Page 5 - Udisha Srivastav

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

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

Stellaris Venture Partners to focus on consumer, AI, and deeptech

The VC firm will tap its $300 million Fund III to invest in at least 30 companies over the next three-and-a-half-year period, with different ticket sizes depending on stage

Swiggy rolls out 'Toing' app in Pune amid rising food delivery rivalry

Swiggy has introduced a new standalone food delivery app, Toing, in Pune to cater to students and young professionals with affordable meals as competition in the sector intensifies

Generalist VCs in India bet big on deep-tech, innovation-driven companies

Deep-tech now forms over half of VC portfolios in India as firms like Cornerstone, Unicorn India Ventures and All in Capital back startups combining research with scalable models

Inflection Point Ventures to invest in 50 startups by 2025-end: Cofounder

Mittal added that though the firm continues to be a sector-agnostic company, its last few investments have been in consumer tech, health, sports, and deep-tech

India's semiconductor market expected to touch $103.5 billion by 2030

According to the report, 80 per cent of the workforce has less than 10 years of experience, signaling depth at junior levels but a leadership supply gap at mid-to-senior roles

Qcom firms go on an EV drive, but cost, charging infra remain roadblocks

Major delivery platforms commit to adopting EVs for last-mile deliveries, but upfront costs of EV two-wheelers and lack of reliable charging infrastructure remain barriers

GST relief to act as sales multiplier: Amazon India exec Saurabh Srivastava

Amazon India expects GST revisions to drive stronger festive demand as its Great Indian Festival starts September 23 with expanded delivery reach and seller participation