Tvaster Genkalp Secures $1.25 Million in Pre-Series A Funding to Advance Manufacturing Solutions
PC: TICE News The manufacturing technology startup Tvaster Genkalp managed to secure pre-Series A funding totaling $1.25 million. The substantial financial asset seeks to drive the company toward groundbreaking innovations
Abound Raises $14 Million Seed Funding to Empower Indians in the US with a Unified Financial Super-App
PC: Tech in Asia The financial super-app Abound successfully obtained $14 million during its seed funding period to serve Indians living in the United States. NEAR Foundation served as the
Regional OTT App Stage Secures $12.5 Million in Series B Funding
PC: Exchange4media Regional language-focused OTT platform Stage has successfully raised $12.5 million in its Series B funding round, marking another milestone in the company’s journey to redefine digital content consumption
KiranaPro Partners with ZuperAI to Enhance Retail Solutions with AI Technology
PC: CXOToday.com KiranaPro established a strategic business alliance with ZuperAI to include AI-powered retail market solutions as part of its platform through this partnership. The joint effort between KiranaPro and
Geniemode Secures $50 Million in Series C Funding to Fuel Global Expansion
PC: Indian Retailer The B2B cross-border e-commerce startup Geniemode successfully attracted funding of over $50 million in its Series C funding round through leadership by Multiples Alternate Asset Management with
Healthfab Raises $1 Million Funding to Promote Sustainable Menstrual Care
The Bengaluru startup Healthfab which leads menstrual hygiene innovation secured $1 million through pre-Series A funding from different investors. The funding round was initiated by Mistry Ventures while BeyondSeed joined
First Super-Speciality Hospital Inaugurated by Pristyn Care in South Delhi
PC: Entrackr Pristyn Care, one of the leading surgery-centric healthcare organizations in Gurugram, has opened its first super-speciality hospital in South Delhi. The strategic move reflects the company’s dedication to
Lizzie Chapman Resigns as Co-Founder of Reliance-Funded Swiffy Labs
PC: Mint Lizzie Chapman, Swiffy Labs co-founder, has officially resigned from her operational position at the Reliance-funded financial services infrastructure startup. The move follows Chapman’s desire to concentrate on other
RediffPay Reaches Milestone in Digital Payments by Improving Financial Inclusion Offerings
Infibeam Avenues Limited, a prominent player in the fintech sector, has achieved a significant milestone by securing a license from the National Payments Corporation of India (NPCI) for its digital
TrueFoundry Raises $19 Million in Series A Funding for AI Deployment Optimization
TrueFoundry, a pioneering platform dedicated to the deployment and scaling of artificial intelligence (AI) applications, has successfully secured $19 million in its Series A funding round. This significant investment was
Astra Security Secures $2.7 Million in Funding Led by Emergent Ventures
Astra Security is a cybersecurity platform that specializes in AI-driven penetration testing. This firm has been able to secure $2.7 million growth capital funding through Emergent Ventures. Other participating investors
Spiritual and Devotion Platform Utsav Raises ₹6.35 Crore in Funding Round
Spiritual and devotion-focused platform, Utsav, has successfully raised ₹6.35 crore in a funding round led by Equanimity Investments. Through this investment, Utsav has successfully marked a new milestone, especially as
Accel, Prosus, and Bessemer Representatives Quit The Good Glamm Group
India’s leading content-to-commerce platform, Good Glamm Group, is seeing its governance significantly transform as three leading investors’ representatives leave the company board in a wave. Accel, Prosus, and Bessemer are
BGauss Raises Rs 161 Crore Funding to Accelerate Growth in Electric Two-Wheeler Market
BGauss, an electric two-wheeler manufacturer, raised a successful funding round and received an investment of Rs 161 crore (approximately $18.6 million) from Bharat Value Fund (BVF). The investment comprises primary
Quash Raises $635,000 in Pre-Seed Funding to Revolutionize Software Testing
Bengaluru-based startup Quash, which specializes in automated software testing, has secured $635,000 in a pre-seed funding round led by Arali Ventures. Other notable investors who participated in the funding round
Groww Reaches 13 Million Active Users, Solidifying Market Leadership as Zerodha Faces Slowdown
Groww, a fintech unicorn, has crossed 13.16 million active clients as of December 2024, marking a significant milestone in the Indian stockbroking landscape. According to data released by the National
PhonePe and Google Pay Dominate UPI Transactions in December as Paytm Faces Challenges
The Indian UPI landscape has recorded some great improvements in December 2024, with both PhonePe and Google Pay consolidating their stronghold on the country’s transaction volumes. According to recently released
Moonrider Secures $2.2 Million Funding to Revolutionize Electric Tractors
Bengaluru-based electric tractor startup Moonrider has raised $2.2 million (approximately ₹19 crore) in a seed funding round co-led by Micelio Fund and AdvantEdge Founders, with contributions from various angel investors.
