Friday, May 20

India

Grocery Delivery Startup Raises $200M, Burns Less Cash than Rivals
Business, India

Grocery Delivery Startup Raises $200M, Burns Less Cash than Rivals

Zepto, an Indian grocery delivery startup, has just raised $200M at a valuation of $900M. As per this latest fundraising in the grocery delivery sector, it is now seen as an Investor hotspot where every business is vying to deliver groceries to a customer in flat 10 minutes. Indian delivery startup, Zepto, is spearheaded by two Stanford dropouts aged 19. Founded in 2021 during the prime of the pandemic, this new fundraising is led by Silicon Valley-based Startup incubator- Y Combinator! The investment round also includes US-based Kaiser Permanente and its previous investors, Nexus Venture Partners. As per market speculation, Zepto food delivery startup competes with Blinkit, erstwhile Grofers, backed by SoftBank. In the wake of 10-minute delivery, these Indian grocery delivery st...
Insider Trading in India: Past Failures of SEBI & Tryst with Technology
India, Technology

Insider Trading in India: Past Failures of SEBI & Tryst with Technology

It is an instance of insider trading when someone working within the system leaks embargoed information or Unpublished Price-Sensitive Information (UPSI) to trade or help trade with external parties. In India, an inside trader applies to a person working in a publicly listed company who would buy or sell stock informed by inside data, including quarterly results, merger and acquisition, expansion or shutdown plans, or other significant activities. The Companies Act, 2013 and the SEBI Act, 1992 prohibit insider trading in India. To contain the wrongful act, in 2015, the SEBI (Securities & Exchange Board of India) formed the SEBI (Prohibition of Insider Trading) Regulation. According to the regulation, Insider trading in India is a punishable offense and subjected to legal probing...
Gigafactory in India by 2025, Informs Lithium-Ion Cell Manufacturer Log9
India, Technology

Gigafactory in India by 2025, Informs Lithium-Ion Cell Manufacturer Log9

A 7-year-old advanced battery technology startup Log9 intends to capture the first-mover advantage without participating in the government's ambitious INR 18,000 crore PLI scheme for advanced cell chemistry. The Bengaluru-based bootstrapped Lithium-Ion cell manufacturer, Log9, promises the first Gigafactory in India by 2025. Even though it only has a 25-megawatt-hour (MWh) capacity and an investment of around $25M (INR 190 crore), it has a very aggressive growth plan. By March 2023, Log9 plans to increase battery pack production from 10,000 units today to 40,000 units by June and 4 lakh units by March 2023, with a 50 MWh cell manufacturing capacity. Over the year, this would cost an additional $15 M(INR 110 crore). That, however, is only a warm-up. India's first Giga factory is expe...
The Anti-Gravity of an Unfunded Literary Publishing House from India
Business, India

The Anti-Gravity of an Unfunded Literary Publishing House from India

Amidst some of the positive returns of the pandemic is the return to reading books. There has been a noticeable surge in the publishing industry influenced by established startup entrepreneurs, sometimes by wantrepreneurs, yet sometimes by aesthetes those who use books for egalitarian shelf decoration. But whatever is the end purpose, at the forefront, publishing is doing well, asserts Dr. Kiriti Sengupta. Who is Dr. Kiriti Sengupta? Dr. Kiriti Sengupta is a critically acclaimed Indian English Poet, who along with the Indian novelist in vernacular Bangla, Bitan Chakraborty, are the Joint Directors of Hawakal Publishers, a private limited literary publishing house from India with over a decade of contribution. The company that started in 2008 as a small office in Kolkata bootstrapped to pr...
8 Well-Funded Stem Cell Startups are Manipulating your DNA
China, Europe, India, MEA & Japan, Technology, United States

8 Well-Funded Stem Cell Startups are Manipulating your DNA

Using stem cells or their derivatives, stem cell startups champion the production of regenerative medicine, also known as stem cell therapy, to promote the repair response of diseased, dysfunctional, or injured tissue. Instead of using donor organs in short supply, stem cells are used for stem cell therapy. In the laboratory, researchers cultivate stem cells to manipulate them into specific cell types like those found in the heart, blood, or nerve tissue, such as heart muscle cells. The manipulated cells are then injected directly into the target muscle with the degenerative condition to usher in new cell development. With the advancement in stem cell technology, several medical researchers, doctors, and scientists have established stem cell startups making an innovative impact globall...
Dr. Azim’s Radical Move with Glocal Healthcare Systems
India, People, Tech for Good

Dr. Azim’s Radical Move with Glocal Healthcare Systems

Almost 28 percent of India's poor lack access to medical treatment; they do not have doctors within 100 km; if there are hospitals, they lack modern infrastructure and doctors who take any interest in global medical advancements. The challenge with healthcare is telling. When one child grows up to be a doctor by the brush of determination and hard luck, they migrate to the cities—taking a dig at this complex situation: Dr. Sabahat S. Azim, a doctor and ex-Indian Administrative Service officer of the year 2000 batch, is now an entrepreneur—the Founder & Managing Director of Glocal Healthcare Systems. Dr. Sabahat S. Azim hails from a middle-class family in a small town in India where every parent aspires their children to become doctors and engineers. It wasn't any exception with Dr. ...
Koo Founder Aprameya Radhakrishna Rebrands India a Product Economy
India, People

Koo Founder Aprameya Radhakrishna Rebrands India a Product Economy

In recent years, the Indian startup ecosystem has exploded in popularity due to large funding, consolidation efforts, developing technology, and a rising local market. From over 3,000 startups in 2014 to a projected more than 11,000 by 2020, the data show that this is not a modern phenomenon. Here we have Aprameya Radhakrishna, a successful entrepreneur who has seen it all. He is right from working for someone else to developing three startups and being his boss - unfolding Aprameya Radhakrishna's story. Radhakrishna graduated from the National Institute of Technology (NIT) in Karnataka with a Bachelors's degree in Engineering in Electronics and Communication. He holds an MBA degree from the Indian Institute of Management(IIM), Ahmedabad, in General Management. Co-Founder and Chief Exec...
Are we Counting on these Indian Women in Real Estate?
India, People

Are we Counting on these Indian Women in Real Estate?

The real estate industry in India has been largely a playfield for the male. It is hard to come across a woman broker, and the experience is telling if you are in Mumbai searching for rental properties. The various Facebook groups dealing in real estate are a notorious gathering of shady middlemen with no level of professionalism. Big real estate giants in India prefer recruiting male candidates for the fieldwork because the notion is women can't get through the sweat and grind construction site or the intelligence of investment decisions. So, is the Indian real estate scene so bleak for women? Gather up, here we are with a brief profile of six Indian women in real estate, marking a big dent with their professional ingenuity. Ready? Manju Yagnik Manju Yagnik is the Vice-Chairperson o...
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