Automotive manufacturer, Ashok Leyland, is reportedly pursuing an electric vehicle strategy involving partnerships with tech startups and huge investments in R&D. The strategy will go hand in hand with the company exercising fiscal discipline by reigning in CAPEX spending while redirecting and increasing its focus on its electric vehicle platforms for domestics as well as […]

The US Embassy announced the launch of the Nexus Startup Hub at the American Centre in New Delhi. The initiative aims to foster the startup ecosystem in India and bring the best American practices in entrepreneurship and incubation. Since its inauguration, 20 startups have completed the 10-week pre-incubation programme and of these, nine startups have […]

Health and fitness tracking platform, HealthifyMe announced that it has raised $12 million in a Series B funding round led by Sistema Asia Fund, which is the India focused fund of the Russian conglomerate. Additionally, the round saw participation from prominent new investors like Silicon Valley based Samsung NEXT; Singapore based Atlas Asset Management and […]

Indian food delivery giant, Swiggy announced that it has raised $100 million in Series F funding. The round was Swiggy’s largest one yet and was led by the South African media giant, Naspers. It also saw participation from a new investor, Meituan Dianping, which is China’s largest e-commerce platform. The round has finally put an […]

Noida-based student housing startup, Placio, announced that it has raised $2 million in a pre-series A funding round from Singapore-based private equity fund, Prestellar Ventures. The company plans to use the funds to provide a finer student living experience in India and South East Asia. According to ET, the startup will also leverage on the […]