Startup News India: 8th Feb 2025
Zomato change it’s name to ‘Eternal’
Well, Zomato has changed its name to Eternal Ltd. The move which has been nod by the companies board aims at consolidating the four company’s major assets Zomato, Blinkit, District and Hyperpure into one roof under one banner. Chief Executive Officer Deepinder Goyal made the announcement, adding that the stock ticker would change from ZOMATO to ETERNAL. The app will remain Zomato and the corporate website shall be eternal. com.
Lenskart to file $1B IPO in February
Lenskart to file for a $1 billion IPO in February The move is intended to help the company raise more money and to help it expand its business. It is a fast growing company providing affordable yet stylish glasses to many consumers. This is a big step, and people are excited about it as it proves that Lenskart is successful and confident in the market. The IPO people could tap many who have faith in the brand future. This is a significant milestone in Lenskart’s journey to become the next global leader in eyewear.
Read More: Startup News India: 7th Feb 2025
Flipkart to open 550 Dark Stores before ‘Big Billion Days’ sale
Ahead of its ‘Big Billion Days’ sale, Flipkart is setting up 550 dark stores across the country. Those small warehouses would allow the company to deliver products quicker during the sale. Dark stores do not allow customers, only storing and packing items in short time. This will help ensure smooth deliveries during the festive season and also cater to the high demand. — Flipkart is trying to make it simpler and quicker for its customers on its part as when comes the large sale event. The brand is going all out to ensure this year’s sale is a major success.
EV startup Euler Motors raise $50M at $200M valuation
Electric vehicle (EV) startup Euler Motors has signed an agreement for $50 million in funding—valuing the company at $200 million. The company plans to use the money to ramp up production, upgrade technology and increase market share. Euler Motors is into manufacturing electric commercial vehicles, which are utilized for last-mile delivery services for eco-friendly alternatives. The move affirms the spirit of the increasing confidence in EV domain, especially in India which is witnessing a strong demand surge for the sustainable mode of transport. This investment will serve to further bolster Euler Motors’ competitive position in the fast-evolving EV landscape and further accelerate its mission to disrupt urban logistics.
Read More: (45 Sec Video) How Azhar Iqubal Pitched In the Early Days of InShorts?
Amazon to invest $100B on AI in 2025
The Amazon continues to invest heavily in AI, intending to spend $100 billion by 2025. The firm is looking to enhance its artificial intelligence offerings to remain relevant in the tech market. This massive investment should be concentrated on working up from building next-gen AI agile tools, providing cloud services, and improving customer use. Amazon thinks AI will drive much of the future of technology. The move is part of Amazon’s strategy to lead the race for artificial intelligence against other titans in the tech world. This could create new jobs and introduce innovative solutions to everyday problems.
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