Category: News

  • Australian Cricketer Glenn Maxwell Invests in Drive FITT 

    Australian Cricketer Glenn Maxwell Invests in Drive FITT 

    Drive FITT, a premium, membership-based sports club that fuses cricket, fitness, and recovery through its technology, has raised an undisclosed investment from Australian cricket star Glenn Maxwell—marking his first-ever investment in an Indian venture. 

    Founded in July 2024 by Bollywood actress Preity G Zinta, Indian cricketer Shubman Gill, and co-founders Mark Sellar, Deke Smith, and Vikram Aditya Bhatia, Drive FITT aims to transform India’s rapidly expanding fitness and sports ecosystem. 

    The club delivers a holistic performance and wellness experience, combining elite-level cricket training, smart fitness solutions, advanced data-driven performance tracking, and integrated recovery programs. 

    Co-founder Preity Zinta called Maxwell’s entry a significant milestone for Drive FITT, noting their shared history with Punjab Kings. She highlighted his athlete-first mindset and passion for performance as a perfect fit for the club’s vision. 

    As both an investor and strategic partner, Maxwell brings more than financial support. He will actively contribute to Drive FITT’s training methodologies, player development strategies, and overall brand positioning. His international experience will play a key role in helping shape an environment where athletes—from beginners to professionals—can thrive. 

    Also Read: AskMyGuru Raises $1.2M Seed Funding Led by Lumikai

    “Joining the Drive FITT team is exciting for me. Cricket, fitness, and recovery have been essential to my journey, and this concept brings them together uniquely and innovatively. I’m looking forward to contributing my experience and helping shape a space that supports athletes at every level,” said Glenn Maxwell 

    Shubman Gill, Co-founder, added, “Glenn brings immense value to our shared vision. His understanding of fitness, recovery, and performance is unmatched. I believe his presence will inspire young athletes across India to take their game to the next level.” 

    Drive FITT offers a range of flexible membership options tailored for individuals and families alike. Daily passes are priced around INR 1,000, monthly memberships start at INR 7,000, and annual plans can go up to INR 35,000. Family packages are also available for two adults and up to two children.

    Each membership grants access to top-tier cricket facilities, tech-enabled fitness training zones, and specialized recovery areas—all powered by real-time data analytics for personalized performance optimization.

  • AskMyGuru Raises $1.2M Seed Funding Led by Lumikai 

    AskMyGuru Raises $1.2M Seed Funding Led by Lumikai 

    Spiritual-tech startup AskMyGuru has raised $1.2 million in seed funding to accelerate its mission of modernizing spiritual and astrological guidance through technology. 

    The funding round was led by interactive media and gaming-focused venture capital firm Lumikai, which contributed $800,000. Other key participants include Mobile Premier League (MPL) and notable angel investors such as Amarnath Thombre, former CEO of Match Group Americas. 

    The startup plans to deploy the funds to strengthen its product roadmap, enhance its proprietary Ved Vyas AI engine, and expand language offerings beyond its current support for English, Hindi, Kannada, Tamil, and Telugu, according to a company statement. 

    Founded in 2025 by Krishna Mohan Vedula and Vivek Sadamate, AskMyGuru is inspired by the Vedic Shastras and aims to redefine the spiritual-tech landscape through interactive, gamified experiences rooted in Indic knowledge systems. 

    The platform blends artificial intelligence, gamification, and deep spiritual wisdom to deliver guidance that is immersive, accessible, and culturally resonant.

    Also Read: Bower School of Entrepreneurship raises Rs 11.5 Cr in seed round

    Anchored in its “Systems of Play” philosophy, AskMyGuru uses interactive, lean-forward product design to reimagine and disrupt traditional spiritual services. 

    Looking ahead, the startup aims to expand its domain expertise into financial, relationship, and career guidance, positioning itself competitively alongside established players like Astrosage and Astrotalk. 

  • Bower School of Entrepreneurship raises Rs 11.5 Cr in seed round

    Bower School of Entrepreneurship raises Rs 11.5 Cr in seed round

    Bower School of Entrepreneurship has raised ₹11.5 crore (approximately $1.33 million) in seed funding from a group of High-Net-Worth Individuals (HNIs) and early-stage investment firm Astir Ventures.

