News and Trends: Page 3
India's Economic Outlook Expected to Grow 6.6% in Q3 FY2025 Amid Challenges: ICRA Report
ICRA estimates the GVA growth to improve to 6.6 per cent in Q3 FY2025 from 5.6 per cent seen in Q2 FY2025; the pace of GDP growth in the quarter will be contingent on the Government's subsidy pay-out and indirect tax inflows. Overall, we expect the GVA and GDP growth to print at 6.5 per cent each in FY2025
OYO Expands Global Footprint with USD 525 Mn Acquisition of G6 Hospitality
The acquisition adds approximately 1,500 franchised hotels across the US and Canada to OYO's portfolio, positioning the company as a formidable player in the region.
Univest Bags USD 10 Mn in Series A Funding from Bertelsmann India Investments
The fresh capital will fuel Univest's mission to democratise access to high-quality research and establish a comprehensive full-stack brokerage offering.
Cornerstone Ventures Exits Intelligence Node with USD 100 Mn Acquisition by IPG
This marks a significant milestone for Cornerstone Ventures, which had earlier exited Wigzo Technologies, acquired by logistics unicorn Shiprocket in 2021.
HostBooks Secures USD 5 Mn in Series B Funding from Orange Orbit LLP
The fresh funding will support HostBooks in scaling its international presence, expanding its product offerings, integrating advanced AI-driven modules, and strengthening its sales, product marketing, and operations teams.
Epigamia Co-founder Rohan Mirchandani's Untimely Demise Shocks Startup Community
Epigamia's daily operations will now be managed by senior leaders Ankur Goel (COO and Founding Member) and Uday Thakker (Co-founder and Director), with full support from the Board of Directors.
Netherlands Based GenAI Bitotech Startup Cradle Raises $73M in Series B Round
An Uber and Netflix VC backer invests.
TeamLease Acquires TSR Darashaw, Secures Stake in Crystal HR to Enhance HCM Offerings
Both transactions are subject to customary closing conditions and statutory approvals.
Vedanta Scraps Plan to List Base Metals Business, Explores Alternative Avenues
Vedanta confirmed that the share entitlement ratio for the demerger of its other five businesses remains unchanged. As part of the vertical split, shareholders will receive one share in each of the newly listed companies for every share they currently hold in Vedanta.
India's Forex Reserves Decline by $1.98 Billion, Continue Downward Trend
A deeper look into the composition of the reserves reveals that foreign currency assets (FCA)—a major component—fell by $3.047 billion during the week, standing at $562.576 billion.
Haircare Brand Arata Raises $4M in Series A Funding Led by Unilever Ventures
The personal care brand competes with established players like WOW Skin Science, Pilgrim, and Mamaearth, in a rapidly growing market. This latest funding round highlights investor confidence in the brand's potential to scale and become a leader in India's haircare industry.
Freshworks Founder Girish Mathrubootham Sells $40M in Shares Amid Strategic Shifts
For the July-September quarter, the company reported a 22 per cent year-over-year increase in revenue, reaching $186.6 million. For the full fiscal year, Freshworks projects a 20 per cent growth, with total revenue estimated to range between $713 million and $716.6 million.
This Week's Best Startup Funding Deals (Dec 14–20)
This week's funding deals (Dec 14–20) spotlighted several innovative startups across various industries, raising significant capital to fuel their growth.
This AI is the Key to Unlocking Explosive Sales Growth in 2025
Tired of the hustle? Discover a free, hidden AI from Google that helped me double sales and triple leads in a month. Learn how this tool can analyze campaigns and uncover insights most marketers miss.
New Data Reveals Who Is Hiring in the Creator Economy
Creator-economy startups are in the market for engineers. Here's who else is in demand, plus six companies with the most openings.