TankhaPay, India’s pioneering social security app developed by Akal Information Systems Ltd., secures a substantial $2.7 million funding from prominent Japanese investors. This app addresses the crucial need for social security among informal, gig, and temporary workers by facilitating their inclusion in government schemes such as PF and ESI. TankhaPay formalizes payroll processes, ensuring the … Read more
India’s Tata Group has reached a preliminary agreement to construct a lithium-ion cell factory in Gujarat, India, as part of its commitment to bolster the electric vehicle (EV) supply chain and reduce reliance on battery imports. With an investment of around 130 billion rupees ($1.58 billion), this initiative aligns with India’s target of achieving 100% … Read more
Navadhan Capital, a Mumbai-based fintech startup, has successfully raised $1.5 million in a seed funding round. The funding was led by Varanium NexGen, a fintech-focused fund, and included participation from existing investor Anicut Capital. Gemba Capital also contributed to the funding, as stated in a press release via BusinessWire. Navadhan Capital adopts a digital-first approach … Read more
SafEarth, India’s leading renewable energy technology platform, secures ₹3.5 crore in recent funding round. Anthill Ventures, Third Derivative, and Mumbai Angels lead the investment. The funds will support SafEarth’s product development efforts and expansion into new industrial areas nationwide. With a focus on helping industries transition from thermal power to solar energy, SafEarth has completed … Read more
Bangalore-based prop-tech startup Crib raises Rs. 15 crores in seed funding, co-led by We Founder Circle and Rebright Partners. The round witnesses participation from over 50 renowned founders and tech operators, including Vijay Shekhar Sharma (PayTM), Kunal Shah (Cred), Ghazal Alagh (Mamaearth), Ramakant Sharma (Livspace), Sandeep Aggarwal (Droom, ShopClues), Ravi Bhushan (BrightChamps, Housing), Ankur Aggarwal … Read more
Arkon Energy Pty Ltd (Arkon), a global data center infrastructure company, today announced the successful completion of a $26 million capital raise with new funding being provided by Sandton Capital Partners, a global credit-oriented asset manager and participation from JGB Management, an existing lender to Arkon. The investment into Arkon is set to bolster the company’s strategic … Read more
Boeing and Air India today announced they have finalized an order for up to 290 new Boeing jets and expanded services. At the 2023 Paris Air Show, the companies held a signing ceremony to celebrate the historic purchase of Boeing’s market-leading single-aisle and widebody jets to renew and expand Air India’s fleet. The order, which … Read more
Tata Power, a prominent integrated power company in India, is set to significantly expand its EV charging infrastructure across the country. With the growing popularity of electric vehicles, the company aims to surpass 25,000 charging points within the next five years. This commitment reaffirms Tata Power’s previously announced strategy for network growth, which was showcased … Read more
Mumbai-based fintech startup, TransBnk, has successfully raised $1 million in seed funding. The funding round was led by 8i Ventures, a prominent early-stage venture capital fund known for its successful investments in the fintech sector, including M2P, Slice, and Easebuzz. Other contributors to the funding round include Growthcap Ventures, Leadway Ventures LLP, Growth Sense, as … Read more
Drools, a renowned Indian pet food brand, has successfully secured funding from consumer growth investor L Catterton (LVMH). The private equity firm’s investment of $60 million represents a 10% stake in Drools, making it one of the most substantial investments in India’s pet care industry to date. This strategic move not only expands L Catterton’s … Read more
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
