Microshots_Hinglish (2025)

13/03/2025

🚀 Zetwerk Planning to File IPO Draft Papers in Next Six Months report

Zetwerk, the Bengaluru-based B2B manufacturing unicorn, is gearing up for its initial public offering (IPO) in the next six months, aiming to raise $400-500 million.

💼 Bankers Appointed for the IPO.
The IPO will see Axis Bank, Goldman Sachs, and Kotak Mahindra Bank serve as the lead bankers for the offering.

💡 Company Valuation and Expansion.
Zetwerk is targeting a valuation of over $5 billion as it strengthens its global footprint, especially in the US, while also enhancing its in-house manufacturing capabilities.

📊 Business Overview.
Founded in 2018 by Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, Zetwerk connects vendors and suppliers with manufacturing companies for procuring industrial machine components.

🔋 Diversification into IT Hardware & EV Manufacturing.
In a strategic move, Zetwerk announced its expansion into IT hardware and electric vehicle (EV) component manufacturing. The company has set aside INR 1,000 Cr (around $122 million) for investment in electronics manufacturing.

🏢 Competition in the B2B Manufacturing Space.
Zetwerk competes with companies like Moglix and OfBusiness in the growing B2B manufacturing sector.

📅 Timeline for IPO.
While Zetwerk has until nine months to file its IPO papers, sources indicate the company is aiming for a public listing within this calendar year.

13/03/2025

🔄 Zomato Gets Board Approval to Rename Itself as 'Eternal'.

Zomato’s board has given the green light to a significant rebranding, with the company set to change its name from Zomato Limited to Eternal Limited. The move aligns with Zomato’s evolving business strategy and growing reliance on its acquired quick commerce platform,
Blinkit.

🚀 The Reason for the Change.
Founder and CEO Deepinder Goyal explained that after acquiring Blinkit in 2022, Zomato began using “Eternal” internally to differentiate between its corporate identity and the food delivery app. With Blinkit now a significant driver of Zomato’s future, Goyal believes it's the right time to make this identity shift.

📄 What’s Next?
The name change is still subject to shareholder approval, as well as clearances from the Ministry of Corporate Affairs and other regulatory bodies. Upon approval, the corporate website will transition from zomato.com to eternal.com, and its stock ticker will change from ZOMATO to ETERNAL.

🍽 Zomato’s Future Structure.
Under the new identity, Eternal will house four major businesses:
● Zomato
● Blinkit
● District
● Hyperpure
However, the Zomato app and brand name will remain unchanged, with the focus shifting to the corporate umbrella that now reflects its diverse business operations.

📉 Recent Financials and Industry Landscape.
Despite the rebrand, Zomato is facing challenges in its core food delivery business. In Q3
FY25, the company reported a 57% YoY decline in net profit, even as revenues grew by 64% YoY. Competition is heating up in the quick commerce space, with rivals like Swiggy and Zepto vying for market share.

💰 Zomato’s Recent Fundraising.
In December 2024, Zomato raised INR 8,500 Cr via a QIP (Qualified Institutional
Placement), marking its first fundraising since its IPO in 2021. This comes at a crucial time, with Zepto planning a $1 Bn IPO and Swiggy eyeing a $1.4 Bn IPO.

13/03/2025

🚀 Veefin Acquires TradeAssets to Expand Offerings.

Mumbai-based Veefin Group, a leading SaaS-based fintech company, has made a strategic acquisition of Dubai-based TradeAssets through its subsidiary Estorifi Solutions.

📈 A Transformative Acquisition.
This latest acquisition is poised to elevate Veefin’s capabilities in the supply chain financing sector by enhancing its collaboration with banks and creating cross-selling opportunities for TradeAssets' global client base.

💡 What Does This Acquisition Mean for Veefin?
1. Integrated Offerings: Veefin’s robust platform already offers supply chain finance, trade finance, and cash management solutions.

2. Enhanced Bank Collaboration: By acquiring TradeAssets, Veefin will deepen its ties with financial institutions, enabling them to maximize value from their trade finance operations.

3. Cross-Selling Opportunities: The acquisition presents cross-selling opportunities for Veefin, as the company can now offer TradeAssets' clients additional services like automated receivables management, cash management, and trade finance solutions, thus broadening its range of offerings.

🌍 Expanding Footprint through Multiple Acquisitions.
Since June 2023, Veefin has embarked on a series of strategic acquisitions to broaden its service offerings.