Oben Electric Raises $6 Million in Series A Funding in Expansion of its Electric Motorcycle Operation
Oben Electric, emerging electric motorcycle play, has also successfully raised the ₹50 crore, which is an equivalent of roughly $6 million, with a Series A funding round. This round was
Guestara Secures Pre-Seed Funds to the Tune of $500K to Upscale Guest Management Solutions
With headquarters in Gurugram, a startup-Guestara- successfully bagged $500,000from its pre-series round of fundraising by investor-Sanjay Ghare- towards developing high-end AI driven innovative solutions catering to the automation of operations;
SanchiConnect and YourNest invest ₹48 crore in eight start-ups through Velocity Accelerator program
SanchiConnect, a deep-tech enablement network, has partnered with YourNest Venture Capital to invest ₹48 crore in eight innovative startups under its Velocity Accelerator Program. The acceleration program is designed to
Pixxel Secures $24 Million in Series B Funding, Accelerating Hyperspectral Satellite Launch
PC: Business Standard Bengaluru and California-based spacetech startup Pixxel said on Tuesday it closed another $24 million in funding under the Series B round, following new investors M&G Catalyst and
Roto Rudra Bags 400 Orders for Solar Pumping Solutions in Australia, South Africa, Chhattisgarh, and Maharashtra
Roto Rudra, one of the prominent players in the renewable energy sector, announced having bagged 400 orders for its solar pumping solutions. This order bagging shows the growing demand for
Wakefit Logs ₹66 Crore EBITDA in FY24; Revenue Growth Happens Alongside Strong Expansion
Bengaluru-based home furniture and sleep solutions company Wakefit has delivered a successful fiscal year 2024 (FY24), with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of ₹65.9 crore. The positive
Uniphore Expands Its AI Capabilities Through Acquisition of ActionIQ and Infoworks
Enterprise-class, AI-native company Uniphore announces strategic acquisitions of two data companies, ActionIQ and Infoworks, in pursuit of creating an even more comprehensive, end-to-end Enterprise AI platform to deliver what it
The Money Club Raises $2.5M in Series A Funding to Increase Financial Inclusion
The Money Club, an innovative on-demand liquidity platform, has raised $2.5 million in a Series A round led by Prudent Investment Managers. The funding round included investments from high-net-worth individuals
The Indus Valley Secures ₹23.1 Crore in Pre-Series A Funding Led by DSG Ventures
The Indus Valley, a direct-to-consumer (D2C) kitchenware startup based in Chennai, has successfully raised ₹23.1 crore in its pre-Series A funding round, marking a significant milestone for the company after
RaptorX Raised Rs 4 Cr In Pre-Seed Funding To Develop Fraud Prevention Solutions
Mumbai-based fraud prevention software platform RaptorX has managed to close the pre-seed round worth Rs 4 crore. PeakXV Spark, EagleWings Ventures, and Point One Capital co-led the round, with participation
Crisis of Cleartrip As Rs 988 Crore Spent Has Yielded Rs 97 Crore in FY24
Cleartrip, the online travel agency owned by Flipkart, reported significant financial challenges for the fiscal year ending March 2024. According to its annual financial statements, the company spent a staggering
Homversity Raises $1 Million in Pre-Series A Round to Disrupt Students Housing
Homversity, a fast-rising platform focused on student housing networks, has raised a pre-Series A funding worth $1 million. Leading the round was Shur-UP, with notables Inflection Point Ventures (IPV), Value
Ladies Who Lead Secures $1 Million in Pre-Series A Funding Led by Nithin Kamath’s Rainmatter
PC: The Entrepreneurs Members-only women professionals and leaders’ platform Ladies Who Lead has raised $1 million in its pre-Series A funding round. Led by Rainmatter, the investment firm founded by
ALT Mobility Raises $10 Million in Series A to Drive Expansion of Electric Vehicle Leasing Business
It was a major fillip to the electric vehicle business after Delhi-based commercial EV leasing and asset management company ALT Mobility received $10 million funding under its Series A funding.
