Author: Business Matters Author

Pixxel, an emerging spacetech startup known for its innovative satellite imaging technology, has announced a significant collaboration with South Korea’s SIIS Co. The two companies have signed a memorandum of understanding (MoU) to supply hyperspectral satellite data to the Korean market. This partnership aims to combine Pixxel’s advanced hyperspectral imaging technology with SIIS’s expertise in satellite imaging systems, providing valuable insights to a variety of industries. SIIS Co. is a prominent player in the satellite imaging industry in South Korea, specializing in the export of satellite imaging systems, direct receiving systems, and AI training data. By collaborating with Pixxel, SIIS…

Bengaluru-based energy technology startup EMO Energy has successfully raised $6.2 million (INR 53.1 Cr) in its Series A funding round. The investment was led by Subhkam Ventures, with existing investor Transition VC also participating in the round. This funding will enable EMO Energy to expand its energy solutions for electric two and three-wheelers, furthering its mission to accelerate electric vehicle (EV) adoption and urban decarbonization. Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech company that aims to provide innovative energy storage and battery solutions tailored for the rapidly growing electric mobility market. The…

The Souled Store, a direct-to-consumer (D2C) fashion startup, achieved profitability for the first time in the financial year ending March 2024 (FY24). This impressive turnaround came on the back of robust revenue growth and improved operational efficiencies, reflecting the company’s successful shift in strategy and positioning over the years. Founded in 2013 by Vedang Patel, Rohin Samtaney, Aditya Sharma, and Harsh Lal, The Souled Store initially gained popularity as a branded merchandise apparel brand. In its early years, the company specialized in licensed merchandise, primarily catering to pop-culture enthusiasts with a range of t-shirts, hoodies, and accessories based on popular…

Nykaa, one of India’s leading beauty and fashion e-commerce platforms, has witnessed a significant surge in its stock price following the company’s optimistic financial update for the third quarter (Q3) of the fiscal year 2024-25. On January 6, 2025, Nykaa’s shares rose by 5.21% to reach INR 176.50 during the intraday trading session, reflecting positive investor sentiment driven by its strong Q3 performance projections. However, the stock later pared some of the gains and was trading at INR 174.80 per share at the time of writing, with a market capitalization of INR 49,975 crore. The boost in Nykaa’s stock price…

Lenskart, the popular omnichannel eyewear retailer, is set to follow in the footsteps of a growing list of tech and e-commerce companies preparing to go public. The company, led by Peeyush Bansal, is in early talks with bankers to kickstart its Initial Public Offering (IPO) process, according to recent reports from Moneycontrol. Lenskart, which has become a household name in India for its eyewear products, is targeting a valuation of $7 to $8 billion through the IPO, with plans to raise between $750 million and $1 billion. The eyewear giant is positioning itself to list on Indian stock exchanges towards…

In a landmark move to propel India’s rapidly growing startup ecosystem, the recently established Startup Policy Forum (SPF) has entered into a strategic partnership with the Department for Promotion of Industry and Internal Trade (DPIIT). This collaboration is set to amplify innovation, drive technology adoption, and boost India’s manufacturing capabilities, positioning the country as a hub for global investors and ecosystem enablers. India’s startup ecosystem has emerged as one of the most dynamic in the world, ranking as the third-largest in the global startup landscape. The nation’s vibrant entrepreneurial spirit, coupled with a thriving technology-driven economy, has given rise to…

Ecom Express Appoints Kammal Daas as Vice President of Operations Ecom Express, an emerging logistics startup that is preparing for its IPO, has made a strategic move by appointing Kammal Daas as its new Vice President of Operations, Last Mile. In this newly created role, Daas will be at the forefront of driving operational efficiency within the company, with a particular emphasis on enhancing the last-mile delivery process. This appointment underscores the company’s commitment to scaling its operations and ensuring that it continues to provide top-tier logistics solutions to its customers, especially as it prepares to enter the public market.…

Xiaomi India, the leading technology company known for its smartphones and innovative tech products, has appointed Sandeep Singh Arora as its new Chief Business Officer (CBO) as part of its ambitious plans for strategic growth and expansion in the Indian market. This significant move signals the company’s continued efforts to strengthen its position in India, a key market for Xiaomi’s global operations. Arora brings with him over three decades of experience in managing and growing consumer brands, and his extensive expertise will be crucial in driving Xiaomi’s business development initiatives and bolstering its market presence. Also Read:- Policybazaar’s Parent PB…

Policybazaar’s Parent PB Fintech Hits Record High, Market Value Nears $12 Billion Shares of PB Fintech, the parent company of the popular insurtech platform Policybazaar, surged over 5% during early trading hours on January 2, 2025, marking a new all-time high of INR 2,230 per share on the Bombay Stock Exchange (BSE). Despite some intraday volatility, the stock held onto substantial gains, settling at INR 2,197.40 by 2:58 PM. This price rally is part of an impressive upward trajectory in the stock’s performance, which has seen it close in the green in 8 out of the last 12 trading sessions.…

Klassroom Edutech Secures Pre-Series A Funding to Expand AI-Driven Education Platform Klassroom Edutech, a fast-growing player in the Education OTT space, has successfully raised an undisclosed amount in its Pre-Series A funding round. The investment was led by ah! Ventures and saw participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund. This funding marks a significant milestone in the startup’s journey to revolutionize the way educational content is consumed across India and internationally. Founded with the goal of transforming the education sector through technology, Klassroom has developed an AI-driven platform that offers a wide range of educational content…