Author: Umamaheswari
CEO Deepinder Goyal, Wife Grecia Munoz, and Blinkit CEO Albinder Dhindsa Cut Cake with Students and Delivery PartnerIntroduction:On its 16th anniversary, food delivery giant Zomato marked the milestone by giving back to the community. CEO Deepinder Goyal, along with his wife Grecia Munoz and Blinkit CEO Albinder Dhindsa, visited Vidya School in Gurgaon, a school supported by Zomato’s Feeding India initiative. They celebrated by cutting a cake with the students and a Zomato delivery partner, highlighting the company’s commitment to social responsibility.Founded in 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato has grown from a small startup to a leading…
Introduction:In the bustling tech hub of Bangalore, a young engineer-turned-teacher named Byju Raveendran had a vision: to revolutionize education through technology. His startup, Byju’s, quickly became the poster child of India’s booming edtech industry, attracting millions of users and billions in funding.Byju Raveendran’s journey began in 2011 when he founded Think and Learn Pvt. Ltd. Initially offering offline test preparation classes, Byju recognized the potential of online learning early on. In 2015, the company launched its flagship product – the Byju’s Learning App. With its engaging video lessons and interactive content, the app quickly gained traction among students and parents…
Chinese tech giant sets ambitious growth target as it celebrates 10 years in the Indian market, signaling continued commitment despite regulatory challengesIntroduction:Xiaomi, the Chinese smartphone and electronics manufacturer, has announced plans to significantly expand its presence in India over the next decade. As the company marks its 10th anniversary in the country, it has set an ambitious target to double its device shipments to 700 million units by 2034. This bold move comes despite recent regulatory scrutiny faced by Chinese tech firms in India and underscores the importance of the Indian market in Xiaomi’s global strategy.Muralikrishnan B, President of Xiaomi…
Mumbai-based startup aims to revolutionize wealth management for high-net-worth individuals, signaling growing investor confidence in India’s fintech landscapeIntroduction:In a significant development for India’s wealthtech sector, Mumbai-based startup Dezerv has successfully raised $32 million (approximately Rs 265 crore) in a Series B funding round. This substantial investment, led by Premji Invest, comes at a time when many startups are struggling to secure funding, particularly in the wealth management space. The funding round not only bolsters Dezerv’s position in the market but also highlights the growing potential of technology-driven financial services in India.Founded in 2021 by Sandeep Jethwani and his team, Dezerv…
Leading online furniture retailer shelves public listing plans after engaging bankers, aims to reignite revenue growth and trim losses in current fiscal yearIntroduction:Online furniture and home goods major Pepperfry has put its initial public offering (IPO) on the back burner in order to zero in on accelerating growth and achieving profitability, founder and CEO Ashish Shah told The Economic Times. The Mumbai-based startup, which had been gearing up to go public since early 2022, will instead prioritize boosting its top line by 10-15% in the current financial year ending March 2024.”We have postponed our IPO plans for the time being.…
Leading beauty and fashion e-commerce platform starts fiscal year on strong footing, introduces vertical-wise segmental reportingIntroduction:FSN E-Commerce Ventures Ltd, the parent company of popular beauty and fashion e-commerce platform Nykaa, has projected an impressive 22-23% year-over-year revenue growth for the first quarter of fiscal year 2025. The company also expects its consolidated Gross Merchandise Value (GMV) to increase by a strong mid-twenties percentage compared to the same quarter last year.Starting this quarter, Nykaa is introducing separate segmental reporting for its key business verticals – Beauty and Fashion. The Beauty segment includes the Nykaa online beauty platform, Nykaa-owned beauty brands, physical…
Introduction:In the dynamic world of consumer electronics, few companies have made as big of a splash as Boat Lifestyle. Founded in 2016 by Aman Gupta and Sameer Mehta, this Indian startup has rapidly ascended to become the country’s leading brand for trendy, high-quality audio products at affordable prices. Boat’s journey is a testament to the power of innovative design, customer-centric focus, and unwavering determination in the face of challenges.The Story:It all began when music aficionados Aman Gupta and Sameer Mehta identified a gap in the Indian market for stylish, well-crafted audio gear that wouldn’t break the bank. Having cut their…
Funding from BIRAC Leap programme to fuel Gocarin’s mission of empowering farmers with cutting-edge agritech solutionsIntroduction:In a significant boost to India’s burgeoning agritech sector, Gocarin Industries has successfully raised ₹49 lakh in a seed funding round led by the KIIT Technology Business Incubator (KIIT TBI). The funding, which comes under the prestigious BIRAC Leap programme, is part of the central government’s broader initiative to support innovative startups and strengthen the entrepreneurial ecosystem in India.Gocarin Industries has been at the forefront of providing pioneering solutions to farmers, leveraging technology to enhance agricultural productivity and sustainability. With this infusion of capital, the…
Move to Ola Maps Projected to Save Ride-Hailing Giant Rs 100 Crore Annually, Signals Growing Tech IndependenceIntroduction:In a significant move, ride-hailing major Ola Cabs has completely shifted from using Google Maps to its own proprietary mapping system, Ola Maps, for its operations. The transition, which comes on the heels of Ola ending its partnership with Microsoft Azure last month, is expected to save the company around Rs 100 crore per year.The shift underscores Ola’s increasing focus on developing in-house technology capabilities and reducing reliance on third-party providers. It also highlights the growing trend among larger Indian startups to build their…
Introduction:In the dynamic landscape of India’s financial sector, one name stands tall – Zerodha. Founded by the visionary entrepreneur Nithin Kamath, Zerodha has revolutionized the trading industry with its innovative approach and unwavering commitment to empowering investors. This is the remarkable story of how one man’s determination and foresight transformed a humble startup into India’s largest brokerage firm.The Journey Begins:Nithin Kamath’s entrepreneurial journey began at a young age, driven by his passion for trading. “I started trading when I was just 17,” Nithin recalls. “Managing my father’s trading account gave me hands-on experience and a deep understanding of the market’s…