Immersive Labs receives Series C funding round of USD 75 million
Cybersecurity training company, Immersive Labs has reportedly closed a Series C round of USD 75 million. This round was initiated by Insight Partners, the company’s new investors, along with Citi Ventures, Menlo Ventures, and current investor G....
Royal Enfield to launch new models in domestic & international markets
Royal Enfield, an Indian motorcycle manufacturing company, is reportedly targeting to unveil an array of new models across the domestic and international markets in the current fiscal year. This upcoming launch will consist of a rich pipeline of prod....
Ocugen pays $15M to Bharat Biotech to extend Covaxin rights in Canada
Ocugen Inc, a biopharmaceutical company, has reportedly announced an upfront payment of $15 million to Bharat Biotech. This transaction is regarding the extension of the rights of Covaxin, a COVID-19 vaccine, to Canada. In addition, the biopharmac....
Tata Digital plans to invest $75 million in CureFit to scale offerings
Tata Digital, an unlisted public company, has recently announced plans to invest over $75 million in a healthcare software provider, CureFit Healthcare Private Limited. Under the recent agreement, Mukesh Bansal, CureFit’s Founder & Chief....
Dettol to replace handwash pack logo with COVID-19 protector stories
Reckitt, the FMCG major which owns Dettol, has reportedly planned to replace its brand logo on hand wash packs with images of Indian COVID protectors and their inspirational stories. The company has initiated this activity under the #DettolSalute cam....
e-Commerce beauty brand Nykaa to go public with $4.5Bn valuation
Nykaa, a beauty, wellness, and fashion products retailer, is reportedly targeting an Initial Public Offering (IPO) with a valuation of $4.5 billion in FY 2021, a hike from its earlier valuation of nearly $3 billion. The significant expansion of th....
Wise allows Indian users to remit money to 44 countries worldwide
Wise, a financial technology company, has recently enabled Indian users to transfer money to 44 countries across the globe, including the UK, the U.S., Singapore, the UAE, and others in the eurozone. As per the RBI’s statistics, India had re....
Thrasio-style Mensa Brands raises Series A funding of USD 50 million
Ananth Narayanan, famous for founding Myntra, has reportedly formed a new company Mensa Brands, based on the model of American digital consumer goods venture Thrasio. Mensa Brands has reportedly raised a Series A funding of USD 50 million from Falcon....
Twitter ceases verification program a week after its relaunch
Twitter has reportedly paused its verification program within just over a week of its relaunch. The company has stated that the number of requests received was more than anticipated, and it will first review requests currently at its disposal, before....
BITS Pilani & IIMA graduates launch $1M fund to support startups
Prateek Behera and Abhishek Sethi, graduates from BITS Pilani (Birla Institute of Technology and Sciences, Pilani) & IIMA (Indian Institute of Management, Ahmedabad), have recently launched a $1 million fund. This fund will be used for supporting....
Koo bags $30 million in Series B funding round led by Tiger Global
Koo, an Indian microblogging and social networking service, has reportedly secured $30 million in a Series B funding round from Tiger Global. The latest funding round also includes participation from other new investors namely Mirae Assets and IIF....
Zeta enters Indian unicorn territory by raising $1.45 bn in valuation
Bengaluru-based banking technology startup, Zeta, has attained unicorn status, as it has reportedly closed $250 million from Softbank Vision Fund II in its Series C funding round, reaching a valuation of $1.45 billion. The deal nearly quadruples the ....
Kia Motors India rebrands as Kia India to offer sustainable solutions
Kia Motors India, a subsidiary of Kia Corporation, has reportedly announced a new corporate name, Kia India. This initiative has been taken as a part of its new brand identity and purpose of ‘Movement that Inspires’. The change in the ....
Domino's India encounters data breach; 18cr user order details leaked
Pizza delivery frontrunner, Domino's India, has reportedly suffered a huge data breach, exposing details of its nearly 18 crore users on the dark web. This breach comes days after a similar attack on Air India, leaking sensitive information, incl....
Oat drink firm Oatly raises $1.4Bn in its U.S. initial public offering
Oatly Group AB, a Swedish oat drink company, has recently raised $1.4 billion in its IPO (initial public offering) in the U.S. The Swedish company is backed by investors such as rapper Jay Z and Howard Schultz, former Starbucks Corp head. In the I....
PhonePe in talks for acquisition of Indian app store Indus OS
Leading Indian Walmart-backed payments services company, PhonePe has reportedly progressed in its plans to take over Indus OS, a Samsung-empowered startup, which manages an eponymous and third-party Android app store. The startup was founded in 2015 ....
Maruti Suzuki-Zydus Hospitals unite to launch multi-specialty hospital
Maruti Suzuki, an Indian automotive manufacturer, has reportedly inaugurated a multi-specialty hospital at Sitapur, Ahmedabad, via a partnership with Zydus Hospitals, a hospital chain in Gujarat. The development cost of the new hospital stands at ....
Reliance Jio to build a global submarine cable system to connect India
Reliance Jio Infocomm, a leading Indian telecommunications company, has reportedly announced that it is planning to construct the world’s most expansive international submarine cable network that would by centered on India. According to repo....
Airtel to introduce new benefits to help its low-income subscribers
Indian telecommunication services frontrunner, Bharti Airtel Limited or Airtel, has reportedly announced its intention to offer special benefits to its low-income customers use its network. Apparently, these benefits are worth approximately ?270 cror....
American Airlines adds stop to two long-haul flights from Charlotte
American Airlines, a major American airline, has recently announced the addition of a stop to 2 long-haul flights from Charlotte, a city in North Carolina. The decision came amid a fuel supply shortage caused by the shutdown of the Colonial Pipeline ....
StuDocu raises $50 million in Series B funding round led by Partech
StuDocu, an Amsterdam-based startup, has reportedly bagged $50 million in a Series B funding round led by the French venture capital, Partech. The recent funding round happened along the heels of the company’s immense growth, which has built a ....