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Inc42 Media stands as India's leading modern tech media platform that supports entrepreneurship and serves as a hub for digital culture and innovation tailored for today's connected audience. We focus on creating and curating stories specific to India, with a strong commitment to highlighting startups, evaluating new Internet products, and delivering the latest updates in technology news.

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Can CleverTap’s Deep AI Roots Withstand The GenAI Tide?

1 day ago | inc42.com | Tapanjana Rudra

SUMMARY CleverTap started exploring the AI opportunity more than a decade back to sync consumer preferences with messaging and offers from brands Today, the company sends across a few trillion notifications and about 15 Bn emails every month to end consumers of the brands it works with, all managed by the Clever.AI platform launched last year With an arsenal of AI-powered plans in the pipeline, cofounder Anand Jain said CleverTap is looking at a 20-25% growth in the next 12-18 months and is...
Mixed Reality Startup Flam Nets $14 Mn From RTP Global, Others

2 days ago | inc42.com | Anne Florentyna

SUMMARY The round also saw participation from Dovetail and some of its existing investors as well Flam cofounder and chief executive Shourya Agarwal mentioned that these funds would be used for scaling up in the US market Excluding this round of investment, Flam has raised close to $8.5 Mn, since its inception Mixed reality startup Flam has secured $14 Mn (around INR 119 Cr) in a Series A funding round led by RTP Global, along with participation from Dovetail and a host of existing investors....
Hyperbots Bags $6.5 Mn To Automate Finance & Accounting Operations

2 days ago | inc42.com | Anne Florentyna

SUMMARY Additional investors participating in the round include JSW Ventures and existing investors such as Kalaari Ventures, Sunicon Ventures and Darashaw The startup plans to deploy the newly raised capital into accelerating Hyperbots’ market reach in the US region Last year Bengaluru-based Hyperbots raised $2 Mn in a seed funding round led by Kalaari Capital Agentic artificial intelligence platform for finance Hyperbots has secured $6.5 Mn (around INR 55 Cr) in a Series A funding round...
Tata Electronics Planning To Expand iPhone Enclosure Production At Hosur Unit

3 days ago | inc42.com | Anne Florentyna

Tata Electronics is reportedly planning to increase the production of enclosures for Apple’s iPhones at its Hosur facility. “Tata Electronics is looking to double its existing capacity of around 50,000 enclosures,” a source told ET. Sources also told the publication that the company aims to double its capacity ahead of Apple’s September product launches. Inc42 has reached out to Tata Electronics for comments on the development. The story will be updated based on the response.
D2C Snacking Brand Farmley Bags $40 Mn

3 days ago | inc42.com | Anne Florentyna

SUMMARY The round saw additional participation from the brand’s existing investor DSG Consumer Partners The startup plans to use the fresh capital to further scale up India’s dried fruits and nuts segment in the healthy snacking market Including the new round, the Delhi NCR-based startup has so far raised about $54.7 Mn since its inception D2C snacking brand Farmley has secured $40 Mn (around INR 338.8 Cr) in a Series C funding round led by L Catterton, along with participation from existing...
Inside The Corporate Governance Lapses At Indian Startups

3 days ago | inc42.com | Bismah Malik

SUMMARY Amid a frenetic rush for raising funds either from VCs or through listings, an increasing number of startups are resorting to accounting frauds and governance malpractices Inc42 probed a host of recent incidents to trace the pattern in perpetuating financial frauds in high-profile startups, involving founders, investors, and auditors While auditors and investors seem to be partly responsible for the financial mess, a clean-up mechanism has been put in place to rein in fraudulent...
SEBI Proposes More Flexibility For AIF Co-Investment

5 days ago | inc42.com | Anne Florentyna

SUMMARY The regulatory body suggested scrapping of prohibition on investment managers of AIFs to provide advisory services in listed securities Co-investment primarily allows the fund to focus beyond its own limitations of ticket size and portfolio management The proposal would allow managers of AIFs to offer co-investment opportunities to investors of AIFs via CIV model with certain conditions The Securities and Exchange Board of India (SEBI) has reportedly proposed allowing more flexibility...
Cracking Pincode, PhonePe's Second Innings In Quick Commerce

5 days ago | inc42.com | Debarghya Sil

SUMMARY Digital payments giant PhonePe relaunched quick commerce venture Pincode last year after splitting from ONDC to venture into quick commerce Instead of relying on dark stores, Pincode signs up local retail outlets for medicines and various other products it delivers across Bengaluru, Pune, and Mumbai For IPO-bound PhonePe, resolving the challenges ahead of Pincode continues to be a major task, especially dealing with the losses it has incurred If groceries can reach your doorstep in 10...
Swiggy Instamart’s Q4 Adjusted EBITDA Loss Widens 45% To INR 840 Cr

6 days ago | inc42.com | Lokesh Choudhary

SUMMARY Swiggy Instamart’s adjusted EBITDA loss for the period stood at INR 840 Cr, increasing 45.3% from INR 578 Cr in the preceding December quarter The quick commerce vertical’s operating revenue rose 19.5% to INR 689 Cr in Q4 from INR 576.5 Cr in Q3 Swiggy Instamart added 316 dark stores in Q4, expanding its network to 1,021 stores at the end of March (up 45% QoQ) Swiggy Instamart’s loss widened sharply in Q4 FY25 as the company ramped up marketing spending and dark store expansion amid...
IndiaMART Picks Up Remaining 34% Stake In Livekeeping For INR 27 Cr

6 days ago | inc42.com | Anne Florentyna

SUMMARY IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn) With this, Livekeeping has become a wholly owned subsidiary of IndiaMART IndiaMART initially acquired a majority 51.09% stake in Livekeeping for INR 45.98 Cr in 2022 B2B ecommerce company IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn). It...