River Mobility Ltd, a Bengaluru-based EV startup, plans to invest ₹1,000 crore in a new 25-50 acre facility in South India, producing 5 lakh vehicles annually.
Google invested in a ₹92 crore fundraising by Moving Tech, the parent of India's ride-sharing app Namma Yatri, during a pre-Series A round. Other investors include Blume Ventures and Antler.
Bhavish Aggarwal announced on X that Ola Cabs is offering Indian developers one-year free access to Ola Maps via Krutrim. Over ₹100 crore in free credits are available for registered developers.
After reports went viral about Tesla pulling back from setting up factories in India, Ola founder Bhavish Aggarwal tweeted that it’s Tesla’s loss, not India’s. He emphasized India's growing EV and Lithium industries.
Bangalore-based Unbox Health, founded by Arjun Anjaria in April 2024, uses unbiased third-party lab testing to rate products in the market amidst recent packaged foods controversies.
Koo, a 4-year-old Indian alternative to Twitter, is shutting down after acquisition talks with Dailyhunt failed. Founded in 2020 by Aprameya Radhakrishna and Mayank Bidawatka, Koo promoted native languages and gained over 60 million downloads.
On June 29, Deepinder Goyal’s Zomato received a Rs 9.45 crore GST penalty notice from the Karnataka tax regulator for FY 2019-20. Zomato plans to appeal, claiming a strong case with no expected financial impact.
Bangalore-based Amrut Distilleries won the "World's Best Whiskey" title at the 2024 International Spirits Challenge in London, beating renowned brands from Scotland, Ireland, and Japan.