Yubi, formerly known as CredAvenue, is making waves in the financial technology sector, showcasing impressive growth and strategic improvements in its financial performance for the fiscal year 2023-24 (FY24). The company, which operates as a debt platform for enterprises, banks, and fintech firms, has reported a 47.6% growth in its revenue from operations, reaching Rs 484 crore. At the same time…
In the rapidly expanding world of regional OTT platforms, Stage, a Hindi and regional language-focused service, is gearing up to raise a whopping $15 million in its upcoming funding round. Led by Goodwater Capital, with backing from existing investors like Blume Ventures, this round will help Stage ramp up its efforts in capturing the growing market for vernacular content in India.
With a unique…
In a recent controversy surrounding Zomato’s Hyperpure warehouse, Deepinder Goyal, the company’s CEO, addressed the issue of incorrectly labeled mushroom packets. The problem, which initially drew attention from the Telangana Commissioner of Food Safety, revolved around a small batch of mushroom packets with a future packaging date. Despite the uproar, Goyal defended the company, calling it a…
In a bold move to tap into India’s growing IT hardware manufacturing sector, Dixon Technologies, a leading homegrown electronics manufacturer, has announced the launch of a wholly-owned subsidiary called Dixon Teletech. This new venture will focus on manufacturing and dealing in IT hardware components, products, and equipment. The announcement comes as India is rapidly becoming a hub for…
When it comes to managing money, one lesson stands out, and it’s coming straight from one of India’s most successful entrepreneurs—Anupam Mittal, the founder of Shaadi.com and a prominent judge on Shark Tank India. In a recent conversation with 1% Club, Mittal shared a powerful and unexpected insight into how money works, and why even the wealthiest people need to be cautious about managing…
Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a mix of debt and equity, was led by the startup’s founders—Srikanth Reddy, Snehith Reddy, and Anand Pareek—as well as Phani Ramineni, the founder of Previa Health. Other investors included the Rohan Bajaj…
Viraa Care, a healthtech startup dedicated to improving infant nutrition and pediatric feeding, has successfully raised $108,000 in its pre-seed funding round. This new round of investment adds to the $100,000 the company secured earlier in 2024, bringing the total amount raised so far to $208,000. The recent funding includes an infusion of foreign direct investment from a European angel investor…
In a major development for India’s growing health-tech sector, QubeHealth, a Mumbai-based healthcare payments startup, has raised funding from two prominent investors: Unicorn India Ventures and CanBank Venture Capital Fund. The undisclosed investment comes as part of QubeHealth’s pre-Series-A funding round, marking a significant milestone in the company’s growth trajectory.
What makes…
Hyderabad, India (October 22, 2024) – In line with the recommendations of the NEP-2020 CISCE has taken various initiatives to infuse competency-based education of global standards in its affiliated schools. The Council for the Indian School Certificate Examinations (CISCE) is collaborating with the Education and Skills Directorate of the Organisation for Economic Co-operation and…
Born in 2003, Gurvit Tangri seemed to be just another teenager until life presented him with challenges that would define his future. At 16, his family fell on hard times, and Gurvit stepped up to contribute financially. He took a job as a security guard, earning a modest ₹7,000 per month—a tough reality for someone his age.
However, what made Gurvit different was his refusal to accept this as…
