In addition, the business intends to more than double its topline in FY24 to Rs 200-250 crore, up from over Rs 100 crore in FY23, by leveraging the adoption of its debt resolution products such as digital collections, litigation management, field collections mobile app, and others. Credgenics, a SaaS-based debt collection and resolution platform financed by Accel Partners, is on target to become profitable by the end of this fiscal year, according to Rishabh Goel, co-founder and CEO. “We were able to report a profit of around Rs 50-60 lakh in our first year of operations, but then a lot of inv ..read more

India is poised to assume a pivotal role in the global electric vehicle (EV) sector, boasting the world’s third-largest number of start-ups, surpassed only by the United States and China. Notably, the Indian automotive industry stands out as a leading manufacturer of buses, two-wheelers, and three-wheelers on a global scale. This distinction has unveiled the market’s magnitude, spotlighting associated opportunities that will serve as the catalysts for its sustained growth over the coming decade. In this article you will know about top electric vehicle startups in India. The burgeoning global t ..read more

Fibmold, founded in October 2022 by Param Gandhi and Vaibhav Garg, creates environmentally friendly, molded fiber packaging materials that imitate the functionality of hard plastics.  According to the business, its packaging goods are made from natural fibers such as bamboo, bagasse, husk, wheat straw, and even waste paper, and are suited to particular needs. These items are completely recyclable and biodegradable. Fibmold claims that by using their eco-friendly packaging solutions, businesses can move away from single-use plastics.  While China leads in the manufacturing and sale of ..read more

Days after rival Agnikul Cosmos raised a sum comparable to Skyroot Aerospace’s, India’s Skyroot Aerospace announced on Monday that it has raised $27.5 million in a new investment round headed by Singapore’s Temasek, raising the stakes in the nation’s developing space industry. The Hyderabad-based company is scheduled to launch the Vikram-I, its second commercial rocket, next year. The company launched India’s first private rocket in 2022. Up to 300 kilogram payloads can be carried into low-Earth orbit using the launch vehicle. Having raised approximately 2.25 billion rupees recently, Skyroot ..read more

Self-driving truck startup Plus announced on Wednesday that it has divided its Chinese and American businesses and reached an agreement under which a significant shareholder, China’s Full Truck Alliance, will concentrate on the China unit. The corporation confirmed the split’s completion to Reuters. According to three people with direct knowledge of the situation, FTA—dubbed China’s “Uber for trucks”—and Plus were seeking to shield themselves from escalating U.S.-China tensions and Beijing’s increasingly stringent regulatory monitoring. In response to rising geopolitical tensions between the t ..read more

As pricing competition in the biggest car market in the world heats up, Chinese electric vehicle startup WM Motor has filed for bankruptcy, signalling the end of a prospective leader among China’s EV manufacturers. According to a filing made on the national business bankruptcy information disclosure website on Monday, the bankruptcy case is being handled by a court in Shanghai. In September, the ailing EV manufacturer and U.S.-listed used car reseller Kaixin Auto Holdings announced a non-binding acquisition term sheet. The transaction took place after WM Motor’s attempt to list via a backdoor ..read more

The automobile sector in the UK has seen a significant upheaval in recent years, mirroring a global trend towards cleaner and more environmentally friendly transportation options. Electric vehicles (EVs), which are quickly taking over as the preferred mode of personal and public transportation, are at the centre of this transition. The UK is currently positioned as a blooming hotspot for cutting-edge electric car companies because of its long history of automotive innovation. In-depth exploration of the top ten electric vehicle startups in the UK, each of which is contributing significantly to ..read more

China has a world’s biggest and massive consumer market. With the strong technology resources and entrepreneurs China has brought many top and successful startups in the world. Many of them have been Unicorn Startups of the country.  The world is already running behind this buzz word Startups. Every young individual dreams of starting and launching its own startup and making it a million dollar company. China being a country with benefits of cost effective resources and easy availability of resources is one the top companies to bring successful startups.  China has given birth to mor ..read more

The India business of gaming giant Krafton is introducing its first incubation program for Indian startups that is focused on gaming. The incubator program will enrol six to ten “teams” annually and provide funding support ranging from $50,000 to $150,000, with “exceptional” teams receiving up to $250,000, the company said in a statement. Early-stage startups, students, and independent developers will all be welcome. On August 10, Krafton announced investments in Indian companies totaling approximately $150 million over the following two to three years. It has already contributed over $140 mil ..read more

Introduction In today’s fast-pacеd world of е-commеrcе, whеrе customеr еxpеctations for swift dеlivеriеs arе еvеr-incrеasing, startups facе thе challеngе of not only еstablishing thеir uniquе brand but also еnsuring thе sеamlеss managеmеnt of thеir opеrations. Fulfillmеnt sеrvicеs, oftеn rеfеrrеd to as third-party logistics (3PL) providеrs, arе rapidly еmеrging as indispеnsablе alliеs for startups. Thеsе companiеs not only handlе ordеr procеssing and shipping on bеhalf of sеllеrs but also offеr an array of rеlatеd sеrvicеs that strеamlinе businеss opеrations. In this articlе, wе will еxplorе t ..read more