Author: Priyanka Chauhan

New Delhi: According to a report by The Guardian , a former intelligence official-turned-whistleblower has made claims about the United States government possessing “intact and partially intact” alien vehicles. The official, David Grusch, who previously led the analysis of unexplained anomalous phenomena (UAP) within a US Department of Defense agency, alleged that the US is keeping these craft of non-human origin a secret from the public. In an interview with NewsNation, Mr. Grusch stated, “These are retrieving non-human origin technical vehicles, call it spacecraft if you will, non-human exotic origin vehicles that have either landed or crashed.” He further revealed that when he shared classified…

Hyderabad: City-based Techno Paints on Wednesday announced the appointment of film actor Mahesh Babu as its brand ambassador. He will be the company’s brand ambassador for a period of two years. “For the past 22 years, we have been successful in offering quality paints and quality painting services to business to business (B2B) segment. We executed over 1,000 projects in Andhra Pradesh, Telangana and the rest of the country. Prince Mahesh Babu’s image as a youth icon will help our company to expand. We are extremely confident of establishing ourselves in the Indian retail paints market,” said Akuri Srinivas Reddy, Founder…

Mumbai: WickedGud, a D2C brand making healthy food and snack alternatives, has raised US$ 250,000 in additional growth funding from GetVantage, India’s first and largest alternative financing platform for eCommerce entrepreneurs and SMEs. The food startup has made a significant impact in the healthy food space, building on strong momentum and consumer sentiment. The additional growth funding will be invested in marketing, product expansion, and retail distribution to achieve a 5X growth in net revenues in FY 24, despite already growing 3X in net revenues over the past 12 months. It also plans to exponentially increase its retail footprint to 2,000+ retail…

20 start-ups to raise funds during Live pitching session at Summit SURAT: IVY Growth Associates, a venture capital firm and start-up accelerator, in partnership with SteamHouse India Limited, announces the second edition of its annual Start-up Summit ‘21BY72’ in Surat city. The summit is set to witness the grand participation of 60+ Venture Capitalists and 500+ Angel Investors, and over 200+ start-ups hailing from all over India and globally. The summit is scheduled for 16, 17, 18 June at Avadh Utopia, Surat. All in all 10,000 attendees from across the globe are expected at the summit, which will facilitate opportunities worth roughly over 20 Crores and…

New Delhi: IIFL Finance, a prominent non-bank lender, has announced its plans to raise up to Rs 1,500 crore by issuing Non-Convertible Debentures (NCDs) in the debt market. The company aims to offer investors returns of up to 9 percent on their investments. The public issue for this debt raising endeavor is scheduled to launch on June 9. In a statement released on Tuesday, IIFL Finance, which is backed by Fairfax Holding and led by Prem Watsa, revealed that the proceeds from the issuance will be utilized to support business growth and enhance capital. The primary issuance of secured redeemable NCDs…

New Delhi: India’s leading e-commerce enabler GoKwik, which aims to democratise the shopping experience, has announced that it has completely acquired omnichannel communications specialist Tellephant for an undisclosed amount to tap WhatsApp commerce.   Founded in 2020 by Krishna Pinapatruni, Suhas Entur, and Varun Kapoor, this Bengaluru-based startup is focused on providing brands with conversation as a service and has enabled over 300 e-commerce brands to promote, sell, and provide support through WhatsApp. With this acquisition, GoKwik has now launched its third product KwikChat, a one-stop solution on Whatsapp catering to multiple use cases across the e-commerce funnel. Brands can use KwikChat…

New Delhi: The growth of India’s internet economy is expected to be driven by a continued shift in consumer behavior and the evolution of the business ecosystem, according to a report titled ‘The e-Conomy of a Billion Connected Indians’ released by Google, Temasek, and Bain & Company. The report predicts that the internet economy in India to grow from approximately $175 billion in 2022 to about $1 trillion by 2030. The report is based on surveys of consumers and investors, as well as analysis by Bain & Company. It highlights the key sectors of the internet economy that are driven by…

New Delhi: Novatr, a homegrown ed-tech startup transforming the Architecture, Engineering, and Construction (AEC) industry, has announced the appointment of two new members to their leadership team to accelerate their hyper-growth trajectory. Mishu Ahluwalia (Ex-founder of GoHive Coworking, KIWI & Roofpik.com) has been appointed as the Chief of Staff and Rajat Tiwari as the Vice President of Sales.       Mishu brings more than 22 years of experience in building and growing startups across the technology, real estate, and e-commerce domain. His expertise lies in driving scale for businesses across B2B and B2C verticals, and has a successful track record…

New Delhi: Sistema.bio, a social enterprise based in Mexico and specializing in advanced biogas technology, recently unveiled the world’s largest manufacturing facility for biogas plants in Chakan, Pune. Founded in 2010 by Alex Eaton and Camilo Pages, Sistema.bio has its headquarters in Mexico City. The newly established facility in India has an annual production capacity of 100,000 prefabricated biogas plants. Alex Eaton, CEO and co-founder of Sistema, stated that their bio-digesters are easier to install, have a longer lifespan, and are approximately 20% cheaper than traditional biogas plants constructed through civil engineering methods. He emphasized that existing technologies were primarily designed…

New Delhi: The disbursements of Paytm increased by 169% year-on-year (y-o-y) to reach Rs 9,618 crore during the months of April and May, the parent company, One97 Communications said in a release. In terms of loan volume, there was a 54% y-o-y rise, with a total of 8.5 million loans disbursed. The company reported a growth in the distribution of postpaid and personal loans, highlighting its partnerships with large non-banking financial companies (NBFCs) and banks. Paytm emphasized its commitment to maintaining the quality of loans distributed through its platform. At present, the company has seven lending partners, and it aims…