TICE News | Startup News Of The Week |
Welcome to our latest edition of the Startup Spotlight, where we bring you the hottest updates and developments from the dynamic world of startups! From groundbreaking innovations and government schemes to funding and new hirings in the startup space, our news bulletin dives into the heart of the startup ecosystem, keeping you informed and inspired.
Indian Cricketer Yuvraj Singh Invests in Greto, a Food and Beverage Startup
Indian cricketer Yuvraj Singh has made an undisclosed investment in the food and beverage startup Greto. Besides becoming a stakeholder in the company, he will also assist in its promotional efforts. Greto was founded in 2023 by Sanchit Tyagi, Divyanshu Rao, and Abhishek Rao. The company aims to open 100 Greto franchises in the next 6-12 months, starting in Delhi-NCR and expanding to Punjab, Himachal Pradesh, Rajasthan, and other states.
Zerodha Co-Founder Launches New Fund for Young Entrepreneurs
Nikhil Kamath, co-founder of Zerodha, has recently launched a new fund named WTF (We the Future) to encourage entrepreneurship among individuals aged 22 and under. This initiative has received support from Kishore Biyani of Future Group, Ananth Narayanan of Mensa Brands, and content creator Raj Shamani, who are committed to offering substantial support to the next generation of entrepreneurs.
Bharat to Launch and Manage UAE's Domestic Card Scheme
The international branch of the National Payments Corporation of India (NPCI) has entered into an agreement with UAE's AI Etihad Payments to launch and manage the UAE domestic card scheme. NPCI International Payments will play a crucial role in operating the UAE domestic card scheme while ensuring its smooth functioning through fraud monitoring and data analysis.
Student Hits Physics Wallah Teacher with a Slipper During Live Session
An incident involving a student hitting a teacher with a slipper during a live session on the ed-tech platform Physics Wallah has sparked controversy. The reasons behind this behavior are unclear at this time. Physics Wallah has been involved in controversies in the past, with previous instances of teachers facing criticism for using inappropriate language, as well as allegations of bribery.
Urban Company Enters Branded Product Category with RO Purifiers
After establishing a strong presence in the home service sector, Urban Company has expanded into branded consumer products. They have recently launched the RO water purifier. The company's Native M2 Water Purifier is available at an introductory price of INR 17,499, and the Native M1 model at INR 13,499. Urban Company is also preparing for an IPO.
Insurancedekho Raises $60 Million Funding, Nears Unicorn Status
Gurgaon-based insurance company Insurancedekho has recently secured $60 million in a series B funding round, bringing its total valuation to $200 million and putting it on the path to becoming a unicorn. Just seven months ago, InsuranceDekho raised $150 million in a series A round.
Federal Bank Launches UPI Services for NRIs
Federal Bank has extended its UPI services to include its NRI customers, aiming to enhance financial inclusivity. NRIs can easily access these services through the FedMobile app or any UPI application supporting NRIs with an Indian mobile number (+91) registered with the bank.
Ather Energy to Debut E-Scooters in Nepal
Indian electric scooter company Ather Energy has announced its entry into the international market with the launch of its flagship model, 450X, in Nepal through a partnership with Vadiya Energy, a subsidiary of Vaidya's Organization of Industries & Trading Houses. An Experience Centre in Kathmandu is set to open in November as part of this partnership.
Meta to Introduce Ad-Free Subscriptions for Facebook and Instagram
Meta is planning to launch ad-free subscription plans for Facebook and Instagram, with a reported price of $14 per month. This move is in response to concerns about data privacy in India and other countries. Ad-free subscriptions will allow Meta to display ads to Facebook and Instagram users according to their consent, following a similar plan implemented in the European Union.
Zomato's Deepinder Goyal to Join Shark Tank as a Shark
Deepinder Goyal, the co-founder and CEO of Zomato, has announced that he will be joining Shark Tank as a shark for season 3. The shooting for Shark Tank season 3 is scheduled to begin between December 2023 and January 2024. Deepinder Goyal launched his food delivery app, Zomato, in 2008 and has also been an active angel investor in various prominent startups.