Top Trending StartUps News & Highlights
Perfios FY25 Revenue Exceeds ₹700 Cr, Profit Soars 46% To ₹104 Cr
In the fiscal year that concluded in March 2025, Perfios had a 46% YoY increase in its consolidated net profit of ₹104.3 Cr. For the fiscal year under review, operating revenue increased by 20% to ₹669.5 Cr in FY25 from ₹557.8 Cr in FY24. India continued to be Perfios' top market geographically, with domestic revenue rising 14% from ₹505.5 Cr in FY24 to ₹575 Cr in FY25.PerfiosPerfios Datalabs_in-article-icon, a B2B fintech SaaS unicorn, reported a 46% increase in its consolidated net profit for the fiscal year FY25, reaching ₹104.3 Cr from ₹71.7 Cr in FY24. The Bengaluru-based firm reported its first profit of ₹7.8 Cr in FY23, and this was its third consecutive year of profitability.B2B financial SaaS unicorn Perfios reported a 46% growth in consolidated net profit in the fiscal year ended March 2025 (FY25), hitting ₹104.3 crore from ₹71.7 crore in FY24. According to regulatory records, the company's overall revenue for the period exceeded ₹700 crore, particularly hitting ₹709 crore.
Published 21 Mar 2026 05:46 PM
DrinkPrime, a D2C water purifier brand, increases its valuation by ₹20 Cr to $36.8 million.
In its extended Series A round, DrinkPrime raised ₹20 Cr, or around $2.2 million, in addition to an unknown debt. New investors Artha India Ventures and Mirabilis Investment Trust participated in the round. According to DrinkPrime, the additional funding will be used to expand its field service infrastructure and improve its IoT and data capabilities.Drinkprime is a brand of water purifier. In addition to an undisclosed debt, Datalabs_in-article-icon has raised ₹20 Cr (about $2.2 Mn) in its extended Series A round. New investors Artha India Ventures and Mirabilis Investment Trust participated in the round. In a funding round headed by Artha Venture Fund and Mirabilis Investment Trust, Bengaluru-based D2C water purifier business DrinkPrime raised ₹20 Cr, increasing its worth to approximately ₹340 crore ($36.8 million). With a 30% valuation premium and a 54% increase in FY25 sales to ₹72.13 crore, the firm provides IoT-enabled RO purifiers on a subscription basis.Important Information about DrinkPrime's Capital and Development: Funding Amount: ₹20 Crore ($~2.4M), with Mirabilis Investment Trust and Artha Venture Fund among the partners. Valuation Jump: Compared to its prior valuation of ₹261 crore, the new investment represents a 30% rise to around ₹340 crore (~$36.8 million-$37 million). Performance: In FY25, the startup's sales increased to ₹72.13 crore while its losses decreased from ₹14.14 crore to ₹11.53 crore. Model: DrinkPrime offers IoT-enabled, on-demand RO water purifiers that track water quality and usage in real time for subscription invoicing. Use: The money raised will be utilized to grow the company's smart water purifier subscription service and increase its market share throughout India.
Published 17 Mar 2026 05:32 PM
Before going public, Flipkart completes a reverse flip to India.
According to ET, which cited persons with knowledge of the situation, e-commerce platform Flipkart has finished its reverse flip, moving its headquarters back to India from Singapore. The National Company Law Tribunal had approved the Walmart-owned business in December, but it was still awaiting central government approval in accordance with Press Note 3 regulations. Now that the reverse flip is finished, the online retailer may proceed with its intentions to list in India.As part of the process, Flipkart has already started meeting with merchant bankers. As it gets ready for the prospective IPO, it hopes to file its draft prospectus later this year. Flipkart is able to align its corporate structure with its main business operations, which are mostly based in India, and move its holding company domicile there thanks to the reverse flip. As it gets ready for a possible public listing, the company has previously stated that the change was a part of a larger effort to streamline its organizational structure. The procedure entails local group structure consolidation and the transfer of ownership of the foreign holding entity to an Indian entity.Several Singapore-incorporated companies with operations in fashion, logistics, and payments will be combined into Flipkart Internet, the operating entity with its headquarters located in Bengaluru, as part of the previously described restructuring. The group's main holding company in India will be Flipkart Internet, which will merge with the Singapore-based holding firm in the next phase.
