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
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
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
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
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
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
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 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
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
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
Akshayakalpa Organic, India’s first certified organic dairy manufacturer has added 450 farmers to their existing cluster of 400 farmers in the year 2022. It has been a humble journey for Akshayakalpa since 2010 with the twin objectives of providing nutritious milk and other dairy products to consumers that are produced by financially successful and independent … Read more
CarDekho, India’s leading auto-tech group, announced results for the financial year 2021-2022. The group registered an impressive 81 per cent growth in consolidated revenue from operations, increasing to INR 1,598 crore in FY22 from INR 884 crore in 2021. The total expenses of the group increased by 70 per cent thereby signifying a strong operating leverage. … Read more
In a cash and equity transaction, the content-to-commerce conglomerate The Good Glamm Group purchased a 51% majority stake in the digital media firm Tweak India. The Good Glamm Group’s unique content-creator-commerce play will be significantly strengthened by the greater access to the Tier 1 demographic that this strategic purchase would provide. The content-creator-commerce stack of … Read more
The deal gets EaseMyTrip to foray into the growing air charter services market in India and abroad. EaseMyTrip, India’s one of the largest online travel tech platforms, today announced it will invest in and acquire* Gujarat’s GIFT city-based Nutana Aviation. The acquiree* company is in the business of offering charter solutions to clients in India … Read more
IVY Growth a new age organisation who associate with start-ups and start-up founder and collaboratively work towards building a startup ecosystem that is sustainable and scalable, celebrates its 1st Year Anniversary with a whooping 65+ Start-up Investments. With an overall syndicate funding of 12Mn$ from their network of angel investors it has set the tone … Read more
LoanTap announced the launch of India’s biggest electric two-wheeler online marketplace. With the presence of India’s top brands and over 1000 dealers in one place, customers will have a wide range of options to choose from. They can check out the features and pick the bike of their choice without worrying about funds. In the … Read more