A new Gen AI-powered multilingual voice bot launched by Meesho for improved customer service
Meesho, a leading horizontal e-commerce platform, has developed a new Gen AI-powered multilingual voice bot, which promises to drive personalized, human-like customer support at scale and cater to the needs
Prime Venture Partners Leaded Funding Round in Elchemy of $5.6 Million
Yet another milestone acquisition in a boost for the Indian startup ecosystem: Elchemy, a cross-border specialty chemical distribution platform, has raised $5.6 million, approximately ₹47 crore, from Prime Venture Partners
Zopper Raises $25M in Series D Funding To Further Enhance Insurance Distribution Platform
Noida-based insurtech firm Zopper has bagged $25 million in Series D funding from Elevation Capital, Dharana Capital, and Blume Ventures. According to reports, this funding marks a major milestone for
CredFlow Raises $3.7 Million in Pre-Series B Funding to Enhance Cash Flow Solutions for SMEs
PC: Omidyar Network India CredFlow, a Delhi-based fintech startup, has successfully secured $3.7 million (approximately ₹31.2 crore) in a pre-Series B funding round. This round was co-led by existing investors
Doodhvale Farms Raises $3 Million in Series A Funding to Expand Dairy Operations
Doodhvale Farms, a Delhi-based dairy startup, raised $3 million in Series A funding co-led by Atomic Capital and Singularity Early Opportunities Fund. Bharat Founders Fund, Indigram Labs Foundation, along with
Baanhem Ventures raises ₹3.3 Crore in funding from Kumar Vembu’s Mudhal Partners
Baanhem Ventures, the engineering minds behind the business reality TV show Startup Thamizha, has successfully raised ₹3.3 crore through a new funding round led by GoFrugal Technologies founder Kumar Vembu
Hydrogen Mem-Tech Won Strategic Funding for Latest in Clean Hydrogen Production
Hydrogen Mem-Tech is a Norway-based start-up firm focused on hydrogen separation technology raises strategic funding co-led by Peak Sustainability Ventures and London-based AP Ventures, bringing it an important partner in
Bhanzu Secures $16.5 Million Funding Led by Epiq Capital to Enhance US Presence and Invest in AI
Edtech startup Bhanzu has raised $16.5 million funding in a round led by venture capital firm Epiq Capital. This gives Hyderabad-based the company a valuation of around $120-122 million. Mumbai-based
Everest Fleet Posts 120.7% Revenue Increase, Remains Profitable Despite Shifting Operating Environment
Uber-funded mobility startup Everest Fleet has reached the desired milestone in its growth trajectory, with over two-fold growth in revenue with equally impressive profit margins in FY23-24 ending March 2024.
Nexstem Secures $3.5 Million for Further Development of Brain-Computer Interface Technology
Bengaluru-based deep-tech startup Nexstem recently raised $3.5 million in funding, co-led by prominent investors including InfoEdge, Zupee, Smile Group, and duo Nikhil Kamath and Abhijeet Pai from Gruhas. This funding
ElasticRun Reports 48.6% Fall in Gross Collections While Narrowing Losses
Gross collections at the Pune-based logistics unicorn ElasticRun, or Ntex Transportation Services Private Limited, were surprisingly down 48.6% on the fiscal year that ended March 2024. The firm meanwhile managed
Go Digit General Insurance Posts Modest growth Even As Expenses Rise In Q2 FY25 Of The Company
PC: Pune.News Go Digit General Insurance Ltd on Monday announced the Q2 FY25 results, in which operating revenues grew marginally but registered challenges of slowing premium income and mounting costs.
NG EarSafe Raises ₹1.06 Crore in Seed Funding for Health-Conscious Audio Technology
PC: Viestories NG EarSafe, a pioneer of high-end open-ear headphones, has secured ₹1.06 crore of seed funding from Inflection Point Ventures. The strategic investment will boost brand awareness and market
WishNew Wellness Claims $5.65 Million Valuation Following $250,000 in Angel Funding Round Led by Ankit Khnadelwal
PC: Entrackr The young wellness brand, WishNew Wellness, launched 2022 by Karan Khurana and Pranshu Singh claimed a valuation of $5.65 million on achieving its latest round of angel funding,
Paytm Reports ₹1,660 Crore Revenue in Q2 FY25, Highlights Improved Financial Performance
PC: Mint One97 Communications Limited, the parent company of Paytm, continues to demonstrate resilience and growth in the dynamic financial landscape, as evidenced by its robust performance in the second
Deepinder Goyal Ventures into Health Tracking and Mental Wellness with New Venture, Continue
PC: Moneycontrol Co-founder and CEO of Zomato Deepinder Goyal has founded a personal venture called Continue, supposed to deal with health tracking, mental wellness, etc in his more ambitious diversification
Navi Finserv Has Secured A $24.5 Million Loan Securitization Real With Goldman Sachs
PC: VCCircle Navi Finserv, in furtherance of its plans to boost its financial muscles and improve its market position, successfully closed a $24.5 million loan securitization transaction with Goldman Sachs
Servify Records Impressive Growth, Registers Rs 755 Crore Revenue In FY24 And Reduces Losses By 59%
PC: Entrackr Leading platform managing electronic devices’ lifecycles, Servify has stepped up its financial performance by reporting Rs 755 crore of revenue during the fiscal year 2024. Strategic initiatives, a
SPRY Therapeutics Raises $15 M Funding for US Market Expansion
PC: Business Wire Physical therapy professional SaaS platform SPRY Therapeutics raises significant funding of $15 million, from top investors, including Flourish Ventures, Together Fund, and Fidelity’s Eight Roads and F-prime
CCPA Issues Show-cause Notice to Ola Electric Amid Consumer Grievances and Competition Killers
PC: News18 Ola Electric, the leading manufacturer of electric vehicles, recently found itself at the receiving end of the stick as the Central Consumer Protection Authority (CCPA) issued a show-cause
Zouk: D2C Fashion Brand in Advanced Talks for New Funding Round Led by Aavishkaar Capital and Stellaris Venture
PC: Stellaris Venture Partners Mumbai-based direct-to-commerce (D2C) fashion brand Zouk is said to be in advanced talks with investors regarding raising a new funding round. It will be the first
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OpenAI Closed A Record Funding Round Of $6.6 Billion, Making The Valuations Hit $157 Billion
