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Xpressbees' Loss Widens 11% To INR 200 Cr In FY24

India, April 19 -- Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line. The startup, which ... Read More


Exclusive: PE Firm Eversource Capital In Talks To Acquire BluSmart

India, April 19 -- Climate-focussed PE firm Eversource Capital is in talks to acquire BluSmart, which is in trouble following the crisis at its related entity Gensol, sources told Inc42. Eversource h... Read More


Thank You, Partners, For Making The GenAI Summit 2025 A Grand Success

India, April 19 -- On April 9, 2025, Inc42 hosted the second edition of The GenAI Summit at JW Marriott, Bengaluru - bringing together over 350 of India's most influential AI builders, researchers, in... Read More


What's Holding Back VCs From Betting Big On Indic LLMs?

India, April 19 -- Why hasn't India made major strides in the deeptech space yet? The oft-quoted question recently gained steam when the Minister of Commerce and Industry, Piyush Goyal, pulled up Indi... Read More


NTT DATA, Neysa To Build INR 10,500 Cr AI Data Centre In Hyderabad

India, April 19 -- Japanese IT business service giant NTT DATA and AI cloud company Neysa Networks have inked a pact with the Telangana government to set up an INR 10,500 Cr AI data centre cluster in ... Read More


Electronics Component Scheme To Be Launched Soon: Vaishnaw

India, April 19 -- Days after the Union Cabinet approved the PLI scheme for electronics components, Union Minister Ashwini Vaishnaw has said that the guidelines for the scheme have been finalised and ... Read More


From Garuda Aerospace To Jewelbox- Indian Startups Raised $65 Mn This Week

India, April 19 -- In a week marred with instances of corporate misgovernance in the Indian startup ecosystem, investment activity across new-age tech companies nosedived under $100 Mn. Between April... Read More


Justdial Q4 Profit Zooms 36% YoY To INR 158 Cr

India, April 18 -- Hyperlocal search engine Justdial reported a net profit of INR 157.60 Cr in the final quarter of FY25, an increase of 36% from INR 115.65 Cr in the year-ago quarter. On a sequentia... Read More


Eternal To Cap Foreign Ownership At Under 50%

India, April 18 -- Zomato and Blinkit parent Eternal will soon cap the foreign ownership in the company at 49.5%. In a meeting today, the company's board approved the proposal to cap the foreign owner... Read More


Centre Rejects Rumours Of GST Levy On UPI Transactions

India, April 18 -- The finance ministry has rejected the rumours of levy of goods and services tax (GST) on UPI transactions above INR 2,000. "The claims that the government is considering levying GS... Read More