Pluckk, a fresh food startup, has achieved a remarkable milestone by achieving an annual revenue run rate (ARR) of Rs 100 crore during FY24. This achievement sets the stage for an ambitious goal – to double revenue within a span of a year. Market presence and alliances Pluckk has established itself as a prominent fresh … Read more
Fintech startup focused on rural areas Jai Kisan has obtained a Non-Banking Finance Company (NBFC) license after acquiring a majority stake in Kushal Finnovation Capital, an NBFC specialising in supply chain finance. Arjun Ahluwalia, Co-Founder and CEO of Jai Kisan is a non-executive director of Kushal Finnovation Capital. With this new NBFC LicenseJai Kisan can … Read more
Zee Media Corporation Limited (ZMCL), in collaboration with Bluechip Encore Private Limited, is pleased to announce the Global Unicorn Summit 2024, scheduled to take place on 24th August 2024 in Bengaluru. The summit, in association with Zee Business, India’s leading business news destination, and WION, India’s first and only international news channel, will bring together … Read more
India and Maldives have recently taken a major step towards strengthening their economic partnership by signing an agreement to introduce the Unified Payments Interface (UPI) in the Maldives. According to India’s External Affairs Minister S. Jaishankar, the initiative is expected to have a “very positive” impact on the archipelago nation’s tourism sector. The Memorandum of … Read more
Indian captain Rohit Sharma has ventured into the fintech space by investing in LE01, an educational fintech company formerly known as Financepeer. Over the past three years, the company has raised around Rs 290 crore ($35 million) through two investment rounds, according to a press release. Rohit Sharma expressed his excitement about the partnership, “I … Read more
In a disturbing incident, a 23-year-old employee of Third Wave Coffee in Bangalore She was caught after a woman discovered a cell phone hidden in the establishment’s bathroom. The employee, identified as Manoj, was working at the popular cafe on BEL Road in Bengaluru. The incident came to light when a customer, who was present … Read more
Despite stiff competition from several states including Gujarat, Karnataka, Andhra Pradesh, Uttar Pradesh and Odisha, Maharashtra has maintained its top position in Foreign Direct Investment (FDI) inflows into the country, according to the State Economic Survey 2023-24. The Economic Survey was presented by Deputy Chief Minister Ajit Pawar in the Assembly on Thursday. Deputy Chief … Read more
Between August 5 and August 10, 2024, 18 startups from various sectors raised nearly $99 million in funding from investors. These sectors include Agritech, Fintech, Beauty, Healthtech, Jewelry, eCommerce, SaaS and EV. Last week, Indian startups raised over $401 million in funding, with Bengaluru-based ride-hailing startup Rapido raising $120 million alone. Unlike M&A deals, which … Read more
DBS Bank India has announced the launch of a pre-shipment financing solution aimed at empowering SMEs in the country, in partnership with Receivables Exchange of India Ltd (RXIL), the first exchange platform licensed by the Reserve Bank of India under the Electronic Receivables Discounting System (TReDS). The Electronic Receivables Discounting System or TReDS is a … Read more
Global Capability Centres (GCCs) and startups have emerged as important players in job creation in India. Together, these projects have created around eight million new jobs in the past five years, said Sumita Dawra, Secretary at the Ministry of Labour and Employment. Dawra said this at an event held in the national capital by the … Read more
