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VerSe Hits Reset: AI Pivot, Layoffs & A Shrinking Josh

India, July 8 -- Reality bites. So does the reality of artificial intelligence (AI). And, it seems to have bitten off 30% of the workforce at VerSe Innovation. The layoffs have not been to cut costs, ... Read More


JioBlackRock Closes NFO For New Funds With $2.1 Bn Investment

India, July 8 -- Over a month after receiving SEBI's nod to operate as an asset management company (AMC), JioBlackRock has closed its maiden new fund offer (NFO) with a total investment of INR 17,800 ... Read More


Apollo Hospitals Acquires Accel-Backed Healthtech Startup Onco

India, July 8 -- Amid rumours of cancer care startup Onco's shutdown, sources privy to the matter told Inc42 that the startup was acquired by hospital chain Apollo Hospitals. Without revealing the fi... Read More


India Home To 11,000 Biotech Startups: MoS Jitendra Singh

India, July 8 -- Minister of State for Science and Technology Jitendra Singh on Monday (July 8) said the number of biotech startups in the country has soared from 50 in 2014 to nearly 11,000 currently... Read More


UPI Payments Via Smart Appliances: NPCI Working On IoT Rails

India, July 8 -- The National Payments Corporation of India (NPCI) is working on an internet of things (IoT) version of the Unified Payments Interface (UPI) which will allow users to make digital paym... Read More


Quick Commerce Battle: Blinkit, Instamart Gain Market Share In Q1

India, July 8 -- Quick commerce majors Blinkit and Instamart gained market share in the first quarter of the ongoing financial year (Q1 FY26) as players in the sector decided to slow down their aggres... Read More


IIT Madras To Launch INR 200 Cr Alumni-Backed Early Stage Startup Fund

India, July 8 -- Indian Institute of Technology (IIT) Madras has said it plans to launch an INR 200 Cr venture capital (VC) fund to back early-stage startups, particularly in the deeptech domain. Cal... Read More


Ahead Of IPO, Captain Fresh Converts Into A Public Entity

India, July 7 -- Meat and seafood startup Captain Fresh has converted into a public company, marking a major step in preparation for its initial public offering (IPO). In a filing with the Ministry o... Read More


Nykaa Jumps 2.5% After It Projects Mid-20% Revenue Growth In Q1

India, July 7 -- Shares of beauty ecommerce major Nykaa surged 2.5% to INR 203.05 on the BSE today after the company said it expects its consolidated revenue growth to be in mid-twenties YoY in the fi... Read More


Eternal Appoints Aditya Mangla As Food Delivery CEO

India, July 7 -- Foodtech major Eternal has appointed Aditya Mangla as the CEO of its food ordering and delivery business. Mangla will succeed Rakesh Ranjan, who has completed his two-year stint as t... Read More