Earlier this month, tech executives from Google DeepMind, Microsoft, and Meta Platforms converged in Bangalore to witness a major development from one of India’s leading AI startups. Sarvam AI, often compared to India’s version of OpenAI, unveiled a groundbreaking product that could revolutionize the use of AI in the country. Their new software enables businesses to interact with customers…
Fintech lending startup Axio has successfully raised $20 million in its latest equity funding round, led by Amazon Smbhav Venture Fund. The funding will be directed towards scaling operations, expanding use cases for checkout finance, and broadening its range of credit products to serve customers throughout their financial journeys.
This investment comes amid a surge in equity deals within the…
In a recent discussion with NDTV Profit, Anupam Mittal, Shark Tank India judge and founder of Shaadi.com, coined the term “great Indian tech ghar wapsi” to describe the notable trend of startups relocating back to India. Mittal highlighted this shift as a reflection of the burgeoning confidence and opportunities within India’s domestic markets.
Mittal elaborated that the return of startups…
InsuranceDekho, a prominent force in India’s insurtech industry, has announced the launch of its innovative SaaS platform, Heph, designed to enhance the efficiency of insurance distributors. With a notable achievement of insuring over 8 million customers—equivalent to 21 individuals every minute—InsuranceDekho attributes its success to a cutting-edge technological approach.
Founder and CEO…
Uber is set to relaunch its luxury ride-hailing service, Uber Black, in India, catering to the growing demand for premium experiences among Indian consumers. The revamped service is expected to begin rolling out in Mumbai within the next few weeks.
Initially introduced in India in 2013, Uber Black offered high-end vehicles such as Mercedes, BMW, and Audi. However, it was soon replaced by more…
The equity market has experienced significant volatility recently, particularly following a sharp rise post-Lok Sabha elections. As the market hit new highs, savvy portfolio managers have been actively adjusting their portfolios to navigate this turbulence and achieve superior returns.
Here are the top five holdings of the highest-performing portfolio management service (PMS) strategies that have…
Hero Motors, a key player in the auto-components sector under the Hero Motors Company (HMC) Group, has taken a pivotal step toward going public. On August 23, the company submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), marking the beginning of its initial public offering (IPO) process. The IPO aims to raise ₹900 crore, comprising a fresh…
Swiggy, the Indian food delivery giant, has seen its valuation decrease to $14.7 billion ahead of its highly anticipated initial public offering (IPO). This valuation adjustment, reported by US-based asset management firm Baron Capital in regulatory filings with the US Securities and Exchange Commission (SEC), marks a 2.6% drop from the previous valuation of $15.1 billion recorded in March 2024.
Former U.S. media executive Edgar Bronfman Jr. has indicated that he is open to Shari Redstone maintaining an involvement with Paramount Global if his consortium’s bid for the company’s controlling shareholder, National Amusements, is accepted. Bronfman’s proposal, valued at $6 billion, includes a bid for National Amusements and a minority stake in Paramount Global.
This competing offer…
Crayola has officially trademarked the distinctive scent of its crayons, known for its “slightly earthy soap with pungent, leather-like clay undertones.” This move marks a significant moment for the arts and crafts giant, which is a leader in the US coloring market. The trademark, granted by the US Patent and Trademark Office in July, represents a unique blend of nostalgia and innovation.
The…
