Justdial’s Comprehensive Report on the Transformation of India’s Search Landscape in 2023
Justdial, a leading digital platform in India, has recently published a comprehensive report on the transformation of India’s search landscape in 2023. The report analyzes the online search habits of Indians across different categories, city tiers, and temporal factors. The report reveals the diverse interests and needs of the Indian population and the opportunities for […]
Slurrp Farm Secures $7.2 Million Funding with Support from Anushka Sharma
Slurrp Farm, a direct-to-consumer (D2C) snack brand for children, has raised around Rs 60 crore ($7.2 million) in a funding round led by Alkemi Growth Capital and Narotam Sekhsaria’s family office. The round also saw participation from existing investors Fireside Ventures and Raed Ventures, as well as Sharrp Ventures, the investment arm of Marico’s Mariwala […]
Government Postpones $600 Million Top-Up of Strategic Oil Reserve Amid Market Volatility
In a recent development that has significant implications for global oil markets, the government has postponed a $600 million top-up of its strategic oil reserve. This decision comes amid ongoing market volatility and a complex backdrop of international and economic factors influencing oil prices and supply. Market Context and Volatility Oil prices have experienced a […]
PepsiCo Granted Permission to Pursue Patent for Exclusive Lay’s Potato Variety
Delhi High Court overturns previous order revoking patent The Delhi High Court on Tuesday overturned a previous decision and ruled in favour of PepsiCo, allowing the company to claim a patent for the potato variety exclusively grown for its Lay’s potato chips. A division bench set aside a July 2023 order that had upheld the […]
India’s Stand Against Dumping: Imposes Five-Year Duty on Three Chinese Products
India has taken a strong stand against dumping of cheap imports from China by imposing anti-dumping duties on three Chinese products for five years. The products are wheel loaders, gypsum tiles, and industrial laser machinery. These products are used in various sectors such as construction, interior decoration, and manufacturing. Wheel Loaders Wheel loaders are heavy […]
First-of-its-kind in India, Cathode Active Material Manufacturer Altmin Announces $100 Million Investment Outlay
Hyderabad-based Altmin Private Limited, the pioneer in manufacturing of cathode active material for lithium-ion batteries in India, has announced an overall investment outlay of $100 million over the next five years. The company successfully secured growth capital from a prominent Indian family office, renowned as a leading manufacturer of iron phosphate and other precursors in […]
Banks Disburse Nearly Rs 70,000 Crore MSME Loans Under PSB 59-Minute Loan Scheme
Scheme Overview The PSB 59-minute loan scheme is a government initiative launched in November 2018 to provide quick and easy credit access to micro, small and medium enterprises (MSMEs). The scheme offers in-principle bank approval for collateral-free term loans or working capital loans for MSMEs from Rs 10 lakh to Rs 5 crore under the […]
BluSmart Mobility Unveils ‘Rush Hour’ Pricing in Revised Fee Structure
What is BluSmart Mobility? BluSmart Mobility is an Indian ride-sharing company that offers 100% electric, sustainable and reliable mobility solutions. The company was founded in 2019 by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi, and operates in Gurugram, Delhi and Bengaluru. BluSmart’s fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata […]
Toothsi’s Parent Firm MakeO Raises $16 Mn in New Investment Round
MakeO, the parent company of dental tech startup Toothsi and skincare brand Skinnsi, has raised $16 million in a new funding round led by 360 ONE Asset and the investment office of Ashish Kacholia, a public markets investor . The round also saw participation from existing investors Eight Roads Ventures, Paramark Ventures, and the family […]
Akshayakalpa Raises $12 Mn in New Funding Round Led by A91 Partners
Akshayakalpa Organic, a Bengaluru-based startup that specializes in organic dairy products, has raised $12.8 million in its Series C funding round led by A91 Partners. The funding comes after a gap of 16 months for the company, which claims to supply organic milk and related products to over 65,000 consumers daily in three cities. Investment […]