PC: The Indian Express Cutting-edge company OpenAI-which created the revolutionary ChatGPT and several mindblowing AI breakthroughs-raises an unprecedented $6.6 billion in new funding. This gigantic infusion will push the valuation
Ola Electric Suffer The Blow Of Market Share Loss and Headwinds Amid Slowing Sales End
PC: NDTV Profit Things have started looking a little ugly for the past three months for homegrown electric two-wheeler manufacturer Bengaluru -based Ola Electric as its market share shrinks. According
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Curefoods Secures Rs 80 Crore in Debt Funding from Binny Bansal and Jitender Kumar Bansal
PC: Hindustan Times Any news out of Bengaluru-based Curefoods is something to look forward to. The cloud kitchen player made an important announcement recently by closing a significant debt funding
M2P Fintech Secures $101.8 Million Funding Led by Helios Investment Partners to Expand Market Presence and Drive Innovation
PC: Viestories M2P Fintech, the company that delivers an API infrastructure platform, has created huge buzz in the financial technology landscape having raised a highly successful round of fundraising with
Redcliffe Labs Acquisitions Celara Diagnostics: Consolidating Presence in Indian Diagnostics Market
PC: Business Standard Redcliffe Labs is changing the ground in India’s health care landscape after recently announcing that it will acquire Celara Diagnostics. The firm had completed its second acquisition
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Weekly Dubai Funding Roundup: Key Investments Driving Innovation (16th September – 21st September, 2024)
PC: IdeaBuddy Dubai is pushing itself further as a technological leader in innovation and investment. A string of big funding announcements this week emblematic of the entrepreneurial boom gripping the
Vahan.ai Raises $10 Million in Series B Funding Round Led by Khosla Ventures
PC: Zee Business Bengaluru headquartered leading blue-collar recruitment platform Vahan.ai recently announced raising $10 million as part of Series B round, led by Khosla Ventures. Notable names, including Y Combinator,
Kaleidofin Closes Over $13.8 Million Funding Round With Rabo Partnerships And Others
PC: Medial A financial services startup, Kaleidofin, has announced a major milestone in securing $13.8m funding from Rabo Partnerships-a Netherlands-based financial inclusion and rural development-focused subsidiary of the Rabobank Group,
Koo Co-founder Mayank Bidawatka Founded Billion Hearts Software Technologies With A $250K Angel Round
PC: afaqs The latest initiative by the co-founder of vernacular microblogging platform Koo, Mayank Bidawatka is Billion Hearts Software Technologies. The startup just closed off a successful angel round with
Funding and Acquisitions in Indian Startups: A Recap of Key Events from 09-14 September 2024
The Indian startup ecosystem saw yet another spree of funding rounds and acquisitions from 09-14 September 2024 as buoyed entrepreneurs reflect the resilience and innovation driving the entrepreneurial landscape in
Peak XV and Others Sell Rs 1,600 Cr Shares in MamaEarth Parent Honasa Consumer Limited
PC: The Economic Times In the latest development in the direct-to-consumer skincare and beauty vertical, Peak XV, along with Stellaris Ventures, Sofina Ventures, and Fireside Ventures, together sold shares worth
Porter’s Stellar Financial Performance Revenue Touches Rs 2734 Crore, While Recording A Significant Decline In Its Losses
PC: Business Standard Porter, a leading Indian startup in the logistics and transportation space, sent ripples with its stellar show of top-line performance on the back of fiscal 2024. The
Legal Battle and Chaos: The Downfall of Arthmate Amidst Allegations and Arrests
An elaborate legal battle pitting Gameskraft against Arthmate, a SaaS-based lending enabler, has culminated in two unfortunate incidents: the arrest of its co-founder and former CEO, Vihaan Kumar; the high-level
BigEndian Semiconductors Raises $3 Mn in Seed Funding Round to Develop Semiconductor Solutions
BigEndian Semiconductors, a fabless semiconductor start-up pioneer, has reportedly raised $3 million in a fresh seed funding round. The venture capitalist mighty Vertex Ventures SEA & India has led this
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BharatPe Enters Consumer Payments Space, Introduces New App to Compete with PhonePe and Paytm
Fintech firm BharatPe has entered the consumer payments business by rebranding its PostPe app as BharatPe. In doing so, it has also pitted itself against established players like PhonePe, Google
Servify Secures Rs 84 Crore in Series D Funding Round Led by Bajaj Holdings, Trifecta, and Innoven Capital
Servify, a leading post-sales service company focused on brand-authorized support for a broad category of consumer electronics, has raised Rs 84 crore, or about $10 million, in a fresh tranche
VerSe Innovation Acquires Valueleaf Group to Accelerate Growth
VerSe Innovation-which powers Dailyhunt, the country’s most read vernacular news aggregator, and Josh, a fast-growing short video platform-announced its latest move: the acquisition of digital marketing firm Valueleaf Group in
Velocity Launches Rs 400 Cr Festive Season Fund To Support D2C Brands
Targeting to strategically empower direct-to-consumer (D2C) and ecommerce brands for the forthcoming festive season, Bangalore-based cash flow-based financing platform Velocity has launched Rs 400 crore (around $48 million) fund. This
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Fresh Bus Raises $10.5M in Series A Funding toward Expanding Its Electric Bus Fleet
All-electric intercity bus startup FreshBus closed $10.5 million (about Rs 87.5 crore) in Series A funding round. The founding secured the support of Maniv, an international early-stage venture capital fund
![Funding Week in Indian startup this week [5 – 10 Aug]-thumnail](https://www.businessoutreach.in/wp-content/uploads/2024/08/Indian-startup.png)
India Raises $782.4 Million From the Green Climate Fund for Climate Mitigation and Adaptation Projects
India has won commitments of $782.4 million from the Green Climate Fund toward mitigation and adaptation climate projects, thus registering some major success in the global fight against climate change.