Published 09 Mar 2026 05:24 PM
Revenue Increases 90% While GIVA's Loss Widens 23% to ₹72 Cr in FY25
In the fiscal year that concluded in March 2025, GIVA's operating revenue increased from ₹273 Cr to ₹518 Cr. The cost of materials increased by over 97% year over year to ₹226 Cr, the startup's largest expense for the quarter. The D2C jewelry company is reportedly on pace to report a revenue of ₹800–₹850 Cr in FY26 and is currently in negotiations to raise ₹150–₹200 Cr.GIVA generates revenue by selling jewelry items through its network of physical and online retailers. The company started off specializing in silver jewelry but has since moved into the gold and lab-grown diamond markets. With each channel accounting for almost half of total income, the company reported an almost equal distribution across online and offline channels. Over the course of the year, GIVA surpassed the 200-store mark and is getting close to 300 locations. With the opening of its first store in Sri Lanka, the company has ventured into foreign markets, generating Rs 10.7 crore in FY25 sales. During that time, the company's total revenue was Rs 523 crore.The biggest expense component for Giva, the cost of materials, increased by 97% to Rs 227 crore, or 38% of total costs. The company's inventory increased 108% to Rs 100 crore in FY25 as a result of the increased buying activities. From Rs 50 crore in FY24 to Rs 91 crore in FY25, its employee benefit costs increased by 82%.
Published 24 Feb 2026 05:45 PM
StartUps
StartUps are the backbone of any country and in any Industry as these are the new ventures which entrepreneurs establish and then contribute to the nation growth and progress. The stratups will then grow and become unicorns and create thousands of employments in different sector boosting the economy and take it to the next level.
Social network Amealio obtains undisclosed pre-seed funding from Sucseed
SucSEED Indovation Fund and ISF Angels, lead by JA Chowdhary and other angels, led an undisclosed pre-seed fundraising round for Amealio, a community-driven platform for food and entertainment."...Amealio, powered by AI, Partnership, and ONDC, cultivates new friendships, uncovers experiences and hidden gems, and produces lifelong memories." He highlights the platform's importance in reviving neighborhood connections and bringing local communities back to life. This is how Amealio is filling in a previously existing gap,” Shaker Dixit, Founder and CEO of Amealio, said. “We are excited to invest in Amealio as it has a unique combination of corporate veterans with first-hand experience in running/owning multiple restaurants across India and the US, and the people who are deeply passionate about food and customer satisfaction on one platform…,” Dhiraj Kumar Sinha, General Partner of SucSEED Indovation Fund, added."We are ecstatic to have as partners such knowledgeable investors in the consumer area. "We are thrilled about the opportunities that lie ahead, and their support speaks volumes about the potential that is there in this space," Salty co-founder Kanishka Garg said.Of the 2,000 candidates anticipated, 100 will be selected for the IPV Ideaschool Batch 1 program at first, and 40 of them will go on to actively participate in the accelerator program's discussions. The startups will be assessed in numerous rounds using various criteria.
Despite the fervor surrounding AI, US startup funding is declining.
According to PitchBook data released on Thursday, U.S. investors invested $170.6 billion in companies in 2023—a reduction of nearly 30% from the $242.2 billion recorded in 2022—as the venture capital funding sector continues to struggle with value resets despite rising interest rates.According to the most recent statistics, which comes from a year when investors were captivated by massive AI transactions, U.S. venture capital has been steadily declining since 2021, when entrepreneurs raised $348 billion.Large language model training in AI labs, a costly endeavor considering the amount of processing power needed, was one of the notable highlights of an otherwise cautious investment year. According to PitchBook data, 10% of the entire deal value in 2023 came from the large investments made in OpenAI and Anthropic, the leaders in artificial intellige. The percentage of startups that raised capital in 2023 at a lower value than in their previous rounds increased from 8% in 2022 to 20% in 2023, indicating a widespread reset of late-stage company valuations."Names related to AI are trading higher. Certain software brands are selling for more money. Food and grocery delivery services, as well as subpar consumer concepts, have all seen a 95% decrease in value since their last funding round, according to Ken Smythe, the founder of Next Round Capital, a private market investment firm. As they run out of cash, many of the 723 so-called unicorn companies—which were valued at over $1 billion in their most recent round of funding—are anticipated to try to raise money again this year.
