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How to revive dying startups; Spiritual tech goes global
- Zomato is considering reviving its hyperlocal logistics service Xtreme to focus on food delivery, while Swiggy has recently launched a 10-minute food delivery service and an XL EV fleet.
- Both companies are looking to differentiate themselves in the wider market of quick commerce, but kirana stores may be feeling the squeeze.
- Sporos Capital is an equity fund aimed at reviving tech-enabled companies amid a prolonged funding slowdown, with a corpus of INR 600 crore and a green shoe option of INR 1,000 crore.
- Spiritual tech apps such as Astrotalk and AppsForBharat have seen significant traction and revenue growth as users turn to digital platforms to connect with their culture and faith.
- FlexiBees matches talented and qualified women professionals to flexible work requirements from companies, helping them balance professional and personal priorities.
- Instagram is rolling out a digital business card feature for user profiles.
- India's government will allot spectrum for satellite broadband administratively rather than through auction.
- Hyundai Motor India's $3.3bn IPO was 18% subscribed on the first day of bidding.
- The loudest sound ever recorded was the Krakatoa volcanic eruption in 1883, which was estimated to have reached 310 dB.
- VC firms are tapping into the growth of the spiritual tech space, sensing the potential for returns as more users turn to apps for their spiritual and astrological needs.
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