UK Lends £1.3 Billion Funding For Businesses And Startups Working On AI Projects
The newly elected UK Labour government has just pulled funding of £1.3 billion allocated to technology and artificial intelligence (AI) projects by the previous Conservative administration. It has thrown sand
Led by Accion and Omnivore, Agritech Startup Agrizy Secures $9.8 Million in Funding
Agrizy, an innovative agritech startup, has successfully raised $9.8 million in a funding round co-led by Accion and Omnivore. This substantial financial boost also saw participation from Capria Ventures, Thai
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Budget 2024: Government Announces ₹1.5 lakh Crore Interest-Free Loans For Infrastructure Development In States
Let us look at some delightful news from the 2024 Union Budget. In a move to strengthen the infrastructure, Finance Minister Nirmala Sitharaman has announced an interest-free loan of ₹1.5
Multipl: Fintech Startup Turning Spend-Based Investing on its Head Raises $1.5 Million in Funding
Multipl, the fintech startup that turned the concept of investing and spending upside down, just raised a whopping $1.5 million in funding rounds spearheaded by Blume Ventures and MIXI Global
IDfy Launches New Suite For Helping Businesses Follow India’s New Data Protection Law
In an exciting development for enterprises across India, IDfy, a leading fraud detection and background verification startup, has unveiled a comprehensive suite named Privy. This suite is designed to help
Canada Pension Plan Investment Board to Exit Delhivery As It Offloads Remaining 3.18% Stake
Following the series of large share sell-offs, CPPIB (Canada Pension Plan Investment Board) is going to completely sell its residual shareholding in Delhivery, the country’s leading logistics and supply chain
Vi Business, PayU collaborate to change the face of digital payments for MSMEs in India
Vi Business and PayU have announced their strategic partnership to empower MSMEs across India through its end-to-end digital payment solutions. The company envisions accelerating digital transformation for MSMEs to adapt
Ricron Panels Raises Series A to Ramp Up Sustainable Recycling Efforts
Ricron Panels, a Gujarat-based start-up engaged in the recycling of multilayer plastics into high-grade construction material, raised a Series A investment round from investors like Boon Sustainability. This funding will
Indian Startups Raise $176 Million in the Current Funding Round
The Indian startup ecosystem remains resilient and continues to exude growth potential despite global economic uncertainties. In the past week, Indian startups raised $176 million collectively, therefore ensuring continuous investor
Rs 340 Crore Is The Amount Suzuki Launches For Next Bharat Ventures Fund for Indian Startups
Japanese multinational automotive and motorcycle company Suzuki announced an elaborate long-term initiative to support the burgeoning Indian startup ecosystem by forming Next Bharat Ventures—a substantial corpus of Rs 340 crore
Godrej Properties Achieves Record Sales: Over 2,000 Homes Worth ₹3,150 Crore Sold in Bengaluru
In what can be termed a historic milestone, Godrej Properties has announced that it has sold more than 2,000 homes in Bengaluru, thereby recording revenue of over ₹3,150 crore—demonstrating the
Electric Mobility Startup Matter Gets INR 82.6 Cr In Funding From Japan Airlines, Translink Fund, And Others
PC: Business Review Live In what could just turn out to be the shot in the arm for the electric vehicle (EV) segment, Ahmedabad-based electric mobility startup Matter raised INR
Nazara Technologies Surges 9% Intraday Following Acquisition of Freaks 4U Gaming by Nodwin Gaming
PC: Goodreturns Shares of Nazara Technologies surged 9% intraday after it announced that its subsidiary, Nodwin Gaming, has acquired a 100% stake in Freaks 4U Gaming. Of course, this transaction
Fanisko enters into an investment agreement with Karna D. Shinde to develop its Start-Up digital innovation further
The digital product and solutions company, Fanisko, recently announced an undisclosed follow-on investment from an early investor, Karna D. Shinde. This round is a stepping stone toward scaling growth at
i’SUPPLY Secures Significant Pre-Series A Funding to Transform Pharmaceutical Distribution in Egypt
i’SUPPLY closed pre-Series A funding for an exponential ramp-up in its quest to shake up pharmaceutical distribution across Egypt. In this strategy-filled and ambitious go at changing, the company succeeds
Fintech Industries Come At The Top Of The List As 30 Startups Find A Place In India’s Future Unicorn Index
The FinTech sector is an important movement leading the future unicorn landscape in India, with 30 startups eyeing entry into the billion-dollar valuation club. According to the ASK Private Wealth
Yatra Online Acquires Additional 4.5% Stake in Adventure and Nature Network (ANN)
Yatra Online, one of India’s leading online travel companies, has announced the acquisition of an additional 4.5% stake in Adventure and Nature Network (ANN). This strategic move signifies Yatra’s commitment
