Entreprenuernewsnetwork

Small Town Dreams, Big City Struggles: Can Remote Work Bridge the Gap?

Millions of young Indians from smaller towns and villages chase their dreams in bustling metros like Mumbai, Delhi, and Bangalore. These cities offer career opportunities, but at a steep cost. Exorbitant rents, high living expenses, and long commutes eat away at hard-earned salaries. The High Price of Opportunity: A recent report by the National Housing … Read more

Superfoods Valley Targets 50+ Age Group with New Healthy Living Program

Superfoods Valley, a leading nutrition and food-tech start-up headquartered in Bengaluru, announces the launch of its second product, Good Monk: Healthy 50+. This scientifically formulated nutrition mix addresses issues related to gut health, energy levels, bone health, and mental function.  It’s packed in an easy-to-carry small sachet and harnesses the power of 20 carefully selected Nutrients … Read more

Hinduja Global Solutions (HGS) Reports Strong Q1 FY2024 Performance Amidst Changing Business Landscape

Hinduja Global Solutions (HGS), a prominent player in the business process management (BPM) and digital media industries, has announced its unaudited financial results for the first quarter of the fiscal year 2024. Listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), HGS has shown commendable growth and adaptability in the … Read more

Pristyn Care Adds 600 New Employees to Fuel Expansion Plans

Pristyn Care, the leading healthcare provider, is delighted to announce significant employee expansion in the last quarter. The company has strengthened its workforce by welcoming 600 talented individuals on board. To fuel its expansion, Pristyn Care has strategically hired 500 care coordinators, strengthening its operations and driving business growth. Additionally, the company has brought on … Read more

TVS Credit Services’ AUM Grows 42% in Q1, Adds 10 Lakh New Customers

TVS Credit Services Limited, a leading NBFC in India, has recently disclosed its unaudited financial results for the first quarter of FY24, concluding on June 30, 2023. During this period, the company’s Assets Under Management (AUM) reached an impressive Rs. 21,924 Crore, marking a significant increase of Rs. 6,528 Crore from the previous year’s June … Read more

Rs 12,000 Crore Poultry Empire: How This Man Built a Fortune Without IIT or IIM

B Soundararajan and GB Sundararajan, prominent figures in India’s poultry industry, have risen to become some of the wealthiest poultry farmers in the country. Their remarkable journey began back in 1984 when they embarked on their poultry business venture with a modest initial investment of Rs 5000. The location of their first poultry farm was … Read more

GlobalData Reveals Massive 76.4% YoY Decline in Venture Capital Funding for Indian Startups in H1 2023

During the first half of 2023, the Indian Startup Ecosystem faced a significant setback in venture capital (VC) funding activity, resulting in a noticeable impact on the overall value, as per GlobalData, a prominent data and analytics company. The report highlights that a total of 568 VC funding deals worth $3.7 billion were announced in … Read more

The Rise of La Pinoz Pizza: A Homegrown Success Story

In the vibrant city of Chandigarh, a local pizza brand called La Pinoz Pizza emerged. Despite its name and appearance suggesting otherwise, this brand had its origins right in the heart of the city. It all began in January 2011, when La Pinoz Pizza opened its doors in Sector-9, Chandigarh. This small establishment, known as … Read more

Momspresso, Owned by Mamaearth, Announces Layoffs, Impacting 80-100 Employees

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

Genesis and IGL signs JV Agreement to invest Rs 110 cr to set up meter manufacturing plant

Vikas Lifecare Limited is pleased to announce that its subsidiary company Genesis Gas Solutions Pvt. Ltd. (Genesis) enters into Joint Venture Agreement with Indraprastha Gas Limited (IGL) to set up India’s first Integrated Smart Meter Manufacturing Plant with Capital Expenditure of Rs. 1100 millions. IGL and Genesis joined hands to establish India’s first Integrated State-of-the-art Smart … Read more

ReadyAssist acquires SpeedForce for $10 million

A multi-brand two-wheeler workshop chain called SpeedForce has been acquired by Bengaluru-based ReadyAssist, a roadside assistance business, for $10 million in cash and equity. The announcement comes two months after it secured $5 million in a fundraising round headed by Howen International Fund, SPC. With this, ReadyAssist hopes to compete in India’s largest network of … Read more

Vahak acquires Instalogist, a truck booking app

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

Grampreneurs Aims To Bring Grassroots Entrepreneurs From Across India

To commemorate National Startup Day 2023, a unique app was launched by India’s leading non-profit, Bharatiya Yuva Shakti Trust. An Android-iOS mobile application, the platform aims to bring grassroots entrepreneurs from across India together on a single platform. Entrepreneurs who were extended a loan and mentored, as well as those who had been counselled only, … Read more

Meghmani Finechem’s Revenue up 27% in Q3FY23

Meghmani Finechem Limited (MFL), India’s leading integrated chemical manufacturer, today announced its financial results for the quarter and nine-months ended December 31st, 2022. The company delivered a strong operating and financial performance. The chemical major posted a 27% jump in its revenue for Q3FY23 to ₹ 538 Cr as compared to Q3 of FY22. Commenting on the results Maulik … Read more

India Ranks 4th Globally for Tech VC Investments in 2022 According to New Report from Dealroom

Global tech investors continue to put large sums of money into Indian tech companies despite a challenging global economic climate, with a recent report conducted by Dealroom and London & Partners revealing that India ranked 4th globally with $24.1B worth of VC investments in 2022. Further analysis from the research showed that $10.7bn of that … Read more

India’s startup funding in 2022 double the pre-pandemic level: PwC India Report

Funding for Indian startups in CY22 was nearly USD 24 billion, a drop of 33% in comparison to CY21 but was still more than twice the funds raised in CY20 and CY19 each. As per the PwC India report titled, “Startup Deals Tracker – CY22”, early stage funding grew by 12% as compared to CY21, showing that despite the global slowdown, investors … Read more