Mumbai-based startup Manastu Space Technologies has made a major breakthrough in India’s aerospace industry. The company has successfully delivered its innovative iBooster Green Propulsion System to the Defence Research and Development Organisation (DRDO). This milestone marks a significant achievement in India’s space exploration and satellite capabilities.
The iBooster system, developed by…
Febi.ai, an innovative AI-powered platform revolutionizing accounting, tax compliance, and financial management for startups in India, has announced the appointment of Ashu Goel as its new Chief Technology Officer (CTO). This comes after the company raised $2 million in a pre-Series A funding round in October 2024. With over 18 years of experience in the technology and finance sectors, including…
Veeba Foods’ Viraj Bahl Joins Shark Tank India as New Shark
In exciting news for startup enthusiasts and fans of Shark Tank India, Viraj Bahl, the founder and managing director of Veeba Foods, will be joining the panel of sharks for the upcoming season. Known for his success in the food industry, Bahl’s addition to the show is set to bring fresh perspectives and valuable insights to the table…
India’s Startup Ecosystem Shines Bright with Six New Unicorns in 2024
The year 2024 has been a remarkable one for India’s startup scene. Six companies have achieved the highly sought-after unicorn status—meaning they’re now valued at $1 billion or more. This impressive feat marks a huge jump from 2023, when only two startups made it to the unicorn club. With these new additions, India’s…
LambdaTest Secures $38 Million in Funding to Transform Software Testing
In a significant move to redefine software quality assurance (QA), LambdaTest, a cloud-based unified testing platform, has raised $38 million in its latest funding round. The investment was led by Avataar Ventures and saw participation from Qualcomm Ventures, pushing the startup’s total funding to a substantial $108 million.
Flipkart Partners with DPIIT to Empower Indian Startups
In a major boost to India’s vibrant startup ecosystem, Walmart-owned Flipkart has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT). This new collaboration aims to empower tech startups across the country, providing them with the resources, mentorship, and funding needed to grow and scale.
The partnership…
Netrasemi Secures ₹10 Crore Funding to Advance Edge AI Technology
In a major boost for India’s semiconductor sector, Netrasemi, a Kerala-based startup, has raised ₹10 crore in a pre-Series A funding round. The funding was provided by Unicorn India Ventures, a prominent venture capital firm. The startup plans to use the capital to accelerate the development of Edge AI solutions and expand its…
Amazon to Invest $120 Million in India’s Manufacturing and AI Startups
Amazon is making a bold move to support India’s growth and transformation into a global manufacturing hub. Through its Smbhav Venture Fund (ASVF), Amazon has committed to investing $120 million in technology-driven startups that focus on digitizing consumer goods manufacturing in India. This strategic investment will not…
YesMadam, a Noida-based startup that offers home salon services, has found itself at the center of a firestorm of criticism after reportedly terminating over 100 employees following a workplace mental health survey. The decision, which was communicated via an email from the company’s HR department, has drawn widespread backlash online, with many questioning the ethics behind firing employees who…
Unacademy CEO Clarifies: “We’re Not Selling or Merging!”
Unacademy’s CEO, Gaurav Munjal, has responded to recent rumors about a potential acquisition by Allen Institute. In a series of posts on X (formerly Twitter), he firmly denied the claims, stating that Unacademy is not considering any sale or merger. The statement came just days after reports suggested that the two edtech giants were…