Nykaa Reappoints Pradeep Parameswaran, Seshashayee Sridhara as Independent Directors
Continuing with its operational strategy of strengthening the expertise on its board, Nykaa has nominated Pradeep Parameswaran and Seshashayee Sridhara as independent directors, each for a new term of three
DeHaat Completes First ESOP Buyback, Targets Full-Year Profitability by FY25
Entrepreneurial agritech startup DeHaat, based out of Bengaluru, has successfully completed its first Employee Stock Ownership Plan (ESOP) buyback, amounting to INR 10 crore. The stake buyback denotes DeHaat’s commitment
AirMDR Secures $5 Million to Revolutionize AI-Driven Cybersecurity with Managed Detection and Response (MDR) Services
AirMDR, a leading AI-powered cybersecurity company, raises $5 million in a seed funding round led by Foundation Capital and Storm Ventures, a move to boost its Managed Detection and Response
Zee Entertainment Enterprises Ltd. Approves ₹2,000 Crore Fundraising Plan; Stock Rises 5%
Zee Entertainment Enterprises Ltd. (ZEEL) has taken a big leap in strengthening its financials and strategic maneuvers by approving an up-to-₹2,000-crore fundraising plan. The company has approved this through a
Mohandas Pai Calls for Repeal of Angel Tax and Establishment of ₹50,000 Crore Startup Fund to Boost India’s Startup Ecosystem
Mohandas Pai, a well-known personality in India’s IT and financial worlds, has joined the list of stakeholders that have publicly called for the Modi 3. It explained that the current
India’s Manufacturing Sector Experiences Slowed Growth but Maintains Strong Performance
India’s manufacturing sector, a vital part of the country’s economy, has experienced a slowdown in growth, reaching a three-month low. Despite this deceleration, the sector continues to perform above its
Apple’s Revolutionary Updates and Their Impact on the Tech Industry
At the recent Apple Worldwide Developers Conference (WWDC), significant updates were announced for Siri, Apple’s voice-activated virtual assistant, marking a notable leap in its capabilities and integration. These advancements signal
IdeaForge and Skylark Drones Partner to Revolutionize UAV Technology with Self-Evolving AI Integration
IdeaForge, a prominent manufacturer of unmanned aerial vehicles (UAVs), has announced a strategic partnership with Skylark Drones to integrate advanced artificial intelligence (AI) capabilities into their drones. This collaboration aims
Mukesh Ambani Gifts Son Anant a $77.3 Million Villa in Dubai. Becomes A Display of Opulence
Mukesh Ambani, Asia’s richest man, continues his tradition of grandeur and extravagance, this time with a remarkable gift for his son Anant. In anticipation of Anant’s upcoming wedding, Ambani has
Truecaller Partners with Microsoft AI to Revolutionize Call Management with Personalized Voice Answering
In a groundbreaking development that is set to redefine the way we handle phone calls, Truecaller has announced a strategic collaboration with Microsoft to integrate artificial intelligence (AI) into their
Dubai’s AI Initiative By Pioneering the Future with ‘One Million Prompters’
In a landmark move, Dubai has launched the world’s most extensive AI prompt engineering training initiative, dubbed ‘One Million Prompters’. This ambitious program, spearheaded by Sheikh Hamdan bin Mohammed bin
Dubai’s Ambitious Mangrove Initiative Becomes The World’s Largest Coastal Regeneration Project
Dubai is embarking on an ambitious project to plant 100 million mangrove trees along its coastline, aiming to establish the world’s largest coastal regeneration initiative. This massive undertaking, led by
Infosys CTO’s Advice to Engineering Students: Master AI to Stay Ahead in the Game
Infosys’ Chief Technology Officer, Rafee Tarafdar, recently highlighted the growing importance of artificial intelligence (AI) in the tech industry and shared critical advice for engineering students: the most effective way
Binghatti Boosts Manufacturing Capabilities with Strategic Dubai Facility Acquisition
Developer Binghatti has strengthened its position in the competitive real estate market by acquiring a state-of-the-art steel manufacturing plant in Dubai. This strategic investment demonstrates the company’s unwavering commitment to
Blockchain Intelligence Leader Chainalysis Sets Up Shop in Dubai
Dubai has established itself as a global crypto hub in recent years, attracting major industry players with its progressive regulations and business-friendly policies. Continuing this momentum, blockchain intelligence firm Chainalysis
Brookfield Acquires Controlling Stake in Dubai GII’s Logistics Real Estate Platform
Canadian investment giant Brookfield Asset Management has announced plans to expand into the logistics real estate sector in the Middle East through the acquisition of a controlling stake in Dubai-based
Dubai’s Luxury Property Market Continues Red Hot Streak with $1.7 Billion in High-End Home Sales Already this Year!
