Tag: #news

  • Anupam Mittal says Kashmir’s Growth Story Is Rooted in Resilience

    Kashmir, often dubbed “India’s Switzerland,” is much more than scenic beauty, says Anupam Mittal, Founder and CEO of People Group and investor on Shark Tank India. Speaking in a recent LinkedIn post, Mittal argued that the region’s real charm lies in its resilience rather than mere aesthetics.

    “Switzerland is pretty, but at times, sterile. Kashmir is raw, rustic, ravishing,” he wrote. Mittal emphasised that the region’s progress over the past few years has been remarkable, with economic growth and tourism picking up despite historical challenges.

    Economic and Tourism Growth

    According to Mittal, Kashmir’s economy is currently valued at $35 billion and is growing at over 10% annually. Tourism has surged dramatically, from just over 20 lakh visitors in 2019 to 2.5 crore in 2024. Agriculture, particularly apples, saffron, nuts, and honey, has also seen a boom. “Incomes [have risen] 2–3x, anecdotally,” Mittal noted.

    He highlighted the efforts of local startups, such as FastBeetle and Bayaan, which have been promoting Kashmiri products and tourism. However, Mittal also drew attention to the fragility of progress. Following a recent attack in Pahalgam, tourism plummeted by 90%, demonstrating the vulnerabilities the region still faces.

    Observations from On-the-Ground Visit

    Mittal recently visited Kashmir and shared his observations, highlighting the region’s spirit of hope and resilience:

    Kashmiris are “beautiful inside and out” and extremely hospitable.

    • Government measures and security forces are ensuring full safety.
    • Locals, initially shaken, have regained confidence and are continuing their economic activities.

    “The terrorists attacked the very engine of progress, the economy, deliberately and mercilessly. But instead of breaking Kashmiris, it gave them a steely resolve to unite,” he wrote. A shopkeeper in Gulmarg shared a message of optimism, pointing to the sky, “Woh dega…he will provide,” reflecting the community’s enduring faith.

    Resilience as Kashmir’s True Appeal

    Mittal drew a broader lesson from his visit, noting that while Switzerland markets perfection, Kashmir exemplifies resilience. “Faith in the face of uncertainty. Gratitude even after loss. Resilience is the real beauty of Kashmir,” he said.

    He concluded by inviting readers to experience Kashmir firsthand, highlighting that it is “80% cheaper and infinitely more beautiful than Europe.”

    Kashmir’s story, as observed by Mittal, is not just about natural beauty. It is about the people’s ability to recover, adapt, and thrive despite adversity, a lesson that resonates across careers, businesses, and nations.


    Anupam Mittal Story: Founder of Shaadi.com | Net Worth | Education |
    Anupam Mittal the founder of People Group and Shaadi.com, is among the Judges of Shark Tanks India. Here’s his success story, about his personal life, education, net worth, and more.


  • Daily Indian Funding Roundup & Key News – 12th September 2025: FarmDidi Raises ₹7 Cr, IFC Invests $137 Mn in E-Bus Fleet, Infosys Announces INR 18,000 Cr Buyback & More

    India’s startup and corporate ecosystem witnessed a dynamic mix of funding activity, strategic investments, and market-shaping developments on 12th September 2025. From D2C brands and EV battery circularity startups securing fresh capital to IFC’s major bet on India’s electric bus expansion, the day also saw Infosys announcing its largest-ever share buyback and strong IPO oversubscriptions for Urban Company and DevX. Additionally, the government unveiled a INR 100 crore scheme to boost green hydrogen startups, marking a significant push toward sustainable innovation.

    Daily Indian Funding Roundup – 12th September 2025

    Company Amount Round Lead investor(s) Sector
    FarmDidi Rs 7 Crore Seed Samved Ventures D2C / Food / Pickles
    PeakAmp INR 12 Crore Seed Caret Capital Battery circularity / EV battery recycling & second-life solutions
    JBM ECOLIFE & GreenCell Mobility $137 Million Financing / Investment IFC (International Finance Corporation) E-mobility / Electric buses & charging infrastructure
    Unico Housing Finance INR 120 Crore Equity infusion Anicut Capital & UC Impower Affordable housing finance

    FarmDidi raises Rs 7 Cr led by Samved Ventures

    Tech-enabled D2C pickle brand FarmDidi has raised INR 7 crore in a seed funding round led by Samved Ventures, with participation from LetsVenture, Indigram Labs, IIM Calcutta Innovation Park, and angel investors from IIM Calcutta & Symbiosis. The funds will be used to scale the team, invest in R&D, introduce tech-led quality systems, and grow its rural women entrepreneur base (“Didis”) from ~2,000 to 5,000.

    PeakAmp raises INR 12 crore in Seed round led by Caret Capital

    Battery circularity startup PeakAmp has secured INR 12 crore in a seed round led by Caret Capital, along with IIM Ahmedabad Ventures, Basant Sharma & Group, and others. The company is building a full-stack solution for end-of-life (EOL) EV battery management — safe collection, second-life reuse, high-purity materials recovery — aiming to support India’s clean energy transition and resource circularity.

