Author: Business Matters Author

Good Monk, a Bengaluru-based nutrition-focused D2C startup, has successfully raised $2 million (approximately ₹17 crore) in a Pre-Series A funding round led by RPSG Capital Ventures. The round also saw continued support from existing investors including Multiply Ventures, Sharrp Ventures, and ThinKuvate, highlighting strong investor confidence in the startup’s growth and innovation strategy. Revolutionizing Everyday Nutrition Founded in 2022 by the husband-wife duo Amarpreet Singh Anand and Sahiba Kaur, Good Monk aims to solve a growing problem in India—nutritional deficiency in daily diets. The startup offers science-backed nutritional mixes that can be added to everyday meals without altering their taste,…

Indian logistics unicorn Xpressbees reported a rise in its consolidated net loss for the fiscal year ending March 31, 2024 (FY24), even as it posted a strong top-line performance. The company, which began as the logistics arm of FirstCry, saw its losses widen by 10.8% year-on-year, reaching ₹199.9 crore, up from ₹180.4 crore in FY23. Continued Losses Amid Rising Revenues While Xpressbees has consistently shown growth in revenue—thanks to a booming e-commerce and D2C market in India—the company has not yet achieved profitability. The uptick in losses signals growing operational costs and competitive pressures in the last-mile delivery and logistics…

In a strategic move to strengthen its presence in the growing natural and Ayurvedic baby care sector, FMCG giant ITC Limited has announced its decision to acquire an additional 73.5% stake in Mother Sparsh Baby Care. This acquisition, which will take place over a period of 2–3 years, will make Mother Sparsh a wholly-owned subsidiary of ITC. The move underscores ITC’s commitment to diversifying its portfolio and tapping into the rapidly expanding Direct-to-Consumer (D2C) market for natural baby care products. About Mother Sparsh: A Leader in Ayurvedic Baby Care Mother Sparsh Baby Care, founded in February 2016 by Himanshu Y…

Nothing Before Coffee (NBC), a rapidly growing quick service restaurant (QSR) chain, has raised $2.3 million (approx. INR 19.7 Cr) in a pre-Series A funding round led by Prath Ventures, with additional participation from SYL Investments. The Jaipur-based startup is now set to expand its footprint aggressively across India and explore innovative store formats as it eyes tier-II and tier-III towns. Founded in 2017 by Jain, Akshay Kedia, Shubham Bhandari, and Anand Jain, NBC has established itself as a go-to destination for coffee lovers. The company currently operates over 85 outlets across 35 cities in India and has even made…

Users Unable to Book Rides in Delhi NCR, Mumbai, and Bengaluru India’s electric ride-hailing startup BluSmart appears to be facing serious operational hurdles, as the company has suspended its cab scheduling services across all its operating cities — Delhi NCR, Mumbai, and Bengaluru. Users trying to book cabs via the BluSmart app are met with a message stating that “no slots are available”, and are subsequently redirected to the homepage, sparking concern among regular commuters and industry watchers. Read Also :- OfBusiness Secures INR 100 Cr from Cornerstone Ventures Ahead of 2025 IPO to Fuel SME Growth Revenue Impact: Scheduled…

In a significant move ahead of its much-anticipated IPO, B2B commerce unicorn OfBusiness has raised INR 100 crore (approximately $11.7 million) from Cornerstone Ventures. The funding comes as the startup prepares to go public in the second half of 2025, highlighting its ongoing commitment to empowering small and medium enterprises (SMEs) across India. Strategic Funding Ahead of IPO This latest investment is part of Cornerstone Ventures’ $200 million second fund, which made its first close at $40 million in January 2025. The VC firm plans to reach its second close by the end of this year. The fund is focused…

In a bold move aimed at redefining mobile connectivity convenience, Zomato-owned Blinkit has teamed up with Bharti Airtel to offer 10-minute SIM card delivery across 16 Indian cities. This partnership marks a significant milestone in the rapid commerce space, blending hyperlocal delivery capabilities with essential telecom services. Read Also :- Nandan Nilekani Highlights Challenges of Scaling AI in Enterprises and Public Sector Announced by Blinkit cofounder and CEO Albinder Dhindsa on social media platform X (formerly Twitter), the service promises lightning-fast delivery of Airtel SIM cards to customers’ doorsteps. The offering includes options for new prepaid and postpaid connections, as…

Mumbai-based eco-friendly luggage brand uppercase has announced a major collaboration with Indian cricket star Jasprit Bumrah, who has come on board as both an investor and a strategic partner in product development. The partnership not only boosts the brand’s visibility but also brings a fresh, athlete-driven perspective to its product line. Founded in 2021 by a team of entrepreneurs—Sudip Ghose, Uday Sodhi, Arnob Mondal Kumar, Shivaprasad Eregowda, Nidhi Rajora, and Dheeraj Goyal—uppercase is quickly gaining recognition in the travel gear industry. The brand focuses on creating sustainable travel essentials, including hard luggage, backpacks, duffel bags, and office satchels, all designed…

At the Carnegie Global Technology Summit 2025, Infosys cofounder Nandan Nilekani shed light on the complex journey of implementing Artificial Intelligence (AI) at scale, especially in enterprise and public sector environments. While AI continues to make rapid strides in consumer applications, Nilekani emphasized that scaling AI within organizations and government systems is a far more intricate challenge. According to Nilekani, consumer-facing AI solutions—such as chatbots, recommendation engines, and voice assistants—are relatively easy to adopt and deploy. These technologies are integrated into products and services that consumers interact with daily, allowing companies to refine their models quickly based on real-time feedback.…

Bengaluru-based Zolo exits student housing vertical through a slump sale deal with Mumbai-based Good Host Spaces Zolo, a leading coliving spaces provider headquartered in Bengaluru, has announced the sale of its student accommodation business to Good Host Spaces Management Services, a Mumbai-based student housing company, for INR 107.8 Cr (approximately $12.5 million). The strategic move comes as part of Zolo’s plan to focus more sharply on its core offerings in the broader rental housing and coliving segment. According to regulatory filings and official confirmation, the board of Zolo approved the sale on February 10, 2025. The transaction will be executed…