💼 What’s Next for Veefin?
With 10 companies now under its belt, Veefin is aggressively pursuing more acquisitions in the near future to better serve its expanding clientele and further enhance its capabilities in supply chain financing, trade finance, and digital lending.

13/03/2025

🚀 Zeta’s Valuation Jumps to $2 Bn After Funding from Optum.

Bengaluru-based banking tech unicorn Zeta has successfully raised $50 million (INR 434.3 Cr) in a fresh funding round, led by Optum, pushing its valuation to an impressive $2 billion.

💡 A Growing Mission in Banking Technology.
Founded in 2015 by Ramki Gaddipati and Bhavin Turakhia, Zeta offers an omni-stack platform designed to streamline operations for financial institutions.

🌍 Global Expansion and Significant Growth.
Zeta’s reach extends beyond India, with operations across the US, UK, Middle East, and Asia. The company claims to have served over eight issuers and 30 fintech firms, issuing more than 10 million cards to date.

💰 Financial Growth and Future Prospects.
On the financial front, Zeta has been showing strong growth. For the financial year 2022-23 (FY23), the company reported a Profit After Tax (PAT) of INR 21.94 Crore, reversing a loss of INR 20.7 Crore in FY22.

🚀 Zeta’s Strategic Future.
Looking ahead, Zeta is well-positioned to continue its upward trajectory in the fintech and banking technology space, with a strong focus on expanding its customer base, enhancing its product offerings, and fostering partnerships with key players in the financial industry.

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13/03/2025

🚀 Yotta Unveils GenAI Chatbot Based on DeepSeek.

Mumbai-based Yotta Data Services has made a groundbreaking move by launching myShakti, India’s first Generative AI (GenAI) chatbot powered by DeepSeek technology.

🧠 Focus on Data Security.
One of the key selling points of myShakti is its strong focus on data security, which has become an increasingly critical concern in today’s AI landscape.

🔒 Beta Stage & Free Access.
At the moment, myShakti is in its beta stage, giving early users the opportunity to explore its capabilities and provide feedback on its features.

🌍 DeepSeek’s Global Rise.
The launch of myShakti comes at a time when DeepSeek, the AI model on which the chatbot is based, is gaining global recognition.

💼 Yotta’s AI Investments & Growth.
Yotta, founded in 2023 by Darshan Hiranandani and Sunil Gupta, has been steadily making a name for itself in the data center services and cloud computing space.

💡Government Recognition.
The launch of myShakti comes at a time when Yotta is also gaining recognition from the Indian government. The company recently made it to the shortlist for the IndiaAI Mission’s final bidding process, which aims to procure 10,000 GPUs for AI initiatives.

13/03/2025

🚀 TrueFoundry bags $19 Million to Build a Universal AI Platform.

TrueFoundry, a Platform as a Service (PaaS) startup focused on simplifying AI deployment, has raised $19 million (INR 166.50 Cr) in a Series A funding round led by Intel Capital.

🤖 AI Deployment Simplified.
Founded in 2021 by Nikunj Bajaj, Abhishek Choudhary, and Anuraag Gutgutia, TrueFoundry simplifies the process of deploying and managing machine learning (ML) models in production. The platform offers a universal solution that helps businesses build and deploy AI applications without infrastructure hassles.

💡 Expansion Plans.
The fresh capital will be used to accelerate the development of TrueFoundry’s universal platform, expand the team, and drive go-to-market efforts to scale customer acquisition.

🌍 Key Investors and Partnerships.
Existing investors Eniac Ventures and Peak XV’s Surge participated in the round alongside new investors like Jump Capital and angel investors including Gokul Rajaram, Mohit Aron, and Cyan Banister. TrueFoundry also added Intel Capital’s Avi Bharadwaj to its board of directors.

📈 Rapid Growth and Achievements.
Since its seed round in 2022, TrueFoundry has achieved 4X year-over-year growth in its customer base in 2024 and formed partnerships with major players like Siemens Healthineers, Resmed, Automation Anywhere, Games 24×7, and NVIDIA.

🧠 Building AI for AI.
“At TrueFoundry, we’re building a future where AI manages AI—removing bottlenecks and unlocking speed and scale,” said CTO and cofounder Choudhary. The company’s AI Agent automates workflows for enterprises, helping them scale efficiently with smaller teams and cutting infrastructure costs.

