FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 million

Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.

from Tech-Economic Times
via IFTTT

IT firms spend big on acquisitions as AI hits growth

Indian IT firms are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth. Companies are spending billions to gain clients and market share. These deals help IT providers enter new markets and offer expanded services. This strategy aims to counter revenue pressures and vendor consolidation.

from Tech-Economic Times
via IFTTT

Microsoft showcases new PC, cloud AI tools at developer conference

Microsoft's Build conference showcased the new Surface RTX Spark Dev Box. This powerful machine features an Nvidia chip, promising to bring advanced AI directly to personal computers. Microsoft aims to enhance AI safety for its Windows users and compete with rivals in the cloud and PC markets.

from Tech-Economic Times
via IFTTT

Japan's MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to $400 million.

from Tech-Economic Times
via IFTTT

Clean-label food brand Anveshan raises Rs 150 crore led by Vertex Ventures

Clean-label food brand Anveshan has secured Rs 150 crore in a significant funding round. The investment, led by Vertex Ventures, will fuel expansion into new manufacturing units and product categories. Anveshan aims to make high-quality clean food products accessible to a wider consumer base across India.

from Tech-Economic Times
via IFTTT

CBSE crisis deepens: Student data exposed, say cyber activists

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
via IFTTT

From academia to animal welfare: How Assam’s Prapti Foundation emerged as a force against dog trafficking and cruelty

The Prapti Foundation, led by Sarupathar College principal Prapti Thakur, has emerged as a prominent grassroots animal welfare organisation in Assam. Based in Golaghat district, it has rescued and supported more than 1,500 animals through medical care, rehabilitation, feeding drives and awareness campaigns. Its shelter, Sarameya Kutir in Rangajan, has rehabilitated 163 rescued dogs. The foundation also works closely with authorities to combat animal cruelty and illegal dog trafficking across the region.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
via IFTTT