Shah Rukh Khan and UltraTech Cement launch a new campaign.
Star of Bollywood Shah Rukh Khan has teamed up with UltraTech Cement for a brand-new campaign. The campaign tells individual people's stories about their goals and aspirations as well as how infrastructure is facilitating their advancement.The company claimed that the "Banega Toh Badhega India" campaign embodies the idea that infrastructure is supporting India's aspirations. "Our new campaign is an expression of our guiding principles, which provide us with daily inspiration. The company stated, "We at UltraTech see ourselves as enablers of people's progress and nation's development.""Shah Rukh Khan, also known as SRK, is a brilliant representation of India's ascent and ambitions. His path has been one of raising the bar and resetting boundaries. Thus, we think he is a good fit to embody UltraTech's philosophy," the business continued.Khan is featured in the Build and It Will Grow (Banega Toh Badhega) advertising campaign by UltraTech Cement, which debuted on January 15, 2023. The initial commercial features the Aſoka star alongside laborers, students, and the Indian Army engaging in various tasks made possible by infrastructure.Shah Rukh Khan (SRK) is the newest Bollywood celebrity to support cement advertising in India. Khan is featured in the Build and It Will Grow (Banega Toh Badhega) advertising campaign by UltraTech Cement, which debuted on January 15, 2023. In the first commercial, the Indian Army, laborers, and the Aōoka star are depicted engaging in various activities made possible by infrastructure.According to UltraTech Cement, "SRK is a shining example of India's rise and aspirations." His path has been one of raising the bar and setting new boundaries for himself. For this reason, we think he is a good fit to embody UltraTech's philosophy.
Startup India Innovation Week 2024 will take place from January 10–18, 2024, thanks to DPIIT.
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is organizing the Startup India Innovation Week 2024 from January 10 to January 18, 2024, to celebrate the Indian Startup Ecosystem and the National Startup Day (16th January 2024). The purpose of this event is to bring together the nation's startups, entrepreneurs, investors, policymakers, and other stakeholders. The Tenth Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, on January 11, 2024, will host the Startup Seminar, "Startups Unlocking Infinite Potential," with Secretary, DPIIT, Shri Rajesh Kumar Singh, giving the inaugural address. The goal of the seminar is to provide a global forum for business networking, knowledge sharing, and inclusive socio-economic development.The announcement and awarding ceremony for the National Startup Awards 2023 and the fourth iteration of the States' Startup Ranking Framework—two of Startup India's flagship projects—will be held by DPIIT on January 16, 2024, in conjunction with National Startup Day celebrations. Incubators are also organizing physical events throughout the nation to commemorate the breakthroughs that Indian entrepreneurs are creating in various districts. These gatherings include, among other things, panel discussions, stakeholder round tables, mentorship sessions, and workshops specifically designed for startups. In order to increase the ecosystem's capacity, eight virtual Ask Me Anything (AMA) live sessions are scheduled to take place from January 10 to January 17, 2024, with startup ecosystem enablers such as incubators and accelerators, investors, mentors, unicorns, corporates, startups, academics, and the government.Additionally, it is intended to hold five full-day mentorship sessions on "How to Start Up" with the goal of enhancing the capacity of aspiring and student entrepreneurs in areas including comprehending company structures, incorporating an entity, and creating a business plan. On January 16, 2016, Prime Minister Shri Narendra Modi announced the commencement of the Startup India program, which aims to create a robust environment for fostering innovation, accelerating companies, and promoting investments in the nation's startup sector. The Prime Minister of 2022 proclaimed January 16th as National Startup Day in an effort to highlight and encourage acknowledgment of businesses that contribute to socioeconomic progress, nation-building, and self-reliance. On January 16, 2024, Startup India would have been launched for eight amazing years. From roughlyThe National Startup Awards are an effort to identify and honor exceptional entrepreneurs and ecosystem builders who are creating scalable businesses, novel products or solutions, and a high potential for creating jobs or wealth creation while exhibiting quantifiable social impact. The States’ Startup Ranking is a recurring capacity-building initiative created and disseminated by DPIIT, which assesses States and UTs on their endeavors to establish an ecosystem supportive of startup expansion. The main goals of the ranking process are to help States and UTs find, adopt, and replace best practices; to emphasize the role that States and UTs play in policy intervention to support the startup ecosystem and increase state competitiveness. Additionally, DPIIT and the Department of Youth Affairs are working together to advance Mera Yuva Bharat (MY Bharat).
