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The Tarzan Way, an AI-driven travel tech startup, has secured ₹2 crore in seed funding from Inflection Point Ventures to enhance product development, marketing, and operational efficiency. Founded in 2020 by Shikhar Chadha and Shivank Tripathi, the platform offers hyper-personalised travel experiences and has achieved significant growth, with a 300% YoY revenue increase and 70% MoM user growth. The funds will also support the launch of their new "Exploration App," further solidifying their position in the evolving travel industry.
Nio is set to supply batteries to McLaren for its hybrid models, utilizing its in-house developed 4680 large cylindrical battery cells, with small-scale production starting next year. This collaboration is backed by CYVN Holdings, which has invested $3.3 billion in Nio and recently acquired McLaren's automotive business. Nio will also resume R&D on its 46105 battery cells and a 120-kWh battery pack in partnership with Forseven, aiming for mass production in the near future.
Nigerian fintech unicorn Moniepoint is expanding into Kenya after receiving clearance to acquire a 78% stake in Sumac Microfinance Bank. Founded in 2015, Moniepoint supports 10 million users with payments, banking, and credit services, processing $17 billion monthly. The acquisition will enable it to operate in Kenya's banking sector, pending approval from the Central Bank of Kenya.
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Arya.ag has appointed Priyanka Seth Wadhera as its group CFO, effective May 2025, to enhance financial leadership amid significant growth. With over 23 years of experience, she previously led Indifi Technologies to profitability and will support Arya.ag's strategy as it prepares for an IPO by 2027. The company reported a 70% profit increase to Rs 32 crore in FY25, alongside a substantial rise in agricultural loans facilitated, addressing critical financing needs in India's agricultural sector.
HealthKois has launched a $300 million healthcare investment fund aimed at early growth-stage enterprises in India, with a focus on HealthTech, Life Sciences, MedTech, Healthcare Delivery, and Climate Health. The fund plans to invest between $7 million and $25 million per company over the next four years, addressing the funding gap in India's healthcare ecosystem. This initiative aligns with a growing trend of specialized healthcare funds in response to the sector's rapid growth and the need for infrastructure resilience post-pandemic.
Heavenly Desserts, an award-winning UK dessert brand, has signed a pan-India deal with the Bhatia Group. This partnership aims to achieve a vision of Rs 150 crore by 2025, expanding the brand's presence in the Indian market.
Wise, the UK-based money transfer company, is shifting its primary stock listing to the US, creating a dual listing with a secondary presence on the London Stock Exchange. This strategic move, announced in its full-year earnings report, aims to capitalize on the higher valuations and deeper capital pools available in US markets, reflecting a broader trend among companies seeking to bridge valuation gaps between US and UK exchanges.
BBC and Sky executives have raised alarms over government proposals allowing AI firms to use copyrighted content without consent, warning it could harm the £125 billion creative sector. They emphasize the need for urgent protections to safeguard intellectual property, particularly for smaller creators who face greater challenges in defending their rights. The debate highlights a broader conflict between protecting creator rights and fostering technological innovation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
AI travel startup the tarzan way secures 2 crore funding for growth
13:30 06.06.2025
Nio to supply batteries for McLaren's hybrid models starting next year
12:37 06.06.2025
Moniepoint acquires stake in Sumac Microfinance Bank to enter Kenyan market
08:00 06.06.2025
builder.ai files for bankruptcy amid allegations of financial mismanagement and fraud
07:00 06.06.2025
Arya.ag appoints Priyanka Seth Wadhera as new chief financial officer
04:20 06.06.2025
HealthKois launches 300 million dollar fund for Indian healthcare startups
04:10 06.06.2025
heavenly desserts partners with bhatia group for pan-india expansion plan
15:25 05.06.2025
UK power demand surge from data centers threatens 2030 carbon targets
Wise transitions primary stock listing to the United States for growth potential
09:40 05.06.2025
bbc and sky leaders warn of ai copyright risks for creative industries
09:20 05.06.2025
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