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  • Vecmocon Technologies Closes $18 Million Series A Round to Power Advanced EV Intelligence Platforms

    • Fresh funding of $8 million is being raised in Phase 2 of the Series A round led by Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital
    • This funding builds upon the earlier Series A capital of $10 million, raised in November 2024, which was led by Ecosystem Integrity Fund (EIF) and included participation from British International Investment (BII) and Blume Ventures

    Vecmocon Technologies, a deep-tech electric mobility solutions provider, today announced the successful closure of its Series A funding round, raising a total of $18 million. The round was led by Ecosystem Integrity Fund (EIF), with participation from Blume Ventures and Aavishkaar Capital. This funding expands upon the earlier Series A capital of $10 million, raised in November 2024 from EIF, British International Investment (BII), and existing investor Blume Ventures, which also backed the company at the pre-Series A stage.

    “This infusion of capital will be used to further accelerate our Research and Development endeavours, with a goal of building the most robust and advanced platforms for connected electric vehicles and energy storage ecosystems. We are committed to designing, developing, and manufacturing entirely within India to address both Indian and global market demands effectively. In doing so, we are preparing to become a significant contributor to the global transition efforts towards sustainable electric mobility and clean energy.” Said Peeyush Asati, CEO and Co-Founder, Vecmocon.

    Vecmocon is developing a future-ready EV intelligence stack that includes functional safety-compliant Battery Management Systems (BMS), Smart chargers, Vehicle Intelligence Modules (VIMs), secure OTA infrastructure, and AI-native analytics platforms to support OEMs, fleet operators, and EV ecosystem and infrastructure companies in India and international markets.

    Speaking on funding, Devin Whatley, Managing Partner at EIF, said, “At EIF, we’re thrilled to support Vecmocon as it builds the technical backbone for India’s rapidly expanding EV ecosystem. Its cutting-edge solutions unlock smarter, safer, and more reliable EVs – accelerating the shift to sustainable transportation. With its customer-centric approach, demonstrated performance, and passionate team, we believe Vecmocon is well-positioned to lead the EV intelligence movement in the country.”

    Aligned with India’s strategic initiatives, including Make in India, FAME-II, and the Production Linked Incentive (PLI) scheme, PM-eDrive Vecmocon’s products are fully designed and manufactured domestically, fostering technological sovereignty and self-reliance.

    “We are delighted to support Vecmocon in their mission to revolutionise sustainable and clean mobility. This investment aligns perfectly with our commitment towards fostering innovative solutions that drive positive environmental impact,” said Shashvat Rai, Partner at Aavishkaar Capital. “ The Vecmocon team has made great strides in developing the right solutions for marquee Indian OEMs, and we believe Vecmocon’s cutting-edge technology will play a critical role in shaping the future of the global electric vehicle industry.”

    With its sights set on global electric vehicle (EV) markets, Vecmocon is proactively preparing its product roadmap to address growing international demand. The company is focused on integrating advanced technological innovations, including zonal ECU-compliant architectures, 5 G-enabled V2X communication devices, secure boot environments, and comprehensive automotive cybersecurity protocols, ensuring reliability, safety, and enhanced connectivity for next-generation electric vehicles.

    About Vecmocon Technologies

    Founded in 2016 and incubated at IIT Delhi, Vecmocon Technologies is a full-stack, deep-tech company developing safety-critical electronic and software platforms for electric vehicles. Its offerings include Battery Management Systems (BMS), intelligent chargers, Vehicle Intelligence Modules (VIM), motor controllers, and cloud-based analytics, ensuring superior performance, reliability, and data-driven insights for EV OEMs, fleet operators, and financial institutions. Vecmocon’s solutions are enabling more than 100,000 vehicles, including two-wheelers, three-wheelers, and light commercial vehicles. Expansion plans target high-voltage vehicles, passenger cars, fleet operators, electric buses, electric trucks, and energy storage systems in both Indian and international markets.

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  • Blinkit Shuts Down in Pune by FDA for Operating Without License

    In the Balewadi-Baner neighbourhood of Pune, the dark store “Energy Darkstore Services”, one of the stores of Blinkit, has been the target of significant action from the Maharashtra Food and Drug Administration.

    The FDA has ordered this establishment to close immediately due to numerous major irregularities and operating without a valid food licence. Following an on-the-spot examination on June 5, this action was conducted.

