Entreprenuer News Network Bureau 
The Competition Commission of India (CCI) has ordered an antitrust probe into Flipkart and Amazon, two of the leading e-commerce platforms in India. The CCI is investigating whether the two companies have abused their market dominance to stifle competition. The CCI’s investigation was triggered by a complaint filed by the Confederation of All India Traders … Read more
Musashi India, a wholly owned subsidiary of Musashi Seimitsu Industries in Japan and a prominent manufacturer of transmission components for two-wheelers and four-wheelers in India, has unveiled its entry into the Indian market’s E-mobility sector. Leveraging its robust design and engineering capabilities, Musashi aims to produce a new line of electric vehicle (EV) units that … Read more
Adani Digital Labs, a subsidiary of Adani Enterprises Limited (AEL), has agreed to acquire Trainman, an online train booking and information platform, for an undisclosed sum. AEL disclosed in a regulatory filing that its subsidiary, Adani Digital Labs Private Limited, has signed a share purchase agreement to acquire 100% stake in Stark Enterprises Private Limited … Read more
The Taiwanese electronics giant Foxconn is reportedly in talks with the Indian government to set up an electric vehicle (EV) factory in the country. Foxconn is a major supplier to Tesla and other automakers, and its entry into the Indian EV market would be a major boost for the industry. The talks between Foxconn and … Read more
Mamaearth, a popular direct-to-consumer brand, has made the decision to lay off employees within its parenting content platform called Momspresso. The layoffs will impact around 80-100 employees. According to The Hindu Business Line, Mamaearth acquired a majority stake in Momspresso for ₹152.3 crore in 2021. Momspresso operates different segments, including a user-generated content platform, brand … Read more
International Institute of Information Technology Hyderabad (IIITH) and Goldman Sachs today announced the partnership to establish a Center of Excellence for artificial intelligence and emerging technologies at IIITH campus. The multi-year collaboration is focused on research and development efforts with an objective to drive innovation and unlock new opportunities across a wide range of business … Read more
Intuition, a decentralized infrastructure provider, has successfully raised $4 million in a seed round led by Superscrypt. The funding comes as Intuition prepares for the public launch of its protocol and first applications later this year. Intuition’s groundbreaking platform enables users to create attestations about any subject and store the information in a manner that … Read more
Silent Push, a detection-focused threat intelligence company, announced today the company’s launch with a total of $10M in seed funding led by global cybersecurity specialist investor Ten Eleven Ventures. Silent Push takes a unique approach to identifying emerging cyber threats by providing the most comprehensive view of global internet-facing infrastructure available and applying deep analysis … Read more
Gro Club, a direct-to-consumer (D2C) kids subscription platform that operates on the principles of circular economy, has announced securing INR 4.3 crores in funding at a valuation of INR 25 Cr. The funding round was led by Ramaiah Evolute, a startup wing of the MS Ramaiah Group. The funding round also saw participation from an … Read more
Tricog, a leading AI firm specializing in heart health, has raised $8.5 million in a Series B2 funding round led by OMRON HEALTHCARE and Sony Innovation Fund, both based in Japan. Existing investors UTEC – The University of Tokyo Edge Capital, Inventus Partners LLP, and SG Innovate also participated in the funding round. This brings … Read more
As Earth Day approaches, it’s important to consider how our everyday choices can impact the environment. One area that often gets overlooked even when we make Sustainable switches is our smartphones. With their short lifespan and constant need for charging, smartphones can contribute to electronic waste and energy consumption. However, there are sustainable smartphones available in the … Read more
Trala, the innovative online music school, is excited to announce the closing of its $8M Series A funding round, led by Seven Seven Six, with participation from Lachy Groom Fund, Altman Capital, Next Play Ventures, and Concrete Rose Ventures. This latest investment brings Trala’s total funding to $15M, supporting its mission to make world-class music education accessible to … Read more
AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million. Battery Ventures led the round with participation from current investors and Bridge Bank. Fairmatic is creating a new commercial auto insurance category with its AI-driven underwriting approach that unlocks continuous savings … Read more
Revolv, a full-service provider of electric medium-to-heavy commercial fleets, today announced it has closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management LLC (“Greenbacker”), which provides growth capital and best-in-class guidance for growth-stage clean energy companies. With the investment, Revolv will expand its operations across North America to support the growing demand for … Read more
NTPC REL has signed an MoU with INDIAN ARMY for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation. The MoU was signed by Shri Mohit Bhargava, CEO (NTPC REL) and Lt. General Rajinder … Read more
Chqbook, India’s first neobank for small business owners, has launched a specially designed “Shop Insurance Cover” for its Digital Current Account customers. This insurance solution has been designed and launched in association with ICICI Lombard one of India’s leading general insurance companies. Under this insurance, losses incurred by shop owners due to floods, earthquakes, lightening, … Read more
