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Jan 23, 2025 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Devashish Shrivastava |Apoorva Bajj
On January 22, Hindustan Unilever (HUL) declared that it had finalised a deal to purchase 90.5% of the high-end actives-led beauty brand Minimalist through secondary buyouts at a pre-money enterprise value of INR 2,955 crore, subject to primary infusion and adjustments based on transaction documents. According to the conditions outlined in the sale paperwork, HUL stated in its presentation that it will purchase the remaining 9.5% ownership from the founders in two years.
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Jan 23, 2025 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Devashish Shrivastava |Apoorva Bajj
According to Aravind Srinivas, creator and CEO of Perplexity AI, the AI search engine offers its premium subscription plan to staff and students at his alma mater, IIT Madras, for free. All IIT Madras instructors, staff, and students, where the CEO completed his undergraduate studies, have received complimentary Perplexity Pro from the company.
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Jan 23, 2025 | 
startuptalky.com | Devashish Shrivastava |Apoorva Bajj |Kanimozhi Sivakumar |Sakshi Jadhav
On January 21, three leading IT companies announced that they would form a new business, Stargate, to expand artificial intelligence infrastructure in the US. The business, which President Donald Trump referred to as the "largest AI infrastructure project in history," was announced by Oracle Chairman Larry Ellison, SoftBank CEO Masayoshi Son, and OpenAI CEO Sam Altman at the White House on January 21 afternoon.
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Jan 23, 2025 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Devashish Shrivastava |Apoorva Bajj
With the distribution of approximately 1.2 Cr in stock options to qualified employees, foodtech giant Zomato has increased the size of its employee stock option plan (ESOP) pool. The company, managed by Deepinder Goyal, announced in an exchange statement on October 2 that its board has approved the issuance of 1,19,97,768 stock options under various ESOP schemes.
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Jan 21, 2025 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Muskaan Kapoor |Devashish Shrivastava
On January 20, foodtech giant Zomato released its financial results for the third quarter (Q3) of the fiscal year 2024–2025 (FY25). 57% Profit Slumps in Q3 of FY25: The foodtech giant's consolidated net profit fell 57.2% to INR 59 Cr from INR 138 Cr in the same quarter the previous year. Profit fell 66% sequentially from INR 176 Cr in Q2 of FY25.
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Jan 21, 2025 | 
startuptalky.com | Muskaan Kapoor |Devashish Shrivastava |Apoorva Bajj |Himaya Presthitha
Payment aggregators Razorpay and Cashfree also intend to end all third-party collaborations and integrations with payment orchestration systems like Juspay in response to PhonePe's lawsuit. Cashfree intends to stop using third-party routers and orchestrators for integrations. According to a statement from a Cashfree Payments representative, the brand can expedite feature release and provide better support and merchant experience by providing direct integration.
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Jan 13, 2025 | 
startuptalky.com | Tejas Mundhada |Apoorva Bajj |Devashish Shrivastava |Shevaughn Pimenta
Asish’s life story is true of perseverance, innovation, and determination. Asish has managed to defy the odds in building a successful company that flourished as a category leader and is now a symbol of resilience. Asish's journey with OfBusiness was one of building from scratch. Moreover, he faced many challenges, but his unwavering belief in his vision made him a pioneer in his field.
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Nov 28, 2024 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Devashish Shrivastava |Apoorva Bajj
According to data from market intelligence platform Redseer, sales of electric vehicles (EVs) are expected to reach 22 million units by 2030, having grown rapidly from 0.8 million units in 2023. In order to target this segment, on 27 November, Honda Motorcycle & Scooter India (HMSI) unveiled the Activa e, an electric variant of its well-known Activa scooter, and the QC1, a second model, marking the company's official entry into the Indian EV two-wheeler market.
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Nov 28, 2024 | 
startuptalky.com | Nitin Konde |Varun Bhardwaj |Devashish Shrivastava |Apoorva Bajj
Hyperpure, Zomato's B2B supply division, has introduced the "Express" delivery service in response to the growing demand for speedy deliveries. The express delivery service will be accessible from 8 AM to 4 PM, according to the Hyperpure app. It will cost INR 99 and be available with Hyperpure's regular next-day delivery. The products supplied at a premium price in comparison to the normal delivery option will be delivered within 30 minutes to 4 hours via the express service.
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Sep 26, 2024 | 
startuptalky.com | Nitin Konde |Apoorva Bajj |Devashish Shrivastava |Varun Bhardwaj
✍️ Opinions
— 4 min read
This article has been contributed byPraveer Kochhar, Co-Founder & CPO, Kogo Tech Labs. Gen Z is coming of age as consumers, and they are changing everything we know about customer service. Their influence on consumer behavior is massive with older generations now accepting AI. McKinsey found that 74% of Gen Z customers, 82% of millennials, and 81% of Gen X customers are more accepting of AI-powered customer service now than ever before.