    IFC invests $137M in JBM ECOLIFE & GreenCell Mobility to boost India’s e-bus fleet

    The International Finance Corporation (IFC) is providing $137 million in financing to JBM ECOLIFE and GreenCell Mobility to accelerate deployment of electric buses and charging stations across India. Of this, $100 million is for JBM ECOLIFE and $37 million (mezzanine capital) for GreenCell. The initiative aims to deploy 4,000 e-buses and build charging infrastructure across 39 municipalities, generate 12,000 jobs (with focus on women), and introduce a payment security mechanism to mitigate risks for state transport undertakings.

    Unico Housing Finance raises INR 120 Cr from Anicut Capital & UC Impower

    Chennai-based Unico Housing Finance Pvt. Ltd has raised INR120 crore from Anicut Capital and UC Impower via an equity infusion to scale its operations within India’s affordable housing finance segment. The funding will help the company increase its footprint, particularly in Tier II & III cities, catering to first-time home buyers and underserved markets.

    Key Business News for 12th September 2025

    Infosys announces largest ever INR 18,000 crore share buyback at INR 1,800 per share

    IT major Infosys has approved a massive buyback plan worth INR 18,000 crore, purchasing 10 crore shares at INR 1,800 per share, which works out to about 2.41% of its paid-up equity capital. The buyback comes at a 19% premium over its market price.

    Urban Company IPO issue oversubscribed ~15X on Day 3

    On its third day of bidding, Urban Company’s IPO was oversubscribed about 15.3×, with investors placing bids for 164 crore shares against ~10.6 crore shares on offer.

    DevX IPO issue oversubscribed ~26X on Day 3

    The IPO of coworking space provider DevX (Dev Accelerator Ltd.) saw very strong demand, being oversubscribed nearly 26× by Day 3, with ~34.34 crore shares demanded vs ~1.31 crore shares on offer.

    Government launches INR 100 crore scheme for green hydrogen startups

    The Indian government, via Union Minister Pralhad Joshi, has introduced a ₹100 crore scheme aimed at boosting innovation among green hydrogen startups. The scheme offers up to INR 5 crore per project for pilot initiatives in technology areas such as hydrogen production, storage, transport and utilisation. A safety panel under the National Green Hydrogen Mission (NGHM) has also been announced.


    Daily Indian Funding Roundup & Key News – 11th September 2025
    India’s startup ecosystem and business landscape saw a mix of big-ticket funding, strategic expansions, and market-moving developments on September 11, 2025.


  • 78% Women in Tech Believe AI Will Bridge the Employment Gap, Reveals Apna.co’s Engineer’s Day Survey

    • Survey conducted on 11,300 women in tech on Apna’s platform; 86% of GenZ respondents and 74% from Tier-2/3 cities see AI as the great equaliser in tech careers.
    • 64% of women in tech said AI expertise matters more than a degree from a top college.
    • Nearly 50% aspire to become AI software developers, followed by data science (19%), product (14%), and research roles (10%).
    • 58% are already upskilling in AI through jobs, online courses, or formal training.

    On the occasion of Engineer’s Day, Apna.co, India’s leading jobs and careers platform, unveiled findings from a landmark survey of over 11,300 women in technology. The study highlights a decisive shift toward workplace equity, with 78% of women in tech believing that AI can help them access better and in-demand opportunities.

    The survey also reflects the diversity of India’s emerging tech workforce: a majority of respondents were Gen Z (52% under 25), nearly 60% hailed from Tier-2/3 cities, and two-thirds studied at non-elite colleges. Participation spanned core technology functions, with the largest representation from software engineering, design, data science, research, and IT security. Reported median salary ranges stood at ₹6 lakh per annum, offering a snapshot of the opportunities shaping India’s future-ready workforce.

    Upskilling for the AI era – 58% are already learning AI, 24% plan to start soon

    The survey shows that women in tech are actively preparing for an AI-driven future. 58% are already pursuing AI/ML training through jobs, formal programs, or self-learning, while another 24% plan to start soon. The intent is strongest among GenZ respondents (62%) and those from non-elite Tier-2/3 colleges (70%), underscoring how India’s youngest and most widely distributed talent pool is betting on AI to level the playing field.

    Career ambitions are equally clear: nearly half aim to become AI software developers, followed by 19% targeting data science and ML roles, 14% product management, and 10% research. The trend points to women prioritising industry-facing, high-demand roles.

    Breaking the pedigree barrier –  64% believe AI skills matter more than elite college degrees

    In the survey, nearly two-thirds (64%) of women in tech said that AI expertise now matters more than graduating from an elite college. The belief was strongest among GenZ respondents (62% of those aged 22–25) and women from Tier-2/3 cities (74% compared to 66% in metros). Respondents from non-elite and regional colleges were the most emphatic, with 56% saying AI skills outweigh pedigree. In contrast, only a third of premier-college graduates agreed, with many still placing higher value on traditional degrees. Together, the findings point to a clear generational and geographic shift  with GenZ women from Tier-2/3 colleges increasingly seeing AI skills as the real equaliser.

