Page 13 - Peerzada Abrar

AI startup EvoluteIQ secures $53 mn to scale agentic automation tech

Enterprise automation startup EvoluteIQ has raised $53 million from Baird Capital to expand globally, scale R&D in Bengaluru and develop next-generation agentic AI systems

E-com firms focus on cybersecurity ahead of high-volume festive season

As the e-commerce ecosystem gears up for robusts festival sales companies are increasingly turning up their cybersecurity measures to prevent fraud that typically spikes around this time

Flipkart Marketplace sees 25% rise in sellers ahead of festive season

Flipkart Marketplace has recorded 25-30% growth in sellers over six months, aided by AI tools, simplified GST compliance and expanded fulfilment ahead of the festive season

Gameskraft ex-CFO accused of diverting ₹250 crore for unauthorised trading

Bengaluru-based Gameskraft filed a police case against ex-CFO Ramesh Prabhu after he allegedly diverted Rs 250 crore into personal accounts for unauthorised derivatives trading

Accel set for 28x return as Urban Company IPO values stake at ₹1,500 cr

First institutional investor in Indian home services platform could earn nearly ₹1500 crore from ₹70 crore investment made in 2015

Myntra partners Sourav Ganguly to launch Souragya ethnic wear brand

Myntra has teamed up with Sourav Ganguly to launch Souragya, a premium ethnic wear brand featuring Bengali-inspired festive designs ahead of the Durga Puja shopping season

Dutch tech investor Prosus scales up India AI play amid global headwinds

Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets

Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep

Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing

Myntra partners with Vellvette Lifestyle to launch beauty brand for Gen Z

Fashion ecommerce retailer woos India's Generation Z consumers with hybrid skincare-makeup products

Major ecommerce firms complete tax-system overhaul ahead of festival season

Companies update platforms, train sellers on new tax codes

Amazon expands 10-minute delivery service in quick-commerce push

E-commerce giant opens over 100 micro-fulfillment centers across three Indian cities to compete with local rivals Blinkit and Zepto in fast-growing instant delivery market

Nandan Nilekani's VC firm Fundamentum to focus on scale-up market

VC firm led by Infosys co-founder Nandan Nilekani pivots to two-pronged approach targeting scale-up investments and AI startups as Fund II outperforms peers

AI platform Tern Group raises $24 mn to grow global healthcare workforce

Tern Group secured $24 mn in Series A funding led by Notion Capital to expand nurse training, strengthen its AI talent platform, and scale healthcare placements globally

Iron Pillar bets on manufacturing revival, AI disruption amid trade war

Iron Pillar sees manufacturing and AI as India's next big opportunities, citing global trade tensions, supply chain shifts and the need for industrial self-reliance

Uber makes two-wheelers central to India growth with Uber Bike rebrand

Uber has rebranded its Moto service to Uber Bike and is expanding to more cities as two-wheelers become central to its India growth despite regulatory uncertainty in states

Amazon cuts seller fees, boosts AI tools ahead of festive shopping season

E-commerce giant repositions as 'full-stack partner' for 1.7 million merchants as festive sales expected to surge 27%

Ola Electric auditor flags 'material weakness' in inventory controls

Ola Electric's auditor flagged weak inventory controls at its main unit, as SoftBank and automakers cut stakes and regulators probe sales and consumer complaints

GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch

Platforms must pay 18% GST on behalf of delivery workers, a move that could squeeze margins and raise consumer costs as growth slows

GST overhaul may reshape ecommerce strategy ahead of festival season

The simplified two-tier GST structure is expected to boost festive season sales by 15-20% as e-commerce platforms prepare for a surge in demand

Amazon completes acquisition of Indian lender Axio after RBI approval

Amazon has completed its $200 million acquisition of Axio, formerly Capital Float, after receiving approval from the Reserve Bank of India, deepening its push into digital lending services in India