Author: Arabian Media staff

The government will provide training on artificial intelligence (AI) to over 5.5 lakh village-level entrepreneurs who run Common Service Centres for free, Union Minister Ashwini Vaishnaw said on Wednesday.Speaking at the 10th anniversary of CSC SPV, Vaishnaw said that training will be provided under the government’s IndiaAI Mission, which has a provision to train 10 lakh people on AI.”All of you will be given AI training for free. We have set a target under the IndiaAI Mission to skill around 10 lakh people. All 5.5 lakh VLEs will be given preference in that training,” Vaishnaw said.Minister of State for Electronics…

Jupiter Money, the digital-first personal finance platform, on Thursday said it has secured a direct insurance broker license from the Insurance Regulatory and Development Authority of India (IRDAI), marking its official entry into the insurance distribution business.The approval enables the Mumbai startup to offer life and general insurance products directly through its app, in partnership with leading insurers. The move is part of a broader effort to become a full-stack financial services provider, following its earlier regulatory clearances in 2023 for an NBFC and a prepaid instrument license.“Insurance is a critical layer in the financial journey, and it remains underserved…

In every bookstore or online list, the spotlight is often fixed on bestsellers, the books everyone seems to be reading, reviewing, and recommending. And while some of them truly earn their place in the limelight, many ride the waves of hype, marketing dollars, or celebrity endorsements. But what about the books that don’t make it to the front tables or the trending lists, yet pack far more substance, soul, and staying power?Some of the most thought-provoking, emotionally resonant, and masterfully written books live in the shadows of blockbusters. These hidden gems aren’t on Booktok; they whisper truths, build quietly, and…

AceVector is in late stages of finalising and filing its draft red herring prospectus (DRHP) to raise Rs 500 crore through a public offering, according to a source familiar with the matter. Entrackr was the first to respond on this matter. AceVector did not respond to YourStory’s request for comment. According to the source, the company has roped in CLSA and IIFL as bankers for the expected initial public offering (IPO). The proposed issue will mostly comprise of primary capital. The ecommerce ecosystem firm operates e-commerce platform Snapdeal, software-as-a-service (SaaS) platform Unicommerce, and consumer brand building company Stellar Brands. @media…

Less sugar, more protein—that’s what Bengaluru-based Lo! Foods is betting on as it nears Rs 100 crore in annual recurring revenue (ARR), driven by strong traction for its protein-focused brand Protein Chef through quick commerce platforms.The company has raised $3.5 million in a Series B round led by Rainmatter Health, an initiative by Zerodha, and Singapore-based Capital Code. The round also saw participation from Mount Judy Ventures, Ice.VC, KPB Ventures, and existing family offices.“Protein Chef is our fastest-growing brand, and we believe we have only scratched the surface here. We think that this alone can be very large. In the…

Hello,In the popularity contest between Copilot and ChatGPT, OpenAI is beating Microsoft soundly.While the Copilot smartphone app has been downloaded 79 million times, ChatGPT recently surpassed 900 million downloads.Further, OpenAI is also on a new monetisation kick. The company plans to take a cut from online product sales made directly through ChatGPT by integrating a checkout system into the platform.Where Sam Altman and SoftBank’s Masayoshi Son are concerned, AI demand is just kicking off. Rather, now is the time to scale infrastructure, since the insatiable demand for AI makes it imperative to keep building more computing capacity.Even tariffs are playing…

When COVID-19 struck, garment factories and textile mills shut down temporarily due to lockdowns and labour shortages. It also gave the mill owners in Surat an opportunity to ideate and experiment. “There was synergy as the Surat ecosystem was beginning to realise that organised retail was going to be the future,” Ramya Iyer tells YourStory. She was a founding partner of the fashion brand 6Y Collective and has worked closely with mill owners. In 2023, she founded Surat-based fashion retail startup Fantail. The company works in the man-made fibre (MMF) sector, designing and manufacturing MMF fabrics such as viscose, nylon, and polyester…

Kettleborough VC, an early-stage venture capital firm, has unveiled its second fund—Fund II—with a target size of Rs 80 crore. The firm has already secured Rs 35 crore in its first close.Established in 2021 by Nisarg Shah, Kettleborough VC aims to back around 10 startups with initial investments ranging from $300,000 to $500,000. The fund will focus on sectors such as financial services and software. The first close attracted capital from family offices and entrepreneurs based in both India and the US. The firm stated that it is on track to finalize its first few investments in the coming weeks.The…

Quick commerce is gaining traction in Tier II cities, particularly due to a wider assortment of groceries, according to a report by brokerage Emkay. The surge is driven by a greater variety in offerings, with dark stores stocking about 8,000 SKUs compared to local grocery stores, which usually store around 1,000 SKUs. Moreover, lower rent and wage costs have also pulled down the break-even mark for dark stores to 800 orders per day from 1,300 per day per store. However, challenges like higher logistics costs, lower order density, and smaller average cart sizes continue to persist, noted the brokerage in…

From Thinking Machines Lab—the AI startup founded by former OpenAI CTO Mira Murati, closing a $2 billion funding to how Reelo is flipping the script on restaurant marketing, YourStory brings you today’s headlines with key developments across startups.Featured storiesReelo helps restaurants to stop relying on aggregators, build a loyal customer baseThe math is brutal for Indian restaurants. Pay 20-30% commission to aggregators, compete on discounts that slash margins further, and still have no direct relationship with customers. After years of this cycle, many restaurant owners are asking: Is there a better way? Parin Sanghvi thinks so. His Ahmedabad-based startup Reelo…