    42% cite lack of opportunities, 27% mentors, 19% training as biggest challenges

    When asked about their biggest challenges in pursuing AI opportunities, respondents pointed to areas where more support can make a difference: 42% highlighted the need for better access to quality opportunities, 27% asked for stronger mentorship, and 19% called for advanced training options. The findings suggest that while women in tech are optimistic about AI as an equaliser, greater investment in access, networks, and upskilling can further unlock their potential.

    Reflecting on the findings, Nirmit Parikh, Founder and CEO of Apna.co, said: “This survey shows that women in tech are ready to embrace AI – not as a buzzword, but as a real driver of equal opportunity. It’s inspiring to see that 58% are already using AI at work or actively learning it, and many more are preparing to follow. At Apna, we stand for creating limitless opportunities and building an inclusive future of work. We are adapting to this AI-first approach with solutions like AI Job Prep, already adopted by 43% of these women on the platform to prepare for real interviews. Our mission is clear – when access meets intent, technology can power an inclusive workforce where opportunities are defined by skills and ambition.”

    Apna.co’s Engineer’s Day 2025 Survey captures a pivotal moment: India’s women in technology led by GenZ and powered by Tier-2/3 ambition are embracing AI as the great equaliser. With growing confidence in AI, active upskilling underway, and a shift from pedigree to skills, women in tech are shaping a more inclusive, skills-first workforce that reflects the breadth of India’s talent.

    About Apna

    Founded in 2019, Apna is India’s leading jobs and careers platform, dedicated to helping India’s rising workforce unlock professional networking, skilling, and livelihood opportunities. Spanning more than 40% of the country’s pincodes, Apna is on a mission to enable livelihoods for billions in India. With over 60 million users across 900+ cities and trusted by more than 700,000 employers, Apna is the destination for opportunities across 200+ job categories.

  • Deloitte to India Staff: Come to Office 2 Days a Week or Else Risk Pay And…

    Deloitte employees in India receive a notice to come to the office at least 2 days a week. If taken casually, the consequences will be reflected in the employees’ annual report. The company will track everyone’s attendance in the office starting from October 1, 2025. One might wonder why such open notices are given to its employees. Is the company going through any major changes? Or is it just a simple call? How’s it going to hurt the annual report if not followed? Learn more. 

    Why Is Deloitte Making This Change?

    Back in 2020 – 2021, Deloitte, just like other companies, allowed its employees to work from home. The work-from-home culture overstayed its welcome for many companies. Now that travel is back on and corporate is fully moving towards in-office work, even Deloitte feels it’s time to make calls. And because:

    • It believes that its teams work together better in the office.
    • It feels that things are much easier around the office to best serve its clients.
    • And to enhance collaboration when it matters most.

    How Is Deloitte Planning to Make This Work Out?

    Well, Deloitte operates from 7 offices in Hyderabad, Mumbai, Delhi/NCR, Bengaluru, Kolkata, Pune, and Chennai in India. And most of the employees work from home at the moment. So, after the notice, here’s what’s likely going to happen:

    • Employees must come in at least 2 days a week, and it’s not optional and non-negotiable.
    • Starting from October 1, 2025, stricter attendance policies will come into place.
    • The manager will most likely schedule on which days the employees are mandated to come to the office.
    • For now, it’s just 2 days because the office areas (seating) of Deloitte are limited and can’t accommodate everyone at once.

    What if Employees Don’t Follow It?

    • The tracking will mark the employee’s absence from the office for that day.
    • The tracking will reflect the annual performance reviews of employees.
    • Ultimately leading to bad employee ratings, fewer promotions, or less pay growth.

    Are Other Companies Doing the Same?

    Deloitte isn’t alone and is far better than the other companies that mandate office work because:

    • PwC (UK) asked its staff to work from the office at least 3 days a week, and of course, that’s a non-negotiable one.
    • JPMorgan Chase mandated its employees to work from the office only (5 days a week), and it’s a must.
    • HSBC directly connects the office presence of employees to their bonuses.
    • And the Deloitte US tax division already linked the presence to the performance and pay. 
  • Zupee to Lay Off 170 Employees After Real-Money Gaming Ban

    Indian gaming startup Zupee has announced it will lay off 170 employees, about 30 per cent of its total workforce, following the implementation of a new regulatory regime that bans real-money online games. The company is also restructuring its operations and changing strategic priorities.

    Why Zupee is Laying Off Employees

    The layoffs are in response to the Promotion and Regulation of Online Gaming Act, 2025, which bans games involving monetary stakes, whether directly or indirectly. As a result of this new law, Zupee has had to shut its real-money gaming offerings.

    In statements, Zupee’s CEO Dilsher Singh Malhi, said this was a difficult decision, but it was necessary to adapt to the new regulatory framework.

