IntroductionThinKuvate, a Singapore-based angel investment platform, has announced the successful first close of its India Fund at Rs 25 crore, part of a larger target of Rs 100 crore. This milestone was reached just four months after the fund’s formal launch, signaling strong investor interest and confidence in India’s startup ecosystem.
Investment FocusThe ThinKuvate India Fund aims to…
L&T Semiconductor Technologies, a fabless chip company, is set to begin manufacturing its own semiconductor products by 2026, according to CEO Sandeep Kumar. The company is currently in the process of building teams to manage the design of 15 different semiconductor products and is already halfway through this initiative. Kumar stated that full capacity for product design will be reached within…
BharatPe has officially settled its long-standing dispute with former co-founder and managing director Ashneer Grover. In a statement, the fintech company announced that both parties have reached a definitive agreement, which stipulates that Grover will no longer be associated with BharatPe in any capacity and will not hold any shares in the company.
As part of the settlement, certain shares owned…
Amazon employees are expressing frustration and disillusionment following CEO Andy Jassy’s recent announcement mandating a return to the office five days a week. Many workers are now actively seeking new job opportunities, claiming they feel betrayed by the company’s abrupt policy changes.
The Shock of the Return-to-Office Mandate
Laura, an Amazon employee who has been with the company for…
HDFC Bank Ltd. has recently sold a housing loan portfolio valued at approximately 60 billion rupees ($717 million) as part of its strategy to alleviate its credit load amidst increasing regulatory scrutiny in the banking sector. The transaction involved private deals with about six state-controlled banks, according to sources familiar with the situation who requested anonymity due to the…
EMotorad, a leading player in the e-cycle and micro-mobility sector and backed by MS Dhoni, has announced a strategic partnership with Booz Mobility, an innovative startup featured on Shark Tank India. This collaboration marks a pioneering initiative in India, representing the first-ever partnership between an Original Equipment Manufacturer (OEM) and a micro-mobility operator aimed at enhancing…
Grab-and-go specialty coffee brand First Coffee has successfully raised $1.2 million in a seed funding round led by BEENEXT, a venture capital firm focused on South Asia and India. This funding is set to propel the startup’s growth and expand its presence in major urban centers across North India.
Ambitious Expansion Plans
With the newly acquired capital, First Coffee aims to broaden its…
Authum Investment & Infrastructure Limited and investor Mahi Madhusudan Kela are set to purchase a significant stake in Prataap Snacks Ltd., the parent company of Yellow Diamond, for ₹846.60 crore, according to a BSE filing on September 27.
The agreement includes acquiring a 46.85% stake from Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II, and Sequoia…
Cisco has inaugurated its first manufacturing facility in India, situated in Sriperumbudur near Chennai, Tamil Nadu. The facility, launched on September 27, 2024, will focus on producing routing and switching products, beginning with the Network Convergence System (NCS) 540 series of routers.
The event featured remarks from Union Minister Jyotiraditya Scindia, Tamil Nadu Minister for Industries…
Ankush Sachdeva, co-founder and CEO of ShareChat, has made headlines as the youngest entrepreneur on the inaugural ‘2024 Hurun India Under35s’ list, featuring 150 outstanding Indian entrepreneurs aged 35 and under. A graduate of IIT Kanpur, Sachdeva launched ShareChat in 2015 alongside co-founders Bhanu Pratap Singh and Farid Ahsan.
Holding a B.Tech in Computer Science and Engineering from IIT…