    The funds will be deployed to enhance Bower’s upcoming AI-powered course builder platform, forge new industry partnerships, and establish physical campuses across key global regions, including Southeast Asia, the Middle East, Europe, and the United States.

    Founded in 2024 by Pavan Allena, Bower is on a mission to reimagine entrepreneurial education with programs tailored for students and professionals.

    The institution currently offers Bower SEED for K-12 students, and Bower LEAD for working professionals, and is preparing to launch its undergraduate program, Bower UG, in August 2025.

    “Our vision is to become the world’s leading institution for entrepreneurial education and to make an entrepreneurial mindset accessible to people of all age groups, empowering them to build and lead in a rapidly evolving world,” said Pavan Allena, Founder of Bower.

    Bower has so far engaged over 5,000 students, clocked ₹1.5 crore in bookings within three months of launch, and operates with a team of 27 members and 63 faculty.

    Also Read: India Puts Chinese EV BYD’s Local Manufacturing Plans on Hold

     In the fourth quarter of FY25, the startup reported ₹1.5 crore in revenue, and it is aiming to impact over 15,000 students and reach ₹15 crore in revenue across all verticals by FY26.

    The institution’s executive program, Bower LEAD, is set to run four cohorts in 2025, with a combined intake of up to 150 participants.

  • India Puts Chinese EV BYD’s Local Manufacturing Plans on Hold

    India Puts Chinese EV BYD’s Local Manufacturing Plans on Hold

    India has officially denied market access to Chinese EV maker BYD, even as it actively seeks investment from US-based Tesla. At the India Global Forum in Mumbai, Commerce Minister Piyush Goyal said, “As of now, it is a no,” citing concerns related to India’s strategic interests.

    He also highlighted that “we need to be cautious about whom we allow to invest keeping in mind the country’s strategic and security interests.” 

    His remarks come amid ongoing border tensions and geopolitical concerns surrounding China’s growing influence in the Indian Ocean and neighboring regions.

    Although BYD has denied reports about plans to establish a manufacturing facility in India, earlier media coverage had suggested the company intended to invest nearly $10 billion in a Hyderabad-based plant with a target capacity of 600,000 units annually by 2032.

    In an official statement on WeChat, BYD dismissed these reports as “untrue.”

    Also Read: NimbusPost Appoints Udemy’s Irwin Anand as CEO

    Despite having operated in India for several years, BYD has yet to establish a local manufacturing base. It currently imports electric vehicles (EVs) from China, incurring high import duties that impact pricing and limit its market share. Local production could significantly reduce costs and boost competitiveness in India’s growing EV sector.

    In 2023, India rejected BYD and MEIL’s $1B EV plant proposal due to concerns over Chinese investments.

    While local manufacturing is on hold, BYD is expanding in India via CBU imports, offering models like the Atto 3 and Seal. Despite high import duties, BYD saw 90% growth in FY25, selling 3,401 units.

     The company is now targeting Tier-II cities and expanding its dealer network, though a local plant remains uncertain amid regulatory hurdles.

  • NimbusPost Appoints Udemy’s Irwin Anand as CEO 

    NimbusPost Appoints Udemy’s Irwin Anand as CEO 

    NimbusPost, a leading logistics technology platform and a wholly owned subsidiary of Xpressbees, has announced the appointment of Irwin Anand as its new Chief Executive Officer (CEO).  

    The leadership transition marks a strategic move as the company aims to strengthen its position as a world-class, tech-enabled logistics and fulfillment partner for digital commerce businesses in India and globally. 

    Irwin Anand brings with him over 20 years of experience in scaling technology-driven and consumer internet businesses across India and the Asia-Pacific region. Prior to joining NimbusPost, Irwin was the Managing Director for India and APAC at Udemy, a global online learning platform. 

    Also Read: Logistics startup Xindus raises $10 mn in a pre-Series A round

    He was also part of the founding leadership team at OLX India, playing a key role in its rapid growth. 

    In his new role, Irwin will focus on accelerating innovation, enhancing seller success, and driving operational efficiency. 

    He will lead NimbusPost’s expansion into new and existing markets, while also championing the integration of emerging technologies such as AI, automation, and real-time tracking to elevate service reliability, speed, and customer experience. 

