From Delhi startup Partnr digitising India’s unorganised two-wheeler restore ecosystem to Ather CEO Tarun Mehta’s ideas on the deeptech-focused enterprise capital ecosystem, YourStory brings you right now’s headlines with the newest developments throughout sectors.
Featured tales
Digitising native garages: How Partnr is empowering India’s unorganised mechanics
Throughout India, small neighbourhood garages quietly hold the nation’s estimated 27 crore two-wheelers and seven crore four-wheelers shifting. For a budget-conscious automobile proprietor, native mechanics provide a much-needed value reprieve on automobile restore, versus the dearer authorised service centres that think about increased overhead prices and costly elements.
These native workshops are sometimes present in slender lanes in each metros and small cities, manned by a single mechanic with modest instruments and restricted entry to elements. Nonetheless, regardless of being the spine of India’s unorganised automobile service economic system, these workshops usually face a fragmented market, discover it tough to supply spare elements, and are gradual to undertake know-how.
Delhi-based Partnr goals to handle these inefficiencies via its tech platform. Learn extra right here.
Deeptech startups want simpler entry to capital: Ather CEO
Ather Power Co-founder and CEO Tarun Mehta has underscored the capital wants of deeptech startups in India.
At Micelio Mobility’s International Clear Mobility Summit in Bengaluru on Tuesday, Mehta stated funding has been a tough journey for many deeptech, {hardware}, and R&D-heavy startups in India, and India wants to make sure simpler entry to capital for them.
In a fireplace chat with Infosys Co-founder and Axilor Ventures Chairman Kris Gopalakrishnan, Mehta identified that Ather had been fortunate with respect to capital. He stated it was “unbelievable how lucky” the EV maker had been to search out the capital it wanted from the individuals who invested in it. Learn extra right here.
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Newest information
US-based Coinbase doubles down on CoinDCX with new funding
International crypto platform Coinbase on Wednesday stated it’s infusing contemporary capital into Indian crypto trade CoinDCX, at a post-money valuation of $2.45 billion.
In response to CoinDCX, the newly raised funds, that are an extension of its final fundraise, shall be used to boost its product choices, introduce new on-chain use instances for India, and broaden into new markets. Learn extra right here.
Prosus raises stake in ixigo to fifteen% as Peak XV, Elevation Capital ebook positive aspects
International client web group Prosus has elevated its holding to roughly 15% in Le Travenues Know-how, the mother or father of journey platform ixigo, following a mixture of main and secondary share purchases.
MIH Investments One B.V., a Prosus entity, acquired a further stake via an off-market transaction, shopping for shares from early traders Peak XV Companions and Elevation Capital. Prosus purchased round 5.06% of ixigo’s absolutely diluted shares—3.16% from Peak XV and 1.9% from Elevation—for an estimated Rs 620–660 crore.
Funding information
Consuma raises $1.3M in funding led by Equirus InnovateX
AI startup Consuma raised $1.3 million in seed funding led by Equirus InnovateX Fund, in addition to from angel traders, corresponding to Tracxn’s Abhishek Goyal, Flipkart’s Mekin Maheswari, comic Biswa Kalyan Rath, and Titan Capital’s Shiv Kapoor, amongst others.
Based in 2021 by Abhilash Madabhushi, Consuma helps manufacturers derive sooner, deeper insights from digital behaviour knowledge. In lower than six months since its public launch, the startup already works with over 35 international manufacturers, together with Godrej and Britannia.
“In a world of fast commerce the place client expectations evolve in actual time, the shelf lifetime of insights is low. Manufacturers can now not depend on million-dollar analysis initiatives that run into months. Consuma AI’s distinctive group and platform carry that call intelligence into the second. This funding spherical will assist scale sooner, deepen the tech, and allow supply of insights from supply to technique, in minutes, not weeks,” stated Sadhika Agarwal, Equirus InnovateX Fund Principal Officer.
Fragaria Fruits raises $2M in funding led by WEH Ventures
Excessive-tech farming firm Fragaria Fruits raised $2 million in seed funding and mission finance led by WEH Ventures, with participation from Rainmatter, Spiral Ventures, and angel investor SashiKumar, CEO of Akshayakalpa Natural.
The startup will use the brand new funds to scale its operations in Bengaluru to broaden its premium fruit portfolio to blueberries and raspberries. This capital will help Fragaria in offering a year-round provide of high-quality, sustainable produce to the Indian market.
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Issues.AI raises Rs 55 Cr to launch self-learning AI Safety Engineer
AI-native knowledge safety firm Issues.AI raised Rs 55 crore, which it should use to construct an AI Safety Engineer.
In contrast to conventional safety platforms that solely monitor or alert, the AI Safety Engineer is a self-learning system that understands how delicate knowledge behaves, predicts misuse earlier than it occurs, and responds autonomously throughout Cloud, SaaS, Endpoints, and On-Prem environments.
The Rs 42 crore seed spherical was co-led by Kalaari Capital and Endiya Companions, with participation from Higher Capital, Carya Enterprise Companions, and main cybersecurity angels. The sooner Rs 13 crore pre-seed was led by Higher Capital and Carya Enterprise Companions.
Different information
Cisco companions with Social Alpha to launch accelerator programme for agritech startups
Cisco India CSR and enterprise improvement platform Social Alpha partnered to launch Krishi Mangal 3.0—the third version of its flagship accelerator programme for farmer-centric improvements.
The most recent version of Krishi Mangal goals to scale seven startups leveraging the ability of AI, IoT, robotics, and renewables to handle soil degradation, water administration, farm mechanisation, post-harvest losses, and provide chain inefficiencies.
