Author: Priyanka Chauhan

New Delhi: EvolveX accelerator, a startup accelerator spearheaded by a global community of successful founders & strategic angels, We Founder Circle (WFC), has announced its recent undisclosed investment in a Pre-Seed round of EVINDIA, an influencer-driven social commerce platform for EV two-wheeler buyers. EVINDIA emerged as a prominent startup from EvolveX’s Cohort 2, launched in September 2022. The investment was led by EvolveX Accelerator, with prominent investors including Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal, who demonstrated their unwavering faith in EVINDIA’s innovative concept. The successful pre-seed funding round laid a solid foundation for EVINDIA’s growth, allowing them to…

New Delhi: In pursuit of revolutionising the podcasting experience, one of the leading podcast platforms in the country, Hubhopper, has now joined hands with a leading immersive augmented reality (AR) and metaverse company, Superfan. The partnership aims to create unique and engaging content experiences for podcasters and their relevant audiences. Through the collaboration, Superfan and Hubhopper will enable creators and brands to leverage the power of augmented reality within the metaverse, allowing for immersive storytelling, interactive discourses, and deeper audience engagement. By integrating Superfan’s AR capabilities with Hubhopper’s podcast platform, creators and brands can seamlessly enhance their content with AR…

Pune: Maestro Realtek, a knowledge-driven and trusted strategic partner for real estate developers, has emerged as one of the leading real estate mandate holders in the Pune realty sector, building a strong market presence targeting over Rs. 1000 crore saleable inventory in 2023 – 2024. The company has successfully added over seven prestigious projects by renowned developers to its portfolio within the first year of operations. Some of the notable projects include Real Homes by GADA Group, Signature Villas by Adarsh Group, Menlo – X Factor at Koregaon Park, Kharadi 2.0 Residential, Business Hub & Professional Park, Codename Kingsize by Nandgude Patil and…

Mumbai: Collective Artists Networks BigBang.Social is proud to announce the launch of India’s first creator super-app. Recognising the immense potential of the creator ecosystem, BigBang.Social offers creators a comprehensive and first-of-its-kind platform that enables commerce, brand collaboration, upskilling and a robust peer-to-peer network for building a thriving community. Designed to empower creators and fuel the growth of the creator economy, the BigBang.Social App is set to become the ultimate virtual destination that revolutionises the way creators connect, collaborate, learn and thrive.  “With a tech-first approach to the creator economy, our aim is to streamline India’s largely unorganised creator ecosystem, enabling monetisation…

New Delhi: Les Petits, the luxury fashion brand for kids, organized a Trunk Show for the very first time in Kolkata to penetrate the eastern market. Renowned for offering the most coveted and opulent collections from leading international brands under a single roof, the brand offered exuberant and elegant designs at the event.  The show saw a grand opening that Pooja Poddar hosted. It took place at The Loft, Quest Mall Park Circus, Kolkata, on the 22nd and 23rd of July. A flat 50% discount was offered on the premium haute couture line from the house of Dolce & Gabbana, Versace,…

New Delhi: Since the demerger of Reliance Industries’ financial services business into Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS), its shares have lost nearly Rs 1 lakh crore in the market capitalisation (m-cap). On July 19, the stock commanded an m-cap of Rs 19,21,575, which declined to Rs 17,72,585 crore on the day (Thursday) of corporate action. The stock commanded an m-cap of Rs 16,74,658 on Monday, which suggested a roughly 98,000 crore in m-cap loss in the two sessions. The stock dropped 2.62 per cent on Monday, reaching a low of Rs 2,469.55 on BSE.…

New Delhi: According to EEPC India, India’s engineering exports to major markets like the European Union (EU), China, and the United States continued to decline in June 2023, reflecting a difficult global trade environment. However, the country’s shipments to North East Asia, West Asia and North Africa (WANA) and CIS countries showed positive growth during the same period, said the Engineering Exports Promotion Council of India (EEPC). India’s engineering exports fell in June 2023 for the third consecutive month, falling 11 per cent year-on-year to USD 8.53 billion. The report said the decline was led by a sharp fall in US,…

New Delhi: After completing six years in the market, luxury carmaker Lexus is looking to foray into the used car business in India from next year, according to a top company official. The Japanese carmaker, which presently sells its product range through 23 touch points, plans to transition some of the sales outlets to also cater to the preowned car vertical. Lexus, which is well-known for its self-charging hybrid cars, is now gearing up to introduce its first electric model in the country by 2025. The automaker is now seriously considering the introduction of a structured pre-owned car programme, said Nexus…

New Delhi: In the first half (H1) of 2023, India’s venture capital (VC) landscape experienced a drastic downturn, with investments plunging by an alarming 79 per cent compared to last year. According to multiple reports, the impact was particularly bad in the sectors like edtech, enterprise tech and fintech. According to data, total investments in H1 2023 amounted to $3.8 billion, starkly contrasting the robust $18.4 billion secured the last year. There is a 60 per cent decline in the number of deals, meanwhile plummeted to a mere 293, from 727 seen the previous year. In the early-stage segment, funding value…

New Delhi: To raise Rs. 96.74 cr, Chennai-based Khazanchi Jewellers Ltd is coming out with its Initial Public Offer (IPO) of 69,10,000 equity shares of Rs 10 each at a fixed price of Rs 140 per share (with a premium of Rs 130 per share). Khazanchi has set aside 3,46,000 equity shares for the market maker.  It has set aside 50% of the remaining funds for HNIs and 50% for retail investors. The company will utilize Rs 8.62 cr for new showrooms, Rs 20 cr for new showroom inventories, Rs 55 cr for working capital and Rs 12 cr for general…