Late-stage Indian startup funding falls below 2018 levels
Funding for Indian start-ups in the late stage has reached a 5-year low. The data’s biggest takeaway: Investors are getting more conservative, and there have been fewer blockbusters.
It’s tough for many startups to raise money now, and some are going out of business. This deceleration is a reflection of global uncertainty and tightening budgets.
Founders have turned to cost-cutting and profit-generating to woo investors. The startup engine in India that streaked ahead is now sputtering, with an expected return to growth likely still a ways off.
Havells Enter EV Charging Market
Havells will Enter the EV charging segment. EV users will benefit from reliable and efficient charging solutions.
The development comes ahen there is a rising demand for electric vehicles in India. Havells will introduce a variety of chargers, including those for residences, workplaces & places of public access.
This should increase the adoption of EVs by making charging more accessible, the company hopes.
Havells aims to become a big player in the EV charging space, leveraging its strong reputation in the electrical sector. This move reflects the company’s focus on advancing sustainable energy solutions.
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Fintech unicorn Oxyzo raised Rs 100 crore in deb.t
Oxyzo has secured Rs 100 crore in debt to help it grow. Smart Financing Company completed a round of financing in October 2023, growing on an upward streak.
This reflects Oxyzo’s solid market position and its ability to attract large investments. The capital will allow the company to further its goals of delivering timely financial solutions to the business community.
This move is a part of Oxyzo’s larger mission to become a leading player in the fintech space.
Shein net profit falls 40% to $1 billion in 2024
The online fashion retailer Shein’s net profit this year of $1 billion, down 40% from 2023. The company has had to navigate competition and market changes.
Shein, however, had trouble replicating the profit margins it once saw worldwide. The decline underscores pressures facing the fast-fashion industry, where relentless innovation is necessary to stay competitive.
Shein is still adjusting, but the decline in profit indicates just how difficult the market has turned.
Fintech startup Progcap posts Rs 46 cr loss in FY24
In FY 2024, the loss of fintech startup Progcap was reported as Rs 46 crore. While the company specializes in offering financial solutions to small businesses, it has had its share of struggles to grow.
The loss underscores the challenges many startups are facing as they grapple with balancing growth and profitability.
Despite controversies and scandals over the years, Progcap is working to improve its services and reach more customers in the hope of turning things around.
An examination of the pressures in the fintech sector and the argument for sustainable [growth strategy] have followed the news.
Infinix to launch smartphones with integration of DeepSeek
Infinix announces to launch of new smartphones with inbuilt DeepSeek technology This transition is designed to provide a better user experience with more intelligent and energy-efficient devices.
DeepSeek is all set to introduce advanced AI capabilities to Infinix phones enabling more intuitive and responsive interfaces.
It provides a more intuitive UI powering faster performance, better battery management, and a more personalized approach.
Infinix’s latest innovation aims to deliver this competitive edge in the functionality of the upcoming models. The prediction for launch is soon, as tech enthusiasts act excitedly about it.
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