Payal Ganguly

AI is set to change the spacetech sector with potential use in the design of rockets and satellites, said Dr S Somanath, Chairman, ISRO, at the 15th edition of TechSparks.

By doubling down on the application layer of AI and solving for the diverse Indian population, India-made solutions can command nearly 10% share in the global AI value creation, said Ashustosh Sharma of Prosus and Mukul Arora of Elevation Capital, at the 15th edition of TechSparks.

Founded by Snapdeal Co-founders Kunal Bahl and Rohit Bansal, Titan Capital announced the final close of its Winners Fund to back breakout companies from its portfolio.

ElasticRun has halved its losses for FY24 with an improvement in gross margins. It pivoted to focus on the distribution of regional brands to move towards profitability, even as its GMV declined annually.

MSME-focused NBFC Finova Capital said the round offered exits to early investors. It had last raised $65 million in a round led by Norwest in 2022.

In a conversation with YourStory, Sanjeev Bikhchandani, Founder and Executive Chairman of Info Edge, says, India has a strong need for vertical-AI applications and educational institutes and academia can help push young entrepreneurs towards riding this wave.

BlueGreen Ventures' maiden fund will invest in early-stage startups and secondaries in growth-stage companies for mid-fund cycle returns for its LPs.

Brainbees Solutions, which operates FirstCry and BabyHug and holds a majority stake in GlobalBees, has pared its losses down to Rs 62.9 crore for Q2 FY25. The company reported a 26.4% increase in revenue on a consolidated basis.

Founder and CEO of OYO Ritesh Agarwal will increase his shareholding in hotel chain startup OYO to 32% with a fresh infusion of Rs 550 crore according to a recent shareholder notice. The share purchase will be held at a 45% premium from the company’s last round of funding in August.

Retail bellwether Walmart said that the major push for its international advertising business came from Flipkart. The company also indicated that Flipkart’s Big Billion Days sale had a positive impact on the growth of its ecommerce business in Q3.