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The image features Ritesh Agarwal, the founder of OYO, standing on a stage and speaking passionately with his right hand raised and holding a marker. The backdrop includes a large, stylized OYO logo in red with a flowing yellow and orange design, set against a light green background. Ritesh is dressed in a dark suit with a light blue shirt, looking engaged and dynamic as he addresses his audience.

India's Oyo, valued at $10B, Finalizes New Funding at $2.5B valuation

Oyo, the Indian hotel chain startup, is nearing a deal to raise between $100 million and $125 million, slashing its valuation to $2.5 billion from a previous $10 billion in 2019, according to TechCrunch. The company has faced challenges raising from institutional investors and has recently targeted high-net-worth individuals, emphasizing its profitability and significant valuation discount. Amidst these fundraising efforts, Oyo has retracted its plans for an IPO, previously aiming for a $1.2 billion raise at a $12 billion valuation in 2021. The company, with backers including SoftBank and Airbnb, has withdrawn its IPO application twice in four years, indicating a strategic pivot away from rapid global expansion to stabilizing its core operations.

By
Anurag Trivedi
The image features a large, modern CNC machine prominently displayed on a black background with a dotted pattern. To the right, the logo of Ethereal Machines is visible, signifying the brand. The overall design has a sleek, technical aesthetic, highlighted by a minimalistic color palette of black and subtle grays, which sets a professional and cutting-edge tone. The image is wide, likely designed to serve as a banner or header for digital content.

Ethereal Machines Secures $13M for R&D and New Bengaluru Facility

Ethereal Machines, a leading deeptech startup, has raised $13 million in a Series A funding led by Peak XV Partners and Steadview Capital, with contributions from Blume Ventures, Enam Investments, and Sandeep Singhal. The investment will fuel research and development and the creation of India's first multi-axis CNC controller. The firm also plans to initiate construction of its second 'Smart Factory' in Bengaluru, adjacent to the upcoming Foxconn facility.

By
Anurag Trivedi
This image is a promotional banner for Finsall, showcasing their mobile app interface on a smartphone. The left side of the banner displays the app screen with an "EMI Calculator" for quick premium calculation, highlighting fields for policy type, tenure, insurance amount, and upfront amount. A cartoon character is interacting with the app on the phone, adding a human touch to the technology-focused visual. The right side features the Finsall logo along with the tagline "Financing insurance for all," set against a dark blue and purple abstract background. The overall design emphasizes simplicity and user-friendliness, appealing to a broad audience needing insurance financing solutions.

Finsall Secures INR 15 Crore to Revolutionize Insurance Financing with New NBFC Launch

Finsall, a BNPL startup specializing in insurance, has raised INR 15 crore in a bridge funding round led by Unicorn India Ventures and Seafund, supported by other institutional investors. The funding will enable the establishment of a Non-Banking Financial Company (NBFC) to expand lending operations and enhance customer value in insurance premium financing. The company also plans technological enhancements to improve interfaces for insurance companies and lending partners. These funds will also assist Finsall in forming strategic partnerships with insurers, intermediaries, and lenders, expanding its service offerings and distribution channels. CEO Tim Mathews highlighted the importance of this investment in scaling operations and pioneering in the insurance premium financing sector, aiming for substantial market growth.

By
Anurag Trivedi
This image is a promotional banner for Olive, featuring a stylized graphic design. The banner includes an illustration of a bellhop pushing a luggage cart loaded with two oversized bags of money, emphasizing the company's revenue growth. The background is divided into bold sections of yellow and magenta, creating a vibrant contrast. On the right side of the image, there's the Olive logo, which includes a stylized sun motif in purple, adding to the brand's identity. The overall design is playful and colorful, highlighting Olive's prosperity in the hospitality industry.

