Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more
Beginning in August 2023, Amazon India will discontinue its online learning programme for the nation’s high school pupils. To assist students in getting ready for the JEE, the Amazon Academy portal was introduced in January of last year (Joint Entrance Examination). The enrolled students in the current academic session will receive a full refund of … Read more
UpScalio, a digitally led ‘House of brands’ in the utility consumer goods space, has raised $15m in a pre-series-B round, led by Gulf Islamic Investments, with participation from a consortium of lenders including Northern Arc and Unity bank. This fund raise announcement comes shortly after UpScalio’s mega series-A round fundraise of $42.5M in August last … Read more
The New Shop, India’s smartest 24-hour convenience store chain, has successfully opened its 41st store at Lucknow’s Chaudhary Charan Singh International Airport. This transit retail store is also the brand’s first airport flagship store, which was inaugurated by Mr. Suresh Chandra Hota IAP, Chief Airport Officer, Adani Lucknow International Airport Ltd, on December 07, 2021. … Read more
Bazar India, one of the leading retail brands and India’s fastest growing fashion and lifestyle company has raised ₹25 crore in Series A funding on Planify Capital Platform. Bazar India will utilise the fund for expanding its team, marketing and branding, funding expansion plans and platform advancement. The company has raised the current round led … Read more
Wearable Technology Neuphony, a health-tech startup, has raised INR 1.1 crore in a seed round from ah! Ventures Angel Platform and other investors such as DERBI Foundation and IIMA CIIE. ah! Ventures’ overall portfolio is INR 251 CR (33.5 MN USD) with 11 exits and 21 follow-on rounds, with 40 investments in 2021 and a … Read more
India’s leading digital ecosystem for consumers and merchants Paytm (owned by One97 Communications Limited) today announced the launch of Paytm Wealth Academy, a first of its kind tech-powered educational platform. The launch of the wealth academy is initially on the Paytm Money app, the wealth management app owned by Paytm’s wholly-owned subsidiary Paytm Money. The … Read more
Infosys, a global leader in next-generation digital services and consulting, today announced that its flagship global internship program, InStep, was ranked as the ‘Best Overall Internship Program’ in the 2021 Vault Internship Rankings. The rankings published by Vault.com—a career intelligence organization, distinguished Infosys as the only global organization to have received this ranking four times … Read more
EatClub Brands, which operates popular brands like BOX8 & MOJO Pizza has raised $40 million in a round led by Tiger Global. EatClub Brands is a technology first, full-stack cloud kitchen company, and it has one of Asia’s largest cloud kitchen networks. Currently, a total of 8 brands operate out of its 150+ kitchens, GLOBO … Read more
OncoCoin AG, a fully-owned subsidiary of Innoplexus AG which is a leading international Artificial Intelligence (AI) and Blockchain-based Drug Discovery and Development company with 43 patents and more than 116+ patent applications, is going to launch ‘AMRIT’, one of the leading, decentralized and GDPR compliant Real World Data (RWD) exchange to fuel AI for patient’s … Read more
realme, the fastest-growing technology brand, achieved a new milestone during realme Festive Days, garnering 9.3 million in sales for smartphones, AIOT and Techlife products across all online and mainline channels, with 40% year-on-year growth. During the period of 2nd October to 8th November, the combined sales also contributed to sales revenue worth INR 9000+ crore, … Read more
SatSure, a Bengaluru-based spacetech firm that builds decision insights for the banking and insurance industries using data from satellites, has acquired an unknown amount of equity capital backed by Baring Private Equity India. SatSure is a decision intelligence firm that focuses at the intersection of space technology, artificial intelligence, and sustainability, founded in 2017 by … Read more
According to papers with the Securities and Exchange Board of India (SEBI), logistics unicorn Delhivery has filed for an initial public offering (IPO) to generate up to Rs 7,400 crore. Delhivery is the latest Indian startup to go public, capitalising on investor interest in technology-driven firms. Founded in 2011, Delhivery has established itself as the … Read more
Zepto, a Mumbai-based grocery delivery firm, announced on Monday that it has raised $60 million in an early-stage fundraising round, valued at $225 million, to expand its 10-minute grocery delivery nationwide. Zepto, founded in June 2021 by two 19-year-olds Aadit Palicha and Kaivalya Vohra, claims to deliver food and supplies in 10 minutes with its … Read more
KukuFM, a regional language podcasting network, is in early talks to fund its Series B round, according to two people familiar with the situation. According to one of the two sources, the future round could be worth anywhere between $15 million and $20 million, with existing investors such as India Quotient and Vertex Ventures expected … Read more
Ravi Kallayil, Sara Kilgore and Pavan Kareti have a collective experience of three decades, working with global footwear brands such as Nike and Adidas. In 2020, the trio quit their dream jobs to build an innovative Made-in-India footwear brand, designed specifically for Indian children, at an accessible price. Since then, they have been doing extensive … Read more
