Priyanka Gill, the co-founder and former editor-in-chief of Vintage India Life magazine, has joined venture capital firm Kalaari Capital as a Venture Partner. In her new role, Gill will focus on promoting women entrepreneurs and helping them grow their businesses.
Krutrim, a language AI start-up, has achieved unicorn status after securing $50 million in a recent fundraising round. The company’s Large Language Model (LLM) is designed to fuel generative AI applications across all Indian languages.
Investment bank Equirus has launched a $25 million fund called Equirus InnovateX Fund. The fund will focus on investing in areas such as SaaS, Deep Tech, Fintech, and other emerging sectors, with a primary focus on business-to-business (B2B) themes.
Reputed entrepreneur Ranjan Pai has acquired a 40% stake in Aakash Institute, making him the biggest shareholder in the educational coaching company. The deal involved converting Pai’s $300 million investment in 2023 into equity.
A report revealed that 44% of investors are actively backing start-ups from Tier 2 and 3 cities, with a particular focus on technology-based ventures. This highlights the growing interest and investment potential in these regions.
Hyderabad-based fintech non-banking finance company (NBFC) VIVIFI India Finance has secured $75 million in funding. The RBI-registered NBFC offers small loans to customers who have the ability and intention to repay.
MakeMyTrip, an online travel company, has acquired a majority stake in intercity car rental provider Savaari. Despite the acquisition, Savaari will continue to operate independently under its existing leadership team.
Green-only NBFC Ecofy has secured Rs 900 million in funding from Dutch development bank FMO. The funding will be used to support Ecofy’s loan book growth, facilitate product diversification, and expand its operations across India.
Global venture capital deals in Q4 2023 hit their lowest levels since Q3 2016, according to a report by KPMG. Despite this, there remains sustained interest in AI investments.
B Capital, a venture capital firm co-founded by Facebook co-founder Eduardo Saverin, is focusing on cross-border investments in the SaaS, healthcare, and climate sectors. The firm believes that these sectors have significant growth potential.
The e-commerce sector in India is urging the government to increase spending on digital infrastructure in the upcoming budget. This is seen as a crucial step in enabling the growth and expansion of the sector.
WeWork Labs has launched Jumpstart 2024, a program aimed at supporting early-stage start-ups. The program will provide selected start-ups with resources, mentorship, and access to the WeWork Labs network.
The Indian government has implemented an AI-Warehouse pilot project aimed at reducing onion wastage. The project leverages AI technology to optimize storage and logistics, ensuring that onions are preserved and reach markets efficiently.
The Reserve Bank of India (RBI) has taken a bold stance by implementing a Self-Regulatory Organization (SRO) for fintech. This move is aimed at fostering innovation, promoting responsible practices, and protecting consumer interests in the fintech industry.
A focus on productivity and optimizing the time employees spend at work can significantly impact a company’s success. By implementing strategies to boost productivity, businesses can improve efficiency and achieve greater results.
Due to a 30% tax on cryptocurrency trading, CoinDCX, a leading cryptocurrency exchange in India, lost nearly 90% of its trading volume. The tax has had a significant impact on the cryptocurrency industry in the country.
Amazon is facing labor rights issues in India, with workers alleging poor working conditions and unfair treatment. However, no action has been taken against the e-commerce giant, highlighting the challenges faced by labor rights activists in the country.
