Grocery delivery race among Indian startups stirs road safety concerns

Grocery delivery race among Indian startups stirs road safety concerns

Published: 4 hours ago By

Indian grocery entrepreneurs have been enticing tech-savvy clients with the promise of 10-minute deliveries, however, this has prompted road safety concerns as bikers strive to fulfill strict deadlines. Flipkart, Walmart....

SaaS Labs raises USD 42 Mn in Series B, acquires Callpage and Atolia

SaaS Labs, a SaaS company that creates business automation tools for sales and support teams, has reportedly acquired USD 42 million in Series B round spearheaded by Sequoia Capital India, along with backing from existing investors Eight Ro....

Sony loses USD 20 billion in market value on Microsoft-Activision deal

Shares of Sony Group Corp. saw a 13% drop on January 19th, losing a whopping USD 20 billion in market value after rival Microsoft Corp. acquired video game developer Activision Blizzard in a USD 68.7 billion deal. While Sony's PlayStat....

Samsung to launch first-ever smartphone chip with AMD ray-tracing GPU

Samsung has revealed the Exynos 2200, an in-house developed processor designed for use in mobile phones. It is the world's first mobile chipset with an AMD RDNA 2 graphics design GPU, which supports hardware-accelerated ray tracing. Ac....

India’s Gennova Biopharmaceutical working on Omicron-specific vaccine

Gennova's potential mRNA vaccine is currently undergoing Phase II and Phase III trials. If approved for a EUA, it would be India’s first mRNA COVID-19 vaccine. Gennova Biopharmaceutical, a subsidiary of Pune-based drugmaker ....

Mercedes-Benz to double down on its electric vehicle sales in India

German luxury automaker Mercedes-Benz is seeking to increase sales of its electric vehicles in India, according to a senior business executive, with potential plans in works to locally manufacture its all-electric sedan EQS. By the fourth ....

Tesla gets German nod to develop test cars at unfinished Berlin factory

Tesla Inc. has reportedly received authorization to produce test cars at its unfinished German gigafactory. This approval comes as the EV maker continues to wait for the project's final permission, although Tesla will not be permitted t....

Recykal secures USD 22 Mn in a fundraise led by Morgan Stanley India

Recykal, a B2B waste management and recycling marketplace head-quartered in Hyderabad, has reportedly raised USD 22 million in funding from Morgan Stanley India. According to the company, existing investors including Circulate Capital, Aru....

Power Gummies secures USD 6 million in 9Unicorns-led Series A funding

Nutraceutical startup Power Gummies has reportedly raised USD 6 million during a Series A funding which was led by 9Unicorns. The round also saw participation from other investors such as NB Ventures, Sharpp Ventures (Marico Family Off....

Reliance buys controlling stake in NYC hotel in its hospitality push

Reliance Industries Ltd. is reportedly planning to acquire a controlling stake in New York's five-star Mandarin Oriental Hotel for around USD 100 million. The company stated in a stock exchange filing that its industrial investments su....

Marriot establishes a research & development lab to promote innovation

Hospitality behemoth Marriott International Inc. has reportedly established a research and development lab called the “Design Lab” to strengthen and optimize the rollout of its current product offerings. This lab will encompass....

Sony to steer into the electric vehicle space with a new mobility unit

Sony will establish a subsidiary, ‘Sony Mobility Inc.’ that will primarily focus on its EV business. The company unveiled a new electric SUV prototype, called the Vision-S 02 at CES 2022. Sony Group Corporation, a Japanese....

Apple becomes world's first company to reach USD 3 trillion valuation

Apple Inc. recently became the first company to have a stock market value of USD 3 trillion, boosted by investor confidence that the iPhone manufacturer will continue to release best-selling products while foraying into new markets such as ....