Delhivery’s Latest Moves, Sorted Gets New Face, Karnataka Welcomes Semiconductor Plant

TVS Motor shifts gears, making DriveX Mobility a subsidiary, while Greaves Electric aims for a ₹1,000 Cr IPO to fuel its EV ambitions. Anant Goel's Sorted gets a fresh identity as "Handpickd," going all-in on online F&V distribution.

Delhivery fortifies its logistics game with strategic hires, and Karnataka welcomes a ₹3,426 Cr semiconductor plant by Zoho-backed Silectric. Meanwhile, Aditya Birla Capital makes financial services simpler, integrating credit, insurance, and investments on ONDC.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Meri Pehchaan, Mera Adhikaar”: Anant Goel’s Sorted Rebrands To Handpickd, Aims To Sharpen Focus On Online Play

Anant Goel, founder of Milkbasket, has rebranded his fruits and vegetables startup Sorted to “Handpickd,” signaling a shift in strategy.

The move marks a pivot from offline distribution to sharpening its focus on the online space. It’s a measured step to align with evolving consumer trends in the F&V segment.

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“Aaiye Aapka Intezaar Tha”: Delhivery Boosts Its Supply Chain And Logistics Verticals With Two Appointments

Delhivery is bolstering its operations with two key appointments: Navneet Kumar as head of its supply chain services and Surajit Das to lead the logistics platform OS1.

Both bring deep expertise in enterprise sales, supply chain management, and technology. It’s a calculated move to strengthen Delhivery’s backbone in a competitive logistics market.

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“Janhit Mein Jaari”: K’taka Approves Zoho-Backed Silectric’s INR 3,426 Cr Semiconductor Plant

Karnataka has greenlit a ₹3,426 crore semiconductor plant by Zoho-backed Silectric Semiconductor in Mysuru’s electronics cluster.

Part of a larger ₹9,823 crore investment push, the project is expected to create 460 jobs and energize India’s semiconductor ambitions. It’s a strategic leap for Karnataka’s growing tech ecosystem.

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“Tum Par Purna Vishwas Hai”: TVS Motor Raises Stake In Narain Karthikeyan’s DriveX Mobility

TVS Motor has revved up its game, raising its stake in Narain Karthikeyan’s DriveX Mobility to a commanding 87.38%.

With DriveX now a subsidiary, the digital platform for pre-owned two-wheelers gets a turbocharged boost from the auto giant. Looks like TVS isn’t just riding the two-wheeler wave—it’s driving it.

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“Abhi Toh Party Shuru Hui Hai”: Ampere-Maker Greaves Electric Files DRHP For INR 1,000 Cr IPO

Greaves Electric Mobility, the company behind Ampere EVs, has taken a significant step by filing for a Rs 1,000 crore IPO.

The draft red herring prospectus outlines plans for a fresh issue alongside the sale of 189.4 million shares by its promoter and investor. This move signals a pivotal moment as the EV maker gears up to navigate public markets.

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“Hum First Hai”: Aditya Birla Capital Integrates Credit & Insurance Offerings On ONDC

Aditya Birla Capital has become the first financial services company to bring lending, insurance, and investments to ONDC.

Now, users can access these offerings seamlessly through multiple buyer apps, no extra downloads needed. It’s a step forward in simplifying access to financial products for the digital-savvy consumer.

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Logistics startup Leap India is set to raise $63 Mn in a funding round led by KKR, with participation from Sixth Sense and others. This marks the company’s first big capital infusion in 2024.

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