News and Trends
Arctic Wolf to Hire 150 Employees for New GCC in Bengaluru
Bengaluru, known for its strong presence in technology and cybersecurity, will serve as an ideal location to attract top talent from India's IT and cybersecurity sectors
Unlocking Growth, Compliance and Wealth Management in India's Corporate Ecosystem
The Entrepreneur India Summit 2024 provided deep insights into how India's business ecosystem is evolving.
SPRY Therapeutics to Accelerate US Expansion Following USD 15 Mn Funding Round
This latest round was led by Flourish Ventures, Together Fund, Fidelity's Eight Roads, and F-Prime Capital.
India Projected To Produce 8 Million Tonnes of SAF by 2040
The projected capital investment will result in a substantial socio-economic impact, creating between 1.1 and 1.4 million jobs across the value chain and reducing crude oil import bills by USD5–7 billion annually.
Mufin Green Finance and Hindon Mercantil Lead INR 100 Cr Investment in UrjaMobility's EV Battery Leasing Venture
UrjaMobility will use the funds to expand energy solutions, improve supply chain management, and scale operations, focusing on e-mobility. A major portion will enhance its pay-per-use battery leasing model.
Uber's India Tech Team Helps Reduce App Localization Time, Costs by 25%
India based tech teams have transformed 85 per cent of app localization process to touchless
ZenStatement, iRasus Technologies, Deftouch, and Humm Care Raise early-Stage Funding
Several innovative startups have secured early-stage funding to accelerate their growth. Here's a look at their recent investment rounds.
Tech-Enabled NBFC Swara Fincare Raises INR 19.4 Cr to Empower Rural and Semi-Urban Entrepreneurs
The Series A funding was led by UC Impower and supported by Serica Angel Fund to boost financial inclusion, expand its network, and enhance technology platforms.
Adani Green Subsidiaries to Raise Up to $1 Billion Through Dollar Bonds
The bonds will have a 20-year maturity and will be issued in one or more tranches, with the process set to begin this month
Dezy Raises USD 6 Mn New Funding to Expand Clinic Network in Bengaluru and Hyderabad
This round, part of a larger USD 8-10 million funding push, will primarily focus on scaling operations in Bengaluru and Hyderabad. Dezy had previously raised USD 23 million in a Series A round in 2022.
RBI Keeps Repo Rate Unchanged at 6.50%; Stance at Being "Neutral"
The committee unanimously agreed to shift to a 'neutral' stance, with a clear focus on achieving sustained alignment of inflation with the target, while continuing to support economic growth
Reliance Retail Enters Quick Commerce Market, Set to Challenge Blinkit, Swiggy Instamart, and BigBasket
In an effort to disrupt the rapid commerce industry, Reliance has already started testing pilot programs through JioMart in Bengaluru and Navi Mumbai.
Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO
Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart head Amitesh Jha, CFO Rahul Bothra, HR head Girish Menon, and CTO Madhusudhan Rao, were also awarded additional shares under the ESOP programme.
Experts Call For Focus On MSMEs and Grassroots Innovation
"Only sector that can provide the employment to the teaming millions is the MSME sector."
JetSynthesys Welcomes Nikhil Kamath, Ankit Nagori, and Prashanth Prakash as Franchise Owners for GEPL Bengaluru Team
The second season of the league, which is set to take place in early 2025, will see Zerodha co-founder Nikhil Kamath, Curefoods founder Ankit Nagori, and Accel partner Prashanth Prakash stepping into the role of franchise owners.