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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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Fintech Startup Decentro Bags INR 30 Cr, Plans Reverse Flipping In 12-18 Months

1 day ago | inc42.com | Anne Florentyna

Fintech startup Decentro has secured INR 30 Cr (around $3.5 Mn) in a Series B funding round led by InfoEdge Ventures. The round also saw participation from Stargazer Growth, along with existing investors, including Uncorrelated Ventures, among others. The startup plans to use the fresh capital to deepen enterprise adoption, enhance product capabilities and expand its trade and marketing initiatives across financial institutions.
Apple Partners Tata For iPhone, MacBook Repairs In India: Report

1 day ago | inc42.com | Anne Florentyna

SUMMARY Apple has reportedly partnered with Tata Group to handle iPhone and MacBook repairs in India Tata will now take over after-sales repair operations from Wistron’s Indian subsidiary, ICT Service Management Solutions The repairs, including advanced tasks like motherboard fixes and screen replacements, will be centralised at Tata’s Karnataka campus Apple has reportedly partnered with Tata Group to handle iPhone and MacBook repairs in India, a move that underlines India’s growing...
LoanTap Bags INR 74 Cr To Bolster Supply Chain Financing

2 days ago | inc42.com | Anne Florentyna

SUMMARY LoanTap has secured INR 74 Cr in a mix of equity and debt round of funding The company raised INR 54 Cr in equity, while the remaining INR 20 Cr was raised via venture debt The capital raised will facilitate the expansion of its supply chain financing offerings for small retailers Pune-based fintech startup LoanTap has raised Pre-Series C funding of INR 74 Cr (around $8.6 Mn) in a mix of equity and debt infusion. The company raised INR 54 Cr (around $6.3 Mn) in equity, led by July...
TRAI Rejects COAI’s Request To Review Satcom Spectrum Recommendations

2 days ago | inc42.com | Anne Florentyna

SUMMARY TRAI has reportedly rejected a request from the COAI to review its satcom spectrum recommendations Recommendations regarding spectrum have been submitted to the Centre after a detailed and transparent consultation process Earlier this month, telecom players flayed TRAI’s recommendation that satellite spectrum be charged at 4% of AGR The Telecom Regulatory Authority of India (TRAI) has reportedly rejected a request from the Cellular Operators Association of India (COAI) to review its...
Starlink To Get Licence To Launch Satellite Services In India Soon

3 days ago | inc42.com | Anne Florentyna

SUMMARY SpaceX-owned Starlink is about to receive its satcom licence from the DoT by mid-June Starlink’s team is visiting India shortly to obtain the Global Mobile Personal Communication by Satellite (GMPCS) licence This comes weeks after the Centre granted a conditional approval to Elon Musk’s Starlink to operate satellite-based internet services in India Starlink is on the verge of obtaining the licence from the department of telecommunications (DoT) to launch its satellite communications...
Exclusive: True Diamond Bags $3 Mn From India Quotient, Others

4 days ago | inc42.com | Debarghya Sil

Mumbai-based lab grown diamond startup True Diamond has raised $3 Mn (INR 26 Cr) in a fresh funding round, people aware of the matter told Inc42. The round saw India Quotient joining the cap table, with participation from Titan Capital and Huddle Ventures. Confirming the development, True Diamond’s cofounder Parin Shah said that India Quotient has led the round. Post the fund raise, the startup valuation soared to INR 108 Cr ($12.6 Mn), Shah added.
VinFast Eyes Up To 1.5 Lakh Annual EV Production In India

5 days ago | inc42.com | Anne Florentyna

SUMMARY VinFast is aiming to begin manufacturing about 50,000 electric cars annually, and increase the production goals to 1,50,000 cars in the coming years These vehicles produced in India would be exported to countries in the Middle East and Africa Chau mentioned that VinFast is also optimistic about hiring up to 3,500 domestic employees by 2030 Vietnamese EV major VinFast is reportedly planning to boost its annual electric vehicle production up to 1.5 Lakh in India and export them to...
FDA Suspends Zepto’s Dharavi Warehouse Licence For Food Safety Violations

5 days ago | inc42.com | Anne Florentyna

SUMMARY An inspection by FDA officials at Zepto’s Dharavi warehouse found serious food safety violations Violations included storage of edible products near stagnant water, fungal growth on food times and undiscarded expired products A Zepto spokesperson said the startup has initiated an internal review and is working closely with the authorities to ensure “full and swift” compliance The Food and Drug Administration (FDA) has revoked the food business licence of Zepto parent Kiranakart...
‘Nykaa Now’ Live In Multiple Cities, Wider Metro Rollout Soon

1 week ago | inc42.com | Lokesh Choudhary

SUMMARY Nykaa’s quick delivery service, Nykaa Now, is currently operational in several cities, said Anchit Nayar, CEO of Nykaa’s beauty business, in a post-earnings call Nayar didn’t mention the names of the number of cities where the service is available, he said that it would be rolled out to more cities soon Under Nykaa Now, the beauty and personal care major offers deliveries within 60 minutes Beauty major Nykaa’s quick delivery service, Nykaa Now, is currently operational in several...
Exclusive: Battery Smart Bags $29 Mn From Rising Tide Energy, Others

1 week ago | inc42.com | Debarghya Sil

Delhi NCR-based battery swapping startup Battery Smart has raised $29 Mn in its ongoing Series B extension round, sources told Inc42. New York-based PE firm Rising Tide Energy led the round, which also saw participation from responsAbility, Ecosystem Integrity Fund, and LeapFrog Investments. Confirming the development, Battery Smart said that it has raised the funds as part of an ongoing round. The startup said it is still in discussions with potential investors for raising additional funds.