Mohapatra added that India is poised to lead in application-layer AI precisely because of its established capabilities.
Chief operating officer Aditya Labroo has been elevated to the role of co-founder, the company said
From Botox to hair transplant, fintechs like Fibe, SaveIN, QubeHealth, and Arogya Finance are turning India’s cosmetic care market into a click-and-credit playground with easy EMIs, checkout financing, partner clinics, and corporate tie-ups to drive the makeover.
Bansal is also riding on the popularity of Lenskart, and his personal brand, built on the Indian edition of the show Shark Tank.
NPCI, which is registered as a not-for-profit organisation, mentions net profit as surplus in its FY 24 annual financial statement
Moneycontrol had exclusively reported last year that Vaz had secured $7–10 million from Accel and Elevation shortly after stepping down from Swiggy as a CTO to build a new wealthtech venture. Both investors had participated in that seed round and have now backed the Series A as well.
It will use funds to boost international expansion. The round comes three years after the e-commerce enabler closed a $35-million Series B round
Mirae’s India team will continue to look after its investments in the country once CEO Dave moves on.
SoftBank's Sarthak Misra and Prosus' Ashutosh Sharma will give up their board seats, sources told Moneycontrol. At the same time, Kimsuka Narasimhan will succeed Kalpana Morparia. After the three changes, Meesho now has eight board members.
Darwinbox completes Rs 86 crore ESOP buyback, offering liquidity to over 350 employees across its global offices.
The development comes a week after the group's wealthtech arm-InCred Money- acquired South Asian Stocks Limited (SASL), which operates the discount broking platform Stocko. The deal marked InCred's entry into the retail broking space.
Platforms tapping into the micro-drama space note that the vertical viewing behaviour already exists in India thanks to YouTube Shorts and Instagram Reels but there is a need for separate apps for the bite-sized content.
According to TomTom data, a Dutch location technology firm, congestion levels at 7 pm each day post-ban have consistently exceeded the city’s usual traffic levels for the same time slot.
Startups are racing to build mobile-first platforms for short, serialised fiction as VCs pour in capital, users binge cliffhanger-led episodes, and AI slashes production costs. Monetisation is in early stages, but the format is gaining serious traction.
While the Payments unit hit breakeven in the second half of the financial year, the credit business disbursed Rs 9,130 crore in loans, growing 63 percent despite higher losses
Groww acquired the mutual fund business of Indiabulls in May 2023, which had an AUM of Rs 342 crore
This subsidy applies exclusively to foundational model development, while the existing 40 percent subsidy will support other GPU-intensive activities such as inference and applications.
Unlike regular AIFs, Rainmatter has an unusually long investment horizon of 15 years, adding a new meaning to patient capital. They also don't believe in pushing founders hard to perform.
In its India push, the consumer brands focused PE firm is looking to increase the average cheque sizes to $60 million, Asia head Arjun Anand has said
With this expansion, M-Now now offers 90,000 products from over 600 brands across the country’s top three metros, powered by more than 40 dark stores, the company said.
Amazon said the fresh capital will go towards launching new fulfilment and sortation centres, upgrading existing sites, and rolling out new tools and technologies to enhance safety, speed, and operational efficiency.
As AI takes over more repetitive tasks, Freshworks is seeing some reduction in workforce requirements but at the same time, the firm is also hiring for key roles, including AI research and development and engineering
A significant portion of the net profit gain was attributed to recognition of deferred tax assets worth Rs 211 crore during the year, in addition to improved cost efficiency and operating leverage.
Udaan, which lists Yes Bank as its official aggregator, is expected to gradually transition transaction flows to its in-house aggregator HIPL
Kuku FM is currently clocking $10 million in monthly revenue which translates to an annualised revenue run rate of $120 million.