📊 AI Boom in India.
TrueFoundry’s fundraise comes amid growing momentum for AI in India. Finance Minister Nirmala Sitharaman recently announced a Centre of Excellence for AI with INR 500 Cr for education, while union minister Ashwini Vaishnaw revealed plans to develop India’s own foundational AI model.

13/03/2025

🚀 Vahan.ai Secures Funding to Strengthen Blue Collar Recruitment Platform.

In a significant move to bolster its position in the blue-collar recruitment space, Vahan.ai, an AI-driven recruitment platform specializing in blue-collar workers, has successfully secured undisclosed funding from Tokyo-based PERSOL Group, a global leader in workforce solutions.

🤖 Tech-Driven Recruitment.
Founded in 2016 by Madhav Krishna and Mohammed Abdoolcarim, Vahan.ai has rapidly emerged as a leader in automating the hiring process for blue-collar workers.

💡 Capital Deployment Plans.
With this fresh injection of capital, Vahan.ai plans to further strengthen its AI-driven tech stack to enhance the platform's automation capabilities.

📈 Previous Investments.
Vahan.ai has been a well-funded startup, attracting the attention of several prominent investors in its journey. In September 2024, the platform raised $10 million in a funding round led by Khosla Ventures.

🌍 Strategic Partnership with PERSOL Group.
The strategic investment by PERSOL Group provides Vahan.ai with a global partner that has expertise in workforce solutions across multiple regions.

🏙 Expanding in a Growing Gig Economy.
The blue-collar recruitment market is booming, with India economy projected to grow rapidly over the next decade.

13/03/2025

🍽 Swiggy to Charge 2% Additional Fee from Restaurants.

In a recent development, Swiggy, one of India’s leading food-tech giants, has announced a 2% additional collection fee on all orders from its restaurant partners.

💸 Fee Deduction from Payouts.
The company has informed its restaurant partners through an official email that the 2% fee will be deducted directly from the payouts of restaurant partners for every order processed through the platform.

🔴 Backlash from Restaurant Partners.
The announcement has not been well received by many restaurant operators. Sources familiar with the matter indicated that the email, which was sent to select restaurant partners, also gave them an opportunity to voice their concerns or objections regarding the additional charge.

📉 Amidst Growing Tensions.
This move from Swiggy comes at a time when tensions between restaurants and food delivery platforms like Swiggy and its main rival Zomato are already running high.

📊 Swiggy’s Financials.
The decision to implement this additional fee also follows Swiggy’s financial report for Q3 FY25, where the company posted a 39.1% increase in its net loss, which reached INR 799 crore compared to INR 574.4 crore in the same quarter last year.

🔍 Industry Implications.
This latest development further highlights the ongoing power struggle between food delivery platforms and restaurant partners.

13/03/2025

⚡ Tata Motors Plans to Increase EV Charging Points in India to 4 Lakh by 2027.

Tata Motors is set to significantly expand its EV charging infrastructure in India, with plans to increase the number of EV charging points to 4 lakh by 2027.

🔌 Open Collaboration 2.0.
Under its EV arm TATA.ev, Tata Motors has launched the ‘Open Collaboration 2.0’ initiative, aimed at setting up 30,000 public fast chargers across the country. The company is partnering with charge point operators (CPOs) and oil marketing companies (OMCs) to scale up the charging infrastructure, focusing on key hotspots like highways to improve long-distance mobility.

🚗 Strategic Partnerships for Mega Chargers.
As part of this plan, Tata.ev has signed MOUs with Tata Power, ChargeZone, Statiq, and Zeon to operationalise 500 EV mega chargers within the next two years.

💡 Unified Charging Helpline & Payments Wallet.
In addition to expanding the charging network, Tata Motors will roll out a unified charging helpline to address customer queries and a unified payments wallet for a seamless charging experience.

🌍 Impact and Progress So Far.
TATA.ev’s public charging network has already surpassed 18,000 chargers within 15 months. The company’s cumulative impact includes over 1.5 lakh private/home chargers, 2,500 community chargers, and 750 chargers at Tata dealerships across 200+ cities.

📈 EV Adoption in India.
The development comes as India’s EV market is experiencing rapid growth, with total EV registrations increasing by 30% YoY to almost 20 lakh in 2024.

🚀 Tata Group’s Growing EV Focus.
With the rising adoption of EVs in India, Tata Group continues to strengthen its position in the sector, aiming to create a robust ecosystem for electric mobility.

