
OYO to Invest $10 Million in G6 Hospitality to Boost Digital Presence
Summary: OYO is investing $10 million (Rs 87 crore) in G6 Hospitality, the operator of Motel 6 and Studio 6, to enhance its digital presence. The investment will focus on expanding the Motel 6 website and My6 app, aiming to quadruple app installs before summer. OYO will leverage advanced digital targeting strategies and its partnerships…

Indian Government to Allocate ₹6,000 Crore for BSNL’s 4G Expansion
Summary: The Indian government is set to allocate ₹6,000 crore to BSNL to accelerate its 4G expansion, enabling the deployment of around 100,000 4G sites nationwide. The funding, reportedly approved at a recent Cabinet meeting, aims to enhance BSNL’s network capacity and competitiveness in the telecom market. This move aligns with the government’s efforts to…

Sam Altman Revises Stance on India’s AI Ambitions, Encourages Leadership in the Field
Summary: Sam Altman, CEO of OpenAI, has revised his stance on India’s AI potential, moving from skepticism to support. Initially calling India’s AI ambitions “totally hopeless” in 2023, he now encourages the country to take a leadership role in the field. Speaking at an event with Union Minister Ashwini Vaishnaw, Altman acknowledged India’s growing tech…

Foodtech Startup Mealawe Secures $1 Million in Funding Led by Shark Tank Founders and Angel Investors.
Summary: Foodtech startup Mealawe, known for its AI-driven personalized meal kits, has raised $1 million in a seed funding round led by a network of Shark Tank founders and angel investors. Founded in 2023, the company aims to simplify meal planning by blending technology with convenience and sustainability. The funding will be used to enhance…

Sharan Hegde’s 1% Club Becomes India’s First Finfluencer-Led Company to Secure SEBI RIA License
Summary: Sharan Hegde’s 1% Club has become the first finfluencer-led company in India to secure a SEBI-registered Investment Adviser (RIA) license. This milestone establishes a new level of credibility for financial influencers in India. The SEBI RIA license allows the 1% Club to offer transparent and unbiased investment advice under regulatory oversight, enhancing trust and…

WeWork Files for IPO with Embassy as Major Shareholder, Offering 4.4 Crore Shares
Summary: WeWork, backed by Embassy, has filed for an IPO with SEBI, offering 4.4 crore shares through an offer-for-sale (OFS) structure. Embassy Buildcon, the largest shareholder with a 73.8% stake, and WeWork Global affiliate 1 Ariel Way Tenant Ltd., holding 22.7%, will sell the shares. The company itself will not raise funds from this IPO,…

Economic Survey 2024-25: Long Work Hours Linked to Health Risks
The Economic Survey for 2024-25 highlighted the detrimental effects of long working hours on health, particularly mental well-being. It emphasized that working more than 60 hours a week could result in adverse health outcomes, with studies showing that spending over 12 hours a day at a desk is linked to mental distress. The Survey cited…

Nike Teams Up with Blinkit for 10-Minute Delivery of Gym Accessories in Delhi NCR
In an exciting new partnership, Nike has teamed up with Blinkit, a leading Indian quick-commerce service, to offer ultra-fast delivery of gym accessories. Customers in Delhi NCR can now get their hands on products like yoga mats, sippers, gym gloves, headbands, wristbands, and towels in just 10 minutes through Blinkit’s service. Albinder Dhindsa, CEO of…

Snabbit Raises $5.5 Million in Series A to Transform On-Demand Home Services in India
Summary: Snabbit, a Mumbai-based startup providing on-demand home services such as cleaning, laundry, and dishwashing, has announced the successful completion of its $5.5 million Series A funding round. The round was led by Elevation Capital, with additional backing from Nexus Venture Partners and prominent angel investors. Launched in 2024 by Aayush Agarwal, Snabbit takes a…

BlueMedix has raised $5 million in a pre-series funding round led by a Dubai-based family fund
Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led by a Dubai-based family fund. With 130 stores across Bihar, Jharkhand, UP, and MP, the company plans to expand nationally, targeting South, West, and Central India. The funding will support geographic growth, the establishment of…