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Leading Israeli Startup EVR Motors to Showcase Innovative Line of “Trapezoid Stator” Motors at Auto Expo – 2023

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Leading Israeli startup EVR Motors will showcase a range of high-power density electric motors, based on its innovative “Trapezoid Stator” motor topology at Auto Expo Components 2023 in Pragati Maidan, New Delhi. EVR motors has developed a unique, patented motor topology: The “Trapezoidal Stator” Radial Flux Permanent Magnet (TS-RFPM) Motor. Compared to standard motors, EVR’s electric motors … Read more

850 happy farmers join Akshayakalpa Organic in 2022, aims to reach 1500 by end of 2023

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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

Confluent announces intent to acquire Immerok

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US-headquartered Confluent, Inc., the data streaming pioneer, today announced that it has signed a definitive agreement to acquire Immerok. Immerok is a leading contributor to Apache Flink, a powerful technology for building stream processing applications and one of the most popular Apache open-source projects. Immerok has developed a cloud-native, fully managed Flink service for customers looking … Read more

KreditBee Closes 2nd Round of $200 Mn Series D Funding

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KreditBee, one of India’s top fintech platforms, raised an additional USD 100 million in primary investment from Advent International (“Advent”), one of the world’s largest and most experienced private equity investors, as part of an extension of its Series D transaction. Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, and current investors Premji Invest, Motilal … Read more

HARMAN Introduces DefenSight Cybersecurity Platform at CES 2023

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HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies and solutions for automotive, consumer and enterprise markets, today announced that its Digital Transformation Solutions (DTS) business unit is introducing DefenSight Cybersecurity Platform to help enterprises keep their IT systems safe and secure using real-time threat intelligence analytics. The new platform will … Read more

MetaMan acquires Drip Project for 1 mn USD

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MetaMan, a men’s jewellery business, announced the acquisition of Drip Project, a new-generation cheap luxury jewellery firm, for USD 1 million. This strategic acquisition will strengthen MetaMan’s position in the country’s burgeoning industry for men’s online jewellery. Drip Project Co-Founders – Harsh Maskara will join Metaman as a Co-Founder, and Rohit Golia will join the … Read more

FLAME University conferred a ‘Diamond’ and ‘Platinum’rating from QS I-GAUGE

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FLAME University has recently been awarded an overall ‘Diamond’ rating in recognition of its excellence in several parameters as an outstanding university by QS I-GAUGE. Furthermore, in criteria-based ratings, the university received the highest rating—”Platinum” in Teaching and Learning. The university also secured a Diamond rating in Faculty Quality, Facilities, Diversity & Accessibility and Research … Read more

D2C Hijab Brand – Hijab Kart Launches New Website

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Hijab Kart is excited to declare the launch of its new website, hijabkart.in. We have brought for you a range of hijabs in-store, making it easy for you to view it, wishlist it, and finally Kart it. For day-to-day casual wear, scan our cotton collection, which offers comfort complemented by style. Or you may choose to stand … Read more

FinTech Startup Money View Nears Unicorn Status with $75 Mn Round

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Money View, an online credit lending platform located in Bengaluru, has raised $75 million in its current Series E round of fundraising led by Apis Partners, a UK-based asset management business that invests in early-stage companies. Tiger Global, Winter Capital, and Evolvence were among the other investors in the round. The fintech business is now … Read more

LenDenClub named Nirmal K. Rewaria as CBO – Investments

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LenDenClub, India’s peer-to-peer lending network, is assembling a powerful leadership team as it prepares for its next development phase. To that end, the RBI-registered NBFC-P2P has named Nirmal K. Rewaria as its Chief Business Officer – Investments. Nirmal has over two decades of market-tested experience pushing organisational goals in diverse business functions such as business … Read more

Neelesh Marik joins iThrive Board of Directors

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iThrive, health and wellness startup has announced the appointment of Neelesh Marik to its Board of Directors. Marik comes with 30 years of experience in established blue-chip start-ups across a wide array of products, including consumer and industrial. His expertise spreads over the service sector in a variety of industries like consulting, technology and education. … Read more

Motorola Partners with Reliance Jio to Enable True 5G Across Its Extensive 5G Smartphone Portfolio in India

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With customer-centricity and innovation at its heart, Motorola is committed to giving consumers in India a ‘No Compromise’ – True 5G experience that allows them to discover, connect, and expand in the world around them through 5G. Motorola, in partnership with Reliance Jio has ensured that its 5G smartphones in India support Jio’s advanced Stand-Alone … Read more

Elon Musk’s SpaceX Raises $750 Mn in Funding

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According to CNBC, Elon Musk’s commercial rocket startup SpaceX has raised $750 million in its current investment round led by venture capital firm Andreessen Horowitz, which previously invested in Musk’s $44 billion takeover of Twitter. However, neither SpaceX nor the investors have provided official confirmation. SpaceX’s newest fundraising increased the SpaceTech startup’s valuation to $137 … Read more

Indian Languages OTT Platform Stage Raises Rs 40 Cr in Funding

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According to the Economic Times, Indore-based STAGE, the World’s first OTT platform in indigenous Indian languages/dialects, has raised Rs 40 crore in a fundraising round led by Blume Ventures. STAGE is an Indian language content platform (OTT) for artist-led entertainment such as poetry, comedy, and storytelling. Other investors in the new round of fundraising included … Read more

Temasek-backed rural fintech firm SarvaGram raises $35 mn

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According to Business Insider, Mumbai-based SarvaGram Solutions raised $35 million in a Series C round headed by Elevar Equity. SarvaGram Solutions specialises in financing to rural communities. TVS Capital Funds, Elevation Capital, and Temasek were among the additional investors in this round. In order to fulfil the expanding needs of rural India, SarvaGram is the … Read more

RateGain to acquire US-based Adara

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RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, today announced that it has entered into a definitive agreement to acquire Adara Inc. (Adara) through an asset purchase agreement. The Silicon Valley headquartered global leader in predictive consumer intelligence to enhance its AI-powered DaaS (Data as a Service) and … Read more

actyv.ai appoints Karan Dixit as regional vice president – BD, sales and GTM (Middle East, Africa and Turkey)

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actyv.ai, headquartered at Singapore and a category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has announced the appointment of Karan Dixit as Regional Vice President – BD, Sales and GTM (Middle East, Africa and Turkey). A techno-commercial leader, Karan comes with two decades of experience in IT, research and software … Read more

WardWizard Sells More than 43k units of electric two-wheelers in CY 2022

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WardWizard, a leading manufacturer of electric two-wheeler brand ‘Joy e-bike, zooms into the new year with a 131.6% hike in sales in CY 2022 (Jan –Dec 2022). Adding to the details, the company sold a whopping 43, 914 units of electric two-wheelers as compared to the last calendar year. Last year between Jan and Dec 2021, the company … Read more

CarDekho Revenue Up By 81% In FY22

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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

E-bike startup GearHead raises 6Cr funding in a pre-Seed round

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Hemin Shah, Director of US-based talent consultancy Collabera, and Sudhakar Moparthy led a pre-seed funding round of Rs 6 crore for Hyderabad-based e-bike startup GearHead (Director of US-based IT company Skillbanc). The startup intends to use the funds raised to increase the scope of its activities throughout India, produce electric bikes to spur the market … Read more