    This establishment is classified as a food business under Section 31(1) of the “Food Safety and Standards Act, 2006” and requires a licence to operate, per the order issued by the FDA Joint Commissioner’s Office. Energy Darkstore Services was nevertheless delivering and keeping food items without a legitimate licence.

    FDA Inspection Reveals Massive Irregularities

    Numerous abnormalities that Blinkit engaged in during its regular business operations were discovered during a recent FDA team examination. Although a licence was applied for, it was never submitted. The food was stored in rusting racks.

     It was discovered that the store’s cleanliness regime was incredibly subpar. Food package information was discovered to be inaccurate. The employees lacked hygienic certifications and wore no protective gear, such as headgear. For milk and fruits, the necessary certificate was not accessible.

    FDA Giving Stern Warning to Store Manager and Owner

    Omprakash Mantri, the establishment’s owner, and Jai Arvind Bhaskar, the store manager, were found guilty of breaking food safety regulations. Legal action has been threatened against each of them.

    In June 2024, Energy Darkstore Services requested a food licence; however, the licence was denied since the necessary paperwork was not correctly provided. In spite of this, the corporation proceeded to distribute food, which is against the law. The FDA has made it clear that more than one retailer would be affected by the action.

    Every dark store and online food distribution centre in Pune is undergoing a thorough inspection. According to FDA officials, any operation will be deemed a violation of the regulations as long as there is no legal food licence.

    However, by filing all the necessary paperwork, the business can receive a licence under the Food Safety Act and resume operations if it so chooses.

    Dark businesses deliver food straight to customers who place internet orders. According to officials, if these establishments fail to adhere to safety, storage, or cleanliness criteria, it is directly affecting the public’s health.

    The Food Safety and Standards Act will be strictly enforced, the FDA has warned, if it is discovered that such operations are running without a licence.

    This move serves as a reminder to all other underground businesses to promptly obtain legitimate documents. According to FDA authorities, this is only the start. The watchdog body is currently monitoring all dark businesses in Pune city.

  • Reliance & Shein to Take India-Made Fashion Global Within a Year

    According to numerous media reports, fashion retailer Shein and partner Reliance Retail intend to quickly grow their Indian supplier base and begin selling Shein-branded clothing abroad in the next six to twelve months.

    As per stories published in the media, the Singapore-based e-commerce company, which was started in China, has been in talks with the Indian retailer about plans ever since the US put tariffs on Chinese goods, which made sourcing more difficult. The goal is to increase the number of Indian suppliers from 150 to 1,000 in a year.

    Shein said it licensed its brand for use in India. Shein sells inexpensive clothing, like dresses for $5 and pants for $10, that are supplied straight from 7,000 Chinese vendors to consumers in about 150 countries. Its largest market is the United States, where it is acclimating to tariffs on low-value, duty-free Chinese e-commerce packages.

    As part of government action against companies with ties to China amid border tensions with its northeast neighbour, the shop started in India in 2018, but its app was blocked in 2020. In February, it made a comeback under a licensing agreement with the Reliance Industries division, which established SheinIndia.in to sell clothing bearing the Shein name made in nearby factories. Shein’s other websites, on the other hand, primarily feature Chinese products.

    Reliance Building its Garment Manufacturing Network

    As per reports, Reliance, which is owned by Asia’s richest man, Mukesh Ambani, has agreements with 150 clothing manufacturers and is in talks with 400 more. Within a year, 1,000 Indian manufacturers are expected to produce Shein-branded clothing for the Indian market as well as to supply some of Shein’s international websites.

    Shein initially intends to list clothing made in India on its websites in the US and the UK. Discussions have been going on for months, and depending on the number of suppliers, the six- to 12-month launch date may change.

    Reliance, which handles manufacturing, supply chain management, sales, and operations in the Indian market, has been granted a domestic brand licence by Shein, the company announced in a statement.

    The goal of the Shein-Reliance alliance, according to Minister of Commerce and Industry Piyush Goyal, was to establish a network of Indian suppliers of Shein-branded clothing for sale “domestically and globally” in December.

    Shein Gaining Popularity in India

    Shein is a massive fast-fashion company that makes over $30 billion a year thanks to its aggressive marketing and inexpensive costs. Although some of its items are created in Turkey and Brazil, the majority come from China.

    The company’s expansion in India is indicative of the interest in the country from Walmart and other global fashion and retail companies, particularly those seeking suppliers outside of China as a result of the Sino-US trade conflict.

