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Pymnts
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DOJ Reportedly Closer to Approving Capital One/Discover Merger
- The Justice Department is reportedly closer to approving Capital One's purchase of Discover.
- The review has been focused on how the merger would impact consumers with no credit history.
- The DOJ has concluded it may not have a strong case to block the merger based on concerns about the subprime sector.
- The deal is expected to create a global payments platform and is pending approval from the Federal Reserve and other closing conditions.
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ISN
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Flipkart co-founder Binny Bansal commits Rs 70 crore to set up the Binny Bansal Institute in Punjab
- Flipkart co-founder Binny Bansal commits Rs 70 crore to set up the Binny Bansal Institute in Punjab.
- The institute will focus on advanced technologies such as artificial intelligence, blockchain, and robotics.
- The aim is to develop scalable solutions for crucial areas like healthcare, agriculture, clean energy, and environmental sustainability.
- The institute will bridge the skills gap for AI talent, transform research into practical applications, and encourage strong partnerships among universities, private companies, and the government.
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Yourstory
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The Bear House bags Rs 50 Cr in Series A funding led by JM Financial's private equity arm
- Bear House Clothing, the parent company of The Bear House brand, has raised around Rs 50 crore in a Series A funding round led by JM Financial India Growth Fund III.
- The investment will be used to drive offline expansion, support working capital requirements, and strengthen the company's branding and marketing initiatives.
- The Bear House is a Bengaluru-based men's apparel and accessories brand targeting young professionals, and the funds will support its plans for expansion and strengthening its presence.
- JM Financial India Growth Fund III sees The Bear House as well-positioned to become a prominent menswear brand in India, with the rising demand for high-quality, stylish menswear.
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ISN
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349
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MIRA Money crosses Rs 250 crore in AUM just before the end of the financial year 2025
- MIRA Money, a technology-first investment management startup, has crossed Rs 250 crore in assets under management (AUM) as of March 2025.
- The milestone was reached through organic growth, reflecting increasing demand for goal-based, curated portfolios among Indian retail investors.
- MIRA Money offers pre-built investment portfolios using various financial products, designed to serve different investment timelines.
- The firm aims to scale its AUM to Rs 600 crore by the end of 2025 and enhance its user base.
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Medium
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Delhivery Courier Franchise Cost: The Ultimate Guide to Investment, Profit & Opportunities
- Opening a Delhivery Courier Franchise is a profitable move in the logistics business.
- The Delhivery Courier Franchise Cost is affordable compared to other logistics franchises.
- Franchisees can benefit from the growing trend of online shopping and increased demand for reliable last-mile delivery services.
- Successful franchise owners can maximize their earnings by managing costs efficiently and implementing effective strategies.
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Inc42
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214
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OYO’s Q4 Revenue To Surge 60% YoY To INR 2,100 Cr: Ritesh Agarwal
- OYO founder Ritesh Agarwal expects Q4 FY25 revenue to grow 60% YoY to INR 2,100 Cr.
- The revenue growth reflects OYO's ability to drive sustainable and profitable growth.
- Excluding the contribution from G6 Hospitality, OYO's revenue is expected to grow 42% YoY to INR 1,886 Cr.
- OYO is looking to make significant investments in overseas markets and is actively preparing for a potential IPO.
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Inc42
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Wendor Nets $2.5 Mn To Boost Its AI-Powered Vending Tech
- Wendor has secured a strategic investment of $2.5 Mn from Elanpro.
- The investment will support Wendor's AI-powered vending technology and market presence.
- Wendor plans to develop computer vision solutions and expand globally.
- The Indian vending machine market is projected to reach $451.5 Mn by FY32.
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Startup Story
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Image Credit: Startup Story
Lehlah Raises Rs 12.5 Crore to Enhance Influencer Earnings and Expand E-Commerce Reach
- Lehlah, a content-commerce platform, has raised Rs 12.5 crore in a seed funding round.
- The investment was led by Gruhas, co-founded by Nikhil Kamath and Abhijeet Pai.
- Lehlah plans to enhance its platform, expand its team, and strengthen its position in the influencer-led e-commerce industry.
- The platform aims to create a sustainable revenue stream for influencers and provide brands with an efficient way to reach their target audiences.
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Inc42
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393
Image Credit: Inc42
Spinny Raises $131 Mn To Expand NBFC Arm: Report
- Spinny, a used-car marketplace unicorn, has raised $131 Mn in a funding round led by Accel Leaders Fund and participated by Nandan Nilekani's Fundamentum.
- The round, which included primary and secondary transactions, valued the startup at $1.7 Bn to $1.8 Bn on a post-money basis.
- Spinny plans to use the funds to expand its non-banking financial arm, diversify into lending and ancillary services, and improve its gross margins.
- This funding round comes at a time when the demand for pre-owned cars in India is on the rise, and other used-car selling startups are also seeing increased investor interest.
