Flipkart Considers Domicile Move from Singapore to India Ahead of Potential IPO
Key Points: In a strategic move that could have significant implications for India’s e-commerce landscape, Flipkart, the Walmart-owned online retail giant, is reportedly contemplating shifting its domicile from Singapore back to India. This decision, if materialized, could signal Flipkart’s ambitions to streamline operations and bolster its position in the Indian market, particularly as it gears…
Bill & Melinda Gates Foundation Prepares for Leadership Transition Amid Melinda Gates’ Departure
Summary Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, announced her departure from the foundation, marking the end of an era for one of the world’s largest private charitable organizations. Her decision comes after she and her ex-husband, Bill Gates, filed for divorce in 2021 after 27 years of marriage but vowed to…
List of Unicorn Startups in India
This article is about Unicorn Startups in India. In recent years, India has emerged as a hotspot for startup innovation, with a growing number of companies reaching the coveted status of “unicorn” – a term used to describe privately-held startups valued at over $1 billion. These unicorns span various industries, from e-commerce and fintech to…
Microsoft Expands Data Centre Empire with Rs 267 Crore Land Acquisition in Hyderabad
Key Points; In a strategic move reflecting its commitment to bolstering its technological infrastructure, Microsoft Corporation has recently made headlines with its acquisition of a significant plot of land in Hyderabad, India. Reports suggest that this acquisition signals the tech giant’s intent to fortify its data centre network in the region, heralding the development of…
Foodtech startup Poshn secures $4 million in pre-Series A funding round led by Prime Venture Partners and Zephyr Peacock India
Key Points Poshn, a promising player in the foodtech industry, has successfully secured $4 million in its pre-Series A funding round, a testament to its growing influence and potential in the market. The funding, which includes $2 million in debt, was led by Prime Venture Partners and Zephyr Peacock India. This recent injection of capital…
Indian cricket star Shikhar Dhawan partners with eyewear startup QUE as an investor, partner, and brand ambassador
Key Points: Indian cricket sensation Shikhar Dhawan has ventured into the world of fashion eyewear through a strategic partnership with the emerging eyewear brand QUE. In addition to investing in the company, Dhawan will also serve as a partner and brand ambassador for QUE, marking a significant milestone in his entrepreneurial journey. QUE, a startup…
Generosity Knows No Bounds: Jaspreet’s Journey Captures the Essence of Humanity
Summary Industrialist Anand Mahindra extended support to 10-year-old Jaspreet from Delhi, who took over his father’s street-side stall after his demise. A viral video showcased Jaspreet’s resilience, prompting Mahindra to offer assistance for Jaspreet’s education. Jaspreet’s culinary skills, coupled with his resolve, garnered widespread admiration and support from political leaders and the community. His story…
Indian Startup Funding Weekly Roundup: April 29 to May 4, 2024
Key Points: The first week of May has heralded a resurgence in venture capital inflow into Indian startups, showcasing a promising beginning for the month. After a notable slump in the final week of April, where capital raised saw a dip, the entrepreneurial landscape bounced back with renewed vigor, witnessing a significant uptick in funding…
Capria Ventures concludes final close of its India Opportunity Fund, securing Rs 153 crore
Highlights: Capria Ventures, a venture capital firm specializing in the Global South, has successfully concluded the final close of its India Opportunity Fund, amassing an impressive Rs 153 crore (approximately $19 million). This fund aims to support approximately eight breakthrough portfolio companies, signaling a significant boost for the region’s burgeoning startup ecosystem. The journey to…
Northern Arc Secures $80 Million Funding from IFC: A Boost for Financial Inclusion
Summary Northern Arc, a prominent non-banking financial company (NBFC), has received a substantial $80 million investment from the International Finance Corporation (IFC), a member of the World Bank Group. This funding, comprising both debt and equity components, marks a significant milestone for Northern Arc, empowering its mission to expand services and improve credit access across…