It seems as if the property bubble in Dubai, accidentally keeps rupturing into a bigger one and now new statistics prove it. Despite the fact that an exceptional $1.73 billion
BharatPe Shuffles Leadership Deck to Drive Next Phase of Growth
Finteh unicorn, the BharatPe payment brand, has undergone another round of senior management reorganization. It strives to develop its functional capacity within major business segments. A major organizational redesignation is
Google Explores Premium AI Search Services Amid Growing Role of Generative Technologies
As artificial intelligence and machine learning continue to transform digital experiences, major tech companies are grappling with how to effectively integrate these advanced technologies while ensuring user benefits and business
Dutco and Ellington Properties Join Hands to Develop Luxury Riverfront Homes in Dubai
Dubai is renowned globally as an architectural and cultural wonderland with its splendid skyscrapers, luxury shopping complexes and a spirited nightlife. While there is no denying the natural buzz that
Dubai’s Commercial Property Market Offering Huge Opportunities for Savvy Investors
Currently the commercial real estate market in Dubai shopping center is booming creating huge opportunities for savvy investors. Property prices and rental yields are increasing rapidly as demand for office,
Evolutions Rewards Top Agents And Developers With Exclusive Membership Cards And Awards
Evolutions, a leading real estate company in Dubai, recently announced some exciting new initiatives to recognize the hard work of real estate professionals and provide more benefits to its members.
Dubai Ramps Up Energy and Water Efficiency Programs to Reduce Costs and Boost Sustainability
The Dubai Supreme Council of Energy recently approved plans to increase energy and water efficiency programs across the emirate. The move aims to financially benefit both the public and private
Dubai’s AI Startup Looks to Revolutionize Recruitment in the Booming UAE Job Market
The UAE boasts one of the most dynamic job markets in the region, driven by a growing economy, business-friendly policies, and large-scale infrastructure projects. However, the recruitment process can often
Visa Partners With Dubai FinTech Summit to Support Innovation in Digital Payments
Visa recognizes that financial technology or FinTech startups are playing a key role in developing innovative digital payment solutions. Through initiatives like its Fast Track program and accelerators, Visa supports
Emirates Airlines Partners With Icelandair and GO7 to Offer Combined Air and Rail Ticket Connections
Emirates, the largest airline in the Middle East, has signed Memorandums of Understanding (MoUs) with Icelandair and GO7 to develop combined air and rail ticket options for travelers. This will
Delhi LG Approves CBI Investigation into Allegations of Extortion Against AAP Leader Satyendar Jain
The Lieutenant Governor of Delhi, VK Saxena, has granted permission for the Central Bureau of Investigation (CBI) to launch a probe into allegations of extortion levelled against Aam Aadmi Party
Rethinking Travel: Dubai Airports CEO Proposes Revolutionary New Transport Model
Paul Griffiths, the CEO of Dubai Airports, has proposed a revolutionary new model for transportation that could significantly reduce carbon emissions from travel while improving passenger experience. Speaking at a
Coal India’s E-Auction Premiums Decline But Higher Volumes Could Offset Impact, Say Analysts
Coal India, India’s state-owned coal mining company, saw a decline in e-auction premiums in January and February 2024 according to updates provided by the company’s management. However, analysts believe higher
Smartifai Drives Impactful Communication of Dubai Holding’s Sustainability Message
Dubai Holding has taken a pioneering step in the MENA region by leveraging innovative attention technologies to raise awareness about climate change and sustainability initiatives. Partnering with Magna MENA and
Dubai Investments Promotes Sustainability Goals with Third Annual Green Run
Dubai Investments is committed to furthering sustainability in the UAE through community initiatives that support green practices and healthy living. On February 18, 2024, the leading investment company will host
Emirates NBD Announces Criteria for SME Participation in Dubai’s AED500 Million International Growth Initiative
Emirates NBD, one of the largest banks in the UAE, recently revealed the eligibility requirements for small and medium enterprises (SMEs) to take part in the first phase of Dubai’s
Paytm confirms resignation of independent director Manju Agarwal – A detailed analysis
Paytm, one of India’s leading fintech companies, recently confirmed the resignation of Manju Agarwal from the board of its banking subsidiary Paytm Payments Bank. Agarwal, who served as an independent
Over 200 Students Participate in 3-Day Regional Model Congress at Canadian University Dubai
The Canadian University Dubai recently hosted their second annual regional model congress in partnership with Harvard Model Congress Middle East. Over 200 high school students from 10 different countries took