Potential recovery anticipated in 2019; funding pace to stay sluggish
For India's startup ecosystem, which is in third place internationally, 2023 was another barren year. Global venture financing reached a low point in 2023 as a result of variables including inflation, growing interest rates, geopolitical unrest, and recessionary fears.In terms of value, financing for Indian startups decreased by 65.8% between January and November of 2023, according to a research published by GlobalData. In the first eleven months of this year, they have raised $6.9 billion through 1,013 venture capital (VC) fundraising deals. In the same time frame previous year, the companies had raised $20.2 billion.Experts contend that despite these difficulties, the Indian startup scene is still strong because of government programs and a renewed emphasis on long-term, sustainable success.The Startup India Seed Fund Scheme, Fund of Funds for Startups, and Credit Guarantee Scheme for Startups are just a few of the measures the government has launched to assist new businesses. "We still have hope for the future. The startup scene is positioned for a better and more resilient future because to a combination of supportive government policies, India's strong and developing economy, and ongoing infrastructural projects, according to Aniruddha Sen, co-founder of Kenko Health, who spoke with Livemint.Sen went on, "It is anticipated that the governments' steadfast dedication to assisting startups via financial initiatives, tax breaks, and regulatory changes would foster an atmosphere that encourages entrepreneurship. The startup funding landscape may be greatly impacted by such encouraging actions. The unwavering quest for innovation and technical breakthroughs continues to be a motivating factor. Due to their potential to completely change industries, startups at the vanguard of transformational technologies—like artificial intelligence (AI), biotechnology, and clean energy—are expected to draw significant capital."
In 2023, Meesho plans to resume hiring on campuses and hire 150 candidates.
Meesho, an online retailer that stopped hiring on campuses in 2022, reported that it had hired 150 people in 2023. In 2024, the business supported by SoftBank plans to hire more young workers, it said."Meesho put a halt to campus hiring in 2022 because its main goal was profitable expansion. Without adding more employees, the company's primary goal was to become profitable, Chief HR Ashish Kumar Singh told Livemint.Meesho is hiring in the following areas: business, finance growth, consumer experience, analytics, monetization, technology and product, and human resources.Salary packages for non-tech positions like strategy and operations have increased compared to the previous year, the company stated. In search of campus hiring opportunities, the e-commerce platform traveled to the following locations: Indian Institute of Science (IISC), Indian Institute of Information Technology (III) Allahabad, BITS Pilani, Indian Institute of Management (IIMs)-Lucknow and Kozhikode, National Institutes of Technology-Delhi, Bhopal, Surat, Calicut, Institute of Chartered Accountants of India (ICAI), and Management Development Institute (MDI). All of these locations were visited by the e-commerce platform.According to the e-commerce startup, Indian Institute of Information Technology (IIIT) Allahabad and IIT BHU are the campuses with the highest number of hirings. Meesho announces first profit in July and plans to go public in 12–18 months. Meesho hired 150 students in total in 2021 for both tech and non-tech positions. Meesho just added IIIT Bangalore, IIIT Lucknow, IIIT Jabalpur, and IIIT Kota to its roster of institutes for campus recruiting. The online retailer announced in December 2023 that it had posted consolidated profit after taxes for the second quarter that ended in September 2023, making it the first unicorn in e-The company put the rise in sales down to a number of factors, including a rise in the number of shopping apps downloaded in India in 2022 and 2023, an increase in the frequency of transactions for current clients, a diversification of the product line, and an emphasis on enhancing revenue generation through different value-added seller services.
Fireside Ventures leads a 50 crore Series A fundraising round for mental health firm Amaha.
