Startup News

Despite a tough funding environment, IPV said its exits show its focus on backing scalable startups. Over the past five years, it has exited 47 startups from a portfolio of 200+.

The selected startups will receive mentorship and incubation support through K-Tech Hubs and Centres of Excellence.

The fund will invest in startups in consumer tech, fintech, food and beverage, AI and global SaaS, according to the VC firm.

The fund plans to invest in 4-5 startups each year, with investments between $250k and $750k. The main focus areas will be AI, SaaS, and consumer tech.

As announced by Union Minister Amit Shah in Parliament, the service will register two-wheeler taxis, rickshaws and four-wheelers. Unlike private companies, all profits will go directly to drivers instead of corporations.

This acquisition will strengthen Jumbotail’s presence in the B2B marketplace and expand its reach in apparel, home furnishings, footwear and toys segment.

The investment will be made in multiple installments over the next 12 months, as stated by FirstCry.

Zaggle said this move will strengthen its position in spend management and the SaaS fintech sector. Last year, Zaggle acquired a 26% stake in Mobileware (now known as 86400) for Rs 15.6 crore.

The investment will be spread over five years: Rs 150 crore in 2025-26, Rs 250 crore each for the next three years, and Rs 100 crore in 2029-30.

Co-founder and CEO Akash Gupta said that the layoffs were part of a "rationalization" process aimed at improving efficiency, growth, and profitability.