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Yourstory
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Urban gardening company Ugaoo bags Rs 47 Cr in Series A funding
- Urban gardening company Ugaoo has raised Rs 47 crore in Series A funding round led by V3 Ventures, with participation from existing investors DSG Consumer Partners and RPG Ventures.
- The funding will be used to expand the company's regional presence across the top 10 Indian cities and open 80 retail stores by FY 2030.
- Ugaoo plans to partner with international plant suppliers and introduce a diverse selection of exotic plants and premium plant care products to the Indian market.
- The company aims to scale production to 5 lakh plants per month and expand its production capacity to 100 acres in the next two years.
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Gritdaily
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Marissa W. du Bois Is Bringing People Together Through Video Games
- Marissa Willow du Bois is a staff graphics engineer at Intel Corporation.
- She aims to bring people together through gaming technology and create meaningful experiences.
- du Bois optimizes video game performance for GPUs and CPUs and collaborates with game developers.
- She values inclusivity, empathy, and supporting LGBTQ+ causes.
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Inc42
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Apple Targets 32% Of iPhone’s Global Production From India
- Apple plans to assemble 32% of global iPhone production and 26% of its value in India by 2026-27.
- This could result in a production value of over $34 Bn, assuming consistent global iPhone sales.
- Discussions were held between Apple, its vendors, and Indian governments regarding device assembly in India.
- Apple has surpassed its target of moving 10% of production to India by the third year of the PLI scheme.
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ISN
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Amazon India rival Flipkart deploys 10,000 electric vehicles in its delivery fleet
- Flipkart has integrated over 10,000 electric vehicles (EVs) into its delivery fleet.
- The milestone aligns with Flipkart's goal to transition to an electric last-mile logistics fleet by 2030.
- Currently, about 75% of Flipkart's electric delivery fleet operates in Tier-I cities.
- The shift to EVs has led to efficiency improvements, decreased costs, and increased delivery speeds.
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TechCrunch
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As demand for lithium explodes, battery recycling startup Tozero sprints to scale with $11.7M seed
- The Munich-based start-up Tozero has closed an investment round of €11m ($11.7m) to scale up its lithium-ion battery recycling service. The company already processes nine tonnes of such waste daily and will construct its first industrial-scale plant once the new funding is put to use. The firm hopes to remove any limitation on its recycling ambitions after this plant is completed. The European Union has set a target for 80% of lithium to be recovered from lithium batteries by 2031. Global lithium demand is set to quadruple to 3.1 million metric tonnes by the same year.
- Tozero runs a water-based carbonation recovery process, which it claims generates far lower emissions than mining and pyrometallurgy. This process uses no harsh acids, even though it reclaims metals and minerals such as lithium, graphite and cobalt. It also takes battery waste from any lithium-ion source, meaning it can be mixed. Competitors rely heavily on acquiring larger investors to scale their services.
- Tozero plans to market its lithium recovery beyond just the battery sector. However, it will not specify which other resources it will target. It aims to keep control of all its plants with operational partnerships rather than deals to license it to other companies. The start-up says it has already won customers worth billions of off-take.
- The seed round was oversubscribed, and NordicNinja led the funding, with Honda and Kitakyushu City in Japan joining the round. EV maker Honda has already worked with Tozero and aided the development of Tozero's first industrial-sized recycling plant.
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Yourstory
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Naval Ravikant’s guide to true wealth and a fulfilling life
- Naval Ravikant offers a refreshing, authentic path to wealth and personal happiness.
- Naval emphasizes long-term thinking and partnering with visionaries for lasting wealth.
- He encourages intellectual independence and leveraging technology, capital, and content.
- Naval stresses the importance of understanding wealth, money, and status, and choosing fulfilling work.
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VIE Stories
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CoinDCX Appoints Gautam Gambhir as First Brand Ambassador
- CoinDCX, a cryptocurrency exchange in India, has appointed Gautam Gambhir as its brand ambassador.
- Gambhir will be part of the 'Learn Karo.Crypto Karo.' campaign, which aims to educate Indian investors about cryptocurrency investments.
- CoinDCX believes that Gambhir's journey from player to coach reflects their mission of evolving through learning.
- The company aims to empower investors through knowledge and eliminate challenges in cryptocurrency adoption in India.
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Economic Times
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Zetwerk is said to consider raising $1 billion in Indian IPO
- Zetwerk Pvt Ltd., an Indian supply chain startup, is considering options to raise as much as $1 billion through an IPO.
- The company has held talks with investment banks and a potential listing in Mumbai next year could value the firm at several billion dollars.
- No final decisions have been made, and details such as size, value, and timing may change.
- Zetwerk's technology platform connects suppliers and customers in various sectors, including aircraft engine manufacturing and consumer electronics.
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Yourstory
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Eyes in the sky, intelligence on the ground: Suind's AI-powered agricultural revolution
- Suind, an Indo-Swiss agritech startup, is revolutionizing agriculture with AI-powered drones.
- Suind's drones use computer vision-based autonomy systems, enabling precise navigation in challenging terrains.
- The drones reduce chemical usage by 60%, water usage by over 90%, and costs by 50% while doubling efficacy.
- Suind also offers a comprehensive crop protection suite, including analytics drones and actionable insights for farm managers.
