Insight

Prakhar Kasar has been appointed as the new Chief Executive Officer of Hero Vired, the online learning platform owned by the Hero Group.

the Indian space tech sector received $126 million in financing in 2023, a 7 percent increase from the $118 million raised in 2022

Super-app for electric vehicles ElectricPe has secured $3 million in a pre-Series A round anchored by Green Frontier Capital, with the support of its current investors Blume Ventures, Micelio Fund, and NB Ventures.

One 97 Communications Ltd, the parent company of Paytm, a payments and financial services distribution company in India, has introduced the nation's first "Paytm NFC Card Soundbox."

In a significant step to bolster India-Japan people-to-people exchanges, the Japan International Cooperation Agency (JICA) signed a Grant Agreement with the Government of India for “The Project for Human Resource Development Scholarship (JDS)”.

The Series A round of Gnani.ai, a voice-first generative AI firm, has been funded by Info Edge Ventures for Rs 30 crore or approximately $4 million.

Bartronics India Limited has announced a Memorandum of Understanding (MoU) with Bestvantage Investments, a pioneering platform offering secure and transparent access to alternative investments in startups.

Meragi, a wedding services startup, has secured $9.1 million in its Series A round, which was led by Accel.

The beverage startup Latambarcem Brewers (LB Brewers) has secured $1.5 million (Rs 12.5 crore) in a pre-Series A round co-led by SPV, Dhruv Agarwala, Sheba Venture Holdings, and others.

Rapido, a mobility startup that is funded by Swiggy, has achieved unicorn status through a $120 million Series E funding round. WestBridge Capital, the startup's largest investor, has contributed funds through three distinct investment vehicles.