    According to data from market research firm Sensor Tower, the Shein India app has been downloaded 2.7 million times on the Apple and Google Play stores, with an average monthly growth of 120%.

    Only 12,000 designs have been offered in the first four months, which is a small portion of the 600,000 products on its US website. As of June 9, the cheapest item in the women’s dresses category is 349 Indian rupees ($4), while the US website charges $3.39.

  • Roomstory.ai Raises INR 3 Crores in Pre-Seed Funding Led by Rukam Sitara to Power AI-Driven Interior Commerce

    • Aakash Anand, Founder of Bella Vita Organic, along with Wolfpack Labs, participated in the pre-seed funding round led by Rukam Sitara
    • Funds to boost platform’s AI capabilities, launching the website and mobile applications, and delivering a seamless digital experience

    Roomstory.ai, India’s first AI-powered shopping assistant for all things interiors, has raised INR 3 Crores in a pre-seed round led by Rukam Sitara Fund. The company will use the raised capital to enhance its AI capabilities, launch its website and mobile applications for a seamless digital user experience, and grow its user base while building a community of interior design enthusiasts.

    “Most interior platforms force you to choose between inspiration and shopping, we eliminate that divide. Roomstory doesn’t just show you a beautiful room; it hands you the exact tools to recreate it, wherever you prefer to shop,” said Ekatva Jain, Co-founder & CEO of Roomstory.ai.

    Rukam Sitara Fund’s participation reflects its belief in the potential of design-tech platforms to scale meaningfully. Known for backing visionary consumer-first brands, the fund brings strategic support along with capital to help Roomstory build its next phase of growth.

    On investment, Archana Jahagirdar, Founder and Managing Partner, Rukam Sitara Fund, asserted, “Roomstory is the kind of bold, intuitive idea we love to support, rooted in deep design expertise and powered by cutting-edge AI. Their platform unlocks massive potential in a category that has long lacked innovation. We believe Roomstory is poised to reshape how modern consumers design and shop for their homes.” 

    “Roomstory is tapping into a massive shift in how modern consumers discover and buy for their homes. Their AI-native approach bridges the long-standing gap between dreaming and doing.” added Aakash Anand, Founder, Bella Vita Organic.

    Founded by architect-entrepreneurs and longtime friends Ekatva Jain (CEO), Sahil Lunia (Chief Design Officer), and Punit Jain (COO), Roomstory combines over a decade of design experience and 100+ completed interior projects with a tech-first approach to transform how people create and furnish their spaces. Roomstory.ai is an AI-powered platform that allows users to explore beautifully styled rooms and instantly shop every item through direct links to retail partners, offering a seamless & Pinterest-like experience. The platform focuses on inspiration-first commerce, bridging the gap between browsing and buying in the interior design space.

    Globally, the home and interior shopping category, valued at over $800 billion, is shifting toward visual-first, AI-powered discovery. In India, this trend aligns with a rapidly growing market. Research shows that the interior design sector is expected to be valued at $38.2 billion by 2027, growing at a CAGR of 30% between 2021 and 2027. When combined with the Indian furniture market, the total opportunity reaches around $76 billion. This rapid growth both in India and globally signals a clear need for bold, tech-first solutions like Roomstory.ai and reinforces the critical role of visionary entrepreneurs and a strong ecosystem in redefining the future of interior commerce. 

    About Rukam Sitara 

    Rukam Sitara is a venture capital (VC) fund located in New Delhi, committed to fostering the growth and development of early-stage technology startups. It focuses on investment activities of enterprises founded by innovative and ambitious Indian entrepreneurs. Rukam Sitara’s mission is to identify, invest in, and accelerate the progress of the most promising tech ventures in India. Its purpose extends beyond financial investment; Committed to supporting and nurturing the spirit of entrepreneurship and innovation in India.

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  • Sunnova Slashes Over Half its Workforce, Lays Off 718 Employees in Major Shake-Up

    In an attempt to cut expenses while one of its companies declares bankruptcy, Sunnova Energy has let go of 718 workers, or around 55% of its workforce. In a filing on 5 June’s afternoon, Sunnova informed federal regulators that its wholly owned subsidiary, Sunnova TEP Developer LLC, had declared Chapter 11 bankruptcy on 8 June.

