BUSINESS
Pune-based Sedemac Mechatronics, founded by an IIT Bombay Professor, plans Rs 800-crore IPO
Sources told Moneycontrol that the firm has clocked a revenue of Rs 650 crore and an Ebitda of Rs 120 crore in FY25.
BUSINESS
Rapido clocks million rides in three-wheeler segment, plans EV financing foray: co-founder Pavan Guntupalli
Guntupalli says the firm will enter EV financing through partnerships with banks and NBFCs to accelerate the adoption of electric vehicles in its fleet
BUSINESS
Freshworks sees 21% YoY revenue surge, projects up to $820 million in 2025
BUSINESS
Easing regulations, booming demand: Bike-taxis are back in demand
The revenue potential of India’s bike-taxi industry is estimated at $5 billion, according to the Ola Mobility Institute. Allied Market Research projects the sector to grow from $50.5 million in 2021 to $1.48 billion by 2030, at a CAGR of 48.5%.
BUSINESS
SaaS firm SuperOps raises $25 million in Series C round led by March Capital
SuperOps plans to use the new funding to expand its AI research and development.
BUSINESS
US court dismisses Deque Systems’ lawsuit against SaaS firm BrowserStack
US district court dismissed Deque’s lawsuit against BrowserStack over accessibility testing, citing insufficient evidence.
BUSINESS
Merchants left fuming after payment gateway firms try to work around Juspay
The most concerning aspect of recent events is that this goes against the open API and interoperability model of the Indian payments ecosystem
BUSINESS
Atomicwork raises $25 million in Series A round led by Khosla Ventures and Z47
Atomicwork plans to utilise the funding towards expanding its go-to-market efforts
BUSINESS
DeepSeek's LLM success triggers big debate: Is India's hesitation a strategic mistake?
The success of DeepSeek’s latest R1 LLM has sparked a debate of whether India is late in setting out to build its own foundational AI models, what the nation needs to do next, to remains self-reliant in computing systems.
BUSINESS
Juspay set to become first unicorn of 2025 with $150 million round
Juspay, founded by Vimal Kumar and Sheetal Lalwani in 2012, is the leading provider of payment orchestration software.
BUSINESS
Everstone Capital to acquire bootstrapped SaaS firm Wingify for $200 million
Wingify's global market presence spans the US, Canada, Europe, Australia, Germany, and the Netherlands
BUSINESS
Davos 2025: JSW Group to invest $50 billion in next 5 years to fuel expansion plans
Speaking to Moneycontrol in Davos, Parth Jindal confirmed that JSW Cement is poised to become the group’s fourth listed entity.
BUSINESS
Davos 2025: Simplifying taxes in Union Budget could boost consumption and investment, says RPG's Anant Goenka
Goenka also shared the group’s strategy to leverage key economic trends, including the 'China + 1' shift towards India
BUSINESS
Ati Motors raises $20 million led by Walden Catalyst Ventures and NGP Capital
The firm specializes in developing autonomous robots designed to enhance productivity in complex industrial environments.
BUSINESS
Davos 2025: ReNew to expand renewable energy capacity to 25GW by 2027, says CEO Sumant Sinha
In April 2024, ReNew said that the renewable energy assets of the firm crossed 10GW.
BUSINESS
MC Explainer: Why Razorpay, PhonePe & Cashfree Payments are cutting ties with third-party orchestration platforms
Take a closer look on whether this decision will reshape the dynamics of merchant payment integrations, affecting the ease of operations or if it will impact payment orchestrators in India.
BUSINESS
Davos 2025: Budget must spur growth in 3-6 months, not 10 years, says Bharat Forge's Amit Kalyani
Kalyani also said capital formation in the country is insufficient to meet the ambitious target of 7-8% growth
BUSINESS
ONDC, Ola, Magicpin to meet NRAI as row over Swiggy, Zomato's private-label practices escalates
The meeting comes on the heels of NRAI’s opposition to Zomato, Swiggy and others venturing into quick commerce food delivery through private-label brands
BUSINESS
Budget 2025: EV 2-wheeler makers call for boost in charging infra, expanded PLI, tax sops
Industry representatives emphasise that the availability of charging stations remains a major roadblock to EV adoption, especially in tier-2 and tier-3 cities.
BUSINESS
Davos 2025: Bharat Forge to enter 'niche' semiconductor component business
Bharat Forge has been working on a strategy for the past year to enter specialised semiconductor businesses, joint MD Amit Kalyani has said
BUSINESS
Davos 2025: 'We aim to bring Indian culture and movies to London through the iconic Riverside Studios,' says Vedanta’s Priya Agarwal Hebbar
Anil Agarwal, founder and chairman of Vedanta Group, acquired the historic Riverside Studio in London in January 2025. Post the acquisition, Riverside Studios has been named Anil Agarwal Riverside Studios Trust.
BUSINESS
Davos 2025: Vedanta 2.0 is all about transformation… we're looking at doubling our production of zinc and aluminium, says HZL chairperson
Zinc production will rise to 2 million tonnes, while aluminum output is set to reach 4 million tonnes. Additionally, Vedanta plans to expand its oil and gas production, said Priya Agarwal Hebbar,
BUSINESS
Pune-based Zerocircle secures Rs 20-crore funding, led by Nithin Kamath's Rainmatter
Over the past year, Zerocircle has developed a commercial-grade seaweed coating for food packaging, already securing orders from key players in the takeaway industry.
TECHNOLOGY
US AI export curbs spark concerns in India, experts flag long-term challenges
The US AI Diffusion Policy and Export Controls lays out the framework to govern the export of AI technologies — from chips to artificial intelligence models — to the world. The controls take effect in 120 days
