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Policybazaar sees 60% growth in offline business in West Bengal - The Economic Times
Economic Times
·
9m ago
Medial
Policybazaar's offline business in West Bengal is expanding rapidly, with a 60% growth rate, now making up 30% of total policy sales in the state. West Bengal is a significant market, contributing 26% to the overall term insurance policy count. The customer base is primarily educated, salaried individuals, and young people, with graduates comprising 80.1% of policyholders. Health and term insurance policies dominate sales, with female participation showing modest improvement.
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Uber to launch bus shuttle service for office goers in Kolkata
Startup News FYI
·
2y ago
Medial
Uber has announced the launch of a bus shuttle service in Kolkata for office workers. By March 2024, Uber Shuttle plans to have 60 air-conditioned buses on predefined routes, connecting business districts with residential areas. The company will also invest $10 million in West Bengal by 2025, creating around 50,000 livelihood opportunities. Currently available in Delhi NCR, Uber Shuttle allows passengers to book seats up to a week in advance, track live location and route, and receive real-time ETA. The partnership aims to improve public transport services and expand commuting options in West Bengal.
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Ola rival Uber to launch bus shuttle service for office goers in Kolkata
IndianStartupNews
·
2y ago
Medial
Uber has partnered with the West Bengal Government's Transport Department to introduce a bus shuttle service in Kolkata called "Uber Shuttle." The service, set to launch by March 2024, will consist of 60 air-conditioned buses operating on predefined routes, catering to office goers. The service will offer features like pre-booking seats, live tracking of buses, and accurate ETA information. Uber also plans to invest $10 million in West Bengal by 2025, creating 50,000 job opportunities and aiming to reduce road congestion and carbon emissions through shared rides.
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Smaller cities beating many congested state capitals in GCC race - The Economic Times
Economic Times
·
5m ago
Medial
Smaller cities in India, such as Mangaluru in Karnataka and various tier-II cities in West Bengal, are emerging as tech hubs, providing an attractive alternative to congested state capitals. Factors driving this shift include talent retention, lower attrition rates, and improved quality of life. Companies are establishing R&D operations in these areas, leveraging local engineering talent and ecosystem benefits. These cities offer a sustainable model for tech growth, balancing professional and personal life better than traditional metros.
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Kapiva raises $60 million funding led by 360 ONE Asset and Vertex Growth - The Economic Times
Economic Times
·
8m ago
Medial
Ayurvedic healthcare brand Kapiva has secured over $60 million in funding led by 360 ONE Asset and Vertex Growth, with participation from existing investors. The funds, comprising $28 million in primary capital and $32 million in secondary transactions, will be used for product R&D, expanding manufacturing, and geographic reach. Kapiva aims for an IPO in 2-3 years. With a presence in 40,000 offline stores and rapid online growth, Kapiva targets 100,000 offline stores within a year.
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India's Manipal Hospitals acquires 84% stake in AMRI Hospitals
Reuters
·
2y ago
Medial
Manipal Hospitals has acquired an 84% stake in AMRI Hospitals, a Kolkata-based chain, to expand its presence in eastern India. The deal was made with FMCG-to-realty conglomerate Emami Group, who will retain a 15% stake in AMRI while the government of West Bengal will hold 1%. The acquisition comes as the private healthcare sector in India sees a post-pandemic boom, with M&A deals in the sector totaling $4 billion in 2022 and $2.2 billion in the first five months of 2023. The projected annual growth for India's private healthcare market is 12-14%.
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Healthcare startup Oncare raises Rs 27 crore in round led by Sky Impact Capital - The Economic Times
Economic Times
·
4m ago
Medial
Gurugram-based healthcare startup Oncare raised Rs 27 crore in a Series A round led by Sky Impact Capital, with participation from Huddle Ventures, Lotus Herbal Group, Steerx, and Tremis Capital. Oncare, which builds oncology departments in mid-size hospitals, plans to expand into Bangalore and several cities across UP, Bihar, and West Bengal. Founded in 2023, Oncare aims to offer affordable cancer care, pricing chemotherapy approximately 40% lower than corporate hospitals.
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LTIMindtree saw $60 million in H1 incremental revenue via agentic AI, says CEO - The Economic Times
Economic Times
·
5m ago
Medial
LTIMindtree, India's sixth-largest IT services provider, added over $60 million in revenue in FY26's first half, using digital agents alongside its workforce. The company plans to increase fresher intake while utilizing AI to delink revenue and headcount growth. Despite expecting macroeconomic challenges in 2026, LTIM sees growth opportunities through AI and vendor consolidation. It aims to double revenue in five years, leveraging AI-driven services and focusing on strategic market expansions via potential acquisitions.
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Rashmi Group to set up steel, power plant in West Bengal
Economic Times
·
8m ago
Medial
Rashmi Group, based in Kolkata, plans to establish a 2.8 million tonne per annum integrated steel plant and a 400 MW captive power plant in Purulia, West Bengal. The West Bengal government has allocated 938 acres for these projects, with an investment of ₹10,000 crore, creating 18,000 jobs. These initiatives are part of an expansion strategy, diversifying into iron, steel, power, ferroalloys, and mining, aligning with the state's industrial development vision.
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Zomato To Pay INR 9.85 Cr To West Bengal GST Authorities
Inc42
·
1y ago
Medial
Zomato has received a GST notice from tax authorities in West Bengal for the period April 2020 to March 2021. The notice includes demands for GST payment, penalties, and non-payment of GST on delivery charges. Despite believing that they have a strong case on merits, Zomato has stated that they will pay the required amounts to the GST authorities. This is the second GST notice that Zomato has received in West Bengal.
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Galaxy Health Insurance targets Rs 450-crore premium by FY'27, breakeven in 4 years
Economic Times
·
9m ago
Medial
Galaxy Health Insurance aims for significant growth. The company targets Rs 450 crore in premiums by fiscal year 2027. It anticipates breaking even within four years. Since April, premiums have reached Rs 40 crore. The insurer focuses on wellness and simplified claims. They plan to expand in West Bengal.
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