Global express transportation major FedEx has announced an investment of over ₹2,500 crore to establish a fully automated cargo hub at the upcoming Navi Mumbai International Airport (NMIA), reinforcing India’s position in global trade and logistics. The 300,000 sq ft facility will be developed in partnership with Adani Airport Holdings Ltd (AAHL) and is designed to function as a regional consolidation and redistribution hub. The project is expected to significantly enhance western India’s role as an international logistics gateway. Strategic Logistics Boost for Western India The new cargo hub will leverage NMIA’s multimodal connectivity, including proximity to Jawaharlal Nehru Port,…
Author: Adarsh Kumar
India’s largest online travel platform, MakeMyTrip, has announced a collaboration with OpenAI to strengthen AI-led travel discovery and capture high intent conversational travel queries. Under the partnership, MakeMyTrip will integrate OpenAI’s application programming interfaces (APIs) to power new artificial intelligence features within its app. The integration is designed to help travellers move seamlessly from conversational inspiration to confirmed bookings through the company’s generative AI assistant, Myra. From Conversation to Booking The collaboration aims to position MakeMyTrip at the centre of AI-driven travel planning journeys. By translating conversational queries into structured, transaction ready options across flights, hotels, and ancillary services, the…
Asset performance management platform Truboard Partners has raised ₹20 crore (approximately $2.2 million) in a funding round led by Earth Fund, a sustainability focused venture capital firm. The Mumbai based startup had earlier secured $2.83 million from Polestar Capital and other investors. With this latest round, the company plans to strengthen its product architecture and expand its AI-driven platform across multiple asset classes in a disciplined and scalable manner. Focus on AI-Led Portfolio Intelligence Founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners provides AI-powered asset performance management software designed for lenders, equity investors, and asset…
Bokaro-based 3D wall décor startup Artociti has raised ₹1 crore on Shark Tank India in exchange for a 7.5% equity stake, valuing the company at approximately ₹13.33 crore. The deal was closed by Namita Thapar and Vineeta Singh. The fresh capital will be used to establish a new manufacturing facility in Bokaro, Jharkhand. The company plans to expand production capacity, streamline quality control processes, and reduce delivery timelines as it scales operations. Expansion and Manufacturing Push Artociti is strengthening its vertically integrated model with a focus on in-house production and operational efficiency. The upcoming facility is expected to enhance output…
Drug discovery startup Peptris has raised ₹70 crore (approximately $7.7 million) in a Series A funding round co-led by IAN Alpha Fund and Speciale Invest. The round also saw participation from Tenacity Ventures, BYT Ventures, and other investors. The Bengaluru based company will deploy the fresh capital to advance its existing drug development programs toward clinical readiness over the next 24 months. The funding will also support pipeline expansion and strengthen its teams across biology, chemistry, data science, and artificial intelligence. Founded in 2019 by Narayanan Venkatasubramanian, Shridhar Narayanan, Anand Budni, and Amit Mahajan, Peptris is building an AI-powered drug…
Asset manager ICICI Prudential Mutual Fund has crossed the 5% shareholding mark in Brainbees Solutions, the parent company of FirstCry, following a fresh purchase of shares through its mutual fund schemes. According to a regulatory filing, the fund acquired 2,00,210 equity shares of Brainbees on February 16, 2026, for approximately ₹4.6 crore. Post-acquisition, ICICI Prudential Mutual Fund’s total holding increased to 2,62,47,897 shares, representing a 5.028% stake in the company. Prior to this transaction, the mutual fund held 2,60,47,687 shares, or 4.990% of Brainbees’ paid-up capital. The latest purchase accounts for an incremental 0.038% stake in the company, taking it…
Bootstrapped wearables brand GoBoult Audio delivered a sharp improvement in profitability in FY25, even as India’s broader wearables market slowed after years of hyper growth. While several large players reported flat or declining topline performance, GoBoult managed to post double digit revenue growth alongside a tenfold jump in net profit. According to its filings with the Registrar of Companies (RoC), GoBoult’s revenue from operations rose 10% year-on-year to ₹763 crore in FY25 from ₹697 crore in FY24. Though growth moderated compared to the previous fiscal, sustaining expansion in a cooling market highlights the company’s disciplined approach. Cost Control Drives Margin…
ValueQuest Investment Advisors has raised a ₹2,000 crore private equity fund focused on advanced manufacturing sectors including aerospace, defence, and energy transition, marking one of the largest rupee denominated sector focused pools in this space. The Mumbai-based investment firm said its new fund, ValueQuest Tristar, surpassed its initial target corpus of ₹1,500 crore and activated a ₹500 crore greenshoe option, taking the total size to ₹2,000 crore. The fund is backed entirely by domestic limited partners (LPs) and is expected to complete fundraising within the current calendar year. Focus on Advanced Manufacturing and Strategic Sectors The fund will invest in…
Frissly began with a simple insight: most packaged foods claiming to be “healthy” were actually full of refined ingredients, synthetic additives, and factory driven processes. Consumers were being sold marketing, not nutrition. This gap inspired Frissly to build a certified organic brand grounded in transparency, clean labels, and kitchen made integrity. Commitment to Quality, No Shortcuts From day one, Frissly prioritized quality over speed. Building a certified organic supply chain in India came with hurdles limited certified farms, inconsistent raw materials, and supply volatility. Achieving taste, shelf-life, and affordability without preservatives required over two years of R&D, testing thousands of…
FMCG major Dabur has elevated its Group Chief Executive Officer Mohit Malhotra to the position of Global CEO, while appointing Herjit Bhalla as Chief Executive Officer for its India business. The leadership transition marks a strategic shift aimed at strengthening Dabur’s international footprint while sharpening focus on its core domestic operations. Bhalla, currently Vice President Canada & Global Customers at The Hershey Company, will assume the India CEO role effective April 15. With extensive experience in global confectionery and consumer brands, Bhalla is expected to drive growth across Dabur’s India portfolio amid evolving consumption trends and increasing competitive intensity in…