🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Make in India: The 99% phone assembly masks a bigger gap
Livemint
·
1m ago
Medial
India has significantly increased its mobile phone assembly capability, now producing 99% of the phones it consumes, aided by a ₹1.9 trillion Production Linked Incentive (PLI) scheme. Despite this success, a major challenge remains: about 90% of the components in these electronics are still imported from China, Korea, and Taiwan. To address this, the Indian government has launched the ECM scheme to boost domestic electronics component manufacturing.
View Source
3
Related News
Over 99% mobile phones used in India are locally made: Ashwini Vaishnaw
Inc42
·
1y ago
Medial
Union Minister Ashwini Vaishnaw stated that over 99% of mobile phones used in India are locally made, and the mobile manufacturing market in India has grown to over $44 billion in value. The minister also highlighted the increasing domestic production of phone parts, signaling India's advancement in the tech sector. India has become the second-largest mobile phone producer globally, driven by high internal demand, growing digital literacy, and government initiatives such as Make in India and Production Linked Incentive (PLI) schemes. Additionally, Apple and Google are expanding their smartphone production in India.
View Source
Nothing To Make Smartphones In India, Aims To Make The Country An Export Hub
Inc42
·
1y ago
Medial
Smartphone maker Nothing is planning to make India its long-term export hub. The company will manufacture its latest range of smartphones, the Nothing Phone (2a), in India. Founder Carl Pei previously confirmed that the new phone would be manufactured in India. The phone is set to launch on 5 March and will feature a Dimensity 7,200 Pro processor co-engineered with MediaTek. Nothing aims to build India as an export hub in the long term and has brought its unique transparent design and global quality standards to the country.
View Source
QSR chain 99 Pancakes raises Rs 20 Cr
Entrackr
·
11m ago
Medial
Quick service restaurant (QSR) chain 99 Pancakes has secured Rs 20 crore ($2.4 million) in a Series A funding round from a family office. In March 2022, it had raised Rs 6.5 crore in a round of funding through a group of angel investors. The latest funds will be used to make its presence across India, 99 Pancakes said in a press release. Entrackr has reached out to 99 Pancakes to know the names of the investors. Launched in 2017 by Vikesh Shah, 99 Pancakes specializes in a variety of pancakes that cater to all tastes and preferences. The brand sells pancakes, waffles, french crepes, macaroons, croissants, pizzas, and shakes. According to the Mumbai-based company, it is set to add 50 new outlets by the end of the current year and 200 outlets by the end of December 2025. The company aims to expand geographic coverage to 50 cities across India and will expand its presence by opening company-owned outlets and associating with master franchisees in different regions. 99 Pancakes says that it has opened 4 new outlets in the current month and expansion efforts are centered on the state of Gujarat, with new locations slated for Ahmedabad, Vadodara, Anand, Surat, and Vapi.
View Source
ASIP joins hands with Korean company APACT for OSAT facility
Economic Times
·
1y ago
Medial
ASIP, a semiconductor assembly and testing company, has partnered with Korean firm APACT to establish a semiconductor assembling and testing facility in Hyderabad. The facility, set to begin operations in 2025, will offer complete turn-key solutions for package design, assembly, testing, and more. The joint venture aims to support the development of the Electronics System Design and Manufacturing (ESDM) value chain in India. The global outsourced semiconductor assembly and testing (OSAT) market is projected to reach $76.23 billion by 2028, and India's supportive government policies make it an attractive market for semiconductor manufacturing. Additionally, ASIP has signed an MoU with IIT Hyderabad for research and development efforts in the industry.
View Source
Big labor is a big barrier to Apple’s India ambitions
Livemint
·
1y ago
Medial
Apple's plan to diversify production away from China and assemble more than 50 million iPhones annually in India faces a crucial obstacle: the presence of a powerful and independent labor movement. Unlike China, where labor unions don't exist as an independent force, India's labor reforms could get caught up in political crossfire during the upcoming elections. Additionally, while Foxconn has invested heavily in India, China remains the primary destination for phone assembly. The struggle between labor reforms and the need for efficient factory operations poses challenges for Apple's ambitions in India.
View Source
Zoom Phone launches in India to offer cloud-based voice communication service
YourStory
·
10m ago
Medial
- Zoom Phone launched in India as the company's first cloud phone solution licensed by the Department of Telecommunications. - It offers reliable, secure, and flexible voice communication features that seamlessly integrate with Zoom Workplace. - Users can make inbound and outbound calls through the public switched telephone network (PSTN) and replace old PBX systems. - The service includes AI-powered features such as post-call summaries, voicemail prioritization, and task extraction to enhance productivity. - Zoom Phone meets the requirements of India's Unified Telecom license, demonstrating the company's commitment to providing a trusted service.
View Source
Exclusive: Nuvama Wealth backer PAG stitching new India deal after two-year gap
VCCircle
·
9m ago
Medial
Asia Pacific alternative investment firm PAG is reportedly in talks to secure a new private equity deal in India. After a gap of two years, the firm is said to be in advanced discussions to make the investment. PAG manages over $55 billion in assets across the private equity, real estate, and credit sectors.
View Source
Chip company Renesas says Wolfspeed situation won’t hit India OSAT
Economic Times
·
2m ago
Medial
Japanese chipmaker Renesas reassured that the troubles with Wolfspeed, a US-based silicon carbide wafer maker, won't affect its joint outsourced semiconductor assembly and test (OSAT) project with CG Power in India. Despite Wolfspeed's financial instability, Renesas affirms that the project, focused on supporting the 'Make in India' initiative, will proceed without disruption. Renesas holds a minority stake in the venture and remains committed to its plans and supply agreements, with mass production set for 2027.
View Source
Cureskin bridges skincare gap with AI-driven solutions for India
Inshorts
·
4m ago
Medial
Cureskin emerged from a father's quest to find effective skincare for his son. Founded by ex-Google employees in 2017, it combines AI-driven dermatological care with personalized treatments. With 100+ dermatologists and over 17 lakh users, Cureskin bridges the gap in accessible skincare, especially in Tier 2 and 3 regions, aligning with India's 'Make in India' initiative.
View Source
Tesla Cars To Be Available In India Later This Year
Inc42
·
1y ago
Medial
Electric car maker Tesla has started production of right-hand drive cars in Germany for export to India later this year, according to sources. While it remains unclear which model Tesla plans to ship to India, the move is seen as part of the company’s efforts to reduce its dependence on China. The EV major also reportedly aims to make India a bigger sourcing hub, as well as build a charging network across the country. Last month, the Indian government reduced import tax rates on certain EVs, providing further incentive for Tesla’s entry into the market.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
