management and collections platform CreditNirvana to its extensive range of business-to-business (B2B) products for an unknown sum. The agreement was made one month after the fintech company, which specialises in fraud detection and software solutions for financial institutions'
Investors are alarmed by President Donald Trump's tariffs, and a stock market sell-off has erased $4 trillion from the S&P 500's top last month, when Wall Street was applauding most of Trump's program, due to fears of an economic slowdown. Businesses, consumers,
March 11, 2025: Angad Bhatia has been appointed as the CEO of Firstpost and Creator18, a brand-new and exciting venture from the Network18 stable. In addition to shepherding Firstpost, India’s most credible international news brand, he will lead the building of a creator network on off-platform extensions across our
Online travel aggregator ixigo has approved a new Employee Stock Option Scheme (ESOS) for 2025, allocating 1.2 crore (12 million) stock options to its employees. This move aims to attract and retain talent while aligning employee interests with company growth. ixigo's board has approved granting stock options
OpenAI is back at it, and this time, it's not about making AI smarter. Instead, it is about making your wallet significantly lighter. The company is gearing up to launch AI agents with subscription plans ranging from $2,000 to $20,000 a month. Yes, you read that
In a bid to strengthen its net worth, Mufin Group has acquired LKP Finance in an all-cash deal, resulting in the group’s net worth increasing by INR 370 crore. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will be able to expand rapidly
With a focus on strengthening collaboration amongst stakeholders across the globe, delegates from 30+ countries joined in for an evening of innovation and startups at Vanijya Bhawan on Thursday. The organizing committee members of Startup Mahakumbh supported the Department for Promotion of Industry and Internal Trade (DPIIT) and showcased the
The German automaker Volkswagen has now revealed its upcoming electric vehicle project. After being promoted earlier this year, the company has now introduced ID.Every1, their entry-level EV. The ID.Every1's production-spec model, which is now only a pre-production concept, will begin to be sold in Europe in
Aiming to get more people back on campus, Infosys has instructed its tech workers to follow its policy of working from the office ten days a month. Functional heads at the Bengaluru-based company emailed their colleagues to advise them to restrict the amount of work-from-home days they apply for, starting
According to reports, the Competition Commission of India (CCI) has received a petition from the All India Consumer Products Distributors Federation (AICPDF) accusing Blinkit, Zepto, and Swiggy Instamart of monopolising the market and charging unjust prices. According to a media report, AICPDF President Dhairyashil Patil made the petition. According to