Insight

Umwelt.AI, a premier provider of AI-powered employee experience management and people analytics solutions, is pleased to announce the appointment of Sunil Joshi as Chief Operating Officer & Co-Founder.

Zomato, a food delivery company headquartered in Gurugram, has discontinued its hyperlocal goods distribution service, 'Xtreme', due to insufficient demand.

Lobb, a digital goods brokerage platform headquartered in Bengaluru, has secured $2.9 million in a financing round that was spearheaded by a number of distinguished investors, including Rajesh Voddiraju and Sharada Nandakumar, the CEO of Voya India.

Rajan Anandan, the managing director of venture capital firm Peak XV Partners, disclosed on Thursday that the firm has "approximately Rs 16,000 crores of dry powder" readily available for investment in businesses.

Let's Try, a direct-to-consumer (D2C) snacks brand, has received an undisclosed sum of funding in a round sponsored by Wipro Consumer Care Ventures, the venture capital arm of Wipro Consumer Care & Lighting.

AstraZeneca India Private Limited disclosed a $30 million (Rs 250 crore) investment to enhance its Global Innovation and Technology Centre (GITC) in Tamil Nadu.

Agritech startup Arya.ag has secured an estimated Rs 242.36 crore ($29.2 million) in funding from its current investors. It is the organization's initial investment round since January 2022, which is situated in Noida.

Zepto Revolutionises Delivery Partner Experience with Reverie’s Localisation Technology.

inDrive, a global mobility and urban services company, has partnered with Evera Cabs, an all-electric transportation service in India, to introduce a fleet of electric vehicles (EVs) that are exclusively designed for female drivers.

Fabrito, a B2B fabric marketplace and procurement platform, has received funding from Green Trunk Ventures and Maninder Gulati, an angel investor at OYO, among other sources.