Author: Arabian Media staff

AI-powered business automation firm EvoluteIQ has received $53 million in a funding round led by global private investment company Baird Capital. The company plans to use the funds for global expansion, R&D innovation, and acquisitions.Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath and Naveen Prabhu, EvoluteIQ develops the EIQ platform, which automates complex business processes using its proprietary Agentic Mesh Architecture and AI Workbench. The platform can be applied to end-to-end business workflows in banking and financial services, insurance, healthcare, telecommunications and manufacturing.“This (funding) shows that if you have a good technology product that customers like…

AI is advancing at breakneck speed — yet most enterprises are stuck in first gear. A recent MIT study, The GenAI Divide: State of AI in Business 2025, revealed that 95% of generative AI pilots fail to deliver measurable financial impact. Enterprises have oceans of data, but their AI agents stumble because the data lacks context, connectivity, and speed.This is the paradox of modern enterprise AI: cutting-edge models running on outdated data foundations.Intugle believes this must change. That’s why it is building what it calls the world’s smartest and fastest data platform for AI and analytics workloads — a platform…

Hello,It’s raining funding, hallelujah!From Nothing’s blockbuster fundraise to Indkal Technologies raising $20 million to support the growth of its brand, Wobble Displays, the startup ecosystem has seen a deluge of fresh capital in recent days.At the forefront of this wave is Peak XV Partners, which has led fundraises in two Y Combinator-backed startups—MarqVision, which uses AI to fight counterfeits and digital piracy; and Hyperbound, which builds AI tools and AI sales roleplays. MarqVision saw Peak XV leading a $48 million Series B round, with participation from Salesforce Ventures, Coral Capital, HSG, and Y Combinator partner emeritus Michael Seibel. Meanwhile, Hyperbound raised…

Lucira Jewelry has raised $5.5 million in seed funding, which the company said is the largest seed round to date for a jewelry startup in India. The round was led by Blume Ventures and Spring Marketing Capital, with participation from SiriusOne Capital Fund and several individual investors, including the founders of Dot & Key, Livspace, Snitch, and Bewakoof.Founded by Rupesh and Vandana Jain, Lucira focuses on design-led fine jewelry made with lab-grown diamonds and recycled gold. Rupesh Jain previously founded Candere, an online jewelry platform acquired by Kalyan Jewellers in 2017.Lucira said it plans to use the funding to open…

Zero-commission brokerage Groww posted a softer first quarter as new market rules and defensive spending lowered trading activity. But as traders backed away, profit still rose as the Bengaluru-based fintech slashed bonuses, salaries, and marketing costs.The IPO-bound the startup saw revenue from operations fall 9.6% year-on-year to Rs 904.39 crore in Q1, driven by a 17.5% decline in fees and commissions.The drop reflects the immediate impact of sweeping regulatory changes from the Securities and Exchange Board of India (SEBI), including higher equity index derivatives lot sizes, reduced weekly expiries, and the implementation of “True-to-Label” pricing that caps pass-through fees which…

Let’s face it, passwords are annoying. We’ve all had that moment of staring blankly at a login screen, wondering if it’s “P@ssw0rd123” or “Password123!” and that’s assuming you didn’t just give up and hit “forgot password” for the third time this week. It’s 2025, cyberattacks are getting craftier by the minute, and more people are jumping ship to something we call passwordless authentication. But does ditching passwords actually make us safer, or are we just swapping one mess for another?What is passwordless authentication?In simple words, passwordless authentication is logging in without typing a password. No more wrestling with a random…

For most Indians looking for healthy snacks, the choice is frustratingly limited: either tasty treats loaded with empty calories or “guilt-free” options so bland they’re abandoned within a week. As a triathlete and fitness enthusiast, Siddarth CS experienced this firsthand. “The diets recommended to athletes were boring and functional.”The problem is only magnified by the sheer scale of India’s snack obsession. According to IMARC Group, the domestic snack market—worth Rs 46,571 crore in 2024—is expected to nearly double to Rs 1,01,811 crore by 2033, growing at an 8.63% CAGR. It’s dominated by snacks that are tasty but low in nutrition,…

Peak XV Partners has led a $48 million Series B round in MarqVision, a Y Combinator-backed startup that uses AI to fight counterfeits and digital piracy. The deal is among the firm’s biggest bets in the US as it steps up investments beyond India.The round also saw participation from Salesforce Ventures, Coral Capital, HSG (formerly Sequoia China), and Y Combinator partner emeritus Michael Seibel. Peak XV’s managing director Shailendra J Singh will join MarqVision’s board.MarqVision provides an AI-powered brand protection platform that helps companies detect, monitor, and remove counterfeits, impersonations, unauthorised sales, and digital piracy across ecommerce marketplaces, social media,…

This Side Hustle Spotlight Q&A features New York City-based entrepreneur Seth Goldstein, 29. Goldstein is co-founder with Steven Rofrano of Ancient Crunch, a company behind the chip brands MASA and Vandy, which launched in 2022. Responses have been edited for length and clarity. Image Credit: Courtesy of Ancient Crunch Want to read more stories like this? Subscribe to Money Makers, our free newsletter packed with creative side hustle ideas and successful strategies. Sign up here.What was your day job or primary occupation when you started your side hustle?I was a vice president at a private equity fund focused on fast-growing…

The Hindu calendar is filled with numerous festivals and fasts throughout the year, among which Pitri Paksha holds special significance. Pitri Paksha, also known as Shraddha Paksha or Mahalaya Paksha, begins on the day after the full moon of the Bhadrapada month and continues until the Amavasya (new moon) of the Ashwin month. Lasting for about sixteen days, this sacred period is dedicated to honoring ancestors through rituals performed by Hindu families for the peace of departed souls.According to the Hindu almanac (Panchang), this period falls in the Krishna Paksha (waning phase of the moon) and is considered the most…