News and Trends: Page 8
Tata Motors On An Expansion Spree: Opens New EV Stores
With an eye on giving customers a different retail experience and a post-purchase exposure, where they have access to both the dealership facilities and company, the auto giant started on an EV exclusive retail footprint
Zepto Café Rolls Out Nationwide, Delivering Café-Quality Food in Just 10 Minutes
Zepto Café offers more than 148 items, including chai, coffee, breakfast, pastries, and snacks, delivering quality food in 10 minutes.
Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment
Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.
The Good Glamm Group Completes 100% Acquisition of The Moms Co.
In October 2021, The Good Glamm Group had acquired a majority stake in The Moms Co. through a cash and stock deal, which resulted in partial exits for the brand's founders and full exits for investors like DSG Capital and Saama Capital.
67% of Companies Generating Positive ROI from AI Investments in India's TMT Sector: Report
40% of companies report a 5-10 per cent reduction in operational costs due to AI implementations
MakeMyTrip Acquires Happay Expense Management Platform from CRED to Enhance Corporate Travel Solutions
Under the agreement, the Happay brand, its business operations, and a dedicated team will transition to MakeMyTrip. Happay's payments business and associated team, however, will remain with CRED.
HealthKart Raises USD 153 Mn, Announces First INR 55 Cr ESOP Buyback
Founded in 2011 by IIT and Harvard alumnus Sameer Maheshwari, HealthKart is a consumer nutrition platform, operating digital-first brands like MuscleBlaze, HK Vitals, and Gritzo across key nutrition segments.
Matrix Geo and Assure Clinics Raise Funding
The Indian startups listed below have disclosed investment rounds.
Bollywood Actor Ranveer Singh Teams Up with Think9 to Launch SuperYou Protein Brand
The actor also has stakes in brands like Sugar Cosmetics, BoAt, and Bold Care.
Cedar-IBSi Capital Eyes to Back 10 to 15 Startups in BFSI Sector
The fund primarily aims to target early-stage startups in the BFSI sector (banking, financial services, and insurance), investing in seed to Series A rounds.
Aditya Birla Group Makes USD 20 Bn Investments to Achieve Industry Leadership
Among the group's ambitious goals is the expansion of its cement business, which currently has a capacity of 100 million tonnes. Birla announced plans to scale this to 150 million tonnes in five years and 200 million tonnes over the next decade.
Data Breach Drama: When Trust Turns Costly in a Digital Age
Amid surging data breaches, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
SPPU Teams Up with Transcendental Technologies to Launch Cybersecurity Courses
These programs aim to equip students, professionals, and law enforcement officers with the skills needed to tackle cyber threats
Duolingo to Launch Generative AI Video-Calling Feature in India to Boost Monetisation
Duolingo is also expanding its India presence, hiring its first engineering and product teams in the country
Michigan College Student Receives Threatening Message from Google AI Chatbot
The chatbot's response, which included the chilling phrase "Please die. Please," has raised serious concerns about AI safety