On Wednesday, Amaha, a company focused on mental health, announced that it has raised ₹50 crore in a Series A financing round led by Fireside Ventures. ₹15.6 crore more was contributed by other angel investors.Amaha, the former InnerHour, intends to expand and improve its mental health offerings with the help of this investment. Serving more than 600 Indian locations, the Mumbai-based organization provides a range of therapies and care programs for mental health issues like anxiety, depression, bipolar disorder, ADHD, OCD, schizophrenia, and addictions.The portfolio of Fireside Ventures, an investment firm that focuses mostly on consumer-focused startups, comprises businesses in the food and beverage, personal care, kids & education, lifestyle, and home products industries. It made investments in various wellness firms last year, including The Good Bug and Inito.A portion of the increased awareness and support for mental health and wellness in recent years has come from celebrities, including actors and cricket players, as well as from a number of organizations and social media platforms. Amaha was established in 2016 and offers digital services via an app that provides self-care tools and resources, in addition to operating physical centers in Delhi NCR, Bengaluru, and Mumbai. The founder and CEO of Amaha, Amit Malik, stated in an interview with Mint that "we're looking to go beyond digital at this stage because I think there is a lot of unmet need within the industry." Amaha has been aggressively investing in infrastructure, including physical clinics and technical advancements, despite growing losses in 2023 and maintaining a positiveAmaha obtained $5.2 million from Lightbox Ventures, a venture capital firm, in 2021. Additional angel investors that took part were Hitesh Oberoi, CEO & MD of Info Edge India Pvt. Ltd., Pankaj Sahni, CEO of Medanta-The Medicity Hospitals, and Capricorn Ventures & Micasa Investments (Singapore).
Revenues increase 67% as InCred Finance reports a net profit of Rs 121 crore for FY23.
InCred Finance, which joined the unicorn club last year, declared total revenues for the fiscal year 2023 of Rs 877.5 crore, a 67% increase over the previous fiscal year. According to data obtained from research platform Tracxn, the non-banking financial company also claimed a net profit of Rs 121 crore in FY23, a notable increase from the Rs 31 crore it reported in FY22.As the second unicorn of 2023, InCred Finance raised $60 million in December from a group of investors that included very wealthy customers, valued at $1.04 billion. The money will be utilized to expand its primary business verticals, which include lending to micro, small, and medium-sized businesses (MSME), consumers, and students.The other Indian firm to join the unicorn club in 2023 was Zepto, a quick commerce company. A privately held business valued at $1 billion or more is known as a unicorn. Experienced banker Bhupinder Singh launched InCred Finance, the lending division of InCred Group, in 2016. It offers loans in the areas of school finance, small business lending, and retail lending. It amalgamated with KKR India Financial S.A. in 2022.InCred said earlier in November that it has grown its loan portfolio to Rs 7,500 crore in six years, with over 50% compound annual growth over the previous three years. Institutional investors include the Abu Dhabi Investment Authority (ADIA), Moore Strategic Ventures, Elevar Equity, Oaks Asset Management, and the Dutch development financing corporation FMO have contributed money to InCred.
10club, a D2C firm, names Kavitha Rao as COO and cofounder.
Kavitha Rao has joined 10club, a direct-to-consumer (D2C) firm that specializes in the kitchen and home categories, as cofounder and chief operational officer. In October of last year, the company changed its focus from roll-up commerce to direct-to-consumer (D2C) branding. The announcement coincided with a slowing in the growth rates of acquired brands in the domestic market over the past year, which has affected the roll-up business as a whole.The company currently functions as a single brand, marketing its own goods both offline—through owned and third-party stores—and online. On the other hand, roll-up commerce businesses purchase numerous internet retailers and brands while frequently keeping their unique identities. They then attempt to enhance performance by means of improved management and pooled knowledge.According to 10club, Rao will oversee day-to-day operations, develop the company's category plan, and lead retail operations across both physical and online channels. Rao was managing director of Accenture's retail division before this. Rao told ET that the company's new goal is to open its first physical location in the first half of FY25. In addition to partnering with distributors to sell its products in large quantities, it is collaborating with D2C competitors like Wakefit to offer products in their stores.By the end of March 2023, 10club is expected to have an annualized revenue run rate of Rs 100 crore, according to Rao. The company is concentrating on generating sales in a profitable manner, he continued, without providing any additional information regarding the current profitability status.