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StartupDaily
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Tiger Global and Blackbird-backed AI-powered retail startup Hivery placed in administration
- Australian retail technology startup Hivery, backed by Tiger Global and Blackbird, has been placed in administration after nine years and $63 million in venture capital.
- Hivery, known for its AI-powered platform for category management and merchandising optimization, raised $30 million in a Series B round in mid-2022.
- The startup faced troubles and experienced management changes, with three out of four co-founders leaving the company's board.
- Hivery's journey comes to an end, but the founders and team are grateful for the support and walk away with their heads held high.
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VIE Stories
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Best Perfume Brands for Men and Women in India for 2025
- Choosing the right perfume is important for both men and women in India. It enables one to express their personality and boost their confidence.
- Luxury perfume brands like Gucci, Carolina Herrera and Christian Dior offer premium fragrances for both men and women in India for 2025.
- Gucci Bamboo Eau De Parfum Spray for Women has a mix of floral and woody scents. Carolina Herrera 212 VIP Men's Eau De Toilette Liquid will make a strong impression and boost confidence.
- Christian Dior Sauvage Eau De Parfum Spray For Men is an adventurous scent perfect for someone confident and ready for anything. Bentley For Men Azure Eau de Toilette gives a refreshing, beachy vibe that makes you feel relaxed and confident.
- Mont Blanc Legend Eau De Toilette for Men is a warm, slightly mysterious scent with hints of oakmoss, geranium, and rose. Calvin Klein All Eau De Toilette is a popular unisex fragrance designed with a floral heart.
- Mercedes-Benz Select Night Eau De Parfum is an elegant and timeless fragrance for men. Tommy Hilfiger For Men Eau de Toilette is a classic American fragrance with a comfortable, cool-guy vibe.
- Dolce & Gabbana The One Eau De Parfum is a rich floral fragrance perfect for special occasions. Giorgio Armani Emporio Diamonds Eau de Toilette Spray for Men is a unique, charming scent that suits modern guys with style and class.
- Both international luxury brands and affordable perfumes are available in India's expanding perfume market, which continues to grow to cater to different preferences and budgets.
- Men's perfumes tend to have woody, aromatic and spicy notes while women's tend to have floral, fruity and sweet notes.
- Whether you want a bold, long-lasting fragrance or a light, everyday scent, you'll find something for everyone in India's perfume market.
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VIE Stories
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TDK Ventures Announces Investment Team For Its India Innovation-Hub Location
- TDK Ventures, Inc. announces its Investment Team for its India office.
- Ravi Jain will lead regional India investments, and Vasan Churchill will drive investment analysis.
- The team will focus on supporting Indian entrepreneurs and their cutting-edge ideas.
- TDK Ventures aims to accelerate the development of transformative technologies.
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VIE Stories
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Supply Chain Network Wheelocity Secures $15 Mn in Series A2 Round Funding
- Wheelocity, a B2C supply chain startup, secured $15 million in a funding round led by Lightspeed India Partners.
- With the funding, Wheelocity aims to expand to 20,000 cities and villages and reach 10 million customers.
- The startup uses a three-dimensional model to build an efficient and powerful supply chain network.
- Founded in April 2022, Wheelocity focuses on minimizing food wastage through technology-enabled supply chains for fresh commerce.
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Yourstory
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From a tractor salesman to running a multi-crore AUM NBFC—Jitendra Tanwar’s journey in impact lending
- Namdev Finvest, a Jaipur based NBFC founded by Jitendra Tanwar, focuses on lending to small businesses and potential customers buying bikes, scooters, or installing solar panels leading to over 1300 Cr INR in Assets Under Management from eight Indian states.
- Having initially started as a tractor salesman at the age of 17, he later moved to direct selling at HDFC before joining Mahindra and Mahindra's tractor arm, MAgNA, and a few local body NBFCs.
- In 2012, he started his own business with the primary focus on MSME Secured Lending, particularly those looking to start or grow small businesses.
- After five years of operations, Namdev Finvest established a loan book of 1.17 crore INR by underwriting two-wheeler loans with a growth of 2.75 crores in the following two years.
- Namdev Finvest primarily serves customers in the MSME sector and small scale manufacturing sectors such as shopkeepers, contractors, carpenters, and small-scale services providers like beauticians and tea stall owners.
- Namdev Finvest is known for its ''phygital'' approach, meaning both physical and digital methods, providing customers with digital processes while meeting physical interaction requirement in underserved communities.
- Namdev is committed to Environmental, Social, and Governance (ESG) principles and has introduced green financing products such as loans for e-rickshaws and rooftop solar installations, promoting sustainable development.
- Namdev Finvest faces stiff competition from both traditional banks and other NBFCs. However, it operates in specialised silos, making its underwriting process quicker and more reliable.
- Operating in India’s growing NBFC space comes with challenges, including hurdles for MSME borrowers on Credit assessments and high operational costs.
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Yourstory
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Flipkart deploys 10,000 EVs in last-mile delivery fleet
- Flipkart has deployed 10,000 electric vehicles (EVs) in its last-mile delivery fleet.
- This move is part of Flipkart's goal to operate a fully electric logistics fleet by 2030.
- The deployment of EVs has resulted in a 20% improvement in last-mile delivery efficiency and reduced operational costs.
- Currently, 75% of Flipkart's electric fleet is concentrated in Tier I cities, with plans for further expansion and infrastructure development.
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