Blue Tokai, a prominent Indian specialty coffee and bakery brand, has successfully raised $35 million (approximately Rs 293 crore) in a Series C funding round. The investment was led by Verlinvest, a global evergreen investment firm, with additional contributions from existing investors Anicut Capital and A91 Partners.
Verlinvest, known for its investments in FMCG, health, consumer technology, and…
Zepto, the Indian grocery delivery startup, has achieved a significant milestone with its valuation climbing to $5 billion, thanks to a recent funding round led by General Catalyst Partners. This represents a remarkable 40% increase in the company’s valuation.
The $340 million funding round also welcomed new investors Dragon Fund and Epiq Capital, while existing backers such as Lightspeed…
Amidst a broader consumer slowdown affecting many retailers in India, Tata Group’s Trent Ltd. stands out with remarkable growth. Trent, one of the country’s leading apparel retailers, has defied the trend of contraction by significantly expanding its operations over the past year.
According to its latest annual report, Trent added 220 new stores and increased its workforce by 8,641 employees…
Emami Limited is set to acquire complete ownership of Helios Lifestyle Pvt Ltd, which is known for its men’s grooming brand, ‘The Man Company.’ This deal involves Emami purchasing the remaining 49.60% stake in Helios, bringing its total ownership to 100%. Emami already holds a 50.40% stake in Helios, making it a subsidiary of Emami Ltd.
The acquisition aligns with Emami’s strategy to…
PayU, a leading Indian financial services provider, has unveiled groundbreaking solutions for global payments at the Global Fintech Festival 2024 (GFF). The new offerings, including the Subscription Multiplier and Cross-Border Issuer Authentication Solution, promise to enhance the efficiency and security of international transactions, addressing key challenges in the payments ecosystem.
Next-Gen…
Flipkart has recently inaugurated two major Fulfillment Centers (FCs) in Uttar Pradesh, marking a significant expansion in its logistics and supply chain infrastructure. This strategic move is set to create over 3,600 direct and indirect employment opportunities, significantly contributing to the state’s economic growth.
The newly inaugurated facilities include a Fulfillment Center and sortation…
Darwinbox has announced the promotion of Vineet Singh from Chief Technology Officer (CTO) to Co-Founder, marking a significant milestone for the HR tech platform. Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox specializes in comprehensive HR functions including employee onboarding, attendance, and payroll. The company has garnered support from global investors…
Leading technology companies from around the globe are vying for a substantial slice of India’s ambitious AI mission, with interest now focused on a Rs 10,000 crore tender for graphics processing units (GPUs). The tender, central to the Indian government’s broader Artificial Intelligence (AI) initiative, has attracted attention from major players including Nvidia, Intel, AMD, Qualcomm…
FirstCry, the leading Indian omnichannel retailer specializing in baby and mothercare products, has reported a significant reduction in its losses for the first quarter of FY25 and announced a major investment in its UAE operations. The company, under its parent entity Brainbees Solution, achieved a 31.4% reduction in losses, reflecting its ongoing strategic focus on global expansion and…
Gurugram-based AGRIM, a leading B2B platform for agricultural inputs, has successfully raised $17.3 million in its Series B funding round. The round was led by Asia Impact and saw participation from existing investors including Kalaari Capital, India Quotient, Omnivore, and Accion Venture Lab. This new infusion of capital will enable AGRIM to strengthen its technology infrastructure, broaden its…