    Companies that file for Chapter 11 bankruptcy have the opportunity to restructure their finances and continue operating. In its notice to the Securities and Exchange Commission, Sunnova stated that the bankruptcy filing “is not expected to have a material effect on our servicing operations for existing customers.”

    Sunnova, once a symbol of Houston’s transformation from the oil-and-gas city to the energy transition capital more generally, has seen a sharp decline in popularity, which is reflected in the enormous layoffs and bankruptcy filing.

    The company’s headquarters in Houston is also home to a large number of Sunnova’s staff. Since the start of the year, Sunnova has lost about 1,000 workers, including the over 300 workers it let go in February.

    Inimical Environment for Sunnova

    In March, Sunnova issued a warning to investors that there was “substantial doubt” that the company would be able to avoid going bankrupt the following year. John Berger, the company’s original CEO, left a week later.

     Since then, Sunnova has been “working diligently” to obtain funding, the company wrote in a May 30 letter to the Texas Workforce Commission. However, “after extensive negotiations”, it has yet to get sufficient investor backing to prevent the mass layoffs.

    According to Sunnova’s worker adjustment and retraining notification, some of its investors have “unexpectedly shut off access” to more loans, which “in turn prevents the continued origination of new solar systems and the completion of existing solar systems.”

    The self-described “faltering company” claimed in the notification that Sunnova’s financial situation was further limited by its incapacity to finish current solar installations.

    On May 30, the same day Sunnova delivered its letter to the Texas Workforce Commission, the mass layoffs went into effect. The letter stated that the company’s “unforeseeable business circumstances” prevented it from informing the state agency sooner.

    According to Sunnova, the entire renewables business was shaken by an abrupt, unexpected, and difficult macroeconomic environment.

    Lack of Strong Support and High Interest Rates Choking the Business Operations

    High borrowing rates and diminished state subsidy programs have hampered Sunnova, as they have hurt other residential solar enterprises. These factors make rooftop solar technology more costly for prospective buyers.

    Additionally, the US Senate is considering whether to remove federal tax subsidies for home solar systems as part of President Donald Trump’s “big, beautiful bill.” The cost of the technology would increase if those tax benefits stopped.

    Sunnova claims that it was the driving force behind the Department of Energy’s recent decision to revoke the majority of its $3 billion loan guarantee. The money would have been used to support Sunnova’s now-canceled initiative to increase solar access for Puerto Ricans, low-income individuals, and those with poorer credit ratings.

    Due to its $1.9 billion in debt that must be paid off in full by the end of 2028, Sunnova is particularly susceptible to these issues facing the industry.

  • Home Loan Rates Drop After RBI Cut — Big Relief for Existing Borrowers!

    Four significant public sector banks have changed their lending rates in response to the Reserve Bank of India’s (RBI) recent move to lower the repo rate by 50 basis points, which reflects the central bank’s monetary easing stance.

    In the face of persistent difficulties, the action seeks to boost credit expansion and sustain economic activity. One of the first banks to lower its repo-linked lending rate (RLLR) by 50 basis points was Bank of Baroda, which did so on June 7, 2025, when it dropped to 8.15%.

    Following suit, Punjab National Bank (PNB) maintained its Marginal Cost of Funds based Lending Rate (MCLR) at 8.35% but reduced their RLLR by 50 basis points to 8.35% as of June 9. Likewise, on June 6, Bank of India reduced its repo-based lending rate by 50 basis points to 8.35%.

    UCO Bank reduced its MCLR by 10 basis points over a range of tenures, with the one-year MCLR now at 9%. It also reduced its RLLR by 50 basis points starting on June 9 and now stands at 8.30%.

    Beginning on June 7, HDFC Bank, a prominent private sector lender, likewise lowered its MCLR by 10 basis points throughout all tenures. The overnight and one-month MCLR rates decreased to 8.9% as a result of this modification.

    Bringing a Big Smile on the Face of Existing Borrowers

    Floating-rate loans, which are required by RBI regulations to be adjusted in accordance with the benchmark repo rate, are immediately impacted by the RBI’s repo rate drop. Lower interest rates will therefore be an immediate benefit for current borrowers with floating-rate loans.

    However, because banks are anticipated to adjust the spreads they charge over the repo rate in order to remain profitable, new borrowers might not fully benefit from the rate decrease. For instance, Bank of Baroda’s home loan rates for first-time borrowers now start at 8% following the change.