    “I look forward to driving innovation, strengthening operations, and expanding our reach to support online businesses of all sizes — from eCommerce sellers and SMEs to D2C brands — with seamless, efficient, and reliable logistics and fulfillment solutions. At NimbusPost, we take end-to-end ownership of our customers’ logistics and fulfillment needs through intelligent, automated, tech-driven solutions — allowing them to focus on growing their core business. Our vision is to set new benchmarks for the industry and make logistics smarter, faster, and more customer-centric,” said Irwin Anand, CEO, NimbusPost. 

    Founded in 2019, NimbusPost provides end-to-end logistics solutions to e-commerce sellers, SMEs, and D2C brands, both within India and globally. The company has strategic partnerships with major logistics providers, including DTDC, Blue Dart, Delhivery, Xpressbees, Shadowfax, and Ekart, among others. 

  • Logistics startup Xindus raises $10 mn in a pre-Series A round

    Logistics startup Xindus raises $10 mn in a pre-Series A round

    Gurugram-based full-stack cross-border logistics startup Xindus has raised $10 million in a pre-Series A round led by 3one4 Capital, with participation from Orios Venture Partners, and existing backers Shastra VC and Caret Capital.

    The company plans to use the fresh capital to scale operations, grow its customer base from 1,000 to 10,000 over the next 12–18 months, and drive its gross merchandise value (GMV) to $200 million.

    It also aims to deepen its footprint in India and the US, while expanding into the UK, Canada, Australia, Europe, and the Middle East.

    Founded in 2022 by Saurabh Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta , Xindus offers an integrated platform that enables Indian SMEs to sell, ship, store, return, and get paid internationally.

    Its flagship solution, XindusOne, simplifies global trade compliance, fulfillment, and financial flows, helping businesses focus on selling rather than struggling with logistics.

    Also Read: Noise Raises $20 Million from Bose in Strategic Follow-Up Investment

    To date, the company has supported over 1,000 SMEs and facilitated more than 500,000 global shipments, with a 98.4% on-time delivery rate. With 200+ marketplace integrations, the platform claims to reduce trade complexity and cost by 20%.

    With India’s export economy targeting the $1 trillion mark, Xindus is positioning itself as a key enabler for small and mid-sized businesses to go global efficiently and compliantly.

  • Noise Raises $20 Million from Bose in Strategic Follow-Up Investment

    Noise Raises $20 Million from Bose in Strategic Follow-Up Investment

    Indian wearables and audio technology startup Noise has raised a fresh $20 million investment from global audio giant Bose Corporation, marking the latter’s second strategic investment in the company.

    Noise cofounder Amit Khatri announced the development on LinkedIn, stating,

    “Thrilled to share that Bose has reinvested $20 Mn in Noise.”

    This new round of funding will fuel Noise’s expansion plans and accelerate the development of innovative wearable and audio products.

    Bose first backed Noise during its Series A round in December 2023, investing $10 million and helping to value the startup at approximately $426 million.

    Also Read : Eat Better Co Raises ₹17 Crore in Pre-Series A Round

    Founded in 2014 by brothers Amit and Gaurav Khatri, Noise started as a smartphone accessories brand before transitioning into the booming wearables segment.

    Its portfolio now includes smartwatches, smart rings, and wireless headphones. The brand distributes its products through its website, e-commerce platforms like Amazon and Flipkart, Q-commerce platforms like Zepto, and offline retail stores.

    As part of its global expansion, Noise recently entered the GCC region through a partnership with Dubai-based Lime Concepts. In 2023, it also acquired AI startup SocialBoat to enhance fitness and health features in its wearables.

    Despite steady revenue of around INR 1,430 crore, Noise reported a net loss of INR 20 crore in FY24, compared to a profit in FY23.

    The fresh investment comes amid rising competition, with rival boAt eyeing a $1.5 billion IPO, even as India’s wearables market saw an 11.3% decline in 2024, per IDC.

  • Eat Better Co Raises ₹17 Crore in Pre-Series A Round

    Eat Better Co Raises ₹17 Crore in Pre-Series A Round

    Healthy snacking brand Eat Better Co has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital, with continued support from existing investors.

    The funding will be used to expand the brand’s product portfolio and strengthen its presence in the quick commerce (Q-commerce) segment, the company announced in a press release.

    Founded in 2020 by Mridula Kanoria, Vidushi Kajaria, and Shaurya Kanoria, the Jaipur-based startup operates as a digital-first brand offering a range of healthy, multi-category food products.

