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…
Indian fintech startups have experienced unprecedented growth over the past decade, with a staggering 500% increase and over $31 billion in investments, according to Prime Minister Narendra Modi. Speaking at the Global Fintech Fest 2024, Modi highlighted the transformative impact of fintech innovations on the Indian economy and society. The event, organized by the National Payments Corporation of…
At the recently concluded Global Fintech Fest (GFF) 2024, Google Pay made significant strides in enhancing digital payments with the introduction of several new features and partnerships. The three-day event showcased Google’s commitment to transforming the way Indians manage their finances and make payments, with a focus on convenience, security, and inclusivity.
Key Announcements from Google…
Reddit co-founders Steve Huffman and Alexis Ohanian faced a significant setback early in their entrepreneurial journey when Y Combinator rejected their initial startup idea in 2005. Their original concept aimed to enable food ordering via cell phones, a novel idea at the time. Despite the rejection, Y Combinator encouraged them to pursue another venture.
Undeterred, Huffman and Ohanian developed…
Mumbai-based Infra.Market, a prominent player in the construction materials and services sector, is preparing for a substantial initial public offering (IPO) that could raise between $500 million and $700 million. The company has shortlisted eight major investment banks to advise on this high-profile public listing, according to sources cited by Moneycontrol.
Key Details of the…
In a major regulatory move, the Securities and Exchange Board of India (Sebi) has removed over 15,000 content sites run by unregulated financial influencers in the past three months. This crackdown is part of Sebi’s broader initiative to safeguard investors and curb misleading financial advice from unauthorized sources.
Kamlesh Varshney, a Sebi wholetime member, emphasized the regulator’s…
In a significant move to enhance the convenience and security of digital payments, Mastercard has announced a strategic partnership with boAt, a prominent player in the Indian wearables market. This collaboration will bring the tap-and-pay functionality to boAt’s payment-enabled smartwatches, allowing users to conduct secure transactions directly from their wrists.
Key Features of the…
Mumbai’s Miko, a robotics startup renowned for its emotionally intelligent robots, has achieved a significant milestone with its latest funding round. The company, operating under the Emotix brand, has raised ₹20.5 crore (approximately $2.5 million), propelling its valuation to over $206 million. The funding was led by a consortium of angel investors alongside fintech company Moneycrew…
