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Tapanjana Rudra @ Inc42 Media · 08/30/2024 01:53 EDT

Can Smartworks’ IPO Capitalise On The Growing Flexible Workspace Trend?

When coworking space rental startup WeWork filed for IPO in August 2019, the unicorn had lofty valuations ($47 Bn), funding… Read more

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Inc42 Media
Pooja Yadav @ Inc42 Media · 08/30/2024 01:00 EDT

Relief For Tiger Global As Delhi HC Overturns AAR Ruling On Flipkart Deal

The Delhi High Court has reportedly overturned an order of Authority for Advance Rulings (AAR) denying private equity firm Tiger… Read more

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Inc42 Media
Debarghya Sil @ Inc42 Media · 08/30/2024 00:30 EDT

Indian Startup FY24 Financials Tracker: Tracking The Financial Performance Of Top Startups

The world’s third largest startup ecosystem has been in the midst of a raging funding winter for a couple of… Read more

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Inc42 Media
Team Inc42 @ Inc42 Media · 08/29/2024 16:34 EDT

Zepto Raises $340 Mn In Follow-On Financing Round, Valuation Soars To $5 Bn

Quick commerce unicorn Zepto has raised $340 Mn (about INR 2,850 Cr) in a ‘follow-on financing’ round, led by General… Read more

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Inc42 Media
Team Inc42 @ Inc42 Media 1 place · 08/29/2024 16:07 EDT

[Update] Tencent Offloads Stake In PB Fintech For INR 1,668 Cr

Update | August 30, 01:36 AM  Chinese tech giant Tencent on Thursday (August 29) sold 97 Lakh shares of insurtech… Read more

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Inc42 Media
Team Inc42 @ Inc42 Media · 08/29/2024 16:05 EDT

Prioritise Social, Macroeconomic Factors Above Business Interests: RBI Dy Guv To Fintechs

Reserve Bank of India (RBI) deputy governor T Rabi Sankar has said that fintech startups should prioritise social and macroeconomic… Read more

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Inc42 Media
Team Inc42 @ Inc42 Media · 08/29/2024 13:29 EDT

Hitachi Unveils Android-Based Cash Recycling Machine To Provide Digital Banking Services

Hitachi Payment Services, the fintech arm of the Japanese conglomerate, has launched India’s first Android-based cash recycling machine (CRM), which… Read more

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Inc42 Media
Krithika K L @ Inc42 Media · 08/29/2024 12:44 EDT

D2C Brand Piligrim Raises $9 Mn From Fireside, Vertex Ventures, Others

Beauty and personal care (BPC) brand Pilgrim has reportedly raised $9 Mn (INR 75 Cr) as part of its extended… Read more

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Inc42 Media
Tapanjana Rudra @ Inc42 Media 1 place · 08/29/2024 11:40 EDT

Zomato Allots 38.72 Lakh Equity Shares Under ESOP Plans

Foodtech major Zomato has alloted 38.72 Lakh equity shares under its employee stock option plans (ESOPs). In an exchange filing… Read more

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Inc42 Media
Bhupendra Paintola @ Inc42 Media 1 place · 08/29/2024 11:21 EDT

NPCI Launches UPI ICD To Enable Cash Deposits At ATMs Using UPI

RBI deputy governor T Rabi Sankar launched UPI Interoperable Cash Deposit (UPI-ICD) at the Global Fintech Fest (GFF) 2024 on… Read more

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Inc42 Media
Tapanjana Rudra @ Inc42 Media · 08/29/2024 09:57 EDT

Exponent Energy Unveils 15-Minute Charging For Ebuses In Partnership With  Veera Vahana

Bengaluru-based rapid charging platform Exponent Energy has partnered with bus manufacturer Veera Vahana to launch its 15-minute rapid charging technology… Read more

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Inc42 Media
Bhupendra Paintola @ Inc42 Media · 08/29/2024 08:44 EDT

Federal Bank Launches India’s First Facial Payment System

Private sector lender Federal Bank has launched SmilePay™ that allows customers to complete transactions using facial recognition technology. Launched by… Read more

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Inc42 Media
Amit Singh @ Inc42 Media · 08/29/2024 08:39 EDT

Zomato Slapped With Over INR 4 Cr GST Demand, Penalty Orders

Listed foodtech major Zomato has been slapped with a tax demand and penalty orders of more than INR 4.59 Cr… Read more

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Inc42 Media
Bhupendra Paintola @ Inc42 Media · 08/29/2024 06:54 EDT

