Elon Musk’s automotive and clean energy company, Tesla Inc., has officially launched its recruitment drive in India, marking its much-anticipated entry into the domestic electric vehicle market. The company has announced 13 job openings on its official website, offering roles in-vehicle services, sales, operations, and business support specifically in the Mumbai region. On Linkedin, Tesla … Read more
Enterprise AI startup Singulr AI has raised $10 million in its seed round led by Nexus Venture Partners and Dell Technologies Capital. It has also launched general availability of its enterprise AI governance and security platform, already deployed across companies in the technology, finance, and healthcare sectors. Founded by Shiv Agarwal and Abhijit Sharma in … Read more
Ikonz Studios, specializing in hyper-realistic, multilingual digital avatars and holographic technology, has secured $5 million in strategic funding as part of its ongoing pre-Series A round from Marc Jordan. The round also saw participation from Ramana Thummu, Madhusudan Kela, and Akash Bhanshali, with all four investors joining through their family offices. According to a press … Read more
B2B e-commerce platform Udaan has raised $75 million in a Series G equity funding round at a flat valuation, as announced by the company’s co-founder and CEO, Vaibhav Gupta, during a town hall today. Sources assert that the company has been valued in the range of $1.5 to $1.8 billion in this round. As per … Read more
Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Friday for the third quarter of FY25. The results show a marginal decrease in scale and profit year-on-year. EaseMyTrip’s operating revenue decreased by 6.3% to Rs 150 crore in Q3 FY25 from Rs160 crore in Q3 FY 24, as per its unaudited consolidated financial … Read more
During the week, 32 Indian startups collectively secured approximately $375.52 million in funding, comprising 7 grow th-stage deals and 22 early-stage deals. Additionally, 3 startups chose not to disclose their transaction details. In contrast, the previous week saw 23 early and growth-stage startups raising a total of around $137 million. [Growth-stage deals] In the growth-stage … Read more
Navi has announced the appointment of Rajiv Naresh as the new CEO of Navi Technologies Limited and Abhishek Dwivedi as the new CEO of Navi Finserv Limited. Sachin Bansal, the existing CEO of both companies, will transition to the role of Executive Chairman of the Navi Group while continuing to oversee the group’s strategic direction. … Read more
Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, … Read more
Gaming and sports media company Nazara Technologies reported a year-on-year increase of 67% in operating revenue for Q3 FY25 compared to Q3 FY24. However, the Mumbai-based company’s profits declined by 53.6%. Nazara’s operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24, according to its unaudited … Read more
Lizzie Chapman, co-founder of Swiffy Labs, has stepped down from her role at the Reliance-backed financial services infrastructure startup. Chapman co-founded Swiffy Labs in August 2023 after the closure of her previous venture, ZestMoney. Swiffy Labs specializes in building loan origination, loan management, and payment systems to support embedded financial services. According to an ET … Read more