Business Update

The Indian startup ecosystem presents a fascinating paradox: while deal activity and exits are surging, venture capital (VC) fundraising has taken a significant dip. This dichotomy paints a picture of a maturing market, grappling with both optimism and caution. The Fundraising Downturn: A Deep Dive In 2024, Venture Capital fundraising in India plummeted by 35%, […]

A Strategic Move for Zoho In a significant move, Zoho Corporation’s co-founder and long-time CEO, Sridhar Vembu, has stepped down from his role to focus on leading the company’s research and development (R&D) efforts as Chief Scientist. This strategic shift positions Zoho to capitalize on the transformative potential of artificial intelligence (AI) and propel the

A New Chapter for Snapdeal Snapdeal, the popular Indian e-commerce platform, has appointed Achint Setia as its new CEO. This leadership transition marks a significant shift for the company as it navigates the dynamic Indian e-commerce landscape.    Leadership Transition Himanshu Chakrawarti, who has successfully led both Snapdeal and Stellaro Brands (AceVector’s private label arm)

A Powerful Alliance for AI-Driven Progress Google has joined forces with the state of Andhra Pradesh to accelerate the adoption of artificial intelligence (AI) and machine learning (ML) technologies. This strategic partnership aims to leverage AI to address critical challenges in sectors like sustainability, healthcare, and public administration. Key Focus Areas of the Collaboration A

Zomato, India’s leading food delivery giant, has sparked a heated debate with its unique job posting for a Chief of Staff position. Instead of offering a traditional salary, the company is asking candidates to pay a hefty fee of Rs 20 lakh ($23,700) for the opportunity. A Controversial Move Deepinder Goyal, Zomato’s CEO, justified the

Apple, the tech giant renowned for innovation, has taken a significant step towards expanding its footprint in India. The company has established its first Research and Development (R&D) subsidiary in the country, marking a pivotal moment in its global operations. A New Era for Apple in India The newly formed subsidiary, Apple Operations India, will

ITCONS e-Solutions Ltd has become a leader in staffing and recruitment services across India. Listed on the Bombay Stock Exchange (BSE), the company has made a name for itself by providing workforce solutions to over 10 industry verticals, offering both blue-collar and white-collar staffing. With a PAN India presence, ITCONS has positioned itself as a

In a surprising turn of events, the long-standing dispute between Indian fintech giant BharatPe and its former co-founder, Ashneer Grover, has come to a close. The two parties have reached a definitive agreement that will see Grover sever all ties with the company and transfer a portion of his shares. This marks the end of

Strategic Move to Dominate the North American Economy Hotel Market Indian hospitality giant Oyo has made a significant stride in its global expansion plans by acquiring G6 Hospitality, the parent company of the iconic Motel 6 and Studio 6 brands, for a substantial $525 million. This strategic move solidifies Oyo’s position in the North American

A Private Ordering Experience Food delivery giant Swiggy has recently unveiled a new feature called “Incognito Mode,” designed to cater to users seeking privacy in their food and grocery orders. This innovative addition to the platform allows users to place orders discreetly, ensuring their purchases remain hidden from their order history. Why Choose Incognito Mode?

In a strategic move that could redefine the Indian entertainment landscape, Zomato, the leading food delivery platform, has announced the acquisition of Paytm’s entertainment ticketing business for a substantial ₹2,048 crore. This acquisition marks a significant expansion for Zomato, as it ventures into the realm of event and entertainment ticketing. The Deal: A Win-Win for

In a significant development for India’s startup ecosystem, Google Cloud has unveiled plans to establish a state-of-the-art startup hub and center of excellence in Madhya Pradesh, according to Chief Minister Mohan Yadav. This initiative, announced during a session organized by Invest Madhya Pradesh in Bengaluru on August 8, marks a pivotal step in positioning the

India’s Chipmaking Ambitions Get a Boost Tata Group, India’s industrial behemoth, is set to play a pivotal role in the nation’s burgeoning semiconductor industry. The conglomerate’s ambitious plan to establish a state-of-the-art semiconductor assembly and test facility in Assam took a significant step forward with the recent groundbreaking ceremony. A Vision Realized Announced by Tata

  Gaming giant Nazara Technologies has announced the establishment of a new subsidiary, Nazara Technologies UK Ltd, in the United Kingdom. This strategic move is aimed at expanding the company’s gaming operations in the UK and leveraging new market opportunities. Strategic Expansion in the UK Market In a recent filing, Nazara Technologies emphasized that the

In a strategic move to diversify beyond manufacturing iPhones and AI servers, Apple supplier Foxconn is reportedly set to assemble iPads in India. This significant development will take place at Foxconn’s Sriperumbudur facility in Tamil Nadu. Expanding Operations: From iPhones to iPads Foxconn, known for its extensive iPhone manufacturing operations in India, is now evaluating