Ola Electric To Roll Out Its Products On ONDC Next Week

Ola Electric products will be available on the Open Network for Digital Commerce (ONDC) from next week, cofounder Bhavish Aggarwal…Ola Electric products will be available on the Open Network for Digital Commerce (ONDC) from next week, cofounder Bhavish Aggarwal announced in an X post. “All OlaElectric products will be available on ONDC from next week onwards,” Aggarwal said in the post. Ola Electric’s present offerings include the Ola S1 X... Read more

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Inc42 Media
Amit Singh @ Inc42 Media 2 place · 08/29/2024 06:33 EDT

Jio Rolls Out ‘Jio Phone Call AI’ For Recording, Transcribing & Translating Calls

At the 47th annual general meeting of Reliance Industries Ltd (RIL), chairman and managing director Mukesh Ambani announced the launch…At the 47th annual general meeting of Reliance Industries Ltd (RIL), chairman and managing director Mukesh Ambani announced the launch of a new feature called ‘Jio Phone Call AI’, which allows users to record and save any phone call on the Jio Cloud. The newly-unveiled feature enables users to transcribe speech... Read more

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Inc42 Media
Akshit Pushkarna @ Inc42 Media · 08/29/2024 06:31 EDT

Jio To Offer 100 GB Free Cloud Storage To Users Through ‘Jio AI-Cloud Welcome Offer’

Amid growing adoption of artificial intelligence (AI) in India, Reliance Industries Ltd (RIL) chairman and managing director (CMD) Mukesh Ambani…Amid growing adoption of artificial intelligence (AI) in India, Reliance Industries Ltd (RIL) chairman and managing director (CMD) Mukesh Ambani announced the launch of the Jio AI-Cloud Welcome Offer.  Under the offer, Jio users will get up to 100 GB of free cloud storage space to securely store and access photos,... Read more

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Inc42 Media
Akshit Pushkarna @ Inc42 Media 3 place · 08/29/2024 06:08 EDT

Ecommerce M&As Slipped 125% YoY In H1 2024

Precisely a month ago, we reported that mergers and acquisitions (M&As) in the world’s third-largest startup ecosystem tanked 45% YoY…Precisely a month ago, we reported that mergers and acquisitions (M&As) in the world’s third-largest startup ecosystem tanked 45% YoY to 37 deals in H1 2024. This could be largely due to investors’ muted interest in Indian startups, which attracted only $5.3 Bn, down 2% YoY, across 504 funding deals in... Read more

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Inc42 Media
Nikhil Subramaniam @ Inc42 Media · 08/29/2024 06:01 EDT

A Game Of Returns: Is India Finally Living Up To Its Exit Potential For Startup VCs?

There’s a change in the tune when it comes to the narrative around the Indian startup ecosystem for venture capital…There’s a change in the tune when it comes to the narrative around the Indian startup ecosystem for venture capital funds and their limited partners. And this time around it’s not about new deals, but exits from old deals. Big exits with large returns have always been a sore topic for... Read more

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Inc42 Media
Amit Singh @ Inc42 Media · 08/29/2024 05:55 EDT

Jio Platforms To Roll Out AI Service Platform ‘Jio Brain’ For Enterprises: Mukesh Ambani

Oil-to-telecom conglomerate Reliance Industries Ltd’s (RIL’s) digital giant Jio Platforms is developing an artificial intelligence (AI) service platform called Jio…Oil-to-telecom conglomerate Reliance Industries Ltd’s (RIL’s) digital giant Jio Platforms is developing an artificial intelligence (AI) service platform called Jio Brain, chairman and managing director Mukesh Ambani said at the company’s 47th annual general meeting. Jio Brain is a comprehensive suite of AI platforms and tools, currently being tes Read more

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Inc42 Media
Bhupendra Paintola @ Inc42 Media · 08/29/2024 05:27 EDT

Zoho Rolls Out Zoho Payments To Streamline B2B Transactions

Sridhar Vembu-led SaaS unicorn Zoho has forayed into the payments space with the roll out of Zoho Payments, designed to…Sridhar Vembu-led SaaS unicorn Zoho has forayed into the payments space with the roll out of Zoho Payments, designed to facilitate business-to-business (B2B) transactions. The company’s new offering allows businesses to receive payments through various methods, including UPI, net banking and cards. According to the company, by integrating Zoho Payments with... Read more

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27.11.2024 20:46
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