Rebel Foods, India’s pioneering cloud kitchen platform, reported a strong improvement in its fiscal year financials, with its revenue rising nearly 19% and losses falling over 40%. The growth indeed suggests how well Rebel Foods has strategized to successfully navigate the competitive foodtech landscape. Food sold was the mainstay of the company, which contributed a…
Zepto is a rapid delivery startup that has increased its valuation to $5 billion after it closed a funding round of $340 million led by General Catalyst. It is almost double the valuation it attained in June, which was $3.6 billion. The fresh capital will drive expansion plans of the company at Zepto, including doubling…
The Indian government has currently launched the Digital Agriculture Mission to modernize the usa’s agriculture zone. This bold initiative goals to enhance farmers’ incomes by means of presenting them with get right of entry to to digital equipment and statistics. The undertaking will help various virtual agriculture tasks, which includes the creation of a digital…
Mastercard and wearable manufacturer boAt have partnered to enable tap-and-pay on their smartwatches. According to a press release from Mastercard, Mastercard cardholders who use smartwatches with payment capabilities from boAt will be able to make easy payments straight from their devices via Crest Pay, the official boAt app. Cardholders may now tokenize their current Mastercard…
Seiko Solutions, one of the pioneers in telematics, enters into a strategic partnership with Indicus Software-a well-renowned IoT solutions provider. With this, the alliance aims to rewrite the future of telematics by embedding the most advanced state-of-art IoT technologies in Seiko Solutions’ presently existing service portfolio. The partnership will utilize Indicus Software’s industry-leading “Contineo” platform,…
Flipkart, the Indian online retailer, announced the opening of two new fulfillment centers in Uttar Pradesh. The new FCs are strategically located at Varanasi and Unnao, collectively spanning more than 5 lakh square feet of storage space. The centres are likely to massively improve the operational efficiencies of Flipkart in the region and create in…
Unicommerce, the foremost SaaS provider solution for e-commerce has reported marvellous financial results for the first quarter of the fiscal year. The results demonstrated a 3% increase in revenues although it is a considerable reduction quarter on quarter and an even more impressive 22% growth in earnings. From Rs 26.5 crore in Q4 FY24 to…
Blue Tokai, a specialty coffee and bakery brand, has increased its momentum thanks to the $35 million Series C funding round spearheaded by global investment platform Verlinvest. Other participants in the financing included existing investors Anicut Capital and A91 Partners. The additional funds will help Blue Tokai consolidate its share in the existing metropolitan markets…
My Tirth India, a company that combines spirituality and technology, has unfortunately decided to cease operations due to a shortage of financial support. This news is particularly surprising given the recent popularity and growth of the spiritual tech sector. Despite the overall tightening of funding for many industries, spiritual tech has managed to attract significant…
Ritesh Aggarwal-led hospitality giant OYO as officially appointed Sumer Juneja as a non-executive director. The decision comes after a month after Juneja was inducted as an additional director, representing SoftBank. The appointment is in accordance with a resolution passed by the company’s board, as detailed in a regulatory filing with the Registrar of Companies (RoC). …
