February’s massive winter weather disaster underscored the fragile availability and volatile cost of electricity in the Houston area and throughout Texas. Just a month after the calamity, a Washington, D.C.-based company has scooped up Houston-based Real Simple Energy to help put power back in the hands of electricity consumers in Texas. Arcadia, a tech company […]
Envisaged for a year, Chandrayaan-2 orbiter likely to last 7 years The life of the orbiter of Chandrayaan-2 was initially envisaged for a year but the Indian Space Research Organisation (ISRO) expects it to last for seven years, Union Minister Jitendra Singh said on Wednesday. In a written response to a question in the Lok […]
Delhi HC restrains Future Group from moving ahead with Reliance deal on Amazon’s plea The Delhi High Court on Thursday upheld Singapore’s Emergency Arbitrator’s (EA) order, restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based ecommerce giant […]
SBI, Paytm Payments Bank, and PhonePe lead UPI transactions in February SBI was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India. PhonePe topped the app category on the UPI platform in terms […]
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page. Top Stories of the Week […]
Five IPOs to hit markets this week; seek to raise Rs 3,764 Cr Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore. The companies are expecting to benefit from an equity market, which is flush […]
Ratan Tata hopes everyone can be immunised soon as he takes the COVID-19 vaccine Industrialist Ratan Tata on Saturday tweeted that he has been administered his first COVID-19 shot, and that it was effortless and painless. “Very thankful to have gotten my first vaccination shot today. It was effortless and painless. I truly hope everyone […]
Nimble Robotics, a robotics and ecommerce fulfillment technology company, today announced a $50 million Series A financing led by DNS Capital and GSR Ventures with participation from Accel and Reinvent Capital among others. The capital raised will further accelerate the company’s hiring plans, product and technology development and scaling of robot deployments for its customers’ […]
India’s fintech sector valuation to touch $150-160B by 2025: Report India is strongly poised to realise a fintech sector valuation of $150-160 billion by 2025, translating to an incremental value-creation potential of about $100 billion, a report by Boston Consulting Group (BCG) and FICCI said. The report said over the past five years, Indian fintech […]
Paytm teams up with Ola, others, to apply for RBI’s digital payments umbrella entity Paytm chief Vijay Shekhar Sharma has confirmed that the fintech giant was applying to constitute a New Umbrella Entity in partnership with several players including Ola, aiming to develop innovative digital payments solutions. The consortium will also include a bank, a […]
