Author: Business Matters Author

TVS Motor Company, India’s leading electric two-wheeler (E2W) manufacturer, has further strengthened its presence in the country’s growing EV segment with the launch of its latest electric scooter — the TVS Orbiter. Priced attractively at INR 99,900 (ex-showroom), the TVS Orbiter is positioned to appeal to urban commuters looking for performance, range, and value. TVS Orbiter: Key Features and Specifications The TVS Orbiter is powered by a 3.1 kWh battery pack, offering an impressive range of 158 km on a single charge. This makes it ideal for daily commuting as well as short intercity rides. With a boot space of…

IPO-Bound Startup Posts First-Ever Profit, Operating Revenue Up 17% In a significant milestone ahead of its initial public offering (IPO), WeWork India has reported its first-ever profitable fiscal year in FY25, posting a profit after tax (PAT) of INR 128.2 crore. This marks a turnaround from a loss of INR 135.7 crore in the previous fiscal year (FY24), according to the startup’s recent filings with the Ministry of Corporate Affairs (MCA). However, a closer look at the numbers reveals that this profitability is largely attributed to a deferred tax gain of INR 285.7 crore, a sharp increase from just INR…

Mumbai-based robotics startup Emotix, the parent company behind the popular Miko range of educational robots, has secured a significant boost in funding. The company recently received board approval to raise approximately INR 1,325.37 crore (around $151 million) through the issuance of preferential shares to AMDG-PAX Foundation. According to a filing with the Ministry of Corporate Affairs accessed by Inc42, Emotix’s board passed a resolution on March 28 to issue 22,464 Series D2 Compulsorily Convertible Preference Shares (CCPS) to AMDG-PAX Foundation at an issue price of INR 5,90,000 per share. Read Also :- Apple to Ramp Up iPhone 17 Production in…

Apple to Ramp Up iPhone 17 Production in India Amid Supply Chain Shift from China In a significant move to diversify its global manufacturing operations, Cupertino-based tech giant Apple is reportedly ramping up the production of its upcoming iPhone 17 series across all five of its factories in India. This decision underscores Apple’s strategic pivot away from China, a move largely driven by rising geopolitical tensions and trade disputes. According to a recent Bloomberg report, Apple will manufacture all four models of the iPhone 17 in India. The expansion will involve increased production activity at Tata Electronics’ facilities in Hosur…

Foxconn, Apple’s primary manufacturing partner, has officially commenced small-scale production of the upcoming iPhone 17 at its Bengaluru facility. This marks a significant step in Apple’s broader strategy to diversify its supply chain and ramp up manufacturing operations in India. According to an Economic Times report, the Bengaluru unit has now joined Foxconn’s Chennai facility in producing the next-generation iPhone 17, ahead of its expected 2026 launch. This early-stage production at the Bengaluru plant signifies a major milestone, especially as Apple looks to reduce its dependency on China by expanding manufacturing capabilities in other countries. Foxconn’s decision to begin iPhone…

The Indian startup ecosystem mourns the sudden and untimely demise of Neeraj Tyagi, cofounder and CEO of We Founder Circle, who passed away on Saturday, August 16, at the age of 50. The cause of his death has not yet been disclosed publicly. A prominent name in India’s entrepreneurial and investment landscape, Neeraj Tyagi was more than just a startup enabler. His career was a testament to visionary thinking, bold investments, and an unwavering belief in the potential of Indian startups. Over the years, he became one of the most influential angel investors in the country, backing more than 60…

EaseMyTrip, one of India’s leading online travel aggregators (OTAs), reported a dramatic plunge in its financial performance for the first quarter of the financial year 2025-26 (Q1 FY26). The company’s consolidated net profit nosedived by nearly 99% year-on-year (YoY) to INR 44.3 lakh, compared to INR 33.9 crore in the corresponding quarter of the previous year. This significant decline in profitability reflects the challenges the company is facing amid weakening revenue and deteriorating margins. On a sequential (quarter-on-quarter) basis, the company’s net profit also fell sharply, down 97% from INR 13.9 crore posted in Q4 FY25. The dismal performance in…

In a significant move to empower India’s growing health-tech ecosystem, Zeno Health (formerly Generico), backed by Lightbox Ventures, has launched a unique platform titled Pay It Forward. This initiative is designed to incubate and support early-stage healthcare and wellness startups by providing them with vital visibility and retail shelf space across Mumbai and Pune. With a mission to make healthcare more affordable and accessible, Pay It Forward invites budding entrepreneurs and startups in the healthcare domain to join a community that thrives on collaboration, innovation, and shared growth. Zeno Health is extending this opportunity to startups operating in medicines, diagnostics,…

India is on the cusp of a major transformation in its mobility landscape, with electric two-wheelers (e2Ws) emerging as the frontrunners in the race toward sustainable transportation. A recent McKinsey report predicts that electric two-wheelers will constitute 60-70% of new vehicle sales in India by 2030, highlighting the pivotal role this segment is set to play in the country’s transition to green mobility. The Rise of Electric Two-Wheelers in India India has long been a two-wheeler-dominated market, owing to the affordability, ease of use, and convenience these vehicles offer in urban and semi-urban areas. With rising fuel costs and increasing…

Delhi-based B2B fintech startup PaySprint has announced its plans to raise $3 million (approximately INR 25.7 crore) in its ongoing Series A funding round. The capital is being raised from a consortium of undisclosed family offices and high-net-worth individuals (HNIs), showcasing growing investor confidence in the startup’s innovative fintech infrastructure offerings. As part of this round, PaySprint has already secured $1.2 million in its first tranche. The remaining amount is expected to be raised in the coming months. The fresh infusion of funds will be strategically deployed to strengthen the startup’s product portfolio, enhance AI-powered capabilities in onboarding and fraud…