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- Amazon’s Suvidha Kiosk, Solv & Jumbotail Team Up, and Nikhil Kamath Urges RBI
Amazon’s Suvidha Kiosk, Solv & Jumbotail Team Up, and Nikhil Kamath Urges RBI
Plus news about IG Drones training tribal youths in Odisha, and GoMechanic gearing up with a ₹100 Cr investment to streamline two-wheeler servicing market
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Amazon’s Suvidha Kiosk is blending faith with fintech, offering seamless order pickups and returns at the massive pilgrimage. Meanwhile, Solv and Jumbotail are in merger talks, eyeing a $50M deal to reshape B2B commerce. In Odisha, IG Drones is training tribal youths as drone pilots, bringing tech-driven opportunities to overlooked regions. On the cybersecurity front, Nikhil Kamath is pressing the RBI to crack down on fake payment apps, while GoMechanic is gearing up with a ₹100 Cr investment to streamline India’s chaotic two-wheeler servicing market.
Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.
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“Ho Raha Bharat Nirman”: IG Drones Builds Facilities To Train Tribal Youths in Remote Odisha
In the remote stretches of Odisha’s Kalahandi, IG Drones is setting up training hubs to equip tribal youths with drone pilot and technician skills. Backed by MP Sujeet Kumar, these Centers of Excellence align with the Viksit Bharat mission, aiming to bridge technological gaps in underserved regions.
As drones redefine industries, this initiative offers a rare gateway to opportunity in a landscape often overlooked.
Read more here
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“Kya Ye Andha Kanoon Hai”: Nikhil Kamath Urges RBI To Tackle Rising Threat Of Fake Payment Apps
Zerodha’s Nikhil Kamath has sounded the alarm on fake payment apps mimicking banks and brokers, urging the RBI to act swiftly.
His concerns come just as the central bank launches ‘bank.in,’ a secure domain to curb phishing and fraud. As digital finance expands, the battle against cyber threats grows sharper—trust, after all, is the backbone of the system.
Read more here
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“Anand Hi Anand”: Amazon’s Mahakumbh Kiosk To Offer Order Pickup, Returns
Amid the chaos of Mahakumbh, Amazon’s Suvidha Kiosk stands as a quiet convenience, offering order pickups and returns within a 3 km radius. Beyond commerce, the initiative extends to essentials—upcycled cardboard beds placed at key locations, including the lost and found center.
With CoRover’s AI assistance and Blinkit’s quick commerce, technology weaves itself into the fabric of faith, bridging devotion with digital ease.
Read more here
“Janmo Ke Saathi”: Solv In Talks To Merge With Jumbotail
As the B2B grocery sector braces for consolidation, Solv and Jumbotail are reportedly eyeing a $50 million merger. The deal, a mix of cash and equity, could bolster Jumbotail’s B2B offerings while tapping into Solv’s SME credit network.
With several players struggling to stay afloat, this merger signals a fight for survival in a rapidly shifting market.
Read more here
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“Babuji Zara Dheere Chalo”: GoMechanic Mulls INR 100 Cr Investment To Expand Its Two-Wheeler Service Offering
GoMechanic is eyeing a ₹100 Cr push to bring structure to India’s chaotic two-wheeler servicing market. With 75% of the country’s vehicle sales coming from bikes and scooters, the move aims to replace unverified parts and pricing confusion with standardised service.
For millions of riders, this could mean fewer surprises at the workshop and more reliability on the road.
Read more here
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Finnable, backed by Ranjan Pai, is set to secure ₹30.5 Cr in Series B funding led by TVS Capital and Malpani Group. As digital lending tightens its grip, this boost could fuel its next phase of growth.
Read more here
Rupeeflo has secured $1M from Piper Serica to enhance financial access for NRIs, simplifying banking and investments. With fintech veterans backing the venture, it’s set to bridge the gap between global Indians and their money.
Read more here
Venturi Partners has invested $25M in footwear brand JQR, securing a minority stake in its first VC funding round. The move aims to scale JQR’s offline reach, build an online platform, and tap into India’s growing sneaker market.
Read more here
Triton has marked the first close of its second fund at ₹120 Cr, aiming for a total corpus of ₹240 Cr. With a focus on B2B tech and AI-driven startups, the fund is over five times larger than its predecessor.
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The Energy Company has secured $2M in a pre-Series A round to fuel its growth in the sustainable power sector. With fresh capital, it aims to scale its clean energy solutions and expand market reach.
Read more here
Owl Ventures has invested $7M in BorderPlus, backing its mission to streamline workforce mobility. Starting with Germany’s healthcare sector, the platform aims to expand into hospitality, retail, and beyond.
Read more here
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