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Infibeam plans to utilize the proceeds from its INR 700 crore rights issue to enhance its artificial intelligence initiatives. This strategic move aims to strengthen the company's position in the rapidly evolving AI sector.
Wow! Momo has successfully raised INR 85 crore in debt financing from Stride Ventures. This funding will support the company's growth initiatives and expansion plans in the competitive market.
Starlink is set to introduce monthly plans in India priced at ₹3,000. In response to the expanding satellite communication sector, the Indian government has approved a ₹900 crore monitoring center. Additionally, competitors like Amazon-backed Project Kuiper and Globalstar are seeking permissions to enter the market.
Roomstory.ai, India's first AI-powered interior shopping assistant, has secured ₹3 Crores in pre-seed funding led by Rukam Sitara Fund, with participation from Aakash Anand and Wolfpack Labs. The funds will enhance AI capabilities, launch a website and mobile app, and foster a community of interior design enthusiasts. Co-founders Ekatva Jain, Sahil Lunia, and Punit Jain aim to bridge the gap between inspiration and shopping, tapping into a rapidly growing market projected to reach $76 billion in India by 2027.
WearDuds, founded in 2022 by Sikandar Ali, is revolutionizing India's streetwear scene with a focus on organic growth and cultural authenticity, achieving impressive profitability without celebrity endorsements. The brand's joggers, crafted from leftover fabrics, resonate with Gen Z and Gen Alpha, driving significant sales and a projected ₹200 crore revenue by FY26. With a unique blend of legacy craftsmanship and modern design, WearDuds is set to expand into offline retail and international markets, solidifying its position as a leading streetwear label.
Rapido is set to launch a food delivery service in Bengaluru, offering commission rates between 8% and 15%, significantly lower than the 16% to 30% charged by Zomato and Swiggy. The new model includes fixed fees of 25 rupees for orders under 400 rupees and 50 rupees for larger orders, aiming to alleviate financial pressures on small restaurants. This disruptive pricing strategy could reshape India's food delivery market, which is currently dominated by Zomato and Swiggy.
The Reserve Bank of India (RBI) has implemented a 50-basis point rate cut and injected ₹2.5 trillion to stimulate borrowing and capital market activity. This aggressive monetary policy is expected to boost IPO demand, with HDB Financial Services' upcoming offering serving as a key indicator of market response.India's IPO market is already thriving, leading globally by deal count in 2024, and the rate cut aligns with a favorable global IPO recovery trend. However, the effectiveness of this policy will depend on how quickly banks transmit these rate reductions to borrowers, which historically takes time.
Indian fintech firm Decentro has raised $3.5 million in a series B funding round led by InfoEdge Ventures, with plans to relocate its parent entity from Singapore to India within 12 to 18 months. The company, which processes over $5.8 billion in annual payment volumes, focuses on KYC, payment management, and AI-driven debt collection, reflecting a shift towards infrastructure providers in India's maturing fintech landscape. Decentro's profitability and the evolving regulatory environment further support this trend, as the Indian fintech industry is projected to grow significantly by 2025.
Nazara Technologies has successfully completed the acquisition of Smaaash for INR 126 crore. This strategic move enhances Nazara's portfolio in the gaming and entertainment sector, positioning the company for further growth in the industry.
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.
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Infibeam plans to enhance AI initiatives with 700 crore rights issue funds
18:06 10.06.2025
Momo secures 85 crore INR in debt financing from Stride Ventures
13:00 10.06.2025
Starlink to introduce monthly plans in India amid growing satcom investments
08:25 10.06.2025
AI powered interior platform Roomstory.ai secures 3 crores in funding
16:00 09.06.2025
WearDuds Revolutionizes Indian Streetwear with Organic Growth and Cultural Authenticity
13:34 09.06.2025
Rapido disrupts food delivery market with lower commission rates for restaurants
10:50 09.06.2025
RBI rate cut expected to enhance IPO and bond market activity
08:10 09.06.2025
Decentro secures 3.5 million dollars in series B funding to enhance fintech infrastructure
02:30 07.06.2025
Nazara acquires Smaaash for 126 crore rupees in strategic move
22:28 06.06.2025
AI travel startup the tarzan way secures 2 crore funding for growth
13:30 06.06.2025
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