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Summary: The Indian government is set to allocate â‚ą6,000 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…
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…
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…
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…
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,…
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…
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…
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…
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…
Summary: Kisaan Say, India’s first cross-category direct-from-origin food brand, has raised $2 million in a pre-seed funding round led by Jungle Ventures via its First Cheque@Jungle platform, with participation from senior food industry leaders. Co-founded by Nitin Puri, Manoj Karki, and Vaishali Mehta, the brand partners with 20 farmer collectives, benefiting over 50,000 farmers. KisaanSay…