Yes, UPI has crossed the milestone of processing 500 million transactions on a daily basis for a couple of times in August. This is a significant jump for UPI in daily volume as the Indian government has set the ambitious target of clocking 1 billion transactions per day by UPI by 2026-27. UPI is a…
Introduction Founded in 2018, BharatPe has rapidly ascended to prominence within India’s digital payments sphere. As a fintech startup, BharatPe has carved out a significant niche by offering a diverse range of financial services tailored to the needs of small merchants and enterprises. The company’s success narrative is a testament to its inventive approach to…
San Francisco based staffing giant Instawork has made a big move to expand its presence globally. It acquired Bengaluru based Able Jobs to enter the Indian tech space. Or another way to look at it is Instawork is going all in on the flexible workforce space. Able Jobs, backed by Elevation Capital and Y Combinator,…
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,…
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…
Minimalist, a rising star in the Indian D2C market, continues to shine. This Jaipur-based brand has hit a new high, surpassing Rs 350 crore in revenue for FY24, a remarkable 89% year-on-year growth. This growth story extends to profits, which have doubled in the same period. Minimalist’s success is fueled by its focus on high-quality,…
Opkey, the AI-centered test automation solution designed for enterprise systems, closed $47m of Series B funding. The latest investment round is headed by the PeakSpan Capital and will allow Opkey to strengthen its existing technology and increase its worldwide presence. That is why the startup is going to use the funds to advance the development…
The Qatar Investment Authority, one of the largest foreign investors in India, has filed a petition in an Indian court seeking to require Byju Raveendran to disclose details of his personal assets. This represents a new challenge for the education technology entrepreneur who oversaw his high-growth startup raise funds just last year. QIA, which first…
Neuron Energy, an electric vehicle battery company based in India’s financial capital, Mumbai, is the latest EV battery industry start up to have garnered Rs 20 crore in freshly brewed Series A capital. That is the second relatively large funding round announced by the company in under a year. Neuron Energy is an old company…
WHY CAN’T INDIA FIND FORD KI KUCH FAMILY WALI FEELING?Why this Family wali Feeling faded?Ford entered India in the early 1990s, offering great driving dynamics and best-in-class build quality. So why did it fail?1. Sustained Low Sales & Market ShareFord always had a low marketing share in India due to India being a price-sensitive market,…