    Due to this selective adjustment, current borrowers stand to benefit more than new ones, as many of them previously obtained loans at reasonable rates as a result of market competition. A number of public sector banks, including Union Bank of India, Bank of India, Bank of Maharashtra, and Central Bank of India, were providing home loans with interest rates as low as 7.85% for loans up to INR 30 lakh prior to the RBI rate drop.

    Home loans were available at 7.90% from other lenders such as Canara Bank, Indian Bank, Indian Overseas Bank, and UCO Bank; Canara’s rate applied to loans above INR 75 lakh, while others applied to smaller credit amounts.

    FDs will Fetch Lesser Returns Now

    Lenders are also anticipated to lower returns on fixed deposits (FDs) in order to maintain profitability in the face of rate cuts and increasing liquidity in the banking system. In the short term, this change might make fixed deposits less alluring to savers.

     While trying to promote economic growth through lower borrowing costs, the RBI’s drop of the repo rate and the banks’ subsequent adjustments show continuous efforts to balance credit availability, profitability, and competitive pressures in the Indian banking sector.

  • Lilavati Hospital Trustee Files Fraud Case Against HDFC Bank CEO in Explosive Claim

    With the CEO of HDFC Bank now also named as an accused for allegedly targeting and harassing founder trustee Kishor Mehta, the ongoing conflict between the current trustees and former trustees of the Lilavati Kirtilal Mehta Medical Trust (LKMMT), which operates the renowned Lilavati Hospital in Bandra West, Mumbai, has intensified.

     In connection with the INR 1,250 crore embezzlement scandal, Prashant Mehta, the current permanent trustee, has filed a formal complaint against the CEO of HDFC Bank and seven other former trustees, including Chetan Mehta and other members of the LKMMT, for criminal breach of trust and deceit.

     Prashant Mehta, a permanent trustee of the LKMMT, filed the FIR in response to an order from a Bandra magistrate court against Sashidharan Jagdishan, the CEO of HDFC Bank, and seven other people, including previous trustee Chetan Mehta. Chetan Mehta and several previous trustees were charged by Prashant Mehta in March with embezzlement of trust funds, money laundering, and other financial violations.

    After then, FIRs were filed, and an inquiry was requested from the Enforcement Directorate. Speaking at a press conference on June 7, Prashant Mehta charged that Sasidharan and prior trustees, notably Chetan Mehta, had harassed Kishor Mehta. The Bandra police filed a formal complaint against Sasidharan and the other suspects in accordance with the magistrate’s court order.

    HDFC Calling it a Strategy to Thwart Recovery

    HDFC Bank, a prominent private sector lender, has refuted allegations against its CEO, Sashidharan, asserting that the allegations were intended to impede the recovery process of loans borrowed from the bank by the trustees.

    However, Prashant Mehta asserted that Kishor Mehta, who is 84 years old, was continuously harassed by more than 100 court summonses for reporting the operations of the trust. Kishor Mehta passed away in the midst of ongoing legal and medical issues, Prashant Mehta added.

    INR 1.5 Crore Bribe-Falsely Presented as CSR Donation: Mehta

    The permanent trustee also claimed that senior hospital doctors were bribed with INR 1.5 crore under false pretences of a CSR donation in order to try to hide or destroy important documents. This is neither a personal quarrel nor a business miscommunication, according to Prashant Mehta.

    This is a pervasive criminal breach of the rule of law, charity law, fiduciary duties, and public funds. In addition to suppressing the truth, Mr. Sashidhar Jagdishan has obstructed justice by abusing his institutional position. In order to rebuild trust in India’s banking and judicial systems, the trust requests that he be removed immediately.

    There is substantial documentary evidence to support the complaint against Mr. Jagdishan: A recovered cash diary shows that prior trustees paid Mr. Jagdishan INR 2.05 crore in unauthorised cash transfers.

    INR 25 crore in trust funds were illegally deposited into HDFC Bank without any kind of resolution, authorisation, or supervision. Mehta claimed that Mr. Jagdishan and his family received preferential medical care and waivers at Lilavati Hospital in return for their quiet and complicity.

  • While the World Obsesses Over Google Rankings, Apoorv Sharma Helps SaaS Brands Get Discovered on ChatGPT

    New Delhi [India], June 9: As the founder of Derivate X, India’s first agency dedicated to LLM SEO (Large Language Model Search Engine Optimization), Apoorv is pioneering a shift in how companies think about search, discoverability, and digital memory.