    Zupee’s Employee Support Measures and New Business Strategy

    Although many employees are being let go, Zupee is offering several aid measures:

    • Financial assistance beyond the contractual notice period. Some long-serving staff will receive up to six months’ aid.
    • Health insurance coverage that remains in place for its full term, even after departure.
    • A medical support fund of ₹1 crore to help those impacted.
    • A guarantee that affected employees will receive first priority for re-hiring when suitable roles open up.

    On its business model, the company plans to shift focus towards social games and other entertainment products without monetary stakes. It aims to offer culturally grounded gaming, ad-supported content, and possibly subscription services. Zupee also announced new features such as “Zupee Studio” (micro-dramas) and a subscription called “Zupee Plus” for ad-free games and shows.

    Industry-Wide Impact: Real-Money Gaming Ban and Its Effects on Indian Startups

    Zupee is not alone. Several other firms operating in real-money gaming have similarly downsized. For example:

    The new law marks a significant shift for India’s gaming sector. Companies that relied on real-money games are now pivoting to models that do not involve monetary risk to comply with the law.

    Final Thoughts

    Zupee’s decision to lay off 170 employees is a direct consequence of stricter regulations on real-money gaming in India. The company is making efforts to ease the impact on staff and is refocusing its business on social, cultural, and entertainment-based offerings. This episode highlights how legal changes can force rapid shifts in business strategy, especially in sectors sensitive to regulation.


    Dream11, Gameskraft, Zupee, MPL Suspend Real-Money Gaming Services
    Dream11, MPL, Zupee, Gameskraft, and PokerBaazi suspend real money games after India passes Online Gaming Bill 2025.


  • Rad Beverages Presents ‘Twisted Tails’ — India’s First Versatile Concept Curated Cocktail Mixer & Ready-to-Drink Brand, A Revolution in Flavour!

    ~ ‘One for every tale’

    • Made with Real Juices, Real Spices & A Twist
    • Designed for versatility, pairs effortlessly with the spirit of your choice — or stands tall on its own.
    • Crafted with Bold Flavours, Less Sugar & More Twist

    Meet Twisted Tails, a refreshingly daring twist in India’s beverage scene, the first concept-driven line of curated, versatile mixers that pair effortlessly with the spirit of your choice and ready-to-drink (RTD) beverages crafted with real fruit juices, real spices, and no artificial flavouring. It’s time to stir out of the ordinary.

    At its heart, Twisted Tails stands for “One for Every Tale” — celebrating every kind of story that unfolds when people come together. Sweet or bitter, happy or sad, spontaneous or mischievous, whatever the mood, there’s a Twisted Tails flavour to match the ‘tale’.

    Each variant is designed with a flavour-packed personality and a plot twist to keep things unpredictable. Made with real ingredients and real vibes, Twisted Tails is built for versatility, spontaneity, and storytelling equally at home, poured straight from the bottle, served over ice, or mixed into cocktails.

    Founded by dynamic trio Radhika Sharda, Raghav Sharda, and Atin Khanna, Twisted Tails emerges as a game-changer in the Indian beverage landscape, addressing the growing demand for premium, authentic, and easy-to-use drink solutions. A premium, imaginative catalyst that elevates your drinking experience, empowering you to celebrate every moment and ignite memorable, unconventional social connections through bold, unexpected flavour adventures.

    Radhika Sharda, Co-Founder of Rad Beverages, said: “The new Indian consumer doesn’t just want a drink they want an experience. We saw a clear gap in the Indian market for mixers that were versatile, flavour-forward, made with real juices & spices while being convenient without compromising on quality. With Twisted Tails, our vision was to create something that aims to fill this gap and doesn’t just sit on a shelf but sparks stories. Drinks are always at the center of conversations, memories, and connections, and we wanted to make those moments more playful, more real, and always a little twisted.”

    Twisted Tails brings you four bold flavours — crafted with real fruit juices and spices, versatile enough to mix your way: (Price – 200 /- each bottle)

    • Bizarre – Orange & Coffee: A bold and unconventional pairing, this mixer is for the audacious trendsetter. It’s a surprising fusion that challenges expectations and delights the senses.
    • Mystical – Vanilla & Caramel: Dive into a world of rich indulgence. This mixer embodies a charming, smooth character, perfect for those who appreciate classic elegance with a hint of mystery.
    • Uncanny – Cinnamon Clove Apricot & Peach: A warm, comforting, yet delightfully complex profile, for the thoughtful connoisseur. It evokes a sense of nostalgia with a contemporary twist.
    • Enigmatic – Tea & Jasmine: An intriguing and sophisticated blend, this flavor is for the curious and adventurous spirit. Its delicate floral notes and refreshing tea base invite exploration.

