“Ola Electric Shares Surge 6% Amid Store Expansion And New E-Scooter Launch”
On December 26, Ola Electric witnessed a significant milestone as its stock surged by over 6% in the initial hours of trading. This remarkable growth highlights the burgeoning success of the electronic vehicle startup, under the leadership of Bhavish Aggarwal. Ola Electric Achievement Motivated by its achievements, Ola Electric has announced the opening of 3,200 […]
“India Surpasses 73,000 Startups, Highlights Inclusion Of Women Directors: Govt. Report”
The Ministry of Commerce and Industry recently highlighted the growing role of women in India’s vibrant startup ecosystem. According to the ministry’s statement, India is home to over 73,000 startups with at least one woman director. These startups form a significant part of the 1,57,066 ventures recognized under the Startup India initiative. This statistic underscores […]
“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 […]