Meituan Offloads Over $200 Million Stake in Swiggy as IPO Nears
Chinese food delivery giant Meituan has offloaded a significant portion of its stake in Swiggy, India’s leading food delivery and convenience services platform, through a secondary transaction valued between $200-$220 million, according to sources familiar with the deal. Meituan initially invested in Swiggy in 2018, with additional participation in a subsequent funding round in 2020. […]
Ixigo to Acquire Majority Stake in Train Food Delivery Service Zoop, Enhancing Rail Travel Experience.
Travel booking giant Ixigo is poised to acquire a 51% stake in Zoop Web Services Private Limited, a popular e-catering service for rail passengers in India. The acquisition, approved by Ixigo’s board on October 24, 2024, involves a transaction valued at Rs 12.54 crore, including a non-compete agreement. Subject to regulatory conditions, the deal will […]
D2C Insider Fuels Growth of Early-Stage Brands, Invests in The Paan Legacy, Hemptyful, and Polr.Care
D2C Insider, India’s prominent networking community for the direct-to-consumer (D2C) ecosystem, has announced investments of up to Rs 1 crore each in three promising startups: The Paan Legacy, Hemptyful, and Polr.Care. These brands, known for their unique product offerings in consumer goods, received this boost as part of D2C Insider’s latest “Elevate Cohort 2 Demo […]
SevaHUB: Pioneering India’s First Video-based B2B2C Marketplace Advertisement Platform
Introduction: In the rapidly evolving digital marketplace landscape, SevaHUB has emerged as a pioneering force, carving out a niche as India’s first video-based B2B2C marketplace advertisement platform. Founded with a mission aligned with the principles of Aatmanirbhar Bharat (self-reliant India), SevaHUB aims to bridge the gap between buyers and suppliers by providing businesses with a […]
Esri India Develops Monitoring Application to Aid Cyclone Dana Mitigation Efforts
New Delhi–October 25, 2024: Cyclone Dana is forming over the Bay of Bengal, with a low-pressure system expected to intensify into a depression by October 24, 2024. This cyclone is projected to bring heavy rainfall to regions such as Odisha, southern West Bengal, and nearby coastal areas, with landfall anticipated between October 24 and 26, and […]
Healthify Secures $20M to Expand Global Reach, Targets US Market with AI-Enhanced Health Solutions
Health and fitness platform Healthify (formerly HealthifyMe) has secured an additional $20 million in funding, marking the latest tranche of its $45 million equity round. This investment was spearheaded by existing backers Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital, the family office of Dr. Ranjan Pai, a prominent figure in Indian […]
Government Greenlights Rs 1,000 Crore Venture Fund to Propel India’s Space Startup Ecosystem.
In a significant move to fuel India’s private space sector, the Union Cabinet has approved a dedicated Rs 1,000 crore Venture Capital Fund aimed at supporting innovative space tech startups across the country. This fund, expected to benefit around 40 startups, aligns with the government’s vision to strengthen India’s footprint in the global space industry […]
Qila partners with Blocktech Brew to accelerate Web3 adoption across industries
As leaders in blockchain innovation, this partnership will help accelerate the adoption of Web3 across sectors like finance, healthcare, etc Business interactions with blockchain will become more efficient, scalable, and secure via partnership Partnership positions both the companies in an ideal position to capture more market share and customers. Mumbai, October 25, 2024: With an aim […]
NG Earsafe raises INR 1.06 Crore in Seed Round led by Inflection Point Ventures
NG EarSafe is India’s first ENT-certified premium brand offering open-ear headphone technology for a unique audio experience. The funds will be utilized for brand and category awareness, expanding reach, and developing new products. NG EarSafe was recognized as a Gokwik Dynamic Disruptor brand in 2024, was a finalist at the Retail Startup Awards in 2022 […]
SecureDapp launches SecureWatch, a real-time threat detection tool, to tackle rising cyber threats in blockchain
The tool is designed to provide security for sectors including financial services, supply chains, healthcare, insurance, and real estate. Blockchain industry to grow at a compound annual growth rate (CAGR) of 87.7% by 2030 Bengaluru, 24th October 2024: SecureDapp, a leading blockchain security platform, has launched SecureWatch, a real-time threat detection and mitigation tool designed to […]
