Entrepreneur India

#EXCLUSIVE: On the cover we have Viren Merchant, Anjali Merchant Majithia and Radhika Ambani representing Encore Healthcare. The pharmaceutical company is focused on bringing affordable healthcare to India and the world. In his first media interaction Viren Merchant tells Shrabona Ghosh how his daughters Radhika Ambani and Anjali Merchant Majithia are ready to take over the business and are actively working on the global and domestic expansion plans. #Entrepreneur

2024: A Boon Or a Bane For MSMEs Innovation has become a non-negotiable for MSMEs, especially as they face competition from both domestic giants and global players. India is today the world's fastest growing major economy, and one of the largest drivers of the country's economic progress have been MSMEs, particularly considering their outsized influence on exports and employment generation. Read Full Story:- https://lnkd.in/g8xzxQfF By Aditya Pran Mahanta #MSMEs2024 #InnovationForGrowth #EconomicDrivers #MSMEChallenges #IndiaEconomy #SmallBusinessSuccess #EmploymentGeneration #ExportPowerhouse #MSMEInnovation #FutureOfBusiness #GlobalCompetition #EconomicGrowth #SupportMSMEs #EntrepreneurshipIndia

Confido Health, Quanfluence, and Fitsol Raise Early-Stage Funding Together Fund Leads USD 3 Mn Investment in Confido Health's AI-Driven Solutions AI-focused healthtech startup Confido Health has raised USD 3 million in its seed funding round led by Together Fund, with participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and strategic healthcare operators. This follows its pre-seed round led by Momentum Capital. Based in New York, Confido Health plans to utilise the funds to enhance its AI-driven technology and expand into new specialties, including surgery, orthopedics, dental, renal, and pediatrics. Confido Health, Together Fund, MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, Quanfluence, pi Ventures, Golden Sparrow, Fitsol, Transition VC Read more: https://lnkd.in/gjwahXru #ConfidoHealth #Quanfluence #Fitsol #EarlyStageFunding #HealthTech #AIFunding #TogetherFund #InnovationInHealthcare #StartupSuccess #FutureOfHealthTech #GlobalHealthSolutions

Deel Acquires Assemble to Redefine Global Compensation Management Deel, a payroll and HR platform for global teams, has announced its acquisition of Assemble, a compensation management and insights company. This strategic move underscores Deel's mission to simplify global workforce management and address one of the most pressing challenges in global work: compensation transparency and equity. By integrating Assemble into its ecosystem, Deel is poised to deliver a comprehensive solution that combines payroll, HRIS, and performance management with cutting-edge compensation tools. This marks Deel's fourth major acquisition of 2024, following integrations with Global Payroll (Payspace), Deel Engage (Zavvy), and Deel IT (Hofy). Acquisition.com, payroll and HR platform, Deel, ASSEMBLE, compensation management, and insights, Global Payroll (PaySpace by Deel), Deel Engage (Zavvy), Deel IT (Previously Hofy) Read more: https://lnkd.in/gcutvsxg #DeelAcquiresAssemble #GlobalCompensation #WorkforceManagement #HRInnovation #CompensationTransparency #PayrollSolutions #HRTech #DeelEcosystem #FutureOfWork #Deel2024

3,200 New Outlets; Ola Electric Pushes Towards 4,000 Stores by Christmas Ola Electric, Indian EV company, has launched the 'Savings Wala Scooter' campaign, an initiative designed to make electric mobility more accessible for every Indian household. This campaign, detailed in a recent regulatory filing, is set to achieve a milestone with the expansion of Ola's sales and service network to 4,000 touchpoints by December 25, 2024—marking one of the fastest EV distribution rollouts globally. Read more: https://lnkd.in/gx22mrS2 #OlaElectric #SavingsWalaScooter #EVRevolution #ElectricMobility #SustainableTransport #EVStores #ElectricScooters #GreenIndia #OlaExpansion #FutureIsElectric

Databricks Secures USD 10 Bn in Series J Funding, Valuing the Firm at USD 62 Bn San Francisco-based data analytics and AI firm Databricks has raised USD 10 billion in a landmark Series J funding round, pushing its valuation to an impressive USD 62 billion. This financing, one of the largest in venture capital history, surpasses OpenAI's USD 6.6 billion raise from October. Thrive Capital led the round, with co-leaders Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management. Additional backing came from Ontario Teachers' Pension Plan, alongside new investors ICONIQ Growth, MGX, Sands Capital, and Wellington Management. Databricks, Data analytics and AI firm, Series J funding, Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners, WCM Investment Management Read more: https://lnkd.in/gtwbruWM #Databricks #SeriesJFunding #AIAnalytics #ThriveCapital #AndreessenHorowitz #DSTGlobal #GIC #InsightPartners #WCMInvestmentManagement #InnovationInData #TechFundingNews

IVP-Led USD 500 Mn Round Propels Perplexity to USD 9 Bn Valuation in AI Search Market Perplexity's valuation has soared rapidly, rising from USD 1 billion in April to USD 3 billion in June, after receiving a SoftBank Vision Fund 2 investment of USD 10–USD 20 million, with Nvidia as a key backer. Read Full Story:- https://lnkd.in/gNMrWVxW #IVP #PerplexityAI #FundingSuccess #AIMarket #TechValuation #AIInnovation #StartupGrowth #SoftBank #Nvidia #SearchTech #TechInvestment #AIRevolution #NextGenSearch #TechFunding #UnicornStartup

Khosla Ventures and Rakesh Gangwal Lead USD 90 Mn Round in Zetwerk The investment will be channeled toward expanding Zetwerk's operations in renewables, consumer electronics, and aerospace. Read Full Story:- https://lnkd.in/gkzj7MKA #Zetwerk #KhoslaVentures #RakeshGangwal #FundingRound #RenewableEnergy #ConsumerElectronics #AerospaceInnovation #ManufacturingExcellence #StartupFunding #BusinessExpansion #TechInnovation #GlobalGrowth #SeriesDFunding #FutureReady #IndustrialTech

JSW Infrastructure Targets 400 MTPA by FY30 with INR 30,000 Crore Investment Plan The plan includes a mix of strategic developments including capacity upgrades at existing facilities in Jaigarh, Dharamtar, and Goa; establishing new ports at Jatadhar, Keni, and Murbe; acquisitions like Navkar Corporation and investments in a slurry pipeline project to strengthen end-to-end logistics solutions. Read Full Story:- https://lnkd.in/gghrJ4Y2 #JSWInfrastructure #InfrastructureDevelopment #PortExpansion #LogisticsSolutions #SustainableGrowth #InvestmentPlan #CapacityBuilding #MaritimeInnovation #IndiaInfrastructure #StrategicInvestments #EndToEndLogistics #EconomicGrowth #FutureReady #SupplyChainEfficiency #PortDevelopment

Multiples Acquires Minority Stake in INSTANT-XP The investment aims to accelerate the company's growth, enhance technological capabilities, and expand its service offerings. Read Full Story:- https://lnkd.in/gtnRhAv8 #BusinessGrowth #InvestmentNews #TechInnovation #MultiplesInvests #INSTANTXP #StartupFunding #GrowthAccelerator #ServiceExpansion #InnovationDriven #TechPartnership #BusinessStrategy #CorporateInvestment