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…
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…
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…
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…
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…
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…
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…
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…
Highlights: Karban Envirotech, a startup specializing in energy-efficient electronic appliances, has secured a seed funding round of Rs 8.93 crore. Led by Titan Capital, Rainmatter, and All In Capital, the funding also saw participation from notable investors such as Urban Company, JK Family Office, and Kunal Shah, among others. The company’s flagship product, Karban Airzone,…
Summary LetsTransport, a key player in urban logistics, has successfully raised $22 million in its Series E funding round. Led by Bertelsmann India Investments (BII) with a $16 million investment, the round also saw participation from other notable investors. This funding will bolster LetsTransport’s expansion plans, focusing on market presence, scaling business verticals, and moving…