    Its offerings include better-for-you sweets, namkeen, seed mixes, and nut blends—crafted with real, wholesome ingredients to deliver the taste and quality of homemade snacks.

    Also Read : Juspay raises $60 million and becomes India’s first unicorn of 2025

    With a strong D2C presence, Eat Better Co claims to fulfill over 2,00,000 orders per month, with its products available on leading Q-commerce platforms such as Swiggy Instamart, Zepto, and Blinkit, as well as other online marketplaces.

    Eat Better Co had earlier gained visibility through its appearance on Shark Tank India, where it secured a deal from investor Namita Thapar at a ₹100 crore valuation. Prior to this round, the company raised $1.12 million from Mumbai Angels and other investors.

  • Juspay raises $60 million and becomes India’s first unicorn of 2025 

    Juspay raises $60 million and becomes India’s first unicorn of 2025 

    Bengaluru-based payments infrastructure startup Juspay has officially entered the unicorn club, becoming India’s first unicorn of 2025 after raising $60 million in a Series D funding round. 

    The round was led by Kedaara Capital, with continued backing from SoftBank and Accel, and included both primary and secondary investments. 

    Even though the raise didn’t hit the $150M target, it took Juspay past the $1 billion valuation threshold. 

    The funding will help Juspay build AI tools to automate tasks, improve merchant services, and upgrade payment systems. The company is also expanding globally across Asia-Pacific, Europe, North America, Latin America, and the UK. 

    “For the past decade, Juspay’s mission has been to create long-term value across the payments ecosystem—supporting merchants, banks, networks, and, by extension, the billions of users they serve,” said Sheetal Lalwani, Co-founder and COO of Juspay.

    Founded in 2012 by Vimal Kumar and Ramanathan RV, Juspay offers payment orchestration, checkout experiences, authentication services, and infrastructure for enterprise merchants and banks. 

    Last month, the company open-sourced its payment orchestrator platform, Hyperswitch, giving merchants full control to host and integrate diverse payment options. 

    Also Read : Apple Exports ₹1.5 Lakh Cr Worth of iPhones from India in FY25

    Juspay faced challenges when partners such as PhonePe, Razorpay, Paytm, and Cashfree ended their ties over conflict claims, which the company denies. 

    Despite this, Juspay’s revenue grew by 50% in FY24 and its losses dropped by 8%, showing strong resilience. 

  • Apple Exports ₹1.5 Lakh Cr Worth of iPhones from India in FY25

    Apple Exports ₹1.5 Lakh Cr Worth of iPhones from India in FY25

    Apple Inc. exported iPhones worth over ₹1.5 lakh crore (approximately $17.4 billion) from India in the last fiscal year, highlighting the tech giant’s ongoing efforts to reduce its dependence on China, according to India’s Technology Minister Ashwini Vaishnaw.

    Driven by this surge, India’s overall smartphone exports crossed ₹2 lakh crore in the fiscal year ending March 2025 — a 54% jump compared to the previous year, Vaishnaw said during a press briefing in New Delhi.

    While Apple faces a decline in iPhone sales in China, it continues to see significant growth in the Indian market.

    The company has been ramping up its presence in India, especially after strict COVID-19 lockdowns disrupted production at its largest manufacturing facility in China.

    Also Read: Bluestone Secures SEBI Nod for ₹1,000 Cr IPO

    This strategic shift aligns with Prime Minister Narendra Modi’s vision to turn India into a global manufacturing powerhouse.

    Government incentives have played a key role in this transition, helping companies like Foxconn and Tata Electronics — which acquired Wistron and Pegatron’s India operations — to expand local iPhone production capabilities.

    Apple hasn’t officially commented, but experts say former U.S. President Trump’s tariff policies, including a proposed 50% hike on Chinese imports, are pushing the company to diversify production to India and Southeast Asia.

    According to a report by Bloomberg  Apple is stockpiling inventory and sending more India-made iPhones to the U.S., even as the Trump administration plans a 27% tariff on Indian goods.

    Despite the shift, about 80% of Apple’s iPhones are still manufactured in China. Experts believe that completely moving away from China will be a long and expensive process, given the country’s deeply integrated supply chain network — a key advantage that strengthens President Xi Jinping’s position in global trade talks.