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Dronetech Startup Raphe mPhibr Secures $100 Mn

India, June 26 -- Noida-based drone startup Raphe mPhibr has raised $100 Mn (around INR 857 Cr) in a funding round led by General Catalyst, marking the largest private capital raise in the country's a... Read More


Airtel's AI System Safeguards 3.5 Mn Users In Delhi

India, June 26 -- Telecom operator Bharti Airtel said that it has safeguarded more than 3.5 Mn users in Delhi from cyber threats through its advanced fraud-detection system. Airtel's system available... Read More


Govt Disburses Over INR 21.5 Cr Under PLI Schemes

India, June 26 -- The government has disbursed INR 21,534 Cr under Production Linked Incentive (PLI) scheme across 12 sectors, including large-scale electronics manufacturing (LSEM), IT hardware, bulk... Read More


Former Swiggy Executive's Trading Startup Bags $10.5 Mn

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


Trading Platform Sahi Bags $10.5 Mn From Accel, Elevation

India, June 25 -- Trading platform Sahi has raised $10.5 Mn (around INR 90 Cr) in a Series A funding round co-led by existing investors Accel and Elevation Capital. With the fresh funds, the startup ... Read More


ITC Pulls The Plug On Its Online Store

India, June 25 -- FMCG giant ITC has discontinued the operations of its online store, nearly five years after launching the digital marketplace. Launched at the height of Covid-19 pandemic in Novembe... Read More


AuraML Nets Funding To Build Generative Simulation Platform For Robotics

India, June 25 -- Deeptech startup AuraML has raised $1 Mn (around INR 8.6 Cr) in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network and ot... Read More


Mirae Asset India VC Arm CEO Ashish Dave Steps Down

India, June 24 -- Ashish Dave, the chief executive officer of Mirae Asset Venture Investments (India), has stepped down from his role after a seven-year stint. Confirming Dave's resignation, sources ... Read More


Meesho Completes Reverse Flip To India: Report

India, June 23 -- Ecommerce major Meesho has reportedly concluded its reverse flip, shifting its domicile to India from the US. Last month, the company received approval from National Company Law Tri... Read More


Govt To Offer 100% Compute Subsidy To Sarvam, Others For Foundational Models: Report

India, June 23 -- In an effort to ramp up India's artificial intelligence capabilities, the Centre is reportedly offering a100% subsidy on compute infrastructure costs to Sarvam AI and other companies... Read More