Tecom Group Posts Strong 2023 Financial Results, Delivers DH1.1 Billion Net Profit
Dubai’s leading operator of economic free zones, Tecom Group, announced solid financial results for the year 2023, highlighting strong business performance and growth. In a statement, Tecom reported achieving record
Cantor Fitzgerald Bullish On Adani Enterprises, Foresees Value Unlocking In Airports Business
Global brokerage firm Cantor Fitzgerald has initiated coverage on Adani Enterprises with an ‘Overweight’ rating and sees substantial upside potential for the flagship company of the Adani Group. In its
Yes Bank Reports 2.3% Rise in Net Interest Income in Q3 FY2024; Net Profit Falls Short of Estimates
Private sector lender Yes Bank reported its financial results for the third quarter of the ongoing fiscal year 2024 today, posting a 2.3% year-on-year rise in net interest income. However,
Major International Asset Managers Increased Holdings in Adani Group’s Dollar Bonds
Despite facing significant losses after the Hindenburg Research report alleged irregularities in Adani Group’s operations, some major international asset managers increased their holdings in the conglomerate’s dollar bonds over the
Rumours Confirmed: Shoaib Malik Marries Sana Javed After Reports of Split from Sania Mirza
The cricketing world was abuzz with speculation recently regarding veteran Pakistan all-rounder Shoaib Malik’s marital status. After numerous conjectures throughout the recent past, the accomplished sportsman has now definitely put
Escalating Tensions Between Neighbors- Pakistan and Iran
Tensions have been rising between neighbouring states Pakistan and Iran, with both countries recently carrying out missile strikes on each other’s territory. According to reports, Pakistan conducted operations targeting “terrorist
Vivek Ramaswamy withdraws from US Presidential Race: Here’s Why
Indian-American businessman Vivek Ramaswamy has announced his decision to withdraw from the Republican party’s nomination for the 2024 US Presidential elections. Ramaswamy had launched his presidential bid earlier this year
Elon Musk’s SpaceX Paves The Way For Direct-to-Phone Satellite Internet
In a move that could further revolutionize global connectivity, SpaceX’s satellite internet division Starlink has taken the capability of beaming internet from space directly to users’ devices. The company recently
BHEL Emerges as Sole Bidder for NLC India’s Odisha Power Plant Project after L&T Withdraws
The tight deadline for the bidding process of NLC India’s ambitious thermal power plant project in Odisha has led to an unexpected development, with engineering conglomerate Larsen & Toubro (L&T)
Dubai Holiday Home Rentals See Record Income Amid COP28 Tourism Rush
As COP28 concluded with unprecedented tourism inflow, Dubai’s short-term rental market reaped the rewards with rental rates surging over 50%. According to market sources, landlords offering holiday apartments cashed in
India Shines as a Global Growth Engine According to Latest IMF Analysis
The International Monetary Fund (IMF) recently released its annual assessment of the Indian economy, highlighting the country’s stellar growth performance and significant contribution to global economic recovery. According to the
Dubai Insurance Partners With OneDegree to Offer Comprehensive Coverage for Crypto Firms
The crypto industry in the UAE is set for enhanced protection and stability with Dubai Insurance’s new collaboration with OneDegree to provide specialized insurance solutions. As the region’s crypto market
India Backs UN Call for Gaza Ceasefire as Casualty Debate Deepens Rift Between Israel and US
New Delhi: As the conflict between Israel and Hamas continued to escalate in Gaza, India voiced its support for an immediate humanitarian ceasefire, backing a UN General Assembly resolution. The
Subodh Bajpai’s Firm Unified Investments LLC Promises Lucrative Returns in Dubai
Dubai – A new investment firm is promising Dubai-based investors unprecedented returns with its portfolio of strategic projects spread across various sectors. Unified Investments LLC, headed by veteran financial executive
Dubai’s EV Partnership to Drive Sustainable Development and Rural Livelihoods in Yemen
A new collaboration between Dubai-based EV startup Fuse and international NGOs is electrifying transportation for remote Yemeni communities while creating social and economic opportunities. The project demonstrates how green initiatives
Gaining Exposure through Marketing Stunts: How Dubai Developer Sobha Attracts New Investors
Developers in competitive property markets like Dubai constantly seek innovative ways to promote their brands and upcoming projects. Through its record-breaking helmet mosaic achievement, Sobha has demonstrated creative marketing acumen
How Saudi Arabia’s Surging Renewables Investment is Powering the Economy
At the ongoing COP28 climate summit, Saudi Arabia revealed that investments in renewable energy are yielding big returns both economically and environmentally. Investing In Future Amid global efforts to transition
