Author: Rahul Mehra
News Editor

New Delhi: In a significant development for India’s environmental sustainability and technology sector, Chakr Innovation, a pioneering startup specializing in pollution reduction solutions, has secured substantial funding of INR 18 crores from the Export-Import Bank of India (EXIM Bank). The funds were sanctioned under EXIM Bank’s Ubharte Sitare Programme (USP), reflecting the institution’s commitment to fostering domestic growth and addressing international demands. Chakr Innovation is an Indian technology startup that places a strong emphasis on environmental sustainability and the reduction of pollution. The company specializes in the production of certified emission control devices for stationary diesel generators, with the goal of…

New Delhi: Mixed Route Juice, a 360-degree content and social agency known for its innovation and ideation with a creative punch, enters into a joint venture with ThinkROI, one of the fastest growing digital media agencies with services panning across Branding, Performance, SEO & Martech.  Through this strategic partnership, Mixed Route Juice and ThinkROI will synergise with each other’s strengths, leveraging capabilities to expand their business, reaching a wider consumer base, and enabling geographical expansion, including India, the US, Singapore & Malaysia.  This partnership will allow Mixed Route Juice & ThinkROI to operate jointly in their sales and marketing activities, executing…

Bengaluru: Nuvepro, a leading provider of Hands on Upskilling, has announced that it has attained Service Organization Control (SOC) 2 Type 2 certification to provide a secure environment for upskilling initiatives in some of the large enterprises in the country.  SOC 2 Certification, in layman’s terms, means that any organisation with this certification is committed to data security, thus helping build trust and credibility with customers and partners. Such a certification has become mandatory in industries or sectors such as healthcare, finance, and technology, where data security and privacy is a major concern. The SOC 2 certification shows that Nuvepro is committed…

New Delhi: Global cloud communications platform Infobip has commissioned the latest market research ‘IDC Infobrief titled Revolutionizing Customer Experience through the Power of Conversational Commerce’*, prepared by the leading IT market research and advisory firm IDC. The report highlights the rising role of AI-powered conversational commerce and omnichannel communication platforms in India and the Asia Pacific region.      Digital Transformation, Reduced Cost & Creation of New Revenue Streams Drive CPaaS Investments in India        The report states conversational commerce is pivotal for brands’ digital strategies to forge stronger connections and deliver enhanced customer interactions. According to the survey findings,…

Bangalore: 82Volt, a leading Electric Vehicle Charging Technology company working with Enterprises, recently announced the appointment of Mr Mohanakrishnan P as Chief Growth Officer. He brings with him an impressive career spanning over 25 years, showcasing expertise in Growth Leadership, Strategic Planning, and Product Management. Prior to joining 82Volt, Mohanakrishnan held a prominent position as the head of Product Management and Growth for Wipro Holmes, an Artificial Intelligence Platform at Wipro and under his adept leadership, the company became a frontrunner in promoting trustworthy AI, emphasising reliability and enhanced fairness in AI-based decision-making processes. Mohanakrishnan’s experience extends beyond business success, as he…

New Delhi: Nirvasa Healthcare, India’s First Multi-Specialty Digital Health Clinic, has achieved a remarkable milestone by achieving 100 crores in Annual Recurring Revenue (ARR) within a short span of 50 months. The company’s exponential growth of 250% in FY23 has revolutionized the digital healthcare landscape in India, setting a new standard for rapid progress in the industry. The Nirvasa journey is a testament to the power of innovation and perseverance. Established in 2019, the company swiftly captured the attention of many by achieving an impressive Annual Recurring Revenue (ARR) of INR 100 Crores in a remarkably short time. Despite the challenges…

New Delhi: Fitspire, a leading brand for vegan health and personal care products, has announced that it has secured an undisclosed amount of funding in a pre-Series A round. The funding was spearheaded by prominent investors such as the founders of LC Nueva, an alternate investment fund, and renowned singer Sukhbir Singh.  Additionally, the Family Office of Jaipurias, represented by Ruchirans Jaipuria and Anuraag Jaipuria, also participated in the funding round.  The recent funding round attracted notable investors such as Ivor Braganza from Next5 Ventures Oman, Dheeraj Jain from Redcliffe London, and existing investors Amit Singhal, Fitspire also previously got invested…

Bengaluru: As the unfortunate turn of events involving 100 residents being taken ill at the Hosa Road situated Mahaveer Ranches apartment in Bengaluru unfolded due to an imminent water contamination issue, DrinkPrime, a Bengaluru-based tech-driven startup and specialist in Water Quality and Safety solutions, stepped up to address the situation. On a mission to ensure sustenance and continued access to safe drinking water, DrinkPrime immediately reached out to its subscribers residing in the apartment to ensure their safety.  Post the undertaking of stringent water quality testing; the following report showed some alarming results.“During the water contamination period, we saw a drop…

New Delhi: Astra, a struggling space firm, has reduced its overall workforce by approximately 25 per cent, including a reduction of nearly 70 employees. The concerned employees primarily supported SG&A, Astra’s launch, and shared services functions. To support the company’s expanding customer base and an order backlog of its spacecraft engines, Astra Space announced a strategic reallocation of its staff from its Launch Services organisation to its Astra Spacecraft Engines Company. Astra last announced 278 cumulative committed orders of The Astra Spacecraft Engine had received 278 cumulative committed orders since its last announcement, representing approximately $77 million of the contract value.…

New Delhi: Shiprocket, India’s leading eCommerce enablement platform, launched a detailed trends report titled “eCommerce in the New Bharat and its Future” today at its flagship event Shiprocket SHIVIR 2023, in New Delhi.       57% of consumers preferred Unified Payments Interface (UPI) as the most preferred ‘prepay’ option       48% of consumers rated fashion & accessories as their most shopped category online, followed by electronics & grocery      Almost 2/3rd (68%) of Indian consumers rely on WhatsApp for tracking their online order status       Shiprocket launched 5 new offerings, Brand Boost 2.0, ONDC, Shipping 2.0, Shiprocket Engage+ WhatsApp Suite, and…