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Centre Rolls Out Incentive Scheme To Deploy 5,600 E-Trucks

Inc42 · 5h ago

Centre Rolls Out Incentive Scheme To Deploy 5,600 E-Trucks

The heavy industries ministry has launched an incentive scheme under the PM E-DRIVE initiative to encourage the deployment of 5,600 electric trucks (e-trucks) across India. This scheme offers subsidies as upfro...

2

Astrotalk In Talks To Raise $50 Mn At Unicorn Valuation

Inc42 · 23h ago

Astrotalk In Talks To Raise $50 Mn At Unicorn Valuation

Astrotalk, the astrology startup, is currently in talks to raise $50 million in its Series B round, targeting a valuation between $1.3 billion and $1.5 billion, according to sources cited by Inc42. The company ...

5

Bharti Space To Invest Additional INR 1,204 Cr In Eutelsat

Inc42 · 1d ago

Bharti Space To Invest Additional INR 1,204 Cr In Eutelsat

Bharti Space Limited, part of Bharti Enterprises, plans to invest an additional €120 million (around INR 1,204 crore) in the French satellite operator, Eutelsat. This investment supplements a prior commitment o...

3

Smartworks IPO: Issue Subscribed 17% On Day 1 So Far

Inc42 · 1d ago

Smartworks IPO: Issue Subscribed 17% On Day 1 So Far

On its first day, Smartworks' IPO was 50% subscribed. The non-institutional investors' segment was completely subscribed, receiving bids for 22.14 lakh shares versus 22.17 lakh on offer. Retail investors bid fo...

2

Starlink Gets Final Regulatory Approval In India

Inc42 · 2d ago

Starlink Gets Final Regulatory Approval In India

Starlink has received final regulatory approval from India's IN-SPACe to begin commercial operations in the country. This approval allows Starlink to provide satellite-based internet services via its Low Earth ...

1

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Inc42 · 2d ago

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Indigo Ventures, the VC arm of the airline Indigo, has marked the first close of its maiden fund at INR 450 Cr, after receiving SEBI approval for an alternative investment fund (AIF). The fund aims to raise INR...

1

Smartworks Raises INR 174 Cr From Anchor Investors

Inc42 · 2d ago

Smartworks Raises INR 174 Cr From Anchor Investors

Smartworks, a coworking space provider, has raised INR 173.64 crore from anchor investors ahead of its public issue. The company allocated 4.3 million equity shares at INR 407 per share to these investors. Nota...

1

Varthana Nets INR 159 Cr Debt To Scale Affordable Schools, Boost Green Infra Varthana Nets INR 159 Cr Debt To Scale Affordable Schools, Boost Green Infra

Inc42 · 2d ago

Varthana Nets INR 159 Cr Debt To Scale Affordable Schools, Boost Green Infra Varthana Nets INR 159 Cr Debt To Scale Affordable Schools, Boost Green Infra

Varthana, an education-focused NBFC, raised INR 159 crore in debt from BlueEarth Capital, Franklin Templeton Alternative Investments, and responsAbility. The funding aims to expand affordable schools and enhanc...

1

Exclusive: Infra.Market Acquires Majority Stake In Metro Group

Inc42 · 3d ago

Exclusive: Infra.Market Acquires Majority Stake In Metro Group

Infra.Market has acquired a majority stake in Metro Group, a ceramic tiles manufacturer, through a share swap deal valued at INR 200 Cr. This strategic move aims to enhance Infra.Market's presence within the ti...

1

Medial Quiz

Rainmatter primarily focuses its investments and grants in which of these areas?

Heavy Manufacturing and Infrastructure

Luxury Goods and Fashion

Fintech, Climate Action, and Health & Wellness

Traditional Media and Entertainment

6

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BlackBuck To Appeal Tax Demand Notice Over TDS Issues

Inc42 · 3d ago

BlackBuck To Appeal Tax Demand Notice Over TDS Issues

BlackBuck, a logistics startup, received a tax demand notice of INR 28.55 lakh from the Income Tax Department for failing to deduct tax on certain expenses eligible for TDS. The notice, dated July 7, has prompt...

1

Can AI Fix VerSe’s Broken Notes, subtl.ai Shuts Shop & More

Inc42 · 4d ago

Can AI Fix VerSe’s Broken Notes, subtl.ai Shuts Shop & More

VerSe Innovation, the parent company of DailyHunt and Josh, is navigating challenges as AI reshapes India's content landscape. The company recently reduced its workforce by 30% to incorporate AI technology amid...

1

Tracxn's Board Greenlits Stock Buyback Worth INR 8 Cr

Inc42 · 4d ago

Tracxn's Board Greenlits Stock Buyback Worth INR 8 Cr

Tracxn, a listed market intelligence platform, has approved a stock buyback program worth INR 8 crore. The company plans to purchase 11.42 lakh shares at INR 70 each, a 22% premium over the previous closing pri...

1

New-Age Tech Stocks Fall Amid IPO Rush, FirstCry Biggest Loser This Week

Inc42 · 5d ago

New-Age Tech Stocks Fall Amid IPO Rush, FirstCry Biggest Loser This Week

Shares of new-age tech companies, including startups like FirstCry and Go Digit, fell this week amid several IPO filings. FirstCry and Go Digit emerged as significant losers, with shares dropping by 6.75% and 6...

1

IPO-Bound Smartworks’ FY25 Loss Widens 27% To INR 63.2 Cr

Inc42 · 6d ago

IPO-Bound Smartworks’ FY25 Loss Widens 27% To INR 63.2 Cr

In the fiscal year 2024-25, coworking startup Smartworks experienced a widened consolidated net loss of INR 63.2 Cr, up 26.5% from INR 49.9 Cr the previous year. Despite increasing its operating revenue by 32.3...

3

Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders

Inc42 · 6d ago

Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders

InMobi, an adtech unicorn, raised INR 32 Cr ($3.7 Mn) from its cofounders and Vatera Pte. Ltd. The funding will support its working capital needs. InMobi plans to file its IPO in the second half of 2025 and is ...

1

Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme

Inc42 · 7d ago

Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme

The Indian government plans to introduce a INR 2,000 crore incentive scheme to boost the domestic drone industry over three years. This initiative seeks to localize the production of drones and related componen...

10

Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

Inc42 · 7d ago

Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

Yulu, an electric mobility startup, is raising INR 70 Cr (around $8.2 million) from cofounders and existing investors through a rights issue. Key investors include Bajaj Auto and Magna International, with cofou...

4

Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses

Inc42 · 8d ago

Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses

Lenskart has invested in Mumbai-based deeptech startup AjnaLens to develop AI-powered smart glasses. This partnership aims to leverage Lenskart's frame design expertise alongside AjnaLens' advanced XR technolog...

1

Medial Quiz

Which AI startup focused on finance and accounting recently secured $6.5 million in Series A funding?

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