In a major milestone for the growing watertech industry, Hyderabad-based Althion has successfully raised Rs 3.6 crore (about $426,000) in its pre-Series A funding round. The funding was led by BioAngels, an investment arm of the IAN Group, and supported by prominent investors such as Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi.
This investment is a significant boost for Althion…
Piyush Gupta, the former Managing Director of Peak XV (formerly Sequoia Capital), has launched a new investment firm called Kenro Capital. This exciting venture focuses on a niche but crucial part of the investment world—secondary transactions in late-stage startups. The firm aims to provide liquidity solutions to early investors, founders, and employees looking for exits, especially in…
Meesho, the Bengaluru-based e-commerce unicorn, has just launched an innovative, AI-powered voice bot aimed at transforming customer service. This generative AI (GenAI) tool is set to improve the shopping experience for millions of customers, particularly in India’s Tier II cities and beyond, where access to advanced technology can be limited.
Introducing Meesho’s Groundbreaking GenAI Voice…
ShopDeck Raises $8 Million to Help D2C Brands Thrive
Bengaluru-based e-commerce enabler ShopDeck has successfully raised $8 million in Series B funding, aiming to revolutionize how direct-to-consumer (D2C) brands operate.
The Funding Round: Big Backers, Bigger Plans
In a move that strengthens its position in the e-commerce space, ShopDeck has secured $8 million in a Series B funding round. This…
Nykaa Acquires Majority Stake in Earth Rhythm: A Bold Move in Clean Beauty
In an exciting move that signals the growing importance of clean beauty in India, Nykaa, the leading beauty e-commerce giant, has announced its acquisition of a majority stake in Earth Rhythm, a popular clean beauty brand. This strategic acquisition builds on Nykaa’s earlier investment in Earth Rhythm, where the company…
Uber One Launches in India: What You Need to Know About the New Loyalty Program
In a bid to attract more customers and keep them engaged, Uber has launched its Uber One loyalty subscription program in India. This new initiative is designed to compete with rivals like Ola and Rapido, offering a range of perks and benefits to frequent riders. With monthly, quarterly, and annual pricing options, Uber…
Stellaris Venture Partners Launches $300 Million Fund to Support India’s Startup Ecosystem
Stellaris Venture Partners, an early-stage venture capital firm based in Bengaluru, has raised $300 million for its third fund. This brings the firm’s total assets under management (AUM) to more than $600 million, reflecting its growing influence in India’s thriving startup ecosystem. The new fund will…
DPIIT and WinZO Partner to Boost India’s Gaming Ecosystem
In a major step towards transforming India into a global leader in interactive entertainment, the Department for Promotion of Industry and Internal Trade (DPIIT) has entered a strategic partnership with WinZO, one of India’s top social gaming platforms. This collaboration aims to foster growth and innovation in India’s fast-evolving…
abCoffee Names Rohit Tiwari as President of Operations Amid Rapid Growth Plans
abCoffee, a fast-growing specialty coffee brand in India, has appointed Rohit Tiwari as its new President of Operations. This key hire comes at a time when the brand is looking to scale its operations and expand its presence across the country. With his deep experience in hospitality and customer-driven businesses…
True Diamond Secures $1 Million in Seed Funding to Spark Growth
In an exciting move for the sustainable jewellery market, True Diamond, a Mumbai-based startup specializing in high-quality lab-grown diamonds, has successfully raised $1 million in a seed funding round. The round was led by Titan Capital and saw participation from Huddle Ventures, Zeropearl Ventures, and several notable angel…
