In an exciting move for the fashion investment world, Fashion Entrepreneur Fund has appointed Deepak Lamba, a veteran media executive, as its new Chief Executive Officer. Lamba’s appointment comes as the fund seeks to accelerate its mission of empowering fashion entrepreneurs with early-stage investments and mentorship. With his extensive experience in the media industry, Lamba is set to lead…
In a groundbreaking move that could shape the future of robotics, Physical Intelligence, a cutting-edge startup focused on developing foundational software for robots, has secured a massive $400 million in early-stage funding. The round was led by some of the biggest names in technology and venture capital, including Amazon’s Jeff Bezos, OpenAI, and top venture firms Thrive Capital and Lux…
India’s startup ecosystem is experiencing a remarkable surge in funding, with homegrown startups raising $12.2 billion in just the first 10 months of 2024. This impressive figure already exceeds the total funding raised throughout 2023, which was around $11 billion, and there are still two months to go. The momentum continues to build, with October seeing $1 billion raised across 119…
Yubi, formerly known as CredAvenue, is making waves in the financial technology sector, showcasing impressive growth and strategic improvements in its financial performance for the fiscal year 2023-24 (FY24). The company, which operates as a debt platform for enterprises, banks, and fintech firms, has reported a 47.6% growth in its revenue from operations, reaching Rs 484 crore. At the same time…
In the rapidly expanding world of regional OTT platforms, Stage, a Hindi and regional language-focused service, is gearing up to raise a whopping $15 million in its upcoming funding round. Led by Goodwater Capital, with backing from existing investors like Blume Ventures, this round will help Stage ramp up its efforts in capturing the growing market for vernacular content in India.
With a unique…
When it comes to managing money, one lesson stands out, and it’s coming straight from one of India’s most successful entrepreneurs—Anupam Mittal, the founder of Shaadi.com and a prominent judge on Shark Tank India. In a recent conversation with 1% Club, Mittal shared a powerful and unexpected insight into how money works, and why even the wealthiest people need to be cautious about managing…
Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a mix of debt and equity, was led by the startup’s founders—Srikanth Reddy, Snehith Reddy, and Anand Pareek—as well as Phani Ramineni, the founder of Previa Health. Other investors included the Rohan Bajaj…
Viraa Care, a healthtech startup dedicated to improving infant nutrition and pediatric feeding, has successfully raised $108,000 in its pre-seed funding round. This new round of investment adds to the $100,000 the company secured earlier in 2024, bringing the total amount raised so far to $208,000. The recent funding includes an infusion of foreign direct investment from a European angel investor…
In a major development for India’s growing health-tech sector, QubeHealth, a Mumbai-based healthcare payments startup, has raised funding from two prominent investors: Unicorn India Ventures and CanBank Venture Capital Fund. The undisclosed investment comes as part of QubeHealth’s pre-Series-A funding round, marking a significant milestone in the company’s growth trajectory.
What makes…
Major Expansion Plans Announced
Hindustan Zinc, part of the Vedanta Group, has exciting news for the mining industry! The company plans to invest up to $2 billion (around ₹17,000 crore) to double its production capacity to 2 million tonnes in the coming years. CEO Arun Misra shared these ambitious plans, highlighting the company’s commitment to expanding its operations.
A Strategic Approach to…