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Medium
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ReflectX — BurningMan for Startups and Investors
- ReflectX is a festival that brings together startups, investors, and tech enthusiasts in Cyprus, creating a platform for networking and collaboration.
- Participants at ReflectX engage in sharing ideas, seeking advice, and building connections in a friendly and supportive environment.
- To participate, startups can submit pitch decks for a chance to win cash prizes and attract investments.
- Preparing a concise and informative pitch deck is crucial, focusing on highlighting problems, market potential, and solutions rather than just the product itself.
- Despite not being selected as top participants, presenting at the pre-party provided valuable feedback from investors, guiding towards market focus and user retention strategies.
- Interaction with investors, entrepreneurs, and industry peers during networking events like Speed Dating and Shark Tank offered insights and potential partnerships.
- Valuable advice received included the importance of starting small, targeting specific user groups, and exploring opportunities in B2B partnerships for sustainable growth.
- The festival served as a turning point for reevaluating strategies, with a shift towards booking venues and trainers in the sports industry.
- Key takeaways included the significance of gradual growth, user retention, and diversifying into B2B services for long-term success.
- ReflectX provided a valuable experience in networking, learning, and potential business pivots, emphasizing the importance of active participation and engagement at such events.
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Eu-Startups
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Fiberdom secures €3.5 million to drive plastic-free, circular material innovations
- Fiberdom, a Finnish materials innovation company, has secured €3.5 million in funding to accelerate the development and scaling of its plastic-free material.
- The funding was raised from long-term investor Heino Group, Nordic Foodtech VC, and Holdix Oy, along with a €600k grant from Business Finland.
- Fiberdom's material is 100% plastic-free, high-performance, strong, formable, durable, lightweight, cost-effective, recyclable, and home-compostable.
- The company aims to replace non-essential plastics with scalable, circular solutions and has successfully commercialized single-use cutlery as its first application.
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Inc42
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Image Credit: Inc42
Startup Mahakumbh Is A Golden Bridge For Startups To Connect With Govt: Ajay Bhadoo Of GeM
- Government e Marketplace (GeM) has saved over INR 1.5 Lakh Cr in public exchequer, becoming a powerhouse in online procurement.
- Startups have secured over INR 37K Cr in business through GeM, aiming to onboard more than 1 Lakh DPIIT-registered startups.
- At Startup Mahakumbh, GeM plans to onboard startups in real-time, offering fast-track access to public procurement ecosystem.
- Ajay Bhadoo of GeM discusses opportunities for startups, impact of digitalization on procurement, and government's strategies.
- GeM's Startup Runway initiative supports startups in public procurement and widens their visibility to reach government buyers.
- GeM has reduced turnaround time in public procurement, democratized business opportunities, and ensured competitive pricing.
- Utilizing AI and emerging tech, GeM aims to improve services, streamline procurement processes, and enhance user experience.
- GeM contributes to India's vision of a $5 Tn economy through digital governance, cost savings, and inclusive growth initiatives.
- Startup Mahakumbh aids in promoting innovation and collaborations between startups and government bodies, paving the way for partnerships.
- GeM leverages opportunities at Startup Mahakumbh to onboard startups, simplify onboarding processes, and facilitate interactions with government buyers.
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ISN
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305
Image Credit: ISN
Molecular diagnostics startup Tvaster Genkalp raises $1.25 million in a pre-Series A round
- Molecular diagnostics startup Tvaster Genkalp has raised $1.25 million in a pre-Series A funding round led by Ideaspring Capital.
- The funding will be used to accelerate the expansion and commercialisation of Episcreen Liver, a liquid biopsy test for early liver cancer detection.
- Tvaster Genkalp develops high-accuracy genetic solutions, focusing on non-invasive cancer detection and precision oncology.
- Liver cancer cases are on the rise globally, and Tvaster aims to improve early detection and patient outcomes through their innovative diagnostic tests.
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Yourstory
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113
Image Credit: Yourstory
Global GenAI spending to reach $644B in 2025: Gartner
- Spending on generative AI (GenAI) is expected to reach $644 billion in 2025, a 76.4% increase from 2024.
- Despite expectations declining, foundational model providers continue to invest in enhancing GenAI models' size, performance, and reliability.
- Device-related GenAI spending is projected to almost double, reaching $398.3 billion in 2025 - a 99.5% increase from 2024.
- About 80% of GenAI spending will go towards hardware, as AI capabilities become a standard feature in next-gen devices.
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ISN
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191
Image Credit: ISN
Managed workplace solutions firm IndiQube gets SEBI's go ahead for Rs 850 crore IPO
- Managed workplace solutions company, IndiQube, has received SEBI's approval for its Rs 850 crore IPO.
- The IPO will consist of a Fresh Issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of equity shares worth up to Rs 100 crore.
- IndiQube plans to use the proceeds for capital expenditure, repayment of borrowings, and general corporate purposes.
- The company manages a portfolio of 103 centres across 13 cities, with a total capacity of 172,451 seats and a diverse clientele including Myntra, upGrad, Zerodha, and Siemens.
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