Author: Ashish Bisht

Elon Musk-owned Tesla Inc. is all set to mark a major milestone in India’s EV ecosystem by launching its first supercharging station in the country next week. According to a report by PTI, the highly anticipated station will debut in Mumbai, a key city in India’s fast-growing electric vehicle market. The upcoming Tesla charging station in Mumbai will feature a combination of four V4 Supercharging stalls (DC fast chargers) and four destination charging stalls (AC chargers), catering to both quick top-ups and longer parking sessions. This move signifies Tesla’s serious commitment to establishing a robust infrastructure ahead of its EV…

Apple Inc. has posted robust growth in its April-June quarter, with CEO Tim Cook highlighting strong performance across key global markets. Notably, India emerged as a standout performer, delivering record revenue driven by double-digit gains across iPhones, Macs, and services. The company’s overall global revenue rose by 10% year-on-year to $94 billion, showcasing Apple’s resilience and growing demand across both mature and emerging markets. The highlight of the quarter was Apple’s iPhone segment, which saw a 13.4% increase in global sales, reaching $44.6 billion. This growth was largely fueled by the popularity of the iPhone 16 family, which continued to…

Reliance Industries in Advanced Talks to Lead $50 Mn Funding Round in Spacetech Startup Digantara Reliance Industries is reportedly in advanced discussions to lead a $50 million (approximately INR 430 crore) funding round in Bengaluru-based spacetech startup Digantara, signaling a major push into India’s rapidly evolving space technology sector. Existing investors, including Peak XV Partners, are also expected to participate in the round. According to a report by the Economic Times, a person familiar with the matter stated, “Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks…

In a significant move aimed at boosting its capital base, Jio Financial Services (JFS), a major player in India’s fintech landscape, has announced plans to raise INR 15,825 crore (approximately $1.8 billion). The capital infusion will be executed through a private placement of convertible warrants to members of its promoter group — Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Pvt Ltd. As per a recent exchange filing, the board of JFS has approved the issuance of up to 50 crore warrants at a price of INR 316.5 per warrant. These warrants are convertible into fully paid-up equity…

Honasa Consumer Ltd, the parent company of popular skincare and personal care brand Mamaearth, is gearing up for its next phase of growth by venturing into the high-potential beauty tech segment. According to a report by The Economic Times, Honasa is actively exploring innovative product categories such as laser masks, LED light therapy devices, face massagers, and facial rollers. This strategic move marks a significant shift from Honasa’s current portfolio, which largely includes traditional beauty and personal care products under brands like Mamaearth, The Derma Co, and Dr Sheth’s. The decision to expand into tech-driven skincare solutions is aimed at…

In a significant boost for India’s growing tech startup ecosystem, testing automation startup Drizz has raised $2.7 million (approximately INR 23.4 crore) in a seed funding round. The round was led by Stellaris Venture Partners, a prominent venture capital firm known for backing early-stage technology companies. The funding round also witnessed participation from Shastra VC and notable angel investors including Anuj Rathi, former Chief Business Officer at Cleartrip, and Vaibhav Domkundwar, founder and CEO of Better Capital. Accelerating Innovation in Software Testing Drizz is on a mission to streamline and simplify the complex world of software testing through intelligent automation.…

India’s leading online grocery retailer, BigBasket, is facing turbulent times as it reported a significant revenue decline in FY25, a stark contrast to its previously robust growth. The primary reason behind this downturn is the intensifying competition from quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and Dunzo, which are rapidly reshaping the online grocery landscape. Decline in Revenue According to industry sources and financial reports, BigBasket witnessed a year-over-year revenue drop for the first time in several years. Analysts attribute this decline to the changing consumer behavior, where speed and convenience have become top priorities. While BigBasket has traditionally…

Amagi Media Labs, a media-focused Software-as-a-Service (SaaS) unicorn, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 1,020 crore through an Initial Public Offering (IPO). The move marks a significant milestone in Amagi’s journey from a high-growth startup to a publicly listed entity in India’s booming SaaS and media-tech landscape. IPO Structure: Fresh Issue and Offer for Sale (OFS) According to the DRHP submitted by the company, Amagi Media Labs plans to raise INR 1,020 Cr via a fresh issue of equity shares. Alongside the primary fundraising, the…

Amid India’s booming quick commerce wave, Veeba founder and MD Viraj Bahl has emphasized that general trade (GT) — the country’s vast network of kirana stores — remains the most crucial and profitable channel for building a long-term FMCG brand. Speaking at a fireside session with Huddle Ventures’ Ishaan Khosla during Inc42’s ‘The D2C & Retail Summit’, Bahl shared strong views on the overdependence of emerging brands on fast-growing platforms like Blinkit, Zepto, and Swiggy Instamart. Read Also :- The Good Glamm Group Faces Shutdown as Lenders Move to Sell Its Brands “GT Is Where Real India Shops” “GT is…

India’s once-thriving content-to-commerce startup, The Good Glamm Group, is now nearing a complete shutdown. The company, known for acquiring and scaling up digital-first beauty and personal care brands, is in financial distress, prompting its lenders to take control of its brand portfolio. The latest move signifies a major downturn for one of the most high-profile players in India’s D2C (Direct-to-Consumer) space. Lenders Begin Asset Liquidation of Good Glamm Brands Darpan Sanghvi, the co-founder of The Good Glamm Group, confirmed in a public LinkedIn post that lenders have enforced their charge over the company’s assets. This means that brands under the…