Category: Startups
Boeing to divest tech ventures for stake in air-taxi startup
Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. The…
IIT Madras alumni’s Discovered Materials raises $9 million from Lightspeed, YC, Peak XV
Discovered Materials, a startup building AI agents to discover new materials for semiconductor chips, has raised $9 million (Rs 85 crore) in a round led…
GalaxEye: GalaxEye acquires StarOps, looks to strengthen satellite engineering after Drishti setback
Infosys-backed spacetech startup GalaxEye has acquired spacecraft engineering company StarOps to strengthen its in-house satellite development capabilities. StarOps traces its origins to TeamIndus, India’s first…
Zomato’s District is shopping for growth beyond its dining business
Eternal-owned District is betting that offline shopping will emerge as its second-largest business within the next three years, as the company broadens its ambitions beyond…
Karnataka-backed SFAL’s deeptech portfolio crosses Rs 1,000-crore valuation
The Semiconductor Fabless Accelerator Lab (SFAL) Foundation, a Karnataka government-backed initiative, has supported more than 100 semiconductor and electronic systems companies since its inception in…
DPIIT signs 5 MoUs to expand digital, cloud and investment support for startups
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed five strategic Memoranda of Understanding (MoUs) with industry leaders and ecosystem enablers to…
Optimized builds satellites to focus on Earth, space traffic
The Ahmedabad-headquartered industrial engineering and deep-tech conglomerate Optimized Group‘s first satellite under development will be used for Earth observation, while the second will focus on…
ETtech Deals Digest: River, Sarvam rounds lift startup funding to $314 million this week
Indian startups raised $314 million across 23 rounds during the week ended August 7, led by electric two-wheeler maker River Mobility and artificial intelligence startup…
Ola Electric loss narrows to Rs 336 crore, revenue down 45%
Electric two-wheeler maker Ola Electric reported a narrower net loss of Rs 336 crore in the June quarter, from Rs 428 crore a year ago,…
Wakefit reports Rs 23 crore net profit in Q1, revenue up 17%
Mattress and furniture brand Wakefit reported operating revenue of Rs 405 crore in the April-June quarter of FY27, up 16.6% year-on-year (YoY) from Rs 347…