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 […]
The Competition Commission of India (CCI) has been granted expanded jurisdiction to levy fines on companies for violations, based on their global turnover. The amended competition norms, notified by the government, empower the CCI to impose penalties considering a company’s global turnover, rather than solely focusing on turnover from specific business segments where violations occur. […]
Mercedes-Benz, the renowned German carmaker, foresees India emerging as its third-largest market within the ‘Region Overseas’ in the next 2-3 years. This projection is rooted in the sustained demand for luxury automobiles, as indicated by a senior executive of the company. The ‘Region Overseas’ encompasses 118 countries, excluding North America, Europe, and China, and India […]
The electric vehicle (EV) market in India witnessed remarkable growth in 2023, nearly doubling its sales compared to the previous year, despite a modest 10% increase in overall passenger vehicle sales. According to a report by Counterpoint Research, EV sales surged in 2023, constituting 2% of the total passenger vehicle sales. This surge can be […]
The electric vehicle (EV) revolution is rapidly reshaping the automotive industry worldwide. In both the United States and India, EV adoption rates are on the rise, driven by increasing consumer interest and a shift towards environmentally friendly transportation alternatives. Growing Presence of EVs in India Indian automakers, including Tata Motors and MG Motor, have made […]
The electric two-wheeler market in India continues its upward trajectory, reporting a significant year-on-year growth of 24% in February 2024. This growth follows a strong start to the year, with January 2024 witnessing a 26% increase in sales compared to the previous year. Industry Growth and Performance In February 2024, the electric two-wheeler industry recorded […]
Elon Musk finds himself entangled in yet another controversy, this time with Brazil’s judiciary, over the country’s orders to block certain X accounts accused of spreading election misinformation. While Brazil grapples with the delicate balance between free speech and safeguarding democracy, Musk’s intervention, perceived as empowering an antidemocratic faction of the far-right, has raised concerns […]
Daniel Ek, the founder of the renowned music streaming platform Spotify, has embarked on a new venture in the healthcare sector by launching a startup called Neko Health, headquartered in Sweden. Specializing in body scans powered by artificial intelligence (AI), Neko Health aims to revolutionize preventive healthcare and early disease detection. Vision and Mission Founded […]
Elon Musk finds himself entangled in yet another dispute, this time with a judge from Brazil’s supreme court, escalating into a legal confrontation over issues of justice obstruction. The clash unfolded as Justice Alexandre de Moraes initiated an investigation into Musk’s alleged interference with judicial proceedings. Allegations and Retaliations Musk fired back, accusing de Moraes […]
SoulUp, a Bengaluru-based startup, is reimagining mental health support by creating a digital platform often likened to a “LinkedIn-like network for mental health.” Founded by Punita Mittal and Mahak Maheshwari, SoulUp aims to foster open conversations and peer connections in the realm of mental well-being. The startup gained traction after securing an investment of ₹50 […]
Laura Ferreira