    “For us, Twisted Tails was never just about launching another beverage,” says Raghav Sharda, Co-Founder, Rad Beverages. “It was about changing how people think about mixers in India. We’ve taken familiar fruits and spices and given them a bold new expression, one that invites creativity, experimentation, and fun. Whether you’re mixing it up or sipping it straight, Twisted Tails is about celebrating flavour in a way that feels modern, memorable, and unmistakably original.” It’s drinking culture, reimagined for today.

    What makes Twisted Tails stand out in India’s mixer and ready-to-drink space is its versatility and relevance to today’s consumer. With Gen Z and millennials seeking flavour- driven choices, convenience, and products made with real ingredients, Twisted Tails delivers on all fronts designed to be mixed with your favourite spirit, stirred into a mocktail, or simply enjoyed on its own as a refreshing ready-to-drink option.

    Twisted Tails breaks away from the usual mixer and ready-to-drink crowd with flavours that fit right into the lifestyle of today’s dynamic audience. They want bold taste, real ingredients, and zero fuss and Twisted Tails delivers. They want bold taste, real ingredients, and zero fuss and Twisted Tails delivers. Designed to be mixed with your choice of spirit, stirred into mocktails, or simply sipped straight from the bottle, these flavours are made to match the moments that matter most.

    Atin Khanna, Co-Founder, Rad Beverages expressed his enthusiasm saying: “We’ve poured our passion into creating a brand that celebrates quality, innovation, and fun. At Twisted Tails, we believe every bottle should surprise you just like a good story. Each flavour has its own unique character and flavour profile, bringing a distinct twist to every drink. Unlike typical one-dimensional mixers, Twisted Tails is multi-layered and versatile bursting with unexpected twists for you to experience & create whether you sip it straight or mix it up, or enjoy it together. There’s one for every tale.”

    In addition to online availability at the below channels, Twisted Tails is at 10 Nature’s Basket stores across major Indian cities, including Gurgaon, Mumbai, Bangalore, Pune, and Kolkata. The brand is also available on Blinkit in Punjab, covering cities like Ludhiana, Jalandhar, Amritsar, Mohali, and Patiala, with Delhi NCR soon to follow.

    Twisted Tails invites you to explore a new dimension of beverages where every sip is an adventure and every drink tells a Twisted Tale.

    About Rad Beverages

    An innovative Indian concept beverage company committed to pushing the boundaries and curating versatile mixers and ready-to-drink beverages. Built on creativity, quality, and a bold approach to flavour, Rad Beverages develops products that reflect the evolving tastes and lifestyles of today’s consumers. Its flagship brand, Twisted Tails, is India’s first versatile cocktail mixer and ready-to-drink range crafted with real fruit juices and spices. Designed to celebrate storytelling and create memorable experiences, Twisted Tails brings versatility and imagination to every sip, proving there’s one for every tale. 

  • Infosys’ Biggest Buyback: ₹18,000 Crore and ₹1,800 a Share on the Table for Shareholders

    If you are a shareholder in Infosys, this could be good news for you. Infosys is offering a big buyback of its shares worth ₹18,000 crore, at a 19% premium over the current share price. Notably, this is the largest buyback ever for Infosys. You might wonder if it’s all going too well for the company, and so it’s willing to buy back shares? Or is this a strategic move? Here’s everything you need to know about the buyback, the current price, the offered price, and more. Read below. 

    Infosys Buyback Key Details

    • Infosys aims to buy 10 crore shares from its shareholders. They contribute to 2.41% of the company’s total shares.
    • Each share has a face value of ₹5.
    • The current market price for the shares (as of September 11, 2025) is ₹1,509.50 (BSE) and ₹1,512.20 (NSE).

    Today it’s priced at:

    Infosys Share Price Today (September 12, 2025)
    • Now, Infosys is officially offering ₹1,800 per share, which is 19% more than the market price (closing price) on September 11, 2019.

    What Happens in a Buyback for Investors?

    It’s all up to you, if you want to hold the shares or sell them back to the company. In case you want to sell, you get ₹1,800/share. This means you are getting a premium of 14% more than the market value.

    If you don’t want to sell, then you can keep the shares. It’s a plus to keep your shares, because the number of Infosys shares will go down, meaning they will become more valuable in the days to come. 

    Example

    • Let’s say you hold 100 shares of Infosys. 
    • As of September 11, 2025, the market price is ₹1,509.50 (BSE) and ₹1,512.20 (NSE). Let’s consider that you get ₹1,510.
    • If you sold them for the market, you would only get around ₹1,51,000.
    • But, if you sold them to Infosys directly, you’ll get ₹1,80,000.
    • An extra gain of ₹29,000 (before tax).

    But here’s the thing, it’s not that easy to sell the shares:

    Tender Offer System – Most buybacks happen via a tender system, meaning you’ll apply to sell the shares. And of course, the company won’t buy all of your shares.

    Acceptance Ratio – The offered price is sure to attract many shareholders, and if the applications exceed expectations, the company only accepts a part of them.

    Example: You offer 100 shares, but Infosys may buy only 40 of them.

