In an exciting development for the wellness industry, versatile actress Samantha Prabhu has taken on a pivotal role as co-founder of Secret Alchemist, a holistic aromatherapy-based wellness brand. This innovative startup has recently secured $500,000 in seed funding through a round led by Inflection Point Ventures (IPV), a well-known angel investment firm based in Gurugram. The investment is aimed…
In a remarkable step towards fostering entrepreneurship among the youth, Punjab’s Education Department has launched the “Business Blaster Young Entrepreneur” scheme, selecting 52,050 Class 12 students from 1,920 schools across the state. This initiative, which began in 2022, aims to cultivate entrepreneurial skills and offer students hands-on experience in business development.
Each of the…
Poolside, the innovative AI-powered coding platform, has just raised a staggering $500 million in a Series B funding round, bringing its total capital to an impressive $626 million and elevating its valuation to $3 billion. Led by Bain Capital Ventures, this funding round also saw contributions from tech giants like eBay through eBay Ventures and Nvidia, marking a significant milestone for the…
In a surprising twist in the venture capital landscape, Peak XV Partners has decided to trim its ambitious $2.85 billion fund by $465 million, a move that highlights their commitment to investing more thoughtfully. This decision comes as the public market in India is buzzing, impacting private market valuations and prompting the firm to return uninvested capital to its limited partners (LPs).
As…
Poolside, the innovative AI-driven software development platform, has just scored a remarkable $500 million in its latest funding round, bringing its total capital raised to a staggering $626 million and its valuation to an impressive $3 billion! This Series B round was led by Bain Capital Ventures, with big names like eBay and Nvidia joining in, showcasing the excitement around AI in the coding…
In a remarkable display of growth, Groww Invest-Tech Private Limited, the stockbroking arm of the fintech giant Groww, reported a staggering Rs 2,900 crore in revenue for FY24, a 2.4X increase from the previous year. Even more impressive is the company’s profit surge, which skyrocketed to Rs 298 crore—more than four times what it earned in FY23. This news underscores not just the success of…
Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
Indian startups are back in the spotlight, with funding skyrocketing to $3.4 billion in the third quarter of 2024, doubling from last year’s $1.7 billion. This exciting rebound comes after a tough financial period, showing that the startup ecosystem is ready for a fresh wave of investment.
In Q3 2024, 262 deals were made, a 28% increase from 205 in the same quarter last year. The number of…
In the ever-evolving landscape of remote work, Microsoft has stepped into the spotlight by reassuring its employees that there are no immediate plans for a mandatory return to the office, unlike some of its tech counterparts. This announcement comes amidst growing tensions in the corporate world regarding remote work policies.
A Shift in Workplace Dynamics
Microsoft has been one of the companies…
Drone technology startup IG Drones has successfully raised $1 million in its first funding round, led by India Accelerator with contributions from various angel investors. This investment is just the beginning, as IG Drones aims to secure an additional $3 million within the next six months to broaden its reach in India and beyond.
Meet the Founders
Founded in 2018 by Bodhisattwa Sanghapriya and Om…
