Author: Business Matters Editor

Electric Vehicle Startup Euler Motors Secures INR 120 Crore in a Down Round Funding Euler Motors, a prominent player in India’s electric vehicle (EV) industry, recently made headlines by securing INR 120 crore in a down round of funding. This significant infusion of capital comes at a crucial juncture for the company as it strives to expand its EV offerings and strengthen its market position. Euler Motors: Pioneering Electric Mobility in India Euler Motors, founded in 2018 by Saurav Kumar, has been on a mission to accelerate the adoption of electric mobility solutions in India. The company has carved a…

Bira 91, a prominent player in the Indian craft beer industry, faced a significant setback in the fiscal year 2023. The company reported a substantial loss of INR 445 crore stemming from its beer sales. This development has garnered attention not only within the beverage industry but also among investors, analysts, and consumers alike. In this article, we will delve deeper into the factors contributing to this loss, its implications for the company, and potential strategies that Bira 91 might adopt to bounce back. Market Overview Bira 91 has been a key player in the craft beer segment in India,…

In the world of finance and investment, there are few things more eagerly anticipated than a company’s initial public offering (IPO). This moment marks a significant milestone for a company as it transitions from private ownership to the public domain. Investors and the general public scrutinize IPOs, hoping to get a piece of the action and speculate on the company’s future potential. Zomato, a leading Indian food delivery and restaurant discovery platform, experienced its own IPO excitement and drama. For the first time in over 22 months, Zomato’s stock closed above its listing price, and the story behind this achievement…

In a significant move to bolster India’s position as a manufacturing hub for technology, global tech giant Intel has initiated a collaborative effort with eight prominent companies. The goal of this collaboration is to establish a thriving ecosystem for laptop manufacturing within the country. This endeavor is not only expected to contribute to the “Make in India” initiative but also has the potential to transform the dynamics of the Indian technology manufacturing sector. Intel’s Role in the Collaboration Intel, a renowned semiconductor and technology company, plays a pivotal role in this ambitious venture. With its expertise in microprocessor technology and…

Infibeam Avenues, a leading player in the e-commerce and digital payment solutions industry, has recently taken a significant step forward in its commitment to advancing artificial intelligence (AI) capabilities. The company’s ambitious plans to establish an in-house AI hub have now been set in motion with a strategic land acquisition. The move to accelerate the development of their AI hub is a testament to Infibeam Avenues’ dedication to staying at the forefront of technological innovation in the ever-evolving digital landscape. In this article, we will delve into the details of this exciting development and what it means for the company’s…

Sustainable Packaging Startup Fibmold Secures $10 Mn Funding From Omnivore, Accel Fibmold, a forward-thinking startup dedicated to sustainable packaging solutions, has achieved a significant milestone by securing $10 million in funding from leading investors Omnivore and Accel. This funding injection will empower Fibmold to further innovate and expand its offerings in the world of sustainable packaging. Sustainable packaging has gained prominence in recent years as consumers, businesses, and governments increasingly prioritize eco-friendly alternatives to traditional packaging materials. Fibmold, founded with a mission to address these concerns, has become a frontrunner in the sustainable packaging industry. Their unique approach to creating…

CarDekho Group, Backed by Shark Tank Judge Amit Jain, Witnesses Impressive FY23 Revenue Growth, Surging 1.5X to INR 2,331 Crores In a remarkable feat of entrepreneurial success, CarDekho Group, a leading player in the Indian online automotive marketplace, has achieved significant revenue growth in the fiscal year 2023. Backed by prominent investor and Shark Tank judge Amit Jain, the company’s financial performance in FY23 has been nothing short of spectacular, with revenue surging by a substantial 1.5 times to reach INR 2,331 Crores. CarDekho Group’s journey to this remarkable achievement is a testament to the resilience and innovation that underpin…

UPI Transactions Continue To Rise, Cross 11 Billion Mark In October In a remarkable testament to the growing digitalization of financial transactions in India, the Unified Payments Interface (UPI) has continued its upward trajectory, crossing the significant milestone of 11 billion transactions in the month of October. This incredible surge in UPI transactions underscores the increasing popularity and trust that Indians are placing in digital payment methods for their daily financial needs. The UPI system, introduced by the National Payments Corporation of India (NPCI), has been a game-changer in the Indian payments landscape. It provides a seamless and convenient platform…

WeWork Labs, the innovation-focused arm of WeWork, has recently unveiled an exciting new investment program designed to support and nurture early-stage startups. This initiative is aimed at fostering innovation, entrepreneurship, and collaboration within the global startup ecosystem. WeWork Labs Investment Program marks a significant step in WeWork’s commitment to supporting early-stage entrepreneurs, offering more than just physical workspace. WeWork Labs has long been recognized for its dedication to fostering a vibrant entrepreneurial community. With the launch of this new investment program, they’re taking their commitment to the next level. The program offers funding, mentorship, resources, and access to WeWork’s extensive…

Reliance Unveils JioPhone Prima 4G Feature Phone Reliance Industries Limited (RIL) has unveiled its latest feature phone, the JioPhone Prima 4G. The phone is the successor to the JioPhone Next, which was launched in 2021. The JioPhone Prima 4G comes with a number of new features, including a larger display, a better camera, and a more powerful processor. The JioPhone Prima 4G has a 5.4-inch HD+ display, which is larger than the 5.45-inch display on the JioPhone Next. The phone is also powered by a Qualcomm Snapdragon 415 processor, which is an upgrade over the Unisoc SC9863A processor on the…