From Snabbit raising funds to Imarticus Learning acquiring MyCaptain, YourStory brings today’s headlines that highlight significant developments across industries.
Featured stories
How Retrod is empowering small hotels across India
When the world came to a standstill during the pandemic, Pravat Panda’s life took a dramatic turn for the worse. The pandemic brought widespread layoffs in its wake, and Panda, who worked as head of sales in a traveltech company, was among those affected.
To make ends meet, he started Pandamart, an aggregator in the food supply industry. But navigating the uncertainties of a newly-founded company during a global economic crisis proved anything but easy. Read more.
Latest news
Upskilling firm Imarticus Learning acquires learning platform MyCaptain for Rs 50 Cr
Mumbai-based upskilling firm Imarticus Learning acquired Bengaluru-based learning platform MyCaptain in a Rs 50-crore cash-and-stock transaction.
MyCaptain helps college students, recent graduates, and early-career professionals build skills and explore opportunities in emerging, non-technical fields. It has built a presence across 1,500+ campuses, with 60% of its users coming from Tier II and III cities and 80% pursuing creative or entrepreneurial paths. Read more.
Quick commerce drives 20% of ecommerce business in India: Walmart International CEO
US-listed retail giant Walmart revealed that quick commerce is about 20% of its ecommerce business in India, and it is currently on a 50% growth trajectory, said Kath McLay, EVP, President and CEO of Walmart International.
“As we’ve been on our path to profitability with what I would call the core business, we’ve now started investing in emerging areas. We have 250 fulfilment centres that are Minutes fulfilment centres that deliver within minutes,” said McLay in a fireside chat at the 41st Bernstein Annual Strategic Decisions Conference.
In a recent interview with YourStory, Kabeer Biswas, Vice-President of Flipkart Minutes, shared that the quick commerce initiative is halfway towards achieving its target of launching 800 stores by the end of the year. Read more.
Funding news
Snabbit raises $19M from Lightspeed, existing investors
Quick service provider Snabbit has picked up another funding haul, less than six months after its last, to support expansion dreams as investor interest and competition in the sector shoot up.
The company has secured $19 million in its Series B round led by Lightspeed, along with participation from Elevation Capital and Nexus Venture Partners. Read more.
Cleevo raises $1M in funding led by Eternal Capital
Cleevo, a home hygiene brand, raised $1 million in a seed funding round led by Eternal Capital, with participation from Zeca Capital, as well as marquee angels investors, including DeVC, Utsav Somani (iSeed), Suhail Sameer (OTP Ventures), Sumit Jalan, Ajay Kumar (Action Tesa Group), and Alok Mittal (Indifi), along with key members of the Venture Garage Network.
According to Cleevo Founder and CEO Mayank Jain, the startup will use the funding to scale its R&D, expand manufacturing.
Other news
Supertails launches ‘Feed a Streetie’ campaign
Petcare startup Supertails has launched Feed a Streetie, a campaign to feed the street dog population, where it will distribute 1,000 kgs of nutritious food to street dogs across three Indian cities through trusted feeders.
According to the Federation of Indian Animal Protection Organisations (FIAPO), India is home to over 62 million stray dogs, and most of them rely on community feeding for survival.
Supertails has collaborated with three well-known community feeders—Modern Mowgli, Rescue by Garima, and Manjari from South Bengaluru Cares—for the initiative.
Rapido to provide basic life support training to over 1,000 drivers
Ride-sharing platform Rapido has partnered with the Society for Advanced Clinical and Therapeutic Emergency Medicine (SACTEM) to provide basic life support training to over 1,000 bike, auto, and cab captains across 16 cities in the country.
Captains will be trained in Cardiopulmonary Resuscitation (CPR) and First Aid, equipping them to respond effectively to medical emergencies until professional help arrives.
The training will be rolled out in a phased manner, with the first phase covering captains across Bengaluru, Delhi, Chennai, Kolkata, Hyderabad, Jaipur, Lucknow, Ahmedabad, Bhubaneswar, Vijayawada, Dehradun, Mysore, Surat, Vadodara, Bhopal, and Vizag.
(This article will be updated with the latest news throughout the day.)
Edited by Suman Singh
