Tata Electronics Private Limited and ASMPT Singapore have entered into a strategic partnership to advance India’s semiconductor ecosystem. The newly signed Memorandum of Understanding (MoU) focuses on semiconductor assembly and test facilities, aiming to create a robust infrastructure and deliver cutting-edge solutions.
This partnership is set against the backdrop of Tata Electronics’…
AppsForBharat, the company behind the popular devotional app Sri Mandir, has successfully raised $18 million in its Series B funding round. The investment was spearheaded by Nandan Nilekani’s Fundamentum, with additional support from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC.
The fresh capital will be allocated to expanding the Sri Mandir…
The Economic Times Startup Awards 2024 has unveiled the nominees for its prestigious Startup of the Year category, celebrating companies that have demonstrated exceptional innovation, execution, and rapid growth. This year’s nominees showcase a diverse range of sectors, each bringing a unique approach to their respective fields.
Zepto: Founded in 2020 by Aadit Palicha and Kaivalya Vohra, Zepto…
Ather Energy, the electric two-wheeler manufacturer founded by Tarun Mehta and Swapnil Jain, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an initial public offering (IPO) worth INR 3,100 crore. The company, known for its innovative electric scooters, aims to raise funds to accelerate its growth and expansion.
The IPO will consist of a fresh issue of equity shares worth INR…
New Collaboration Set to Advance Processor Technology for Diverse Applications
L&T Semiconductor Technologies and IBM have announced a strategic collaboration focused on research and development to design advanced processors. This partnership, unveiled during the SEMICON India 2024 event, aims to drive innovation and performance in semiconductor technology, targeting a broad spectrum of…
Zomato Launches New Developer Platform for Point-of-Sale Partners
Zomato has introduced a groundbreaking developer platform aimed at revolutionizing how point-of-sale (POS) partners integrate with restaurant systems. This new initiative is designed to streamline the development process, making it easier for POS partners to roll out innovative features and improve operational efficiency in the…
Xiaomi India Announces Strategic Leadership Change
Xiaomi India has announced the appointment of Sudhin Mathur as its new Chief Operating Officer (COO), marking a significant move in the company’s leadership structure. This development comes as Xiaomi celebrates its tenth anniversary of operations in the Indian market. Mathur, a seasoned executive with extensive experience in the consumer tech…
Indian EV Market Set to Surge
India’s electric vehicle (EV) market is on a trajectory to reach one crore (10 million) units in annual sales by 2030, potentially creating up to five crore (50 million) jobs, according to Union Minister for Road Transport and Highways, Nitin Gadkari. This ambitious projection was made during his address at the 64th annual convention of the Society of Indian…
InMobi Prepares for IPO with Fresh Capital Injection
InMobi, India’s pioneering adtech unicorn backed by SoftBank, has secured $100 million in debt funding as it gears up for its much-anticipated initial public offering (IPO). The funding round marks a significant step for the Singapore-headquartered company as it looks to bolster its artificial intelligence (AI) capabilities and explore…
PhonePe Expands UPI Payment Options for Indian Travelers
In a significant move to enhance convenience for Indian travelers, PhonePe, a leading UPI payments platform, has announced a strategic partnership with Liquid Group, a fintech leader in digital cross-border payment solutions. This collaboration aims to expand PhonePe’s merchant acceptance network in Singapore, a popular destination for…
