New Delhi: Macquarie Capital has acquired a “substantial minority stake” in ChargeZone, a Vadodara-based company specializing in high-speed electric vehicle (EV) charging networks. The specifics of the stake and the investment amount remain undisclosed. This move is set to boost ChargeZone’s efforts in expanding its cloud technology-enabled EV charging network, aligning with India’s growing focus…
SUMMARY Walmart-owned digital payments app PhonePe has rolled out a new feature on the platform that will allow its users to manage their credit cards as well as pay bills and loans. The ‘Credit’ section will enable users to view their credit bureau score without any additional cost, PhonePe said in a statement, adding that…
MUMBAI : The Sleep Company, an omnichannel leader in the comfort-tech business, has raised ₹184 crore in Series C from existing investors Premji Invest and Fireside Ventures. The company, which provides both sleep and seating technology, will use the funding to grow its offline presence, expand in other regions and widen its product basket, the…
New Delhi: Agilitas Sports, founded by Abhishek Ganguly, the former managing director of Puma India and South-East Asia, has raised ₹100 crore from Nexus Venture Partners. This funding is aimed at developing a range of consumer brands in the sports footwear and apparel sectors. Agilitas had secured ₹400 crore in May from funds managed by…
One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson’s Virgin Group, will cease operations on December 31 according to Bloomberg News. It’s the latest stumble in the tech industry’s attempt to bring life to an idea Elon Musk first put forth in a white paper in…
Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital (VC) funding deals in the past 11 months this year. Last year, the startups had raised $20.2…
SUMMARY Delhi-NCR-based electric mobility startup BluSmart has raised $24 Mn (INR 200 Cr) in a fresh equity funding round, which saw participation and over-subscription from its existing investors, founders and leadership team. The startup will use the capital to build large-scale EV charging superhubs enabling the expansion of its electric ride-hailing service. Founded in 2019,…
From job seekers to job providers, Indians are shifting towards entrepreneurship. With the new age of tech-driven businesses monikered as startups, young minds come together and manifest how creativity, innovation, and hard work can transform the way they work across various industries in the country. Startups are buzzing with ideas and energy, reflecting the optimistic…
