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Bloomberg Quint
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424
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Delhi HC Directs DCGI To Decide On Plea Flagging Concerns Over Approvals Of Weight Loss Drugs
- The Delhi High Court directed the drug controller general of India to decide on a plea regarding weight loss medicines within three months.
- The plea raised concerns over the approval process of drug combinations used in weight management treatments.
- The petitioner alleged that licences for weight loss drugs were issued without proper scientific trials or consideration of potential health risks.
- The court instructed the DCGI to consult experts, stakeholders, and drug manufacturers and make a decision within three months.
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Bloomberg Quint
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155
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Nivea India 'Most Trusted Skincare Brand' For 5th Consecutive Year, Says Brand Trust Report
- Nivea India has been named the 'Most Trusted Skincare Brand' in TRA’s Brand Trust Report 2025 for the fifth consecutive year.
- The report assessed 12 brands in the skincare category, with Nivea India ranking at the top.
- Consumer sentiment and trust attributes play a significant role in determining a brand's performance, according to the CEO of TRA Research.
- Nivea India's managing director expressed gratitude for the recognition, emphasizing the brand's commitment to care beyond skin with a diverse product portfolio.
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Eu-Startups
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428
London-based Yaspa secures over €10 milllion to provide payment and identity services for regulated gambling
- London-based Yaspa secures over €10.1 million in funding to expand in the United States and disrupt the gambling payments ecosystem.
- The funding round was led by Discerning Capital, with participation from Metavallon and TechStars Ventures.
- Yaspa, founded in 2017 by former Worldpay CTO James Neville, offers Intelligent Payments combining open banking and AI for payment and identity services.
- The United States open banking market is projected to grow significantly, presenting opportunities for Yaspa to provide solutions for regulated gambling operators.
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TechBullion
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120
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North.Cloud Raises $5 Million to Launch New Operating System for More Sustainable and Intelligent Cloud Management
- North.Cloud secures $5 million to launch North 2.0 operating system for cloud management.
- North 2.0 merges AI with FinOps and GreenOps to improve financial operations.
- Platform aims to simplify multi-cloud financial operations and increase sustainability.
- Recent funding to expand AI-powered optimization platform for cloud financial management.
- Innovative tools like Arctic and Coststreams introduced for efficient cost optimization.
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Bloomberg Quint
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91
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Office Space Demand From GCCs Rises 24% In FY25 To Nearly 32 Million Square Feet: Vestian
- Leasing of office spaces to set up Global Capability Centres increased by 24% in the last fiscal year to 31.8 million square feet across seven major cities, according to a report by real estate consultant Vestian.
- Global Capability Centres accounted for 42% of the pan-India absorption in 2024-25, up from 41% in the previous year, as per Vestian's report.
- GCCs have been a significant growth driver for India's office market due to cost optimization strategies, skilled talent pool, infrastructure development, government policies, and business-friendly environment.
- Major players in the Indian office market include DLF Ltd., Embassy Group, Prestige Group, RMZ Group, Tata Realty & Infrastructure Ltd, and REITs like Mindspace Business Parks REIT, Brookfield India Real Estate Trust, and Embassy Office Parks REIT.
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Bloomberg Quint
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271
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TVS Motor Launches Electric Scooter 'iQube' With Enhanced Features At Rs 1.03 Lakh
- TVS Motor has launched its electric scooter iQube with enhanced features priced at Rs 1.03 lakh.
- The new variant of iQube comes with hill hold assist, a 3.1 kWh battery offering a range of 123 km on a single charge.
- The electric scooter is designed for daily commuting and features enhancements like improved battery capacity, range capability, dual-tone colors, and backrest.
- The iQube portfolio has surpassed sales of 6 lakh units and the latest version aims to provide added safety and convenience for riders.
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Bloomberg Quint
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841
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Ola Electric Sales At 60,000 Units In Q1, Expects Demand Recovery In Q2
- Ola Electric's sales in Q1 reached nearly 60,000 units, with a month-on-month growth of 9% in June.
- The company expects a demand recovery in Q2 and projects delivering over 65,000 vehicles in Q1 fiscal 2026.
- The growth in registrations signals a positive trend after challenges faced in the previous fiscal year.
- Despite past service issues and job cuts, Ola Electric's expanding network and improving financial performance indicate positive growth prospects.
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Bloomberg Quint
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266
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Window Frame Of SpiceJet Aircraft Dislodges Mid-Air; No Impact On Passengers' Safety: Airline
- A window frame of a SpiceJet aircraft dislodged mid-air during a flight from Goa to Pune, but there was no impact on passengers' safety.
- The frame was fixed upon landing at the Pune airport following standard maintenance procedures.
- SpiceJet confirmed that cabin pressurization remained normal, and the dislodged part was a non-structural trim component, posing no safety risks.
- Despite a passenger questioning the aircraft's airworthiness on social media, SpiceJet assured that the aircraft's multiple layers of window panes ensure passenger safety.
