Engine, previously known as Hotel Engine, has secured $140 million in Series C funding led by a private equity firm advised by Permira, boosting its valuation to $2.1 billion. This marks a significant 62% increase from its prior valuation of $1.3 billion following a $65 million Series B round in late 2021.
This growth comes amid a challenging environment where many startups are facing flat or…
Tata Consultancy Services (TCS), a leading global IT services and consulting firm, has announced a landmark partnership with Golden Arches Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines. This two-year collaboration marks TCS’s first engagement with the fast-food giant in the Asia-Pacific (APAC) region, aiming to digitize and standardize the IT…
India Lifestyle Network (ILN), the parent company of popular digital platforms MensXP, iDiva, and Hypp, is exploring the possibility of separating from Mensa Brands. This move comes two years after Mensa’s acquisition of ILN for approximately $100 million. The decision stems from a perceived misalignment in growth priorities between the two entities.
Background of the Acquisition
Mensa Brands…
Sharp Corporation Accelerates Semiconductor Ambitions in India, Seeks Local Partners for Display Fab
Global electronics giant Sharp Corporation is intensifying its efforts to establish a semiconductor display fabrication facility in India. This initiative is part of the India Semiconductor Mission (ISM), which aims to enhance the country’s position in the global semiconductor supply chain. Sharp is currently scouting for strategic partnerships with local players to drive this ambitious project…
The Department for Promotion of Industry and Internal Trade (DPIIT) is set to launch BHASKAR, an innovative digital platform designed to enhance India’s startup ecosystem. This initiative, part of the Startup India program, aims to centralize and streamline collaboration among key players, including startups, investors, mentors, service providers, and government entities.
BHASKAR aligns with the…
Edtech unicorn Physics Wallah (PW) has successfully raised $210 million in its latest Series B funding round, which was led by Hornbill Capital. This substantial investment marks a significant leap for the startup, bringing its post-money valuation to an impressive $2.8 billion. The funding round also included participation from Lightspeed Venture Partners and existing investors such as GSV and…
Ultraviolette, the electric motorcycle manufacturer, has officially launched its new experience centre, the UV Space Station, in Hyderabad. This move comes after successful openings in Pune, Ahmedabad, and Kochi.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, expressed enthusiasm about the new facility, stating, “The launch of the UV Space Station in Hyderabad aligns with our mission to…
In a remarkable yet heartbreaking journey, technology entrepreneur Chris Willson bought a historic cruise ship he found on Craigslist in 2008. Over 15 years, he poured his life savings—over $1 million—into restoring the 293-foot vessel, which boasts 85 cabins, a swimming pool, and a theater. Willson and his long-term partner, Jin Li, even moved aboard as they pursued their dream of…
Sam Faycurry, a 31-year-old entrepreneur, has transformed a family side hustle into a thriving business, Fay, a digital platform that connects users with registered dietitians for personalized nutrition counseling. This journey, sparked by a desire to help his mother and sister, has culminated in a remarkable $25 million in funding, significantly reshaping the landscape of accessible nutrition…
Craig Newmark, the 71-year-old founder of Craigslist, has made headlines with his recent pledge of $100 million to bolster U.S. cybersecurity efforts. This donation adds to his impressive total of $400 million pledged to various charitable causes since 2015.
Newmark, who was valued at $1.3 billion in 2020, has committed to giving away nearly all of his wealth, a promise he made in December 2022.