    “Search is no longer about ranking links. It’s about training AI to remember your brand.”

    In a landscape where SEO has remained largely unchanged for two decades, he’s not just tweaking tactics, he’s building a new playbook altogether.

    From Haldwani to Headlining SEO’s Next Wave

    Apoorv’s story doesn’t begin in a VC-backed incubator or a fancy university. It starts in Haldwani, Uttarakhand, where he was born, grew up and lived the first 20 years of his life. 

    In the education front, he dropped out three times.

    First, from a BA English Honours program. Then journalism in Chandigarh University. Then finally, a BCA degree where he completed five semesters but couldn’t appear for the last exams due to COVID and a move to Mumbai.

    But while the formal education path broke down, something else sparked to life.

    “Back in 2018, I started a book blog with a friend. I was doing everything: web dev, writing, SEO. That’s when I first understood the power of organic discovery.”

    The blog wasn’t just a side project, it became a training ground. By 2023, Apoorv had built and sold a content brand called Stagbite, and after a short break, launched his most ambitious venture yet: Derivate X.

    What Is Derivate X?

    At its core, Derivate X is an SEO agency, but not like the others.

    Yes, they do traditional SEO. Yes, they build backlinks. But their edge lies in a discipline most agencies haven’t touched:

    LLM SEO, or as Apoorv puts it, “Creating digital evidence so that large language models treat you like an authoritative source.”

    They help growth-stage SaaS companies in the U.S. show up not just in Google but in AI tools like ChatGPT, Claude, Perplexity, and more.

    Imagine your brand being the answer when someone asks:

    • “What’s the best martech SEO agency?”
    • “Suggest top video hosting tools.”
    • “Who are the top AI agencies in India?”

    Derivate X is building the strategy, content, citations, and signals to make sure you are the answer.

    What’s It Like to Work With Them?

    The Derivate X model is engineered for clarity, control, and constant improvement.

    • Clients start with a deep ICP + product + competitor form
    • A dedicated Notion portal is created for full transparency
    • Weekly/Bi-weekly Slack updates and monthly reports keep alignment tight
    • Everything from technical SEO to ChatGPT prompt testing is centralized

    Today, Apoorv leads a lean remote team of 5. But they’re not just another SEO crew. They’re operators, strategists, and AI-native thinkers.

    But Wait, Does LLM SEO Even Work?

    That’s the most common question Apoorv gets. And he doesn’t blame anyone.

    “Most people think if you rank on Google, you’ll automatically rank on ChatGPT. But that’s like saying if you trend on Twitter, you’ll trend on Reddit too. It doesn’t work like that.”

    Derivate X measures LLM visibility by:

    • Tracking sessions coming from tools like ChatGPT and Perplexity
    • Logging citation patterns and prompt appearance frequency
    • Identifying branded search spikes in response to AI placement
    • Experimenting with visibility mapping dashboards via Metabase

    Why This Matters Now

    If you run a SaaS company, you know organic discovery is a long game. But LLM SEO compresses time, especially when executed early.

    “We’ve seen brands with zero Google traction get picked up by AI tools because the content was positioned right. That’s the power of context over backlinks.”

    In a space where most agencies are still optimizing H1 tags and chasing 90+ Ahrefs DR, Apoorv’s team is asking: “How does GPT-4 see your brand?”

    What’s Next?

    Apoorv isn’t just running campaigns. He’s building an entire ecosystem around AI-driven discoverability from frameworks and teardowns to future products.

    The name Derivate X comes from a concept in calculus:

    The derivative of x is always 1. In his words:“We want to be the one place that drives all your SEO growth. No noise. No gimmicks.”

    And with an approach that’s backed by performance (not packaging), Derivate X is poised to lead the next evolution of SEO.

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  • 1Point1 Acquires TECHSCIENT.AI to Drive AI-Led BPM Transformation

    One Point One Solutions Ltd. (1Point1), a publicly listed leader in Business Process Management (BPM) and digital transformation services, has announced the acquisition of a majority stake in TECHSCIENT.AI PRIVATE LIMITED, a next-generation AI-powered no-code automation firm specialising in autonomous software engineering. The strategic acquisition strengthens 1Point1’s AI-led automation capabilities and positions it as a key player in India’s digital transformation landscape.