Olive Hospitality's Revenue Jumps 76% to ₹51 Cr in FY24

Olive, a startup in the hospitality sector supported by Embassy Group, reported a substantial revenue increase of 76% this fiscal year, achieving ₹51 crore. Established in 2019, Olive manages a variety of properties including co-living spaces and hotels located in major cities like Bengaluru, Mumbai, and Goa. The company's revenue boost is primarily due to an expanded portfolio and enhanced room pricing strategies. Olive caters to a diverse clientele, ranging from students to luxury travelers, and plans to continue its growth trajectory with potential fundraising initiatives to support further expansion.

By
Anurag Trivedi
The image features a graphic design with a red and white theme, incorporating a half-body portrait of Sanjeev Sharma, the founder of Swaayatt Robots, speaking at a podium. To his left, there's a large, circular, dotted pattern on a red background. On the right side of the image, against a white background, is a stylized red illustration of an autonomous vehicle. This design effectively conveys the theme of innovation and technology in the context of autonomous driving.

Swaayatt Robots of Bhopal Secures $4M for Breakthroughs in Autonomous Driving

Bhopal-based Swaayatt Robots has raised $4 million from U.S. investors, boosting its valuation to $151 million. This investment will further its development in autonomous vehicle technology. The company, led by Sanjeev Sharma, has made significant strides with its technology, already achieving Level 5 autonomy, which allows navigation through complex environments like construction sites. Swaayatt Robots is gearing up for a major demonstration in August, aiming to solve Level Four autonomy globally, and is eyeing further funding to reach its ambitious goals.

By
Anurag Trivedi
The image is a banner featuring the logo and branding for DocPlix, with the tagline "Naye Bharat Ka Asli Healthcare." The logo includes a stylized stethoscope forming a cross, with green and orange elements. The background features a DNA helix graphic on the left and a design with dots and curved lines on the right, adding a modern and scientific feel to the overall design. The text "DocPlix" is in bold, with the tagline emphasizing authentic healthcare for a new India.

DocPlix Raises ₹1.2 Crore for Electronic Health Record Expansion, Backed by IPV

DocPlix, a health-tech startup, recently secured funding of Rs 1.2 crore from Inflection Point Ventures (IPV). The investment will fuel their product development, enhance AI capabilities, and broaden their market reach. Focusing on digitalizing health records in India, DocPlix aligns with the Ayushman Bharat Digital Mission to establish a secure and interoperable Electronic Health Record system. This expansion is particularly targeted at enhancing healthcare accessibility in tier-2 and tier-3 cities. Notably, DocPlix has achieved a high renewal rate of 93%, indicating strong customer retention and satisfaction.

By
Anurag Trivedi
The image is a promotional banner featuring two segments. On the left, there is a stylized illustration of various skincare products being held up by human hands against a pale pink background with star accents, suggesting a focus on beauty and wellness products. On the right, a portrait of a confident Indian woman in a red blouse and black pants, standing with crossed arms and smiling, set against a geometric red and white background. This design likely represents the leadership behind the skincare brand, emphasizing both the product line and the entrepreneurial spirit.

CHOSEN Secures $1.2M Seed Funding for Skincare Expansion

CHOSEN, a Chennai-based skincare startup founded by Dr. Renita Rajan, has raised $1.2 million in seed funding from friends and family, following a $100,000 equity-free grant from Peak XV Partners. This funding will enhance strategic expansion, including exploring B2B partnerships in sectors like hospitality and health. The company, known for safe and effective skincare, plans to introduce 12 new products and aims for pre-series funding of $10-20 million later this year. Currently, CHOSEN has a robust product lineup and a workforce of 130, projecting significant growth and scale in the coming fiscal year.

By
Anurag Trivedi
This image features a graphic design banner for "neevcloud". The design includes a central logo that depicts a stylized cloud with circuit-like connections, emphasizing digital or cloud-based technology. The name "neevcloud" appears beside the logo. The background shows a visual representation of a network topology with servers connected by lines, suggesting data interchange or a cloud network infrastructure. A human figure is interacting with one of the servers, indicating user engagement with the technology. The overall color scheme is blue and white, reinforcing a tech-oriented, clean aesthetic.

