Healthcare unicorn Pristyn Care has undertaken a restructuring exercise, resulting in the reduction of approximately 120 jobs across various teams, as reported by the media. Restructuring Initiative The restructuring initiative aims to position the company for profitability in the financial year 2024-25 (FY25) and eventual public listing in 2027. According to sources cited by Inc42, […]

HiLabs, a provider of AI-driven solutions focused on analyzing raw data to extract meaningful insights and revolutionize healthcare, has secured $39 million in Series B funding. Funding Round Details The Series B funding round, led by Eight Roads Ventures and Denali Growth Partners, along with participation from F-Prime Capital, follows significant adoption of its MCheck™ […]

SuperK, a franchised grocery retail chain catering to small towns, announced on Wednesday that it has secured USD 6 million (approximately Rs 49 crore) in a funding round led by Blume Ventures. The Series A funding round also saw participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, as well as several angel investors and […]

The Indian government has announced an 82 percent increase in funds for the Tea Development and Promotion Scheme, allocating Rs 528.97 crore for the next two financial years. The scheme aims to support the development of enhanced tea varieties to boost production and quality. Objectives of the Scheme Amardeep Singh Bhatia, Additional Secretary in the […]

Godrej Properties, a prominent real estate firm, has achieved a significant milestone by reporting a record sales booking of Rs 22,500 crore in the last financial year. The surge in sales bookings reflects robust consumer demand for residential properties amidst favorable market conditions. Surpassing Industry Peers Godrej Properties’ sales booking figures have surpassed those of […]

Godrej Properties Ltd., a prominent real estate firm, has been aggressively acquiring land parcels to capitalize on the robust housing demand in India. The company’s acquisitions during the current fiscal year have the potential to generate a revenue of approximately Rs 20,000 crore, exceeding its initial guidance. Exceeding Fiscal Targets Managing Director and CEO of […]

Union Minister Nitin Gadkari has set forth an ambitious plan to transition India towards a greener economy by eliminating petrol and diesel vehicles entirely. Gadkari, who serves as the Union Minister for Road Transport and Highways, expressed his determination to achieve this goal, emphasizing its importance for India’s future sustainability. Ambitious Goals Gadkari’s vision aims […]

Oil marketing companies have announced a significant increase in the prices of commercial Liquified Petroleum Gas (LPG) gas cylinders, effective from March 1. The rate of 19 kg commercial LPG gas cylinders has been raised by Rs 25.50, impacting consumers across various metro cities. This revision in prices comes amid ongoing fluctuations in fuel costs […]

In the latest episode of ‘Shark Tank India’ season 3, the indigenous footwear brand ‘Bacca Bucci’ failed to secure investments from the panel of investors. Natwar Agrawal and Anuj Nevatia, the co-founders of Bacca Bucci, presented their pitch seeking Rs 2.5 crores for one percent equity in their brand. Bacca Bucci positions itself as a […]

B2B SaaS fintech firm Perfios has achieved unicorn status in India for the year 2024, securing $80 million in a recent funding round led by Teachers’ Venture Growth (TVG), an investment arm of Ontario Teachers’ Pension Plan. With this latest investment, Perfios now boasts a valuation exceeding $1 billion, according to reports from TechCrunch. The […]