    • Additionally, the profit you make is a capital gain, so the tax applies accordingly. The company is still due for the shareholders’ approval.
    • And after that, a Record Date and Tender Offer Period will be announced, and only then can you apply to your Demat Account.

    Are Infosys’ Financials Supporting This?

    Yes, because Infosys had a free cash flow of around ₹7,805 crore ($884 million) in the June 2025 quarter.

    Previous Buybacks by Infosys:

    The company has a history of buybacks, and this time around, it’s its largest to date. Here’s the timeline and price:

    • 2017 → ₹13,000 crore at ₹1,150/share (11.3 crore shares were bought back successfully).
    • 2019 → ₹8,260 crore.
    • 2021 → ₹9,200 crore, with a max price of ₹1,750/share (that was around the time when IT took a boom).
    • 2022 → ₹9,300 crore at ₹1,850/share.
    • Now in 2025 → ₹18,000 crore at ₹1,800/share, it’s pretty evident, it’s the biggest ever.

    Other Important Happening: Infosys + HanesBrands

    The company also announced another major development along with the buyback: a 10-year partnership with HanesBrands Inc. (it’s a global apparel company).

    They have partnered with Infosys because the company will help in:

    • Using its LEAP (Live Enterprise Automation Platform).
    • Using Infosys Topaz, an AI-first suite.
    • Deploying generative AI and AIOps technologies.
    • And overall digital transformation.
  • Tesla to showcase Model Y with NODWIN Gaming at the thrilling BGMS Season 4 Grand Finals

    NODWIN Gaming, South Asia’s leading gaming and esports company, today announced a collaboration with American electric vehicle manufacturer Tesla for the Grand Finals of the Battlegrounds Mobile India Masters Series (BGMS) Season 4. This is Tesla’s first-ever collaboration with an Indian esports tournament, marking a historic moment for the country’s esports industry. 

    The Grand Finals of BGMS Season 4 will be held from September 12 to 14, bringing together the top 16 teams in the country to compete in a high-octane LAN Final. Tesla, which recently entered the Indian market by opening experience centers in BKC, Mumbai, and Worldmark Aerocity, Delhi, will showcase one of the world’s best-selling cars, the redesigned Model Y, at the event, giving fans a firsthand look at one of the most technologically advanced vehicles on the road. The Grand Finals will open with the Tesla Light Show, which has become a viral cultural phenomenon at global events over the years.

    Both Tesla and NODWIN Gaming share a forward-looking identity of innovation, disruption, and technology leadership. Tesla’s integration of software, EV technology, and even gaming into its cars mirrors the digital-first mindset of esports. Collaborating with NODWIN Gaming for BGMS enables Tesla and NODWIN to mutually enhance their presence in India, engaging directly with a vibrant, youth-first community at the forefront of digital entertainment. As the only esports tournament in India broadcast on national television, the entire collaboration created unparalleled visibility among Gen Z and millennial audiences, highlighting the growing cultural and commercial significance of esports in the country.

    “At NODWIN Gaming, every season of BGMS is about pushing boundaries, and this year we’re proud to have Tesla join the journey. Their association reflects how esports in India has grown into a mainstream cultural and commercial platform that forward-looking brands want to engage with. Together, we’re shaping how global brands and gaming communities connect, here in India and beyond. Collaborations like this show what’s possible when innovation and culture come together,” said Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming.

    According to the FICCI-EY Media and Entertainment Industry Report 2025, the number of brands investing in esports in India is expected to grow from 68 in 2024 to 75 in 2025, fueled by new titles, larger tournaments, and deeper engagement with youth audiences. Season 4 of BGMS is a testament to this surge, with a powerful line-up of partners including OnePlus as Title Sponsor and Official Smartphone Partner, Android as Co-Title Sponsor, and TVS Motor Company entering its third consecutive year. The tournament also features Red Bull, Duolingo

    English Test, Swiggy, and Bisleri, further proving the sector’s growing ability to attract marquee global and Indian brands.

    The BGMS Season 4 Grand Finals will be broadcast live on Star Sports Khel and on JioHotstar from September 12 to 14, airing during prime-time from 5 PM to 8 PM IST.

    About NODWIN Gaming

    NODWIN Gaming, a leader in new-age youth entertainment, gaming, and esports, holds a significant position in the global gaming and esports industry in emerging markets. Since its inception in 2014 by Akshat Rathee and Gautam Virk, NODWIN has established a global presence in regions such as Taiwan, South Asia, Singapore, the Middle East, Germany, and Central Asia.

    The company’s business centres around building and monetising global youth access through pop culture, gaming, esports, live events and content through IPs such as Leagues, Tournaments, and Reality shows. It engages with Artists, Content Creators, professional esports athletes, and teams. Notable investors include Founders investment vehicle Good Game Investments, Nazara Technologies (BSE: NAZARA), KRAFTON Inc, Sony Group Corporation and JetSynthesys.

