Author: Ansh Singh

Gurugram: Pee Safe, a leading hygiene and wellness brand owned by Redcliffe Hygiene Private Limited, has partially closed its Series B round. The company has received $3 million out of their total round size of $6 million (approximately INR 50 crore). The funding was led by Natco Pharma Limited, a leading pharmaceutical company, and Rainmatter Health, supported by Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round. Originally launched in 2013 with just one product, a toilet seat sanitizer by Vikas Bagaria and Srijana Bagaria (husband-wife duo) out of a…

Delhi: Barista Coffee, a prominent player in the café industry, is delighted to announce the opening of 9 new outlets on August 23. This expansion showcases Barista Coffee’s unwavering commitment to extending its reach and delivering the exceptional coffee experience to an even broader audience. This achievement signifies the company’s expansion beyond its existing network of 380+ stores, reinforcing Barista’s prominent standing as a key player in the nation’s coffee culture. The newly established stores are strategically positioned in various cities, including Bhawanigarh, Sangrur (Punjab), Bachhuan (Punjab), Jeowal (Punjab), Hansi, Hissar (Haryana), Hissar, Hansi Highway (Haryana), Gwalior (Madhya Pradesh), Shimla (Himachal Pradesh),…

New Delhi: On Friday, the government-owned Bank of Baroda (BoB) stated that it had activated the UPI ATM facility at more than 6,000 ATMs nationwide. At its more than 6,000 ATMs nationwide, the Bank of Baroda has implemented UPI ATM function, allowing QR-based cash withdrawals. The National Payments Corporation of India (NPCI) and NCR Corporation worked together to launch UPI ATMs, making it the first public sector bank to do so, according to a statement from BoB. Customers of Bank of Baroda UPI ATMs can make cash withdrawals without needing a debit card, as well as customers of all participating…

New Delhi: The notion of changing the name of India to Bharat has gained steam recently and has sparked a heated debate across the country. The name change from India to Bharat will take place gradually to give organisations and people time to adjust to the new name and any resulting changes. There will be a gradual transition to the new emblems in official documents, money, and other national symbols. The renaming of India as Bharat is a remarkable and audacious move towards preserving its rich cultural past and embracing its diverse identities. The nation sends a strong statement to…

Mumbai: Venture Catalysts, India’s largest early-stage investment firm, has announced that it has made a partial exit from its portfolio Cusmat Technologies (Cusmat), an immersive skilling platform that large enterprises use to upskill their industrial workforce, with over 4.2 x returns in less than three years, resulting in more than 60% XIRR. Venture Catalysts had first invested in Cusmat’s seed round in 2020 and took an exit in the $3.5 million Series A round that the startup raised in February 2023 from Arkam Ventures, Unitus, Better Capital, We Founder Circle, 9Unicorns, and MapMyIndia amongst others. Since 2020, Cusmat’s Immersive Skilling Platform…

Because of its crispy and crunchy papads, the Lijjat brand is well-known both domestically and overseas. With a small sum of Rs 80, seven women founded it in the early 1950s, and Jyoti Naik was one of them. Jyoti Naik was the oldest child in a family of four brothers and sisters. When she was twelve years old, she started rolling poppadums and became affiliated with Lijjat Papad. She was deputed into the packing division, where she was given more work in Lijjat. Despite her mother’s untimely death in 1976, she continued to work for the charity and looked after…

New Delhi: The large pool of highly qualified distinctive in STEM (science, technology, engineering, and mathematics) related domains that contribute to the development of cutting-edge AI algorithms, applications, and solutions that serve both domestic and international markets is what drives the AI market in India. Additionally, the government’s strategy to encourage AI use through policy measures and budgetary support is what supports the market growth in India. In accordance with this, the National AI Strategy’s implementation and Startup India’s facilitation of industry-academia partnerships have promoted investments in AI companies and contributed to the market’s expansion. According to a recent report,…

Bengaluru: In a new round of layoffs on Thursday, Bengaluru-based fintech startup Khatabook let go of staff. According to sources familiar with the situation, the layoffs targeted workers in the engineering, product, and marketing verticals. The engineer also mentioned that the business extended insurance and compensated the separated workers with three months’ income as severance. “We received a three-month pay as a runway and an extension on ESOP vesting. Medical insurance was also increased,” he claimed. 43 people from the Marketing, Sales and Analytics tech teams were let go by Khatabook as part of the reorganisation process, and more to…

New Delhi: After a protracted interrogation at the ED’s Mumbai office, Naresh Goyal was brought into custody in accordance with the Prevention of Money Laundering Act. The Enforcement Directorate (ED) has detained Jet Airways founder Naresh Goyal in connection with an alleged money laundering case involving Canara Bank that involves 538 crore rupees. In a shocking change of events, an Emirates plane heading for Dubai was told to stop while taxiing for takeoff in Mumbai in May 2019. The pilot was instructed to return right away to the parking space without being given an explanation. Naresh Goyal and his wife…