House loans and insurance companies pull the Navi of Sachin Bansal into the slow lane
The financial services company Navi Finserv, founded by Sachin Bansal, a cofounder of Flipkart, is stuck in the slow lane. Two of its key products, house loans and insurance, have yet to take off significantly.According to three persons with knowledge, Navi Finserv had hoped to increase its home loan disbursal to Rs 200 crore per month by 2022, but such expansion has proven elusive. They said that the company's general insurance business has been flat for a few years and has slowed down much more this year.One of the individuals with knowledge of the initiative stated, "Navi wanted to build a digital first home loan business, but that has not worked out yet and is operating at a very limited scale."In response to questions from ET, a Navi representative stated that the company's home loan business has been growing due to rising demand. According to the individual with knowledge of the development, Navi Finserv may need to reconsider its procedures going forward in order to incorporate more physical systems and feet on the ground for the home lending business. He clarified that in order to facilitate the creation of a bank of large housing projects that have been pre-approved, cu.In 2018, Bansal established Navi and funded the business with the money he received from selling Walmart his share of Flipkart. Although Bansal's plans to become a banker were dashed when the central bank refused to grant him a licence, he still intended to create a digitally first finserv platform that would provide a range of goods from insurance to loans.
Ola integrates a meal delivery plugin with ONDC.
Major ride-hailing company Ola has joined the Open Network for Digital Commerce (ONDC), an online marketplace established by the Indian government to link consumers and businesses.The Bengaluru-based business has been working with ONDC on a test program since August, when it introduced a new "ONDC Food" option to the Ola app. Currently in its pilot stage, the feature is available to a limited number of Ola customers as well as Ola workers. Up until Friday night, it was exclusively accessible to staff members. After that, a select set of users began using it. On Friday afternoon, ET was the first to report on the development.Ola benefits greatly from this ONDC connection since it eliminates the headache of figuring out how to integrate customers and restaurant partners. The next move would be to start delivering food to customers other than staff, an individual with intimate knowledge of the situation told ET.Interestingly, online markets for food delivery, online commerce, and online mobility see ONDC as a rival. Restaurants and food chains on ONDC can provide more competitive prices for food delivery since, depending on the buyer-seller agreements, fees are either reduced or eliminated.
As Startup India moves into phase-II on January 16, deep tech is the focus.
With an emphasis on deeptech businesses, the central government is getting ready to launch the second phase of its Startup India program on Tuesday, January 16, of next week.These firms will focus on important fields like semiconductor chips, quantum computing, artificial intelligence, and cybersecurity, according to an ET story that cited officials.It is expected that the second phase of the Startup India initiative will offer more assistance to entrepreneurs, such as more stable rules and taxes, better standards for valuation, and more chances for research and engagement with academic and industry partners. Launched on January 16, 2016, the Startup India initiative seeks to create a strong ecosystem in the nation that supports innovation and startups, hence promoting sustainable economic growth and creating significant job possibilities.In addition to focusing on other industries including manufacturing, biotechnology, agriculture, social services, healthcare, and education, the action plan aims to quicken the startup movement in the digital and technological sectors. In line with the government's continuous attempts to spur growth in this industry, the second phase of the Startup India initiative places a strong emphasis on deeptech businesses. On July 31, 2023, the Draft National Deep Tech Startup Policy (NDTSP), 2023, was made available for public comment.
Rural startups want greater access to capital, better infrastructure, and an enhanced supply chain.
From streamlined supply chains to subsidies, better infrastructure, and easy access to funding, rural companies are putting up a strong fight for new programs designed to boost research and innovationStartups operating in different sectors, particularly in smaller towns and villages, said that as the Lok Sabha elections and the Budget approach, they anticipate the government will examine a number of teething problems, even though their "overall performance has improved owing to various policy changes in the past couple of years.""A number of challenges, including obsolete machinery, inefficient supply chains, inadequate infrastructure, and limited financing availability, confront India's food processing business. Pardeep Kumar Yadav, the founder of Krini Spices, told PTI, "We expect the government to help us connect with global supply chains so we can export our products to international markets."Startups operating in different sectors, particularly in smaller towns and villages, said that as the Lok Sabha elections and the Budget approach, they anticipate the government will examine a number of teething problems, even though their "overall performance has improved owing to various policy changes in the past couple of years".
