Entreprenuer News Network Bureau 
Higher education startup Sunstone, based in Gurugram, has announced its ESOP (employee stock ownership) buyback, which was orchestrated by WestBridge Capital and involved a total transaction of Rs 18 crore. This buyback benefited twenty Sunstone employees, both present and past, who had been with the business from its inception. 57% of the vested shares held … Read more
Turno, India’s leading commercial EV marketplace, has announced several key senior leadership appointments. These are aimed at expanding the company’s reach and making EV adoption more reliable, affordable, faster, and sustainable. Turno provides a one-stop solution for commercial electric vehicles, offering buying, financing, guaranteed buyback, and battery recycling. Commercial Internal Combustion Engine (ICE) vehicles account … Read more
Environmental, social, and governance (ESG) have become more than a buzzword that has effectively made its rounds in various industries. It demonstrates the way businesses have been measuring up to others in the realm of environmental protection. Environmental factors (like pollution, sustainability, greenhouse emissions, and waste management) denote how a company’s activities impact the environment … Read more
Vikas Agarwal has been named co-founder and chief business officer of Credit Fair, a consumer lending fin-tech start-up. He will oversee Supply of Capital activities in this new position, including collaborations with Independent Financial Advisers and Co-lending Partners. In order to speed up Credit Fair’s business growth, he will also oversee the establishment of strategic … Read more
Within the first quarter of 2023, Delhi-based Physics Wallah—which became a unicorn last year—plans to hire 2,500 people in various verticals. The announcement comes as several Indian startups and technology companies are cutting off staff in an effort to cut operational costs and turn a profit. Over 60,000 people lost their jobs in January alone, … Read more
Alkem Laboratories subsidiary Enzene Biosciences (Enzene) has raised $50 million from Alkem Laboratories, Eight Roads Ventures, and F-Prime Capital. The company wants to expand in India and the US by using the funds it has raised to enhance production capabilities. Enzene, a company with its headquarters in Pune, has developed fully integrated biotech process development … Read more
In its latest round of funding, led by Nexus Venture Partners, CapGrid, a B2B cloud manufacturing startup for precision parts, announced it had raised $ 7 million. Existing investors Axilor and Anicut Capital also participated in the round. In the round, Deepak Jain, a senior partner at Bain and the director of the automotive business … Read more
Ayena Innovation is a Ranchi, Bihar-based startup that works in the home furnishings and décor industry. JSW Steel Coated Products (JSWSCPL), a wholly owned subsidiary of JSW Steel, announced that it has reached an agreement to buy a 31% ownership in the company for a cash payment of INR 59.9 crores. JSWSCPL will be able … Read more
With an aim to empower young students, Spreading Happiness InDiya Foundation (SHIF), a non-profit collaboration between cricketing icon Sachin Ramesh Tendulkar and Schneider Electric India is on a mission to provide access to digital education in more than 150 Rural Indian schools by 2025 under the SMITA Program. Through this association, they also aim to introduce the concept of Digi Green wherein … Read more
Delhivery, India’s largest fully integrated logistics provider, has scaled its engagement with many D2C brands, including The Souled Store, a casual wear brand, and Nestasia, a home-decor company through its full suite of integrated services designed to meet evolving customer requirements. While Nestasia and The Souled Store initially used Delhivery’s express parcel services, both now … Read more
Globesecure Technologies a digital transformation company in India with a focus on cyber security is in advance stage of due diligence for acquiring stake in ProTechmanize Solutions Private Limited. The proposed acquisition of stake in this Company will enable Globesecure Technologies Limited strengthen its position in the growing digital transformation as it operates in cyber security services … Read more
Private equity company GEF Capital Partners reported investing more than 500 crore in e-mobility firms Electra EV and Hero Motors Ltd. This is a step in the climate-focused investor’s plan to increase its stakes in India’s climate and sustainability potential. With this, GEF has invested eight times over the last four years. Independent EV powertrain … Read more
Pune-based health and wellness startup, iThrive has joined hands with Illuminations, one of the leading wellness companies in the UAE and the Middle East to offer its functional nutrition courses in GCC countries. Functional Nutrition is an alternative medicine modality that claims to use advanced medical testing and the most up-to-date medical science to uncover … Read more
Cars24, a locally developed auto e-commerce platform, announced that it will hire more than 500 people in the upcoming three months to bolster its current staff. The company claims that its hiring efforts would be concentrated on both technical and non-technical roles. Positions have opened in the following departments: technology, product, data sciences, engineering, business, … Read more
Instalogist, a truck booking app and cargo marketplace platform for long-haul transportation, has been acquired by Bengaluru-based Vahak, a transport community business, for an undisclosed sum. According to Vahak, the acquisition will allow them to grow faster and expand their network, thus enhancing their ability to support the Indian road transportation industry. Through its Truck-&-Load … Read more
New-age digital entertainment and technology company, JetSynthesys, has acquired majority stake in Fanory, a start-up that helps creators monetize better than what is possible on social media platforms. As part of this transaction, JetSynthesys has onboarded ex-Twitter India Head and Fanory’s co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys. Shareholders of JetSynthesys include the family … Read more
