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TREND | 08 Oct 2024

BigBasket, Urban Company lead in fair pay; most platforms fall short

Business Standard

Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses

Startups

TREND | 08 Oct 2024

Blinkit, Swiggy Instamart and BigBasket next on Mukesh Ambani's disruption list?

Business Today

Reliance has already launched pilot programs via JioMart in Navi Mumbai and Bengaluru, signaling its intent to shake up the fast-paced quick commerce market.

Startups

TREND | 07 Oct 2024

JSW Ventures picks up stake worth $1.8 mn in drone tech firm Aereo

Business Standard

JSW Ventures, an arm of diversified conglomerate JSW Group, on Monday said it has picked up a stake in drone technology entity Aereo for USD 1.8 million. Aereo uses drone technology and AI-driven data analytics to help clients in asset management in sectors including mining and infrastructure, a statement by JSW Ventures said. The company raised the funds as part of Series B funding round. Aereo, which is delivering operating profits, will be utilising the funds for strengthening its offerings and also expanding into international markets, it said. The company has helped the government map over 45,000 villages over the last three years and cover more than 50,000 square kilometer for the Digital India Land Record Modernization Program (DILRMP), the statement said. Aereo Co-founder and chief executive Vipul Singh said JSW's trust and support is a strong testament to its approach, and its mission to transform asset management through drone technology. JSW Ventures' managing partner .

Startups

TREND | 03 Oct 2024, 06:51PM

Gujarat to Launch Incubator For Manufacturing Startups With Johnson Controls-Hitachi

NDTV Profit

The startup incubator aims to provide a robust platform for startups focused on selected manufacturing sectors, fostering technological advancements, sustainability, and energy efficiency.

Startups

TREND | 02 Oct 2024

Venture capital firm CRV planning to do something rare: Give money back

Business Standard

The reason, four of the firm's partners said in a joint interview, is that market conditions have changed for the worse

Startups

TREND | 29 Sep 2024

Investing with no fear, no greed

Business Line

Venture capital firm Fundamentum sees growth opportunity in India's digital transformation

Startups

TREND | 29 Sep 2024

Startups join the party with craft mixers

Business Line

How non-alcoholic mixers, handcrafted by small players, are edging out sugary soft drinks, sodas in cocktail glasses

Startups

TREND | 27 Sep 2024

Private equity deals in India pick up after two years of decline

Business Standard

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Startups

TREND | 27 Sep 2024

Authum, Mahi Kela to acquire 46.85% stake in Prataap Snacks for Rs 846.6 cr

Business Standard

Authum Investment & Infrastructure, along with Mahi Madhusudan Kela, will acquire a 46.85 per cent stake in Prataap Snacks, the Indore-based packaged foods company that owns the snack brand Yellow Diamond and sweet snacks brand Rich Feast, in a deal valued at Rs 846.60 crore. They have entered into a share purchase agreement on Thursday to acquire the entire 46.85 per cent shareholding, which is around 1.02 crore equity shares, from its three Private Equity promoters, according to an early morning filing by Prataap Snacks. The three Private Equity promoters -- Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius Investments hold stakes of 2.48 per cent, 34.65 per cent, and 9.72 per cent, respectively. "The acquirer and PAC (Persons Acting in Concert) have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 ..

Startups

TREND | 25 Sep 2024

Flexible office space operators got $820 mn PE funding since 2017: Report

Business Standard

Flexible office space operators have received USD 820 million worth private equity funding since 2017 driven by rising demand from corporates, according to Knight Frank. In its report released on Wednesday, real estate consultant Knight Frank India said the Private Equity (PE) investments in India's flexible office space sector have fluctuated significantly. "From 2017 to 2018, investments grew steadily from USD 25 million to USD 49 million, rising sharply to USD 113 million in 2019, driven by investors like CLSA Capital and Peak XV Partners." However, investments fell to USD 11 million in 2020 and USD 6 million in 2021 due to Covid-19, it added. "A resurgence occurred in 2022, reaching USD 595 million, supported by deals from Hillhouse Capital and Actis, but dropped sharply to USD 13 million. In 2024, one deal secured USD 8 million," the consultant said. The report noted that flex-space operators have taken on lease an estimated 52.9 million sq ft (msf) from 2017 to the first hal