Unity in Adversity: Political Leaders Across Party Lines Extend Support to Jaspreet

Unity in Adversity: Political Leaders Across Party Lines Extend Support to Jaspreet

Summary Industrialist Anand Mahindra extended support to 10-year-old Jaspreet from Delhi, who took over his father’s street-side stall after his demise. A viral video showcased Jaspreet’s resilience, prompting Mahindra to offer assistance for Jaspreet’s education. Jaspreet’s culinary skills, coupled with his resolve, garnered widespread admiration and support from political leaders and the community. His story…

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Highlights- Lyskraft, a new women's apparel venture founded by industry veterans Mukesh Bansal and Mohit Gupta, secures $26 million in seed funding

Lyskraft – women’s apparel venture founded by industry veterans Mukesh Bansal and Mohit Gupta secures $26 million in seed funding

Highlights: Lyskraft, a new venture in the women’s apparel sector founded by industry veterans Mukesh Bansal and Mohit Gupta, has recently secured a significant seed funding round of $26 million, with Peak XV Ventures leading the investment. The Gurugram-based omnichannel fashion and lifestyle platform attracted investments not only from Peak XV Partners but also from…

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Northern Arc Secures $80 Million Funding from IFC: Fueling Financial Inclusion and Expansion

Northern Arc Secures $80 Million Funding from IFC: Fueling Financial Inclusion and Expansion

Summary Northern Arc, a prominent non-banking financial company (NBFC), has received a substantial $80 million investment from the International Finance Corporation (IFC), a member of the World Bank Group. This funding, comprising both debt and equity components, marks a significant milestone for Northern Arc, empowering its mission to expand services and improve credit access across…

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Saudi Aramco's Venture into Indian Start-ups: A Strategic Move

Saudi Aramco’s Venture into Indian Start-ups: A Strategic Move

Summary Saudi Aramco’s venture capital arm, Prosperity7 Ventures, plans to invest between USD 200 million and USD 350 million in Indian start-ups, recognizing the country’s vibrant entrepreneurial ecosystem. With a focus on early-stage companies across various sectors, Prosperity7 Ventures aims to leverage India’s growing appeal to global investors. This strategic move is expected to drive…

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LetsTransport Secures $22 Million in Series E Funding Round

LetsTransport Secures $22 Million in Series E Funding Round

Summary LetsTransport, a key player in urban logistics, has successfully raised $22 million in its Series E funding round. Led by Bertelsmann India Investments (BII) with a $16 million investment, the round also saw participation from other notable investors. This funding will bolster LetsTransport’s expansion plans, focusing on market presence, scaling business verticals, and moving…

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Ritesh Agarwal Champions India's Business Potential

Ritesh Agarwal Champions India’s Business Potential

Summary Ritesh Agarwal, CEO of OYO Rooms, urges global companies to consider India for expansion, emphasizing its favorable business environment and evolving status as a global business hub. He highlights India’s transition from a ‘back office’ to a ‘talent capital’ and warns against overlooking India in expansion strategies. OYO’s financial success underscores Agarwal’s advocacy, with…

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BluWheelz Secures $1 Million in Bridge Funding for EV Logistics Expansion

BluWheelz Secures $1 Million in Bridge Funding for EV Logistics Expansion

Summary BluWheelz, a tech-driven delivery startup specializing in electric vehicle (EV) logistics, has secured $1 million in bridge funding from Venture Catalysts and other key investors. The funding aims to expand BluWheelz’s exclusive EV fleet and drive its innovative logistics solutions across India. With a focus on sustainability, BluWheelz plans to introduce 6-wheelers into its…

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Indian Snacks Brand Adukale Secures Rs 11 Crore in Pre-Series A Funding Round

Highlights Adukale, a direct-to-consumer (D2C) snacks brand based in India, has successfully raised Rs 11 crore (approximately $1.3 million) in a pre-Series A funding round. The funding was led by Force Ventures, with participation from Aanya Ventures and notable angel investors including Subrata Mitra and Radhika Pandit. Enhancing Manufacturing and Expansion Plans The primary objective…

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Nikhil Kamath's Initiative to Support Young Innovators Unveiled

Nikhil Kamath’s Initiative to Support Young Innovators Unveiled

Summary Nikhil Kamath, co-founder of Zerodha, has launched the WTFund, a pioneering initiative aimed at supporting young entrepreneurs aged 25 and under. The fund offers a non-dilutive grant of Rs 20 lakh, mentorship pods, community access, GTM studio, beta testing, talent acquisition avenues, and more. Kamath expressed his vision for cultivating a culture of risk-taking…

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