Exclusive

Publication

Byline

Location

Govt Disburses Over INR 21.5 Cr Under PLI Schemes

India, June 26 -- The government has disbursed INR 21,534 Cr under Production Linked Incentive (PLI) scheme across 12 sectors, including large-scale electronics manufacturing (LSEM), IT hardware, bulk... Read More


Former Swiggy Executive's Trading Startup Bags $10.5 Mn

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


Trading Platform Sahi Bags $10.5 Mn From Accel, Elevation

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


ITC Pulls The Plug On Its Online Store

India, June 25 -- FMCG giant ITC has discontinued the operations of its online store, nearly five years after launching the digital marketplace. Launched at the height of Covid-19 pandemic in Novembe... Read More


AuraML Nets Funding To Build Generative Simulation Platform For Robotics

India, June 25 -- Deeptech startup AuraML has raised $1 Mn (around INR 8.6 Cr) in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network and ot... Read More


Mirae Asset India VC Arm CEO Ashish Dave Steps Down

India, June 24 -- Ashish Dave, the chief executive officer of Mirae Asset Venture Investments (India), has stepped down from his role after a seven-year stint. Confirming Dave's resignation, sources ... Read More


Meesho Completes Reverse Flip To India: Report

India, June 23 -- Ecommerce major Meesho has reportedly concluded its reverse flip, shifting its domicile to India from the US. Last month, the company received approval from National Company Law Tri... Read More


Govt To Offer 100% Compute Subsidy To Sarvam, Others For Foundational Models: Report

India, June 23 -- In an effort to ramp up India's artificial intelligence capabilities, the Centre is reportedly offering a100% subsidy on compute infrastructure costs to Sarvam AI and other companies... Read More


EV Maker Okinawa To Raise INR 60 Cr From Existing Backer

India, June 21 -- EV maker Okinawa Autotech is looking to raise INR 60 Cr (around $7 Mn) from existing investor Dhruv Khush Business Ventures. As per its MCA filings, the EV startup's board passed a ... Read More


Tesla To Open First Showroom In Mumbai Next Month

India, June 20 -- After years of back and forth, EV giant Tesla is all set to make its India debut next month. The Elon Musk-led automaker is reportedly gearing up to open its first showroom in the co... Read More