🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Plaksha University launches Binny Bansal Institute for Inventing the Future

EntrackrEntrackr · 3m ago
Plaksha University launches Binny Bansal Institute for Inventing the Future
Medial

Plaksha University, a technology university for higher education and research in India, has launched the Binny Bansal Institute for Inventing the Future (IIF). Binny Bansal, founder of Flipkart and xto10x, has given a startup funding of Rs 70 crore ($8 million) to set up IIF. The institute aims to solve real-world problems using advanced technologies like Artificial Intelligence (AI), blockchain, and robotics. IIF will focus on sectors such as healthcare, agriculture, clean energy, and environmental sustainability. It plans to turn research into practical solutions, promote AI talent in India, and encourage partnerships between universities and companies to bring ideas to the market. IIF has collaborated with the University of California, Berkeley. The partnership will enable joint research, student and faculty exchanges, and shared learning. Binny Bansal said the institute reflects his belief in using technology to improve lives. Prof. Shankar Sastry, Founding Chancellor of Plaksha and professor at UC Berkeley, said IIF is a big step in making India a leader in deep-tech innovation. Plaksha University, supported by global tech and business leaders, aims to change the way technology education and research are done in India by encouraging hands-on learning, interdisciplinary study, and innovation.

15

Related News

Curefoods to raise debt from Blacksoil and Binny Bansal

EntrackrEntrackr · 3m ago
Curefoods to raise debt from Blacksoil and Binny Bansal
Medial

Exclusive: Curefoods to raise debt from Blacksoil and Binny Bansal Cloud kitchen startup Curefoods is raising Rs 56.4 crore (approximately $6.6 million) in debt, led by BlackSoil Group and with participation from existing backer Binny Bansal. This will be the first debt round for the Bengaluru-based firm this year. The board at Curefoods has passed a special resolution to issue 1,000 non-convertible debentures at an issue price of Rs 5,00,000 each to BlackSoil, raising Rs 50 crore, and 595 compulsory convertible debentures to Binny Bansal worth Rs 6.4 crore, according to a regulatory filing accessed from the Registrar of Companies (RoC). The proceeds will be used for the company's working capital requirements and business expansion, as per filings. Curefoods is a cloud kitchen platform operating brands such as EatFit, Sharief Bhai, Olio Pizza, Krispy Kreme, Nomad Pizza, and others. Currently, it runs over 100 kitchens in over 200 locations in India. According to startup data intelligence platform TheKredible, Curefoods has raised $125 million across rounds from the likes of Binny Bansal-backed Three State Capital, Iron Pillar, and Chiratae Ventures, among others. Curefoods has also raised Rs 37 crore from Landmark Group in February via equity. Curefoods demonstrated notable financial performance in FY24, reporting a surge of over 50% in operating revenue to Rs 585 crore, while reducing losses by 50% to Rs 172.6 crore during the same period. The Ankit Nagori-led firm is reportedly planning to launch its $300–400 million initial public offering (IPO) in the latter part of FY26.

Download the medial app to read full posts, comements and news.