DheeYantra Research Labs, the company behind vernacular chatbot platform dhee.ai, recently raised an undisclosed amount of funding in a seed round led by Centre for Innovation Incubation and Entrepreneurship (CIIE), the incubator-cum-investment arm of IIM-Ahmedabad. This funding round also witnessed the participation of Gopal Krishna, former managing director of Maxim India Integrated Circuits and stock […]
India’s top management institute IIM-Ahmedabad has launched USD 25 million fund for startups working in the areas of financial inclusion, livelihood, education, and health over the next three to four years. The initiative is known as the Bharat Inclusion Initiative, which aims to invest in startups in fintech, education etc with the help of CIIE. […]
Online eyewear firm Lenskart has earmarked about USD 2-3 million to invest in companies that are either working on product or technologies that can help to provide affordable eye care solutions. As a part of the strategy, firm backed by Ratan Tata, Lenskart has invested about Rs. 3.3 crores in US-based ThinOptics. The intent of […]
The world is set to witness one of the world’s biggest fighter jet deals in play at the moment as the global aerospace maker, Boeing has come to an agreement with India’s state-owned Hindustan Aeronautics Limited (HAL) and private sector Mahindra Defence Systems to locally manufacture the combat jet F/A-18E/F Super Hornet as reported by […]
We had first heard about InstaTaskers from an entrepreneur friend who was going gaga about it. This friend had recently started up and was constantly plagued by the absence of quality service providers. She could not have hired full time for every skill. Full-time hiring has its own overheads that are impractical to be borne […]
Mukesh Ambani’s Reliance Retail has become the first retailer in India to cross the $10 billion sales mark after doubling its revenue during the year that ended in March. The firm’s previous year’s revenue currently stands at ₹69,198 crore, which is the combined total of revenue from rival firms like Avenue Supermarket, Future Group, Tata […]
Tata Consultancy Services Ltd, India’s largest IT firm is betting big on ‘Business 4.0’ to propel its revenues from new age-technologies like automation, cloud, and the Internet of Things to over $5 billion this year. Rajesh Gopinathan, MD, and CEO at TCS reported, There are numerous components of digital technologies, there is cloud, automation, analytics, […]
Country’s largest IT firm, Tata Consultancy Services March Quarter(Q4) earnings reported a stellar performance on Thursday beating all expectations that analysts had estimated both on revenue and profitability. This double-digit growth quarter has come after the backdrop of 13 straight quarters of underperformance and the board members of Mumbai based company immediately rewarded shareholders with […]
Chennai based mini-truck aggregator platform raises ₹20 Cr funding from its existing investor, Ramco Group and the promoters – P.R. Venketrama Raja (Chairman, Ramco Systems) and his son Abinav Raja(Co-founder, Lynk). Founded by Abinav Raja and Shekhar Bhende, Lynk is an intra-city on-demand last mile technology platform that connects customers (individuals/businesses) with trucks (logistics service providers) to efficiently move […]
India’s leading online fashion platform Myntra has acquired Bengaluru based Witworks. Witworks is a technology startup making smart wearable devices and their underlying software. Witworks team will join Mytnra R&D department after the acquisition to further strengthening the company’s robust technology team and augment its product development capabilities. The acquisition will help Myntra to develop wearable products for their […]
Titan, Tata Group’s daughter company announced that it is targeting a gross revenue of Rs 50,000 crore by FY 22-23 and is forecasting its jewelry business to keep driving the sales of the company. “Titan now aspires to touch 50 million customers across all its businesses and achieve the UCP (Uniform Consumer Price) revenue of […]
Xi Jinping, President of China promised to lower down import tariffs on products including cars and open country’s economy in a speech delivered on Tuesday over matters concerning around ongoing trade tensions between China and the United States. At present, a 25 percent import duty is levied on Chinese imports. In his address speech at […]