NeevCloud Launches with 40,000 GPUs, Revolutionizing AI Cloud Services for SMEs in India

Indian startup NeevCloud has entered the AI cloud space with a substantial deployment of 40,000 GPUs, aiming to offer cost-effective, scalable cloud computing solutions to small and medium enterprises (SMEs). Founded by experts in cybersecurity and artificial intelligence, NeevCloud focuses on providing high-performance computing resources necessary for AI and machine learning applications. The startup targets industries such as healthcare and finance, aiming to become a key player in the global AI cloud services market.

By
Anurag Trivedi
The image depicts a stock market display screen with multiple stock prices showing a significant downtrend, indicated by red arrows and negative percentage changes. A stylized, cartoon-like graphic overlay shows a rocket with the Indian flag crashing downward, aligned with the downward movement of the market trends on the display, symbolizing a rapid decline in stock values. This visual metaphor effectively captures the dramatic impact of a stock market crash. The background is filled with numeric stock data in white against a dark background, enhancing the visibility of the red graphical elements representing the market downturn.

Election Results Trigger Market Turmoil: Tech Stocks Tumble as Sensex Drops 4,000 Points

In the wake of the 2024 Lok Sabha Election results, Indian new-age tech stocks took a significant hit, reversing gains from the previous day. The Indian stock market dropped dramatically by around 4,000 points, influenced by the early election results. This shift saw 23 prominent new-age tech stocks, closely monitored by Inc42, decline sharply by mid-morning. While the Sensex and Nifty50 saw substantial falls, individual stocks like TBO Tek and Paytm experienced major sell-offs, with TBO Tek dropping over 10% and Paytm hitting the lower circuit. The market's response reflects broader uncertainties and adjustments in investor expectations following the election results.

By
Anurag Trivedi
The image features a stylized representation of LogicLadder's financial growth and technological focus. On the left, there are stacks of gold coins symbolizing a recent investment of $2.5 million. These coins are connected by circuit lines to a central microchip with the LogicLadder logo, indicating how the investment fuels the company’s tech-driven solutions in sustainability and climate action. The green background suggests the focus on environmental technologies.

Decarbonize Your Business & Save Money: SaaS Startup LogicLadder Secures $2.5M

Discover how LogicLadder, a trailblazer in climate action technologies, is ramping up its global presence with a $2.5 million investment led by BIG Capital and Rainmatter. With this funding, LogicLadder aims to refine its acclaimed Sustainability Cloud platform, helping leading firms like Maruti Suzuki and NTPC achieve crucial sustainability targets.

By
Anurag Trivedi
This banner image for Greenday features three people standing against a green background, with the Greenday logo and the tagline "Kisan ki Dukan". The man on the left is holding a package of 'Atta' and the woman on the right is holding a package of 'Rice', both products of Greenday. Between them stands PV Sindhu, the brand ambassador, dressed in a white shirt and green jacket, contributing to the brand's identity focused on healthier, fortified food products. The design elements in the background emphasize a fresh and organic feel, aligned with the brand's health-focused messaging.

Badminton Star PV Sindhu Invests in & Endorses Greenday, Startup Led by IIM Alumni

Indian badminton star PV Sindhu invests in and becomes brand ambassador for Greenday's "Better Nutrition" initiative. This collaboration tackles micronutrient deficiencies by fortifying staple crops with essential vitamins and minerals. Greenday partners with HarvestPlus Solutions to develop biofortified crops like rice and wheat. These efforts aim to improve public health and farmer income. Sindhu emphasizes the initiative's dedication to health and farmer support. Greenday highlights the importance of addressing nutrient deficiencies and sees Sindhu's involvement as a boost to awareness and market growth.

By
Anurag Trivedi
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