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Union Commerce Minister Piyush Goyal's remarks at the Startup Mahakumbh 2025 sparked debate, questioning whether Indian startups are content with low-paying gig jobs. Zepto CEO Aadit Palicha defended the impact of consumer internet companies, highlighting job creation and tax contributions, while emphasizing the need for foundational AI models in India. Aravind Srinivas of Perplexity AI and Aman Gupta of Boat supported Goyal's call for a stronger focus on innovation beyond e-commerce.
Delhi NCR-based snack brand Let’s Try has secured $2.5 million in pre-series A funding led by SWC Global, with participation from Wipro Consumer, 100Unicorns, and others. The funds will enhance distribution in Tier I, II, and III cities, strengthen supply chains, and support new product launches.The healthy snacking sector in India is experiencing rapid growth, projected to reach $4.95 billion by 2032. Let’s Try's focus on in-house manufacturing positions it competitively as consumer demand shifts towards healthier options, reflecting a broader market transformation.
Shri Nitin Gadkari, Union Minister for Road Transport & Highways, will inaugurate the 32nd Convergence India & 10th Smart Cities India Expo 2025 in New Delhi from March 19-21. The event, themed "Imagining an AI-Driven Future Today," will feature over 1,000 exhibitors and 45 conference sessions, showcasing advancements in digital technologies and smart city solutions. With participation from government officials, industry leaders, and startups, the expo aims to foster innovation and collaboration in India's digital landscape.
Boat has appointed ICICI Securities, Goldman Sachs, and Nomura as bankers for its upcoming $300-500 million IPO, aiming for a valuation above $1.5 billion. Despite a 5% revenue dip to Rs 3,285 crore for FY24, the company halved its losses to Rs 70.8 crore and reported positive EBITDA, benefiting from a sales boost during the Diwali season. Founded in 2015, Boat holds a 26.7% market share in India's wearables segment.
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