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[Update] Ultraviolette Raises $85 Mn To Scale EV Production

India, Sept. 23 -- Update | September 23, 13:10 IST Electric two-wheeler startup Ultraviolette Automotive has raised $85 Mn (about Rs.813 Cr) in a Series E round co-led by Yali Capital and TDK Ventur... Read More


Meesho Surges 9% After UBS Raises Target Price To Rs.260

India, Sept. 22 -- Shares of ecommerce major Meesho surged as much as 9.3% during the intraday trading after brokerage UBS maintained its 'Buy' rating on the stock and raised its target price to Rs.26... Read More


Lifestyle Brands Walk The Premium Tightrope

India, Sept. 22 -- Imagine a customer walking into a premium lifestyle store to buy a vase, but leaving with a dinner set, tableware, candles, and a few other pieces of decor for their living room. A ... Read More


Snapdeal Parent AceVector Sets Rs.30-Rs.32 Price Band For Rs.420 Cr IPO

India, Sept. 22 -- Snapdeal parent AceVector has set a price band of Rs.30-Rs.32 per equity share for its IPO, valuing the company at up to Rs.1,741.4 Cr ($181.7 Mn) at the upper end. The IPO compris... Read More


Mastercard Exits Pine Labs Via Rs.934 Cr Bulk Deal

India, Sept. 22 -- Pine Labs' early backer Mastercard has exited the company by selling its entire 4.31% stake through a bulk deal on Tuesday. The investor offloaded 4.97 Cr shares at Rs.187.75 apiece... Read More


Sol Foundry Raises $4 Mn To Automate Email Commitments With AI

India, Sept. 22 -- So far, AI in the inbox has so far meant assistance in drafting. Microsoft has pushed Copilot deeper into Outlook, Google has embedded Gemini across Workspace, to provide AI assist... Read More


Nothing Bets On India, Moneyview's IPO & More

India, Sept. 22 -- Nothing's CMF Crosses Over To India Nothing is spinning off its sub-brand CMF into an independent, majority Indian-owned company. With this, the smartphone maker aims to capitalise... Read More


Manufacturing Startups To Watch: 5 Startups That Caught Our Eye In September

India, Sept. 22 -- India's manufacturing story is entering a new era. After years of policy support and incentives, capital is now flowing into factories, production lines and specialised industrial t... Read More


Zetwerk, Ayr Energy Settle Legal Dispute

India, Sept. 22 -- IPO-bound Zetwerk and US-based transformer startup Ayr Energy have reached a settlement by agreeing to dismiss all claims in lawsuits pending before the Texas Business Court and a s... Read More


IPO-Bound PhonePe Secures In-Principle Nod For UAE Payments Business

India, Sept. 22 -- Walmart-backed PhonePe has received in-principle approval from the Central Bank of the UAE (CBUAE) for two payment licences, taking the IPO-bound fintech major closer to launching i... Read More