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13/03/2025

🌟 Budget 2025: FM Extends Incorporation Period for Startups by 5 years to avail tax benefits.

In the Budget 2025, Finance Minister Nirmala Sitharaman has announced key measures aimed at boosting India’s startup ecosystem and improving access to credit for MSMEs.

🔑 Extension of Incorporation Period for Startups.
The government has extended the period of incorporation for startups by five years, allowing startups incorporated before April 1, 2030, to avail themselves of income tax benefits under Section 80-IAC.

📊 Boosting Credit Access for Startups.
To support startups, the Finance Minister has reduced the guarantee fee under the credit guarantee scheme for credit between INR 10 Cr and INR 20 Cr.

💡 Support for MSMEs.
The government is also enhancing the credit guarantee cover for MSMEs opting for loans between INR 5 Cr and INR 10 Cr.

💼 Fund of Funds for Startups.
In a major move to bolster the startup ecosystem, Sitharaman announced the creation of a new Fund of Funds for startups, with an additional INR 10,000 Cr contribution.

🚀 Deeptech Sector Focus.
The government also plans to explore the possibility of setting up a dedicated Fund of Funds for the deeptech sector, aimed at fostering next-generation technology startups that can drive India’s technological advancement.

🔬 Research & Innovation Funding.
The FM has allocated INR 20,000 Cr for private-sector research and innovation initiatives, signaling the government's commitment to supporting private-sector-led advancements in science and technology.

💡 Impact on India's Growth.
These measures align with the government's vision to foster a thriving entrepreneurial ecosystem, particularly in critical sectors contributing to India’s growth and self-reliance. With these initiatives, the startup ecosystem is expected to receive a significant boost, enabling sustainable growth and innovation in the years to come.

13/03/2025

🌟 Rapido to Launch Women-Only Bike Taxi Service in Karnataka.

Rapido, the popular ride-hailing platform, has announced plans to introduce an all-women "Pink" bike taxi service in Karnataka by the end of 2025, creating opportunities for women riders and drivers.

🔑 Exclusive Women-Only Service.
The new service will exclusively cater to female customers, with women drivers operating the bike taxis. Rapido aims to generate 25,000 jobs for women, empowering them in the mobility sector and ensuring safer travel for women.

🚺 Focus on Empowerment and Safety.
Rapido co-founder Pavan Guntupalli emphasized that the goal is to ensure women feel safe while traveling. "If a woman can safely travel with an unknown driver, reaching her destination with ease, it can be considered our success," he shared.

💼 Rapido’s Expansion Plans.
This new service is part of Rapido’s larger growth strategy. The company is expanding its footprint to 500 cities across India and venturing into quick commerce. Additionally, Rapido has been raising funds to support its ambitious plans.

🌍 India's Growing Mobility Market.
With India’s rapidly growing ride-hailing market, Rapido is tapping into the increasing demand for women-friendly transportation. The mobility market is projected to become a $11.64 billion opportunity by 2029.

📊 Financial Growth.
Rapido has managed to trim its losses by 45%, posting a loss of INR 370 Cr in FY24 compared to INR 675 Cr in FY23. The company’s operating revenue also saw a significant increase of 1.5X year-on-year, reaching INR 648.1 Cr.

🚀 The Road Ahead.
With a strong focus on women’s safety and economic empowerment, Rapido’s women-only bike taxi service is set to become a game-changer in India’s ride mobility market. This initiative will strengthen Rapido’s position as a leader in India’s evolving transportation landscape.

13/03/2025

🚫 Tamil Nadu Bans Online Real Money Gaming for Minors.

The Tamil Nadu Online Gaming Authority has announced a new set of rules aimed at regulating real money online games, including stricter measures to protect minors and ensure responsible gaming.

⚖ Purpose of the Rules:
The regulations aim to ensure that online gaming platforms operate responsibly, safeguard users, and promote fair practices. It also aims to minimize the risk of addiction associated with online gambling.

💬 Industry Response:
Roland Landers, CEO of the All India Gaming Federation (AIGF), expressed support for the regulations but suggested that the industry needs further discussion to understand the operational impact, especially regarding the blanket ban during late-night hours.

📉 Challenges for the Industry:
The regulations, along with the 28% Goods and Services Tax (GST) imposed on the total value of bets in 2023, are expected to have a direct impact on the revenue of online gaming companies.

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