 "PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.")
PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...
 "Physics Wallah secures 0 million in funding, skyrocketing its value to .8 billion, while aiming to transform India’s educational landscape.")
Physics Wallah, an EdTech company founded by Alakh Pandey and Prateek Mishra, has successfully raised $210 million in its Series B funding round, increasing its valuation to $2.8 billion. This funding, led by Hornbill Capital and supported by investors like Lightspeed Venture Partners, reflects confidence in Physics Wallah’s vision to democratize education in India. The ...
 "RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.")
Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...
Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...
 "At the 4th RE-Invest Summit, India commits 6 billion to renewable energy, aiming for 500 GW capacity by 2030.")
At the 4th RE-Invest Summit, Union Minister Pralhad Joshi announced that banks and financial institutions have pledged nearly $386 billion to renewable energy projects in India. Since 2014, India’s renewable energy capacity has surged by 175%, with solar capacity increasing 33 times. The country aims to reach 500 gigawatts of renewable energy by 2030, surpassing ...
 "BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.")
BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...
 "Black Box CEO Sanjeev Verma outlines ambitious plans for 2027-28, targeting billion revenue by expanding India’s operational significance.")
Sanjeev Verma, CEO of Black Box, a part of the Essar Group, has announced plans for significant growth in India, aiming for the country to represent 7-8% of the company’s business as it seeks to reach $2 billion in revenue by 2027-28. Currently, India accounts for just 6% of revenue, which is around $750 million ...
 "LG Electronics plans a .5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.")
LG Electronics is planning a potential initial public offering (IPO) for its Indian business, aiming to raise between $1 billion and $1.5 billion. This move could value LG Electronics India Pvt Ltd at around $13 billion. The company has selected major banks like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley to manage the ...
 "As Flipkart prepares for its Big Billion Days Sale, it empowers over 1.4 million sellers with vital insights and tools for success.")
Flipkart is gearing up for its highly anticipated ‘Big Billion Days Sale 2024’ by equipping sellers with essential tools to meet the holiday season demand. The company recently held seller conclaves in nine major Indian cities, engaging over 4,500 participants and empowering more than 1.4 million entrepreneurs to enhance their business strategies. These sessions emphasized ...
 "India aims to become a semiconductor powerhouse, targeting 0 billion in electronics by 2030, creating 6 million jobs.")
Prime Minister Narendra Modi highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He announced ambitious plans to expand the country’s electronics sector from its current value of over $150 billion to $500 billion by the end of the decade, which could create around 6 million jobs for ...