    A key focus for NODWIN Gaming is the expertise in the global south and the timeshare of mindshare of the global youth on mobiles. NODWIN has established a dominant position worldwide in this space. By catering to the youth demographic, NODWIN is expanding its Total Addressable Market by becoming increasingly relevant in the rapidly evolving digital entertainment landscape. Their diverse range of intellectual properties that engage the youth spans esports, gaming, pop culture, music, and comedy. This strategic expansion and cultivation of new intellectual properties are crucial to NODWIN’s aim of maintaining a significant role in the global youth media, gaming and esports arenas.


    Tesla Hits the Road in India with Model Y Launch
    With the launch of its first dealership in Mumbai’s Bandra Kurla Complex, Tesla has made its debut in the Indian market. The Model Y, which will be priced at INR 59.89 lakh for the entry-level RWD form and INR 67.89 lakh for the long-range variant, will serve as


  • PeakAmp raises ₹12 crore seed investment led by Caret Capital to power the future of battery recycling

    PeakAmp, a pioneering battery circularity company, has raised ₹12 crore (USD ~1.37 million) in seed funding led by Caret Capital, with participation from IIMA Ventures, renowned angel investor Basant Sharma and Group, and other prominent investors in clean-tech, mining, and recycling.

    Founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is building India’s first full-stack, tech-enabled solution focused on the collection, segregation, and recycling of lithium-ion batteries, including second-life repurposing and high-purity material recovery. The company is on a mission to establish a circular economy for batteries, leveraging strategic partnerships and cutting-edge technology.

    “My vision is to create India’s benchmark platform for battery recycling, where every battery is responsibly collected, reused, and recycled through data-driven processes. Our mission is not only to tackle battery waste, but to set global standards for sustainable resource recovery and make circularity integral to India’s clean energy future, propelling India towards true energy sovereignty and a global leadership role in circular innovation.” – Vijay Gond, Co-Founder, PeakAmp.

    “PeakAmp’s tech-enabled, partnership-driven model is built for scale. Their ability to extract critical materials efficiently has the potential to make them a key player in India’s push for energy independence. As EV adoption grows, Battery Recycling will play a crucial role in reducing import dependence and building a resilient domestic battery ecosystem.”  — Karan Mittal, Managing Partner, Caret Capital

    In a short span since inception, PeakAmp has shown impressive traction—executing successful pilots with leading industry players and forging partnerships across the battery lifecycle, from collection and logistics to disassembly and materials recovery.

    “Circular economy solutions are no longer optional—they’re mission-critical. With PeakAmp, we’re backing a team that’s solving one of the most urgent and under-addressed challenges of the clean energy transition: responsible battery disposal and resource recovery. This is how we build a regenerative future.” — Pankaj Bansal, Managing Partner, Caret Capital

    What truly sets PeakAmp apart is its full-stack model, which combines advanced materials-recovery technology—delivering 99%+ efficiency and purity for critical metals such as lithium, nickel, copper among others—with a growing reverse-logistics network to safely transport and trace end-of-life batteries. The company embeds rigorous compliance, end-to-end traceability and sustainability across the battery value chain, and complements this with state-of-the-art diagnostics to assess cell health and enable second-life applications for EOL batteries.

    India’s EV market is expected to surge from $35 billion in 2024 to $111 billion by 2029, with over 80 million EVs hitting the roads. This rapid growth brings with it a massive increase in battery consumption—and an equally critical challenge of managing end-of-life batteries.

    Today, India faces an 8x shortfall between its existing battery recycling capacity and what will be required in the coming years. PeakAmp aims to bridge this gap—turning waste into value and enabling a cleaner, self-reliant energy future.

    About PeakAmp

    PeakAmp is a pioneering battery circularity company, building India’s first full-stack solution for End-of-Life (EOL) EV battery management. From safe collection and second-life repurposing to high-purity material recovery, PeakAmp transforms end-of-life batteries into valuable resources, driving India’s clean energy transition and circular economy.

    About Caret Capital

    Caret Capital is a sustainability-focused thematic venture capital fund, investing in category-building startups across three sectors – Smart Mobility, Distribution & Supply Chain, and Jobs, that have the strongest tailwinds and the highest multiplicative effect that would potentially represent USD 1.2 trillion by 2030 in India’s growth story. Caret capital is on a mission to reduce 10 million metric tons of CO2 emissions and the creation of 10 million jobs.

  • Daily Indian Funding Roundup & Key News – 11th September 2025: Eruditus Secures $150 Mn, Snap-E Cabs Raises $2.5 Mn, iPhone 17 India Launch & More

    India’s startup ecosystem and business landscape saw a mix of big-ticket funding, strategic expansions, and market-moving developments on September 11, 2025. From Eruditus securing $150 million through refinancing to Snap-E Cabs raising $25 million in a bridge round, the day highlighted continued investor interest across edtech, EV mobility, and consumer brands. Meanwhile, key business updates such as NPCI raising UPI transaction limits, Apple unveiling the iPhone 17 in India, Meesho’s Mega Blockbuster Sale announcement, and Urban Company’s IPO grey market premium surge added momentum to India’s tech and business ecosystem.

