The Indian startup landscape is peppered with incredible stories of innovation and perseverance. A remarkable aspect of this entrepreneurial surge is how many of the country’s most successful startups were co-founded by best friends. These dynamic duos turned shared ideas ...
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MobiKwik IPO Breaks Records: Second-Most Subscribed Tech Listing in India’s History
MobiKwik, India’s leading digital payments platform, has created a significant buzz in the financial markets by achieving a staggering milestone with its Initial Public Offering (IPO). The IPO recorded an overwhelming subscription rate of 119.38 times, making it the second-most ...
Leadership Expansion at Captain Fresh with Appointment of Jayant Prakash as VP – Legal & Compliance
Introductions Captain Fresh, a leading online seafood company, has bolstered its leadership team by appointing Jayant Prakash as Vice President of Legal & Compliance. With over 20 years of industry experience, Prakash’s expertise is expected to strengthen the company’s ...
Amazon Exits Shoppers Stop with 54% Profit
Introduction On December 18, 2024, Amazon.com Inc., the American e-commerce giant, exited its investment in Shoppers Stop Ltd., an Indian retail chain, by selling its entire 4% stake through an open market bulk deal. This strategic move marked the ...
Velocity’s ₹200 Crore Initiative to Boost India’s F&B Sector
Introduction Velocity, a cash-flow-based financing platform in India, has launched a ₹200 crore fund for 2025, aimed at empowering restaurants and cloud kitchens. The initiative addresses critical financial barriers faced by food and beverage (F&B) businesses, enabling them to ...
Sachin Tendulkar Joins Kissht as Strategic Investor and Brand Ambassador
Introduction Kissht, a leading digital lending platform based in Mumbai, India, announced a strategic partnership with cricket legend Sachin Tendulkar in December 2024. Tendulkar, known as the “God of Cricket,” has joined as both a strategic investor and the ...
Perplexity AI – Scaling Valuation in the AI Search Market
Introduction Founded in 2022 by Aravind Srinivas (IIT Madras alumnus), Denis Yarats, Johnny Ho, and Andy Konwinski, Perplexity AI is an AI-powered search engine and chatbot. By leveraging cutting-edge technologies like natural language processing (NLP) and machine learning, the company ...
Airlines Set to Break Records: Global Aviation Industry Poised to Earn $1 Trillion in 2024 for the First Time Ever
Global, 2024 — In a historic milestone for the aviation industry, airlines worldwide are projected to collectively earn over $1 trillion in revenue for the first time in history. This unprecedented figure marks a significant rebound from the tumultuous years ...
Tech Giants Race to Lead the Mixed-Reality Market: Google and Samsung's Headset Development, and Boeing’s Recovery Post-Strike
Silicon Valley, USA / Seoul, South Korea / Chicago, USA — The technology landscape in 2024 is seeing seismic shifts as Google and Samsung intensify their efforts to develop mixed-reality (MR) headsets in direct competition with the already established giants ...
India’s Looming Economic Crisis: Thomas Piketty’s Warning on Asset-Less, Ageing Population and Poor Health
New Delhi, India — A new report by renowned economist Thomas Piketty has raised alarm bells about India’s demographic future, warning of an impending economic crisis stemming from its ageing population, the lack of significant assets among large segments of ...