SentinelOne, a US-based company, purchases PingSafe, a Bengaluru cybersecurity startup.
SentinelOne, an AI-powered cybersecurity startup based in the United States, said on Wednesday that it has reached an agreement to purchase Bengaluru-based PingSafe for an undisclosed sum.The Mountain View, California-based business said in a statement that it will buy PingSafe for a mix of cash and stock, and that the deal is anticipated to close in SentinelOne's first quarter of the 2025 fiscal year, contingent upon customary closing conditions and any necessary regulatory approvals.The Mountain View, California-based business said in a statement that it will buy PingSafe for a mix of cash and stock, and that the deal is anticipated to close in SentinelOne's first quarter of the 2025 fiscal year, contingent upon customary closing conditions and any necessary regulatory approvals.Bengaluru: The $100 million purchase of Bengaluru-based cloud security platform PingSafe by NYSE-listed SentinelOne is hailed as the greatest acquisition in the history of Indian cyber security startups. According to Barclays' report, the transaction is made up of both cash and stock.Companies won't have to deal with the complexity of multiple-point solutions, triage and analyze cases with insufficient context, or stream data between different data silos thanks to this new approach to cloud security. Rather, companies can manage their whole attack surface from a single platform that offers all the analytics, real-time interaction, and full context required to correlate, detect, and thwart multi-stage attacks in a straightforward manner—unlike old CNAPP and standalone solutions.
Uber comes up with its Flexible Pricing Service
Uber, a well-known ride-hailing company, is now testing its flexible pricing service, which lets commuters bid a specific fee for their route, in a number of Tier 2 and Tier 3 towns in India.A representative for Uber stated in a statement, "We are currently piloting this feature in some of the tier 2 and 3 markets in India.Additionally, Uber Flex is being tested in Latin America, Kenya, and Lebanon. In contrast to Uber's conventional pricing structure, Flex lets users choose from nine pricing points and bid any amount they like, with a default price already chosen.Drivers in the vicinity can then accept or decline the ride based on the fare that the passenger has chosen.In a similar vein, drivers can quote their charges to the user. The ride is finalized once they select the driver whose offer most appeals to them. Currently, users of inDrive, another ride-hailing app, can manually enter a certain fare. In Drive announced its intention to use the $150 million it raised in February of last year to assist its ongoing growth as well as customer acquisition and retention. Uber is working on a new feature called "Uber Flex" that would let Indian customers select the fare that suits them best. The function, which is presently undergoing testing in a number of Indian locations, is anticipated to allay worries about rising ticket prices. The Uber Flex function was first tested in October of last year, according to a TechCrunch article. The Uber Flex feature was tested in several Indian cities, including Aurangabad, Ajmer, Bareilly, Chandigarh, Coimbatore, Dehradun, Gwalior, Indore, Jodhpur, and Surat. Uber informed the publication, "We are currently piloting this feature in some of the Tier 2 and 3 markets in India."
Namma Yatri and Bengaluru City Police collaborate to introduce a program for female drivers.
