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India's Festive Season Sale Wraps Up with 14% Volume Growth, Driven by Emerging Categories and Tier III Towns
A noteworthy trend this year was the performance of Tier III towns, which surpassed Tier II cities with a market share of 36.4 per cent in order volumes, compared to 23.5 per cent for the latter.
October Insights: India's Service Sector Grows 13% in Employment and 58% in Output
The HSBC India Services Business Activity Index rose from 57.7 in September to 58.5 in October, signaling a sharp acceleration in growth well above the long-term average of 54.1
Pulse and Enlog Secure Early-Stage Funding to Drive Growth and Innovation
The following Indian startups have recently announced new funding rounds.
Fitness Startup Boldfit Secures USD 13 Mn Funding Led by Bessemer Venture Partners
Boldfit aims to deploy the new funds to boost product innovation, expand its brand, improve logistics for faster deliveries, develop new product lines, and enhance customer engagement through targeted campaigns and community initiatives.
Digital Wealth Platform Nivesh Acquires Wealthzi
With this acquisition, Nivesh will incorporate Wealthzi's offerings into its technology-driven platform, enhancing user experience and creating operational synergies across products, research, and services.
Xiaomi India President Muralikrishnan B Steps Down to Pursue Academic Research
Since joining Xiaomi India in 2018, Muralikrishnan has held pivotal roles, including Chief Operating Officer, before becoming President in 2022.