India’s largest integrated power company, tata powerhas signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest a whopping amount of Rs 1.2 lakh crore in transforming the state’s power sector. The MoU was signed during the Rising Rajasthan investors meet in New Delhi in the presence of Chief Minister Bhajan Lal … Read more
Drone technology startup IG Drones has raised $1 million in its seed funds round led by India Accelerator, with the participation of several angel investors. IG Drones also plans to raise an additional $3 million over the next six months to further expand its operations in India and globally. Who are the founders? Founded in … Read more
Six-month-old skincare brand ClayCo Cosmetics has raised $2 million (or around Rs 16 crore) in a Series A. funds round from Unilever Ventures, the venture capital and private equity division of Unilever. The newly launched startup plans to use the raised capital to scale its operations, improve its product offerings and intensify marketing efforts. The … Read more
Gurugram-based fintech startup BASIC Home Loan recently raised Rs 87.5 crore (or $10.6 million) in a Series B. funds round led by Bertelsmann India Investments (BII) and UAE-based CE-Ventures, the venture capital arm of Crescent Enterprises. The round also included the participation of investorsincluding prominent equity investor Ashish Kacholia, Gruhas, Let’s Venture, 9Unicorns and Venture … Read more
edtech unicorn upGrad has appointed Amit Mehta as Chief Human Resources Officer (CHRO). He will formally assume office on October 8, 2024. After a successful career at Hindustan Unilever Limited (HUL), where he held various HR leadership positions, Amit will lead and drive upGrad’s people strategy globally, driving organizational effectiveness, talent development and performance management … Read more
A fund managed by a US-based investor. Invesco increased the fair value of online public markets destined food delivery company drink on its books to $13.3 billion as of July 31, according to a regulatory filing filed with the U.S. Securities and Exchange Commission. At the same time, the investor reduced the valuation from the … Read more
Mumbai-based digital lifestyle fresh food brand Pluckk has acquired Upnourish, a direct-to-consumer nutrition brand, for $1.4 million. with this acquisitionPluckk aims to offer a broader range of health-focused products, integrating Upnourish’s meal replacement solutions into its portfolio. “We are delighted to welcome Upnourish to the Pluckk family, as this move directly benefits Pluckk customers. Their … Read more
A 30-year-old delivery driver was allegedly murdered by two subjects during a iPhone delivery, according to police reports on Monday. The victim had gone to hand over the phone to one of the accused, who had to pay Rs 1.5 lakh for the product. Officials said the suspects disposed of the body in the Indira … Read more
Indefinite co-founder Siddharth Mahanot On Tuesday he said he had resigned as chief executive. The other co-founder, Alok Mittaland the CEO of the company, Sangram Singhwill continue to lead the small business-focused lending company. In a post on social media platform LinkedIn, Mahanot said: “While I am stepping away from day-to-day operations, I will remain … Read more
Tata ClassEdge (TCE) Limited, a subsidiary of Tata Industries Limited, has partnered with Routes2Roots (R2R), a Delhi-based non-profit organization dedicated to promoting art, culture and heritage. The partnership will enable the integration of TCE’s proprietary educational content into R2R’s interactive flat panels in schools where the NGO operates. Upgrading Routes2Roots digital classrooms This partnership will … Read more
