Page 13 - Udisha Srivastav

Evera Cabs secures $4 mn from Mufin Green Finance to speed up EV expansion

Homegrown EV cab firm Evera secures funding from Mufin Green Finance to double airport reach, scale operations with BluSmart fleet acquisition and new growth targets

PE/VC investments fell 68% in May to $2.4 billion; deal count declined 24%

As a result of heightened geopolitical tensions, US tariff policy and other external headwinds, the investors are in a cautious and wait-and-watch mode, the report noted

'Much-needed relief': Startups on Sebi reforms relaxing ESOP norms

The ease in norms from the Securities and Exchange Board of India (Sebi) comes at a time when multiple Indian startups such as PhonePe, Zepto, Pine Labs

Magicfleet crosses 1 mn monthly deliveries, targets 2 mn by FY26-end

Magicpin's logistics arm Magicfleet reaches one million monthly deliveries and sets its sights on two million monthly orders by FY26 while expanding across metro cities

Physis Capital raises ₹200 crore, eyes 15+ startup deals by mid-2025

Backed by SUD Life, Haldiram's and others, Physis Capital aims to support 15+ high-impact startups with investments between $1-1.5 mn and top-ups up to $4 mn

VC firm Speciale Invest plans launch of new fund for deep-tech investments

Deep-tech investor Speciale Invest to roll out Fund III, slightly bigger than its ₹300 crore Fund II; expects to back 5-6 startups in first year with $0.75-1 mn tickets

How an AI bot cracked the tough NEET exam, beating most human scores

An AI bot named Allie developed by coaching institute Allen scored 678/720 in her NEET 2025 exam debut, a score that would place in the top 10 and secure a spot at AIIMS Delhi

Zepto scales fresh supply chain, sells 22 lakh units daily in May

Zepto quadruples daily fresh produce sales to 22.1 lakh units in May by sourcing directly from farmers via 70+ hubs and using tech to optimise procurement and delivery

Commuters feel pinch as bike-taxi firms halt ops after Karnataka HC order

Not just the customers, bike-taxi drivers are also left stranded as many depended on the service for their livelihood

Rapido halts bike taxi services in Karnataka after high court order

In place of a bike taxi, users now see a "bike parcel" service

Blinkit, Zepto resume operations in Maharashtra after FDA licence clearance

Blinkit and Zepto resume operations at closed facilities in Maharashtra after securing food safety licences and complying with corrective actions ordered by the FDA

PhysicsWallah to provide Rs 300 crore learning tools in Telangana

MoU with the Telangana government will enable access to live classes, AI tutors, and NEET/JEE prep tools for state board students from Classes 9 to 12 over five years

Will be present across India over next 3-5 years: Namma Yatri's Shan M S

Namma Yatri recently crossed 100 million rides but the traction is largely from Bengaluru and some Southern and Eastern regions

Operator-led startups outpace peers in funding speed and deal size

A Tracxn report commissioned by RTP Global finds operator-led startups outperform others in funding speed, size and Seed-stage success across 2022-24 in India

Airports become key battleground for cab companies after BluSmart closure

With BluSmart suspending metro operations, Uber, Rapido, and others are intensifying their push into high-growth airport routes, driven by a steady rise in domestic air passenger traffic

Jobs platform Apna's interview prep tool records 760K AI interviews

Gen Z job seekers and metro city users are driving the rapid adoption of Apna's AI Job Prep tool, which simulates interviews and offers real-time feedback

Recur Club eyes early, mid-stage firms for Rs 2,000 crore FY26 bet

Recur Club plans to invest Rs 2 crore on average in early and mid-stage startups, aiming to fund 1,000 firms in FY26 through its debt marketplace platform and network of 50+ lenders

Maharashtra FDA orders closure of Blinkit dark store amid licence issues

Blinkit's Balewadi dark store ordered closed by Maharashtra FDA for lack of food licence and unhygienic conditions amid rising scrutiny of quick commerce platforms

Rapido enters food aggregation with 'Ownly' platform, partners NRAI

The new platform will operate on a zero-commission model, charging restaurants a flat subscription fee

CCPA's advisory on dark patterns sent to over 50 online platforms

Platforms including Amazon, Flipkart, Zomato and Paytm asked to eliminate dark patterns and complete self-audits within three months as per 2020 e-commerce rules