    Daily Indian Funding Roundup – 11th September 2025

    Company Amount Round Lead investor(s) Sector
    Eruditus $150 Mn Refinancing Not disclosed Edtech / Executive education
    Wehouse INR 25 Cr Funding round Anthill Ventures; others Prop-tech / Home construction
    Snap-E Cabs $2.5 Mn Bridge round IPV (Inflection Point Ventures) EV / Mobility
    Crion Tech INR 3.5 Cr Funding round SIG Tattva Semiconductor / Tech
    Biokraft INR 2 Cr Pre-seed round GVFL Biotech / Sustainability
    Ember $3.2 Mn Funding round Not disclosed (Saransh Goila joined as partner) D2C Cookware brand

    Eruditus secures $150 Mn refinancing amid edtech slowdown

    Global edtech player Eruditus has raised $150 million through refinancing as fresh funding dries up in the sector. The move provides the company liquidity support to navigate the current funding winter in edtech while continuing to scale its executive education programs in partnership with top universities worldwide.

    Wehouse raises INR 25 Cr from Anthill Ventures and others

    Hyderabad-based prop-tech startup Wehouse has secured INR 25 crore in funding from Anthill Ventures and other investors. The company, which focuses on streamlining the home construction process with technology, plans to expand operations and enhance its digital-first offerings for urban home buyers.

    Snap-E Cabs raises $2.5 Mn in bridge round led by IPV

    Electric mobility startup Snap-E Cabs has raised $2.5 million in a bridge funding round led by Inflection Point Ventures (IPV). The fresh capital will help the company expand its EV fleet, strengthen charging infrastructure, and scale operations in urban mobility markets.

    Crion Technologies raises INR 3.5 Cr led by SIG Tattva

    Crion Technologies has raised INR 3.5 crore in a funding round led by SIG Tattva. The startup, focused on semiconductor and electronics innovations, will use the funding to accelerate R&D, expand its product portfolio, and strengthen its manufacturing capabilities.

    Biokraft raises INR 2 Cr in pre-seed round from GVFL

    Biotech startup Biokraft has raised INR 2 crore in a pre-seed funding round from GVFL. The company develops sustainable and eco-friendly biotechnological solutions, and the funds will be deployed to support product development and early-stage commercialization.

    Cookware brand Ember raises $3.2 Mn; Chef Saransh Goila joins as partner

    Premium cookware brand Ember has secured $3.2 million in funding as it continues to expand its D2C presence. Popular chef Saransh Goila has also joined the company as a partner, bringing culinary expertise and brand credibility. The company aims to scale product innovation and strengthen market penetration in the cookware segment.

    Key Business News for 11th September 2025

    UPI limits raised to INR 10 lakh for high-value payments from September 15

    The National Payments Corporation of India (NPCI) is increasing UPI transaction limits starting September 15, 2025. Under the new rules, person-to-merchant (P2M) payments in select categories such as insurance, capital markets, government payments, travel, and merchant/business transactions will have per-transaction limits of up to INR 5 lakh, and a daily ceiling of INR 10 lakh in many cases. The aim is to ease large payments digitally while ensuring safety, especially for verified merchants.

    iPhone 17 launch in India: Prices, models, features, and market impact

    Apple has unveiled the iPhone 17 series in India, introducing several new models including the base model, Pro, Pro Max, and a new “Air” variant. Key highlights include storage upgrades, improved displays, and design changes. The pricing starts at ~INR 82,900 for the 256 GB base model, with Pro and Pro Max variants priced higher. Pre-orders begin September 12, with full availability from September 19. The launch is expected to drive demand for premium smartphones and also shake up prices of older models, which are seeing discounts in anticipation.

    Meesho Mega Blockbuster Sale to begin September 19 ahead of festive rush

    E-commerce platform Meesho is launching its annual Mega Blockbuster Sale starting September 19, 2025, to kick off the festive shopping season. The event will feature promotional deals and discounts across fashion, beauty, home essentials, and more. To enhance engagement, Meesho is expanding its content-commerce elements such as short video formats and livestream shopping experiences. This move is aimed to grab early shopper attention ahead of the big festival sales by larger rivals.

    Urban Company IPO sees GMP surge of ~33% ahead of subscription window

    Home services marketplace Urban Company has filed for an IPO of ~INR 1,900 crore, with a share price band of INR 98-103. Ahead of the public subscription window opening on September 10, its grey market premium (GMP) has risen sharply—around 33% above the upper price band—indicating strong investor confidence. The IPO comprises a fresh issue alongside an offer for sale by existing shareholders. The listing is expected to be closely watched as one of the few big tech-sector IPOs this year.


    Daily Indian Funding Roundup & Key News – 10th September 2025
    India’s startup and business ecosystem witnessed notable activity on 10th September 2025, with multiple funding deals across D2C skincare, UAV technology, healthcare talent mobility, legal-tech, and HR tech.