Kalpavriksh Fund, a VC fund managed by Acorn Fund Consultants Pvt Ltd, announces the successful exit from its long-term investment in cross-border D2C beauty and health ayurveda brand - The Ayurveda Experience (TAE) - with over 6x returns.
Paytm, a fintech company headed by Vijay Shekhar Sharma, has formed a strategic partnership with Munich-based FlixBus to transform intercity bus travel in India.
TechFini, a Mumbai-based Fintech startup, has received official sanction from the National Payments Corporation of India (NPCI) to serve as a UPI-based payment infrastructure provider for banks, other financial institutions, and fintech companies.
One of the first commercial companies in the nation to receive permission from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to offer ground stations as a service (GSaaS) is spacetech firm Dhruva Space.
Bhavish Aggarwal, the CEO and creator of Ola, said that high-caliber translation APIs for English to/from Indian languages will be available shortly on the Krutrim cloud for text, speech, and video modalities.
Veteran of the armed services Neil Christopher Castelino has joined the Federation of Indian Fantasy Sports, a self-regulatory organisation for fantasy sports, as chief executive officer.
The industry cloud provider Infor has successfully acquired Acumen, a highly specialised consulting firm focused on revenue growth management, and Albanero, a partner in data transfer and management.