Brewing Bold Moves with Zomato’s Electric Fleet and Dhoni's Investment Sixers

Pour yourself a fresh cup of StartupChai as we delve into today’s most intriguing updates from the world of Indian startups. In this edition, Zomato takes another innovative leap with its all-electric 'Large Order Fleet', promising eco-friendly deliveries for grand feasts. Meanwhile, CASHe is breaking new ground in EV financing, giving a boost to electric two-wheeler owners. On the tech front, a high-risk alert has been issued for Microsoft products, urging businesses and individuals to tread carefully.

Plus Don't miss our specially brewed memes that capture the essence of today's stories…

What Matters

“Muskane Jhooti Hai?”: Zomato Continues Its Experiments, Unveils All-Electric ‘Large Order Fleet

Zomato is on a roll with its innovations. Now, they're rolling out an all-electric ‘Large Order Fleet’, ready to whisk away feasts for up to 50 people in one shot. CEO Deepinder Goyal promises a solution to the headaches of big orders, but with recent moves like the ‘Pure Veg Fleet’, some wonder if it's more about marketing than meeting demand.

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“CASHe Par Aish Karo”: CASHe Forays Into EV Financing Business With CASHe Green

CASHe is making green moves by venturing into the EV financing game with CASHe Green. Offering loans up to INR 2 Lakh with interest rates dipping below 1% and 20-month EMIs, they're empowering e2W owners with flexibility for battery replacements and system upgrades.

Besides, with an exchange option for ICE two-wheelers, they're steering towards a greener future, one loan at a time.

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“Savdhaan Rahe, Satark Rahe”: Govt. Issues High-Risk Warning For Microsoft Products And Services

CERT-In has flagged Microsoft's products and services as high-risk due to multiple vulnerabilities spotted in their systems. With a 'high' severity rating, it's time to stay vigilant and maybe hold off on those updates until the coast is clear.

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“Maahi Maar Raha Hai”: EV Startup EMotorad Ropes In Dhoni As Equity Investor

Guess who's riding the electric wave? None other than cricket legend Dhoni, who's now an equity investor in EMotorad.

Embracing innovation for sustainability, he's backing this new-age company alongside ventures like Tagda Raho and Khatabook, showing that he's not just hitting sixes on the field, but also in startup investing.

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“Badhaai Ho Badhaai”: BharatPe Elevates Nalin Negi To CEO

BharatPe's got a new captain at the helm. With Nalin Negi taking the reins as CEO, they're gearing up to supercharge their lending verticals and empower merchants across the nation.

Armed with decades of fintech and banking experience, Negi's all set to steer BharatPe towards greater heights by capitalizing on market opportunities. Here’s to wishing him all the best.

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“Smile Please”: Apple In Talks With Murugappa Group, Titan To Make iPhone Camera

Apple is on a quest to bolster its presence in India, eyeing Murugappa Group and Titan for their precision prowess in manufacturing. With Murugappa's acquisition of a majority stake in Moshine Electronics, specializing in camera modules, the stage is set for a potential collaboration that could revolutionize the iPhone supply chain in India.

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“Muqaddar ka Sikandar”: Namma Yatri launches cab services in Bengaluru, onboards 25,000 drivers

Namma Yatri is hitting the streets with a fleet of 25,000 drivers, ready to revitalize your commute.

With no subscription fees for drivers initially, and a pocket-friendly plan of Rs 90 per day for unlimited rides later on, they're gearing up to give Uber and Ola a run for their money right in their own backyard. Get set for a ride-hailing showdown like never before.

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Fundraising and Financials

1. Medulance secures $3 Mn from Alkemi Growth Capital to expand nationwide, prioritizing emergency management tech for accessible healthcare solutions.

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2. ClickPost secures $6 Mn led by Inflexor and Athera Venture Partners to enhance its logistics intelligence platform, empowering online retailers with streamlined shipping operations and AI-driven modules for a seamless customer experience.

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4. ProcMart secures $30 Mn in Series B funding led by Fundamentum Partnership to enhance supply chain integration, empowering businesses with streamlined procurement solutions.

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5. Despite a hefty $200 million investment from Jio Platform, Glance, InMobi's mobile-first content platform, sees losses exceeding Rs 1,000 Cr in FY23 despite a notable 77% growth, highlighting challenges in monetization despite user traction.

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6. Parsons Nutritionals secures a significant Rs 700 crore investment from Lighthouse Funds, bolstering its position as a leading contract manufacturer of a wide range of food products.

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7. Varco Leg Care, a Delhi-based leg care brand, secures $500K in Seed funding led by Sunicon Maiden Fund, marking a significant boost for its innovative products.

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8. ClaimBuddy secures $5 Mn in Series A funding led by Bharat Innovation Fund to revolutionize insurance claims processing for hospitals and patients.

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