Every startup will deploy its answer with farmers and grassroots companions, backed by non-dilutive funding of as much as Rs 50 lakh. The startups may have the chance to scale throughout a number of states with entry to greater than 200,000 farmers and 150 farmer-producer organisations (FPOs) and have a chance to entry a further non-dilutive funding of as much as Rs 2 crore, facilitated by Social Alpha. They can even have the chance to entry seed funding from Social Alpha and its companions, topic to due diligence.
Deloitte India and OneTrust collaborate to simplify privateness compliance in India
Deloitte India collaborated with privateness know-how firm OneTrust. The collaboration combines Deloitte’s area experience and advisory capabilities on knowledge privateness with OneTrust AI-ready governance platform and automatic privateness options, serving to companies simplify privateness compliance and drive accountable progress.
The collaboration will help companies in reworking compliance from a handbook, resource-intensive process right into a scalable, automated enterprise operate. It should additionally allow companies to strengthen governance and speed up innovation via consent, choice administration, and end-to-end implementation help. By combining international greatest practices with native execution, the alliance permits Indian enterprises to embed privateness into their each day operations.
EaseMyTrip companions with Raipur District Administration to empower youth and increase tourism
Journey tech platform EaseMyTrip signed a memorandum of understanding with the Raipur District Administration.
The partnership will empower native youth with sensible expertise in journey and tourism. As a part of the MoU, EaseMyTrip will present specialised coaching for contributors on digital journey reserving platforms, customer support excellence, native tour guiding, heritage interpretation, and fundamental hospitality.
Giva companions with ClickPost to automate logistics forward of the festive season
Giva partnered with ClickPost to automate its logistics infrastructure to assist strengthen its operations forward of the festive season and help its plan to broaden its retailer community to 350 shops by March 2026.
A key driver for the partnership was the transition from a people-dependent mannequin to a system-driven one. ClickPost’s automation has dramatically lowered the handbook time and effort required to handle logistics, a important benefit as cargo volumes soar. Giva’s group can now handle analytics, billing, and real-time monitoring via a single, intuitive dashboard.
“Partnering with ClickPost was a strategic determination to make sure our logistics capabilities may match our progress ambitions,” says Nikhil Rangari, AVP, Operations at Giva. “The affect on our operational effectivity has been vital. We’ve pushed an over 80% discount within the time our B2B vertical spends on handbook logistics duties. What was a 2-to-3-hour each day technique of coordination on spreadsheets is now a streamlined, automated workflow that takes the group lower than half-hour. That is the kind of effectivity achieve that enables us to deal with our broader progress with confidence.”
Chalet Lodges launches new-age premium Hospitality model ATHIVA
Chalet Lodges launched ATHIVA Lodges and Resorts, a premium hospitality model debuting with over 900 keys throughout six resorts. The model made its debut with the transformation of The Dukes Retreat in Khandala, that includes 147 rooms and 11 suites.
Alongside this property, Chalet has recognized 5 further properties to transition ATHIVA over a time frame, together with a totally renovated enterprise resort in Navi Mumbai, The Resort at Aksa Seashore, a Ok Raheja Corp Group Lodge, and three greenfield initiatives which can be beneath improvement—two in Goa and one in Thiruvananthapuram.
These properties have been designed for the millennial and Gen Z viewers with signature differentiators, together with Breakfast@Anytime, Binge Field that replaces calorie-heavy minibars and Dollops of Pleasure—shock treats woven throughout the keep.
PhysicsWallah companions with BSF to increase instructional help to households of personnel
Edtech agency PhysicsWallah partnered with Border Safety Forces (BSF) to make studying alternatives accessible to households of BSF personnel.
The partnership goals to allow kids and dependents of serving, retired, and martyred personnel to pursue educational targets via structured scholarships and payment waivers.
Below this initiative, dependents of BSF martyrs and personnel who misplaced their lives in service will obtain an entire tuition payment waiver for PW’s on-line and offline programs. For households of serving and retired BSF members, scholarships of 35% on offline programs and 25% on on-line programmes shall be out there.
Eligible candidates can apply for help throughout a number of examination preparation programmes, together with JEE, NEET, UPSC, SSC, Banking, and different aggressive checks supplied via PW’s digital studying platforms and nationwide community of offline centres.
Greaves Electrical Mobility companions with Shriram Inexperienced Finance to broaden retail financing
Greaves Electrical Mobility partnered with Shriram Inexperienced Finance, the EV financing arm of Shriram Finance, to make electrical mobility extra accessible within the nation.
The collaboration will allow prospects to get entry to comfort and versatile retail financing for the EV agency’s vary of electrical three-wheelers and electrical mild business autos.
By this partnership, prospects can profit from loans overlaying as much as 90% of the automobile’s worth, aggressive rates of interest, and tailor-made reimbursement plans designed to fulfill various enterprise necessities.
IIT Bhubaneswar signal MoU with Indian Military’s Simulator Improvement Division
IIT Bhubhaneswar signed a memorandum of understanding with the Simulator Improvement Division (SDD) of the Indian Military to collaborate on superior analysis, coaching, and innovation in Augmented Actuality (AR), Digital Actuality (VR), AI, robotics, and different rising applied sciences.
As a part of the settlement, IIT Bhubaneswar will present educational and analysis help via its VARCOE (Digital and Augmented Actuality Centre of Excellence), whereas SDD will facilitate sensible publicity and collaborative improvement initiatives in defence simulation and know-how prototyping.
The collaboration encompasses short-term coaching and certification programmes, internships for IIT Bhubaneswar’s college students, entry to services, and joint innovation initiatives corresponding to hackathons and ideation challenges.
(This text shall be up to date with the newest information all through the day.)
Edited by Suman Singh
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