    TECHSCIENT.AI, incorporated in September 2024, is an AI-first deep-tech firm focused on no-code workflow automation, generative AI solutions, and intelligent process orchestration. Its proprietary platform enables enterprises to design, deploy, and scale AI-driven workflows without manual coding, enhancing operational efficiency across industries.

    “With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,” said Akshay Chhabra, Promoter & Director, 1Point1. “TECHSCIENT.AI’s autonomous AI capabilities represent a pioneering shift in BPM. By integrating their advanced solutions into our ecosystem, we are enabling enterprises to automate complex operations, optimise costs, and scale at unprecedented speed.”

    TECHSCIENT.AI’s flagship platform integrates AI-native automation, API-first architecture, and real-time data intelligence to enhance customer experience and enterprise efficiency. The acquisition aligns with 1Point1’s commitment to AI-driven BPM, enabling rapid digital transformation across BFSI, healthcare, fintech, e-commerce, and logistics. The acquisition will enable 1Point1 to embed intelligent automation into its core BPM offerings and deliver more comprehensive, technology-led solutions to its clients. It will enhance the company’s ability to engage with new-age enterprises and digital-first clients seeking scalable, AI-driven solutions. 

    1Point1 will embed TECHSCIENT.AI’s autonomous AI engine within its BPM framework to optimise customer management, back-office operations, and workflow automation. The combined teams will focus on co-developing scalable AI-driven solutions for industries seeking intelligent automation at scale.

    The acquisition is expected to be fully completed by September 30, 2025.

    About One Point One Solutions Ltd. (1Point1)

    1Point1 is a leading BPM and digital transformation company delivering AI-driven automation solutions for enterprises worldwide. Focused on operational efficiency and process innovation, 1Point1 enables businesses to scale with intelligent, technology-led services. 1Point1 combines global experience, cutting-edge AI technology & expert outsourcing to drive transformation to enable businesses to accelerate in their growth journey. Over the last nearly two decades, it has acquired a reputation as a leading provider of Business Process Management (BPM) and digital transformation services. Present across over nine locations, worldwide, it is represented by over 5,000 employees.

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  • JP Morgan to Axe New Hires Who Quit Within 18 Months After Dimon’s Stern Warning

    According to a number of media stories, JP Morgan has warned new hires that they may lose their jobs if they accept positions at other organisations in the future.

    The CEO of the bank claimed that it was “unethical” to accept a position at JP Morgan with the intention of leaving for private equity within a few years. Co-heads of global banking at JP Morgan sent a harsh warning in an email addressing new hires right out of graduate school.

     According to the email, if an employee accepts a job offer from another company before joining JP Morgan or within the first 18 months of working there, they will receive notice, and their employment with the company would terminate.

    Financial Giant Wants Full Focus and Stronger Commitment from Employees

    With this action, the company has made it abundantly evident that joining the financial behemoth demands all of an employee’s attention and dedication. The memo stressed that meetings, training sessions, and other commitments are required in a stern tone aimed at younger staff.

    Termination may occur if any of these are missed. Only US-based candidates received the email, which warned them that they would lose their jobs if they accepted another offer, according to a media source.

    The fact that candidates frequently land future positions before beginning a current one seems to be a characteristically American problem.

    In September 2024, Dimon addressed a group of undergraduate business school students, saying, “I know a lot of you work at JPMorgan; you take a job at a private equity shop before you even start with us.” Since I didn’t discuss character, I’m going to say something a little different, all right. That, in my opinion, is unethical and the most significant aspect of people’s character. I dislike it.

    Naturally, the comment and the action that followed run the danger of upsetting the Private Equity Group, which makes up a sizable portion of JPMorgan’s business. The two men also write that avoiding any conflicts of interest is essential to preserving the faith and confidence that JP Morgan’s clients place in the firm and that failing to complete any portion of the training programme could result in termination.

    Poaching the New of the Financial Sector

    JPMorgan is not the sole Wall Street titan that is currently facing recruitment attempts from private equity firms. Recently, Goldman Sachs had to thwart a well-publicised attempt to hire one of its senior executives.

    Earlier this year, the David Solomon-led company gave Chief Operating Officer John Waldron an $80 million “golden handcuffs” package and a board seat in order to keep him on board. Marc Rowan’s Apollo Global Management had been pursuing Waldron for a significant position.

    Many believe that the retention bonus, which will completely vest over five years, is an attempt to retain the 55-year-old at Goldman, where he is thought to be Solomon’s most likely successor as CEO.