Waycool, a fast-growing agri-tech startup, has laid off over 200 employees in Chennai, Bengaluru and Hyderabad in its efforts to turn a profit. This is the third round of layoffs in a year. The company is focusing on streamlining roles and automating processes to achieve financial stability.Despite these challenges, WayCool has raised $341 million from…
Apple is planning to manufacture iPhone 16 Pro models in India, which will be available from the first day of the after the launch. This move marks a significant expansion for Apple in India, as earlier only standard models were manufactured in the country. Apple’s this decision can be a major step towards further strengthening…
FMCG giant Emami is all set to acquire men’s grooming brand The Mann Company. This will be the company’s first full-fledged acquisition in the D2C sector. The deal is valued at around Rs 400 crore and is in the final stages.Emami already holds over 50% stake in The Mann Company, while the remaining stake is…
Venture capitalists and industry experts have welcomed the removal of angel tax, which is an important step towards accelerating the growth of startups in India. Finance Minister Nirmala Sitharaman during the Budget presentation for 2024-25 announced that angel tax will be abolished for all investors. The angel tax, introduced in 2012 to prevent money laundering,…
According to the port, Amazon India has shown interest in picking up a stake in Swiggy’s instant commerce arm, Instamart, which could be ahead of Swiggy’s Rs 10,414 crore IPO. The move could either be in the form of a pre-IPO placement or a complete buyout. The Economic Times has highlighted several hurdles in the…
All-rounder Hardik Pandya has partnered with FanCode Shop to launch his own performance wear range, marking his foray into the world of startups. Under this exclusive licensing deal, FanCode will design, manufacture and market the products, and work on a revenue-sharing model. The initial product lineup includes T-shirts, vests, polos, shorts and jackets, priced between…
Aereo, a Bengaluru-based business Startup, recently received a $15 million investment! They will be able to enhance their drones and the unique computer programmes they employ for data analysis with the aid of this funding.Aерo assists large corporations in monitoring their valuable assets and machinery with the use of drones and intelligent computer programmes. They…
Wealthtech startup Stable Money has raised Rs 123 crore ($15 million) in a fresh funding round from RTP Capital, Lightspeed India and Matrix Partners. It has completed the second funding round within a year despite a challenging funding environment. The board approved the issuance of 77,135 CCPS at a price of Rs 16,019 per share….
Social learning platform Startup Bluelearn announced on Sunday that it has ceased operations, citing difficulties in achieving rapid growth. The three-year-old company will return 70% of the capital it raised to its investors.Based in Bengaluru, Bluelearn had raised nearly $4 million in two rounds from Elevation Capital, Lightspeed, Titan Capital, and 2am VC. The platform…
A Japanese marketing startup, Piala, found a clever way to boost employee health and productivity! Smokers were taking breaks throughout the day, but everyone clocked out at the same time. This meant non-smokers were basically working a little extra. To keep things fair and encourage a healthy lifestyle, Piala decided to offer non-smokers up to…
