Ultraviolette, the electric motorcycle manufacturer, has officially launched its new experience centre, the UV Space Station, in Hyderabad. This move comes after successful openings in Pune, Ahmedabad, and Kochi.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, expressed enthusiasm about the new facility, stating, “The launch of the UV Space Station in Hyderabad aligns with our mission to…
At Yum! Brands, home to KFC, Taco Bell, and Pizza Hut, former CEO David Novak played a pivotal role in skyrocketing the company’s market cap from $4 billion to $32 billion during his 17-year tenure. Novak, who led the company from 1999 to 2016, emphasizes that this impressive growth was rooted in fostering a positive work environment rather than just focusing on numbers.
In a recent interview…
Global venture capital firm Accel has unveiled its latest pre-seed scaling initiative, Accel Atoms 4.0, with plans to invest up to $1 million in selected start-ups. The program, which opens for applications on September 16 and closes on November 17, will focus on two key areas: artificial intelligence and start-ups targeting the Indian market, or ‘Bharat.’
Accel Atoms 4.0 will provide funding…
Uber has reintroduced its premium ‘Uber Black’ service in Mumbai, catering to the increasing demand for luxury ride options in India. Starting next week, the service will offer high-end vehicles and luxury amenities, priced 30-40% higher than Uber Premier.
The revamped Uber Black will feature high-end SUVs and MUVs from brands like Toyota and MG, replacing the earlier luxury vehicle options…
InMobi, the SoftBank-backed consumer technology firm, has announced it has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. This funding will be allocated to advance InMobi’s artificial intelligence (AI) technology and to explore potential AI-focused acquisitions.
The company, which is preparing for a potential listing in India…
Commerce Minister Piyush Goyal has launched the Trade Connect ePlatform, a new digital tool aimed at assisting Indian exporters with essential information and resolving payment issues. This comprehensive portal serves as a single point of access for both existing and aspiring exporters, providing resources to enhance export activities.
The Trade Connect platform is designed to streamline trade…
Property listing platform Rightmove has turned down a £5.6 billion acquisition offer from Australian rival REA Group, which is majority-owned by Rupert Murdoch’s News Corporation. Rightmove’s board dismissed the bid as “wholly opportunistic,” stating that REA Group had “fundamentally undervalued Rightmove and its future prospects.”
In a statement issued on Wednesday, Rightmove’s…
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…
India has surpassed the US to become the second-largest market for 5G handsets, according to the latest research from Counterpoint’s Market Monitor service. The shift occurred during the first half of 2024, driven by a surge in budget 5G handsets. Notably, brands like Xiaomi, vivo, and Samsung have contributed to this growth by offering affordable 5G options.
Deepu John, Qualcomm’s Senior…
Chai Discovery, a nascent AI-driven biology startup, has secured nearly $30 million in funding from prominent investors Thrive Capital and OpenAI. Founded just six months ago, Chai aims to revolutionize drug discovery by utilizing AI to predict the structure of biochemical molecules and manipulate their interactions, a critical step in developing new medications.
Joshua Meier, the company’s…
