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…
Zippee, the Delhi-based same-day delivery startup, is gearing up for its largest funding round yet, aiming to raise Rs 22-25 crore. This round is expected to be led by London-based private equity investor C&C Alpha, with participation from both new and existing investors. Following this funding, Zippee’s valuation is projected to soar to approximately Rs 180 crore, up from around Rs 100 crore.
A…
Indusbridge Ventures (IBV), an India-based investor specializing in dual-use and defense technology sectors, has announced a groundbreaking partnership with FedTech, a US-based deeptech venture builder. Together, they will launch the India to America (I2A) programme, known as the ‘I2A Launchpad,’ aimed at boosting Indian startups in the dual-use technology sector.
This pioneering initiative is…
Playbook Partners Secures $130 Million in Initial Close, Targets $250 Million with Green Shoe Option
Playbook Partners, a Growth Capital (GC) firm, has successfully raised over $130 million in its first close within just four months. This significant capital influx comes from a diverse group of global investors spanning Europe, the US, the Middle East, and India.
With the green shoe option available, Playbook Partners aims to expand the fund to a total of $250 million. The firm plans to invest in…
