The latest AI cloud firm in the industry is E2E Networks and this firm has been able to secure $50 million in fresh capital. The company intends to utilise this capital in order to further enhance its AI driven cloud platform to benefit business consumers of advanced machine learning and AI applications. E2E Networks was…
Starting up Livpure – the biggest player on Indian water purification market has received $24 million from both M& G Investments and Ncubate Capital Partners as part of its funding plan. The amount will go into use by this particular firm preparing for three various types of advancements which include: extending current product lines; improving…
Paytm India’s biggest digital payments service provider has said it is divesting its entertainment ticketing vertical to Zomato, a food delivery platform. The stock and cash deal is expected to be at Rs 2,048 crore and will involve the acquisition of Paytm’s subsidiaries Orbgen Technologies and Wasteland Entertainment that respectively own TicketNew and Insider. Paytm…
Uppercase, A startup from Mumbai, focused on sustainable travel accessories, has recently closed a large round of funding in the amount of $ 9 million in a B series, the leader of which became Accel. This injection of capital takes the total funding of the company to a significant $17. 9 million customers since the…
’Zoff Spices founder, Srijan has recently stepped into a new journey with a seed capital of Rs 40 crore to help the Indian food processing industry. This funding will help to accelerate the company’s future plans to diversify its product portfolio, improve its sales and distribution network, and increase the awareness of the brand. As…
One of the leading fintech startups – Pine Labs – is moving further in the development of the company’s strategy in India. The company has received the approval from the National Company Law Tribunal (NCLT) to amalgamate the Singapore incorporated entity of the company with its Indian operation. This tactical maneuver is anticipated to open…
Mobile wallet firm MobiKwik has at last been able to record its first full year of operations in the black. The total income of the fintech company increased to 58% year-on-year. 7 % in FY 24 and also posted a net profit as against a net loss in the previous year. This a clear pointer…
Reliance Industries is all geared up to disrupt the streaming industry in India with its plan to merge JioCinema with Disney+ Hotstar. The goal of this strategic maneuver is to make a single, overwhelming platform that can challenge international players such as Netflix and Amazon Prime Video. For instance, JioCinema that is already instrumentalally popular…
Shiprocket, an ecommerce enabler in which Zomato has a stake, has introduced a new D2C marketplace, Zop. This marketplace that is still in its pilot stage seeks to bring various direct-to-consumer brands that are Indigenous to Indians. Shiprocket’s vision is to create an environment where brand can access the audience and promote their products. With…
National coworking space leader Smartworks is getting prepared for his IPO with a fresh issue of Rs 550 crore. This is rather strange because in the last fiscal the company suffered a net loss of almost Rs 50 crore. But revenue is on an increase; for the next fiscal ending March 31, 2023 it stood…
