Amazon is gearing up to introduce its quick commerce service in India, with a planned launch expected in the first quarter of the upcoming year, according to sources familiar with the development. This move marks a significant expansion in Amazon’s services in the Indian market, where competition in the quick commerce sector is intensifying.
Amazon’s Quick Commerce Ambitions
Amazon’s foray…
In a world where water scarcity and contamination are growing concerns, Gradiant has emerged as a beacon of innovation and sustainability. This Boston-based water treatment startup, founded in 2013 by MIT spinout Anurag Bajpayee and Prakash Govindan, has recently achieved unicorn status, securing an impressive $225 million in venture capital funding. Their success is not just a milestone but a…
VerSe Innovation Enhances Ad Tech with Strategic Acquisition of Valueleaf Group
VerSe Innovation, the parent company of popular news aggregator Dailyhunt and short video platform Josh, has announced the acquisition of a majority stake in Valueleaf Group, a leading data-driven digital marketing solutions provider. This strategic move, disclosed on August 28, aims to bolster VerSe Innovation’s ad…
Foreign Portfolio Investors (FPIs) have significantly increased their investments in the Indian debt market, injecting Rs 11,366 crore in August 2024. This robust influx has pushed the total FPI inflows into Indian debt instruments to over Rs 1.02 lakh crore for the year so far, according to data from depositories and a report by PTI.
The surge in investments is closely linked to India’s recent…
LG Electronics Inc. is contemplating an initial public offering (IPO) for its India business as part of its strategy to achieve a $75 billion revenue target by 2030. This marks the first time the South Korean company, which competes with industry giant Samsung Electronics Co., has publicly discussed the possibility of listing its Indian operations.
CEO William Cho revealed that an Indian market…
PhonePe, the Walmart-backed fintech giant, has announced a significant milestone by turning profitable for the fiscal year 2024, excluding costs related to employee stock options (ESOPs). The company reported a profit after tax (PAT) of ₹197 crore, excluding ESOP expenses, marking a dramatic turnaround from a loss of ₹738 crore in FY23.
In a statement released on Monday, PhonePe highlighted…
The Cellular Operators Association of India (COAI) has called on the Indian government to bring over-the-top (OTT) communication apps, such as WhatsApp, Google Meet, and Telegram, under the purview of the Telecommunications Act, 2023. This request is driven by concerns over national security and the need for regulatory parity between telecom service providers and OTT platforms.
SP Kochhar…
Convin, an innovative AI-powered conversation intelligence platform, has successfully raised $6.5 million in its latest funding round, spearheaded by India Quotient. This investment is set to propel the Bengaluru-based company’s growth, enabling it to bolster its core team and expand its distribution channels.
The funding round also welcomed new investor JSW Ventures, alongside existing backers…
Mumbai-based venture capital firm Kae Capital has announced the appointment of Abhishek Srivastava and Gaurav Chaturvedi as general partners. Srivastava, a former executive at Endiya Partners, brings a wealth of experience to his new role. He was a founding director at Endiya Partners and is known for his deep expertise in venture capital and investment strategy. Chaturvedi, who has been with Kae…
Apple’s expanding presence in India is projected to generate up to 600,000 jobs by the end of the fiscal year, underscoring the company’s significant efforts to diversify its production away from China. The expansion is part of Apple’s broader strategy to bolster its manufacturing capabilities in India, driven by production-linked incentive (PLI) schemes offered by the Indian…
