Page 9 - Udisha Srivastav

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

Venture Catalysts raises ₹150 cr to launch new funds, expand leadership

Over the next few quarters, the firm plans to onboard senior talent across investing, product and platform, and expand its Category II alternative investment fund (AIF) suite

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

Rakesh Ranjan, former CEO of Zomato's food delivery business, exits company

Rakesh Ranjan exits Zomato's food delivery business following a restructuring; Aditya Mangla appointed as new CEO, with the next career move of Ranjan yet to be known

Startups and VCs call for ecosystem for growth of semiconductor industry

Startups and venture capital firms emphasise the need for a strong ecosystem to accelerate the growth of India's semiconductor industry, fostering both domestic and global competitiveness

Semicon India 2025: GlobalFoundries to support companies under DLI scheme

At Semicon India 2025, GlobalFoundries announced it will support companies under India's DLI scheme by providing access to design kits, wafer fabrication, and engineering resources

SEMICON India 2025: Industry seeks policy push to build product nation

Industry leaders say incentives, procurement, and talent ecosystem are key to driving India's semiconductor and product ambitions.