App for automatic booking Mahila Shakti, an initiative by Namma Yatri, aims to increase the number of female drivers. The Bengaluru City Police and this initiative were partners in its launch.This curriculum provides a thorough one-month training course covering safe driving, traffic rules, maintenance of vehicles, and practical driving. It also helps women launch their own automobile enterprises.After the ladies finish the program, Namma Yatri helps them own low-interest cars through financial institutions and provides them with electric cars for a small daily rent.On January 5, 2024, the Namma Yatri app company launched Mahila Shakti in Bengaluru. In partnership with Bengaluru police and non-governmental organizations, ride-booking service Namma Yatri announced plans to hire 1,000 women drivers over the next six months.Bengaluru: In partnership with the Bengaluru City Police, Parihar, and the Dr. B R Ambedkar Health and Education Foundation, Namma Yatri, the city's community-focused ride-booking app, has introduced the Mahila Shakti program, which is aimed at empowering women drivers. The goal of this program is to enable women from a variety of backgrounds to become skilled electric vehicle drivers. A thorough one-month training course including practical driving, traffic rules, safety, and car maintenance is provided by the Mahila Shakti program. It also helps women launch their own automobile enterprises. The initiative, which targets women between the ages of 25 and 45, opens doors to increased income, financial independence, and flexible work schedules. Following the free training, Namma Yatri helps women obtain low-interest car loans from financial institutions and gives them access to electric cars for a little daily fee."We are thrilled to launch this program, in line with our mission for women's empowerment," said Parihar's leader, Smt. Rani Shetty. It is encouraging to see more women taking up driving, as this makes Bengaluru a safer and more welcoming city. Juspay's Chief Product Officer, Magizhan Selvan, discussed the advancements, saying, "Since August 2023, we have been empowering women drivers in partnership with NGOs like Shishu Mandir." We take great pride in the 50 female drivers we employ, who between them have driven 55,000 kilometers, served 11,000 clients, and earned a total of Rs. 12 lakhs. By June 2024, we want to have 1000 women driving. Lead trainer Nagalakshmi S P talked about her own experience, saying, "Being an auto driver was a turning point to support my family." Taking the lead on this project makes me very happy.A ground-breaking program that promotes women's economic empowerment and questions established gender conventions is the Mahila Shakti Electric Auto Program. With its EV technology and user-friendly software, it makes the acceptance of driving as a career easier. Due to increased freedom and higher pay, participants evaluated driving automobiles as more favourable than traditional career options like housekeeping or shopkeeping. Women who are interested in participating in the program can reach Namma Yatri at 080-69724800 or 8618963188 via WhatsApp.
Rajat Diwakar is appointed CEO of iD Fresh Foods India.
Rajat Diwakar has been named CEO of iD Fresh Food's India division, the business announced on Friday. Diwakar worked as the Managing Director of Marico Bangladesh Limited before being hired by iD Fresh Foods. Additionally, he has over 20 years of experience leading FMCG companies.Leader of iD Fresh India, Rajat Diwakar Delhi, New: iD Fresh Food, a ready-to-cook packaged food firm, strengthened its leadership team on a national and international level on Friday by appointing industry veteran Rajat Diwaker as the India CEO and PC Musthafa as the Global CEO.Today, iD Fresh Food announced the appointment of Rajat Diwaker, a seasoned industry veteran, as the CEO for India. Rajat is a seasoned professional with more than 20 years of experience in the FMCG sector. He was the Managing Director of Marico Bangladesh Limited in his previous position. Additionally, he serves as a director on the board of Bangladesh's Foreign Investors' Chamber of Commerce and Industry (FICCI).In addition to continuing to lead the board of directors, PC Musthafa, who founded iD Fresh and served in that capacity for almost 20 years, now assumes the position of global CEO. Musthafa will be in charge of iD Fresh's worldwide market innovations, as well as international expansions, strategic acquisitions, the development of food-tech capabilities, and organizational culture inspiration.iD Fresh plans to designate specific Business Heads and CEOs for every international market as part of its expansion strategy. In actuality, the business is currently employing a US CEO. At present, more than one-third originates from sources outside of India. In 2024, the company intends to increase its presence in the current markets while branching out into new ones like Singapore and Australia.The global CEO of iD Fresh Food, PC Musthafa, commented on the most recent development, saying, "iD Fresh's journey has been incredibly rewarding so far, and we continue to make tremendous strides." I'm happy to have Rajat Diwaker join the iD Fresh team. I have no doubt that in the years to follow, we will accomplish greater things and win over more hearts under his capable and visionary leadership. And because of the unwavering support from customers that we have accumulated over the years, I am excited to lead the brand into new international markets as we set off on new experiences.
Prerna Korla becomes a Director of Communications for Asia Pacific at Mastercard.
Prerna Korla is a new Director of Communications for Asia Pacific at Mastercard. With over 15 years of significant experience, Prerna is a communication and PR specialist who has worked with leading Indian and international B2B and B2C brands. Prerna spent more than two years as Manager, Senior Communications at Microsoft before joining Mastercard.She was the Uber South Asia and India Consumer Communications Lead. Prerna has also collaborated with a number of PR companies, such as Edelman and MSL Group India. Prerna Korla has been appointed by Mastercard India as the director of communications for Asia Pacific. She leaves Microsoft after working there for two years as a senior communications manager. Korla updated her LinkedIn post on this development. Korla was the head of customer communications for a brief period of time at Uber before.