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Global Fintech Series
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40.7k
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Savvy Wealth Raises $72 Million to Drive the Shift Toward AI-Augmented, Human-Centered Financial Advice
- Savvy Wealth, a digital-first platform for financial advisors, raised $72 million in a Series B funding round led by Industry Ventures.
- Former LPL Financial CEO Mark Casady participated in the funding round and joins Savvy's Board of Directors to help modernize human-centered financial advice.
- The funding will be used to accelerate technology development, hire technical talent, and expand recruitment of independent advisors, with a focus on AI solutions for personalized client experiences.
- Savvy has experienced significant growth, onboarding top talent, and reaching over $2 billion in assets under management as it aims to become a modern wealth management platform.
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Eu-Startups
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240
Dutch startup Dexter Energy raises €23 million to scale AI-powered forecasting and trade optimisation services for renewables and batteries
- Amsterdam-based ClimateTech company Dexter Energy has raised €23 million in a Series C funding round to scale its AI-powered forecasting and trade optimization services for renewables and batteries.
- The funding round was led by Alantra’s energy transition fund, Klima, and included participation from Mirova and existing investors. Dexter Energy aims to expand its team, enter new markets, and enhance short-term trading for clean energy portfolios.
- Founded in 2017, Dexter Energy offers advanced machine learning solutions for power trading, focusing on wind, solar, and battery portfolios. The company has a team of 90 professionals across nine European countries, working with over 80 energy companies.
- Dexter plans to use the investment to enhance its battery trading solutions, optimize wind and solar energy tools, and expand into new European markets. The company's technology aims to address challenges faced by clean energy producers in a rapidly evolving market landscape.
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Eu-Startups
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354
Norwegian VC firm Alliance VC announces €40 million close for new fund to back technology leaders from the nordics
- Oslo-based VC firm Alliance VC announced a first close of €40 million for its Alliance Nordic III fund, with a target of €100 million to support Nordic-founded global technology leaders.
- Alliance Nordic III is backed by Limited Partners like Saminvest, KLP, Investinor, Smedvig, and Telenor, focusing on companies that merge AI technology with real-world impact.
- Alliance VC, founded in 2001, invests in technology startups across the Nordic region and has partners in Stockholm, Oslo, and Copenhagen, emphasizing a partner-first principle in their operations.
- With a mission to empower visionary teams to scale globally, Alliance VC aims to invest in AI-driven startups and contribute to the rapidly growing Nordic tech ecosystem valued at €468 billion, positioning itself as a key player for upcoming technological innovations.
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SiliconCanals
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48
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Dutch photonic chipmaker EFFECT Photonics raises additional €20.4M to accelerate optical innovation
- Dutch photonic chipmaker EFFECT Photonics raised an additional $24M (€20.4M) in Series D financing round, totaling $62M (€52.6M) raised overall.
- The funding aims to accelerate optical innovation for data centre and edge networks according to CEO Roberto Marcoccia.
- EFFECT Photonics, founded in 2010 in Eindhoven, focuses on photonic chips utilizing light for data transfer with a strong emphasis on affordability and reliability.
- The company's solutions cater to 5G, cloud services, and access-ready coherent solutions, with headquarters in the Netherlands and offices in the UK, US, and Taiwan.
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Eu-Startups
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432
Paris-based private equity firm Omnes Capital raises €112 million for its DeepTech focused Omnes Real Tech 2 fund
- Omnes Capital has raised €112 million for the first close of its Omnes Real Tech 2 fund, focused on DeepTech.
- The fund aims to support European DeepTech companies in sectors like defense, AI, new space, and quantum technology.
- Omnes Capital, founded in 1999, has over €6.7 billion in assets under management and a focus on sustainable development.
- The new fund builds on the success of Omnes' previous DeepTech fund, with a goal to nurture future global tech leaders.
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Eu-Startups
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328
Berlin-based loyalty and promotion platform Talon.One raises €114 million to accelerate growth and innovation through AI
- Berlin-based loyalty and promotion platform Talon.One secures €114 million in growth funding round to enhance AI capabilities and deepen enterprise functionality.
- New investors Silversmith Capital Partners and Meritech Capital join existing investor CRV in backing Talon.One's vision and platform.
- Talon.One empowers companies with an incentives engine to unify loyalty, promotions, and gamification, serving over 270 global customers including H&M, Adidas, and Nordstrom.
- The company plans to focus on scaling operations, leveraging AI innovation, and delivering flexible and powerful incentive infrastructure to drive long-term loyalty and ROI for global enterprises.
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SiliconCanals
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179
Image Credit: SiliconCanals
Amsterdam’s Dexter Energy raises €23M to scale AI-driven short-term trading for wind, solar, and battery portfolios
- Amsterdam-based Dexter Energy raises €23M in Series C funding round led by Alantra’s energy transition fund, Klima.
- Funding round also saw participation from Mirova and existing investors, including ETF Partners, Newion, and PDENH.
- The investment will be used to expand battery trading solutions, enhance wind and solar energy optimisation tools, and enter new European markets.
- Dexter Energy, founded in 2017, provides AI-driven solutions for short-term power trading to aid renewable energy producers in maximizing the value of their portfolios.
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