Meme-based dating app Schmooze has successfully raised $4 million in a Series A funding round, led by Elevation Capital along with several angel investors, including founders from Ultrahuman, The Souled Store, and Paytm. This investment will primarily focus on enhancing the platform’s AI capabilities and supporting its growth initiatives.
Rapid Growth and User Engagement
Founded by Vidya…
At Yum! Brands, home to KFC, Taco Bell, and Pizza Hut, former CEO David Novak played a pivotal role in skyrocketing the company’s market cap from $4 billion to $32 billion during his 17-year tenure. Novak, who led the company from 1999 to 2016, emphasizes that this impressive growth was rooted in fostering a positive work environment rather than just focusing on numbers.
In a recent interview…
In a groundbreaking move poised to revolutionize payroll management, Darwinbox, a leading HR tech platform, has announced the launch of its next-generation payroll system featuring the innovative RIVeR (Review, Initiate, Verify & e-approve, Release & Report) framework. This cutting-edge solution promises to deliver a fully digital, streamlined payroll process for the first time in India…
Alpino, the health-focused food brand that gained widespread attention through its appearance on Shark Tank India, has successfully secured $1.2 million in its inaugural funding round. The investment round saw contributions from notable figures such as Paresh Ghelani and several angel investors affiliated with Aashar Capital. In a major development for the brand, Bollywood actress and wellness…
In a surprising twist to the ongoing BharatPe fraud case, the Delhi High Court has granted permission to Ashneer Grover, the co-founder and former managing director of BharatPe, and his wife, Madhuri Jain Grover, to travel abroad. The decision, made on September 17, 2024, permits the couple to visit Doha and the United Kingdom. This development comes amid serious allegations involving…
India’s leading logistics provider, Delhivery, has announced a strategic partnership with Teamglobal Logistics to enhance its ocean freight capabilities. This collaboration aims to deliver a more integrated and efficient logistics solution for businesses involved in global trade, focusing on streamlining Less than Container Load (LCL) shipments and expanding service reach to over 120…
Myntra, the popular fashion retailer owned by Flipkart, is now testing a groundbreaking four-hour delivery service in select cities, including Bengaluru and New Delhi. This trial represents a significant shift from the platform’s standard 2-3 day delivery timeframe and highlights the increasing demand for expedited deliveries in India’s rapidly growing quick commerce sector.
Myntra’s New…
Amazon Web Services (AWS) has announced the selection of seven Indian startups for its prestigious Global Generative AI Accelerator program. Out of 80 companies chosen worldwide, these Indian innovators—Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket—stand out as leading players in the generative AI space. This notable inclusion underscores India’s…
Established in 2016, the Government eMarketplace (GeM) has emerged as a transformative force in public procurement, evolving into one of the largest Business-to-Government (B2G) procurement platforms globally. What began with a modest gross merchandise value (GMV) of INR 422 crore has surged to an impressive INR 4 lakh crore (approximately USD 50 billion) in 2024, marking a significant leap in its…
Amazon CEO Andy Jassy has announced a significant shift in the company’s work policy, mandating that all employees return to the office five days a week starting January 2, 2025. This new directive marks a departure from the current hybrid model, which requires employees to be in the office at least three days per week.
In his message to Amazon’s 1.5 million employees, Jassy emphasized that…
