“Ola Company Expands To 4,000 Stores, Launches S1 Pro Sona Edition”
Ola Electric, a leading electric vehicle startup, has announced its ambitious plan to expand its presence across India. The company will be opening 3200 new stores, aiming to make its electric scooters accessible to more people, especially in smaller cities and towns. Additionally, Ola plans to increase its existing showroom and service center network to […]
“Deeptech Startup Company Proxgy Onboards Ajinkya Rahane As Investor”
Delhi-NCR-based deeptech startup Proxgy has recently raised new capital as part of its ongoing INR 25.6 crore Series A funding round. Among the notable investors is Indian cricketer Ajinkya Rahane, who has joined hands with other prominent participants to back this innovative venture. Series A Funding Round The funding round also saw participation from Nikhil […]
“IndiQube’s Loss Widens By 72% To INR 341.5 Cr In FY24 Ahead Of IPO Plans”
Coworking space startup IndiQube, which is preparing for an Initial Public Offering (IPO), reported a significant increase in its net loss for the financial year 2023-24. The company’s net loss surged by 72% to ₹341.51 crore compared to ₹198.10 crore in the previous year. The primary reason cited for this loss is a rapid increase […]
“FRAI Urges Centre To Provide Tech Platform For Retailers To Compete With Q-Commerce Giants”
The Federation of Retailer Association of India (FRAI) has urged the government to establish an “advanced technology platform” to empower retail stores in combating the growing dominance of quick commerce platforms like Swiggy Instamart, Blinkit, and Zepto. FRAI emphasized that such a solution would help small and local kirana stores remain competitive amidst the increasing […]
“Flush With Funds, Zaggle Plans 3 Acquisitions By March 2025”
Fintech SaaS company Zaggle has successfully raised approximately INR 592 crore this week through Qualified Institutional Placement (QIP). This significant capital infusion will enable Zaggle to enhance its product offerings and drive topline growth. The company has also set its sights on acquiring three additional investors or businesses by March 2025 to further bolster its […]
“Naxatra Labs Secures Seed Funding To Revolutionize EV Motor Technology”
Electric Vehicle (EV) technology startup Naxatra Labs has raised an undisclosed amount in its seed funding round, co-led by GVFL, Delhivery founder Mohit Tandon, and Aspiring Minds founder Himanshu Aggarwal. The announcement was made by Naxatra’s co-founder Abhilash Maurya through a LinkedIn post. Big Funding Round Maurya revealed that this major funding round also saw […]