Germany-based travel-tech firm FlixBus is making a significant leap into South India, marking its entry into the region with an exciting new service. Beginning on September 10, FlixBus will offer routes from Bengaluru to key South Indian cities, including Chennai and Hyderabad, with plans to extend services to Coimbatore, Madurai, Tirupati, Vijayawada, and Belagavi.
The announcement was made on…
Arief Mohamad, the seasoned executive who recently led Flipkart’s fashion vertical, is poised to take on a new role as Chief Business Officer (CBO) at Angel One. Mohamad has formally resigned from his position at Flipkart, where he has been a significant contributor for over nine years, including his recent tenure as Vice President and Head of Fashion since November 2023.
Mohamad’s departure…
Auto ancillary firm Hindustan Composites has acquired a minority stake in the online food delivery giant Swiggy. This move comes shortly after Amitabh Bachchan’s family office also purchased a minority stake in the Bengaluru-based company.
Hindustan Composites has reached an agreement to buy 150,000 equity shares of Swiggy, amounting to an investment of ₹5.17 crore, as disclosed through the…
Mygate Enters Consumer Electronics with Smart Door Locks
Mygate, a leader in residential security solutions, has announced its foray into the consumer electronics market with the launch of Mygate Locks—a new range of smart door locks designed to offer enhanced home security with digital convenience. The product lineup includes three variants: Lock SE, Lock Plus, and Lock Pro, all of which enable…
Mumbai-based rural credit startup Sarvagram is in advanced discussions to raise over $50 million from new and existing investors, potentially doubling its valuation to $170-200 million. Leading venture capitalists Peak XV, Apis Partners, and Beams Fintech Fund, alongside global impact investor Creation Investments Capital Management LLC, are among the top contenders for this funding round. The…
As the Indian startup ecosystem transitions from a challenging funding winter to a promising funding spring, the ET Soonicorns Summit 2024, scheduled for September 20 in Bengaluru, offers a critical opportunity for entrepreneurs and investors alike to gain valuable insights into the evolving venture capital (VC) landscape. This year’s summit, themed “From Resilience to Resurgence,” will…
The Delhi High Court has mandated ride-hailing platform Rapido to enhance the accessibility of its app for persons with disabilities (PwD). The court directed Rapido to submit a compliance report and an audit report from an “access auditor” approved by the Department of Empowerment of PwDs by November 28.
Court’s Directive and Petition Details
Judge Sanjeev Narula issued the order while…
BigEndian Semiconductors, a fabless semiconductor design startup, has successfully raised $3 million in a funding round led by Vertex Ventures SEA & India, with contributions from various strategic investors. The funds will be allocated to broadening the company’s engineering team, enhancing research and development capabilities, and scaling operations to meet the rising demand for advanced…
Mankind Pharma Ltd, the fourth-largest pharmaceutical company in India, is gearing up to raise over ₹9,000 crore through a combination of non-convertible debentures (NCDs) and short-term commercial paper. This move is part of the company’s strategy to support its ₹13,630 crore acquisition of Bharat Serums and Vaccines Ltd (BSV), a deal first announced in late July.
The company anticipates an…
Infibeam Avenues has launched the CCAvenue SoundBox Max, a groundbreaking Point of Sale (POS) device designed to revolutionize payment processing for merchants across India. The announcement was made at the Global Fintech Fest (GFF) 2024 in Mumbai, highlighting the company’s commitment to advancing financial technology in the retail sector.
Meeting Diverse Payment Needs
The CCAvenue SoundBox Max…
