Author: Business Matters Author

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…

In a notable development in India’s competitive hyperlocal delivery landscape, Magicpin’s rapid food delivery arm, magicNOW, has started to gain significant traction. Magicpin’s founder and CEO Anshoo Sharma announced today that magicNOW currently contributes 13% to the company’s overall food delivery orders — a promising milestone for a service launched just a few months ago. magicNOW, introduced in December last year, is Magicpin’s answer to the growing demand for ultra-fast food delivery. With a unique value proposition that blends speed and freshness, magicNOW promises deliveries within just 15 minutes. Unlike many competitors who rely heavily on dark stores or cloud…

In a move that strengthens its connection with the youth and college communities, foodtech giant Swiggy has announced the pilot launch of its Student Rewards Programme across more than 200 cities in India. This strategic initiative is currently operational in nearly 2,000 college campuses, with plans to expand to over 4,500 colleges by July 2025, according to a statement by the company. Bringing More Value to Student Life The Swiggy Student Rewards Programme is designed to offer exclusive benefits tailored to the daily lifestyle and needs of students. With inflation and food prices on the rise, this initiative provides students…

In a landmark exit that highlights the maturing Indian startup ecosystem, Peak XV Partners has clocked nearly 10X returns by fully exiting its investment in hyperlocal logistics startup Porter. The exit comes as Porter recently achieved unicorn status, following a $200 million fundraising round that has placed its valuation at over $1 billion. A Decade-Long Bet Pays Off Peak XV, formerly known as Sequoia India and Southeast Asia, had invested around INR 116 crore in Porter since leading the company’s Series A round in 2015. According to sources close to the matter, the VC firm has now exited with a…