Page 10 - Udisha Srivastav

PhysicsWallah expands to 4.46 mn paid users in FY25, up 153% from FY23

In FY25, the platform recorded 4.13 million unique transacting users on its online channel and expanded its offerings to 13 education categories

EcoEx raises $4 million to expand waste-tech and clean solutions

EcoEx's $4 million seed funding from Dovetail Global Fund and others will fuel tech upgrades, expansion, and ESG-aligned waste management solutions across India

Festival cheer: Gifting platforms unwrap 50% growth on quick commerce

From cakes and curated hampers to flowers and chocolates, qcom is rewriting the rules of festival gifting

Startups get a makeover, rename parent firms to signal scale, IPO readiness

The latest to join this rebranding wave is Oravel Stays Limited, the parent company of OYO, which earlier this month unveiled a new corporate identity - PRISM

Low VC funding, regulatory hurdles challenges to biotech growth: BIRAC MD

India targets a $300 billion bioeconomy by 2030, up from $165 billion in 2024.

Festival sales: Quick-commerce leads with over 85% order volume growth

Unicommerce analysis shows quick commerce outpacing e-commerce in festive week order volumes, led by FMCG, beauty, wellness, electronics and strong Tier-II, Tier-III city demand

Zomato launches Healthy Mode feature, rates dishes on nutritional value

Zomato's new Healthy Mode feature assigns scores to meals based on nutrition, using AI and restaurant data to help users pick healthier options across categories

IPO-bound PhysicsWallah to invest ₹460 crore in offline, hybrid centers

PhysicsWallah will use ₹460.55 crore from IPO proceeds to set up Vidyapeeth, Pathshala and Other Centers across India and select overseas markets to expand offline reach

Abhishek Maheshwari joins OneAssist as CEO to drive expansion and AI push

OneAssist has appointed Abhishek Maheshwari as CEO to lead business strategy, AI adoption and expansion into new categories and geographies to serve more households

Duro Capital hits first close of ₹200 crore on maiden India AIF offering

Duro Opportunities Fund, a Sebi-registered AIF, aims to raise ₹1,000 cr from Indian family offices for concentrated bets on listed companies across sectors

Xbattery raises $2.3 mn seed funding led by Bipin Patel Family Office

Hyderabad-based deep-tech startup Xbattery has raised $2.3 mn in seed funding led by Bipin Patel Family Office to scale BharatBMS and strengthen India's EV and energy storage ecosystem

Swiggy to transfer Instamart to wholly owned subsidiary via slump sale

Swiggy approved the transfer of its Instamart quick commerce business to Swiggy Instamart Pvt Ltd through a slump sale to create a focused entity for long-term growth

Ex-Zomato CEO Rakesh Ranjan joins Allen Online to lead digital growth

Allen has named ex-Zomato chief Rakesh Ranjan as CEO of Allen Online to scale AI-powered learning, succeeding Abha Maheshwari, who stepped down after two years in the role

Good Capital closes its second fund with investments in AI-powered startups

Venture capital firm Good Capital has closed its second fund at $30 million, aiming to back AI-driven startups after supporting companies like Meesho, Orange Health, and LEAD School

Swiggy to sell stake in Rapido for ₹2,400 crore to Prosus, WestBridge

Swiggy will sell its entire 11.8 per cent stake in Rapido to Prosus and WestBridge Capital for Rs 2,400 crore, securing more than 2.5 times return on its 2022 investment

InCred, Analah consortium invests ₹50 cr in PRISM-backed Sunday PropTech

Sunday PropTech, backed by PRISM, raises Rs 50 crore from InCred and Analah-led consortium to expand premium and mid-premium hotels under brands such as Sunday and Townhouse

Rocket raises $15 mn Seed funding to fuel global app-building push

AI-powered app-builder Rocket secures $15 million Seed funding led by Salesforce Ventures and Accel, to expand globally with a new headquarters in North America

Evera Cabs offers to lease 1,000 BluSmart cars financed by PFC, IREDA

Evera Cabs has submitted a proposal to lease 1,000 BluSmart EVs financed by PFC and IREDA as part of its expansion strategy while lenders explore recovery from the defunct service

India has world-class talent, 'right momentum' for chip growth: Merck exec

German company signed agreement with Tata Electronics for semiconductor development earlier this month

FMCG firms may shift to new GST regime without changing current price tag

The govt could allow discounts to be reflected in the invoice during the transition