Author: preethy
Pully-based SolidWatts has secured €850k in pre-Seed funding to accelerate its groundbreaking industrial heating technology, marking a significant step towards sustainable manufacturing. The investment, led by Evercurious VC, signals growing investor interest in clean energy solutions that can dramatically reduce global carbon emissions.Co-founded in 2022 by Dr. Markus Aicheler and Dr. Jan W. Kovermann, SolidWatts aims to transform industrial heating through advanced solid-state Radio Frequency (RF) technology. Their innovative approach addresses critical challenges in traditional industrial heating processes, offering a more efficient and environmentally friendly alternative.Technology and ImpactSolidWatts’ technology represents a leap forward in dielectric heating, achieving over 85% energy…
In a significant milestone for the Italian startup ecosystem, Milan-based fintech company Qomodo has raised €13.5 million in Series A funding, signaling a major leap forward in digital payment technologies for physical merchants. The round, co-led by RTP Global and LMDV Capital, marks a pivotal moment for the young company that has rapidly gained traction in transforming payment experiences.Founded in 2023 by entrepreneurs Gianluca Cocco and Gaetano De Maio, Qomodo has quickly emerged as a promising player in the fintech landscape, offering an all-in-one smart payment solution designed to empower small and micro businesses. With a current team of 50…
FSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, has announced the allotment of 473,000 equity shares under its Employee Stock Option Plan (ESOP), marking its second significant stock option grant within a month. This strategic move comes as the company strengthens its position in the competitive beauty and fashion e-commerce space while expanding its international footprint.The latest ESOP allotment follows a previous grant of 405,000 stock options earlier this month, demonstrating the company’s commitment to retaining top talent and aligning employee interests with organizational growth. According to the company’s exchange filing, these newly allotted equity shares…
In a significant move that underscores India’s growing digital infrastructure needs, Sify Technologies has announced plans to invest ₹3,000 crore over the next five years to expand its data centre operations. The company aims to more than triple its current capacity of 100 Mw to 350 Mw, positioning itself as a major player in India’s rapidly evolving digital landscape.The expansion initiative includes three greenfield data centre projects currently under construction, with a combined design capacity of approximately 200 Mw. The first facility, boasting 38 Mw capacity, is scheduled to begin operations in October 2024, while two additional centers in Noida…
Paytm (One 97 Communications), India’s leading digital payments platform, is expected to report wider losses and a significant revenue decline in its Q3FY25 earnings announcement scheduled for January 20, 2025. The company’s performance has particular significance for Tamil Nadu’s fintech landscape, where Paytm has been expanding its merchant base.According to Bloomberg estimates, Paytm’s revenue is projected to decline by 34.4% year-on-year to Rs 1,868.4 crore, compared to Rs 2,850.5 crore in the previous year. However, a sequential improvement of 10.8% from the previous quarter suggests some stabilization in the company’s operations.The anticipated net loss of Rs 35.05 crore for Q3FY25…