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Lumio Raises $12 Mn To Scale Consumer Electronics Portfolio

India, Oct. 7 -- Consumer electronics manufacturer Lumio raised $12 Mn (around Rs.102.5 Cr) in a Series A funding round led by Blume Ventures, with participation from existing backers Stellaris Ventur... Read More


Selling Intelligence Was the Warm-Up For AI. Owning Vertical Markets May Be The Play

India, Oct. 7 -- The most profitable move in artificial intelligence may no longer be selling intelligence. It is selling a model to a company, wiring it into that company's most valuable work, learni... Read More


Why Growth Stage Startup Funding Outpaced Late Stage Investments In Q3

India, Oct. 7 -- While the funding trends in the Indian startup ecosystem have been showing signs of stability over the past few months, investor appetite for startups operating across different secto... Read More


From Late Stage To Growth: Why Are Investors Recalibrating Their Startup Bets?

India, Oct. 7 -- While the funding trends in the Indian startup ecosystem have been showing signs of stability over the past few months, investor appetite for startups operating across different secto... Read More


Desible.ai Raises Rs.32 Cr To Build AI Operating Layer For BFSI

India, Oct. 7 -- Voice AI startup Desible.ai has raised Rs.32 Cr (around $3.7 Mn) in a seed funding round led by Prime Venture Partners, with participation from existing backer Invention Engine. The ... Read More


Go All-Electric By July 2027: Maharashtra Govt To Bike Taxi Aggregators

India, Oct. 7 -- The Maharashtra government has reportedly directed all bike taxi aggregators, including Rapido, Uber and Ola, to transition to an all-electric fleet by July 2027. According to the In... Read More


Sunfox Technologies Bags $7 Mn To Scale Cardiac Diagnostics Platform Spandan

India, Oct. 7 -- Dehradun-based medtech startup Sunfox Technologies has raised $7 Mn (around Rs.67 Cr) in a Series A funding round led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital, and 3one4 Ca... Read More


TPG Offloads More Shadowfax Shares Via Rs.115 Cr Bulk Deal

India, Oct. 7 -- TPG continues to dilute its shareholding in Shadowfax. The private equity (PE) giant has now sold more shares of the listed logistics company via an open-market transaction for Rs.114... Read More


Insurance Brokers Oppose IRDAI Reforms, Project 70% Revenue Loss

India, Oct. 7 -- The Insurance Brokers Association of India (IBAI) has said that the Insurance Regulatory and Development Authority of India's (IRDAI) recently proposed norms could trigger a 60-70% re... Read More


ServiceNow's India Bet: Can It Put AI To Work Inside Enterprises?

India, Oct. 6 -- Enterprise software major ServiceNow is betting that its next leg of growth in India will come not just from digitisation of IT functions, but from enterprises putting AI to work acro... Read More