wayr today India

Category: Startup

  • Rapido’s Ownly App Aims to Offer Affordable Food Delivery in Bengaluru

    This article was generated by AI and cites original sources.

    Rapido, known for its ride-hailing services, has officially launched Ownly, a standalone food delivery app, to address the affordability gap in the Bengaluru food delivery market. The platform aims to provide ‘honest pricing’ and eliminate commission-driven markups that have led to higher meal prices on major delivery apps.

    This move comes as competitors like Swiggy and Zomato face stagnant growth and escalating fees. Ownly is strategically targeting the 70,000 Bengaluru restaurants not featured on major delivery platforms, focusing on offering low-cost, everyday meals to consumers.

    Rapido CEO Aravind Sanka explained that the platform is inspired by the company’s success in digitizing auto rickshaws without charging commissions. Sanka sees an untapped opportunity in the vast number of restaurants not yet accessible online. By catering to these establishments, Ownly aims to capture a market segment where traditional dining costs significantly less than ordering through existing platforms.

    With the average Indian dining-out expenditure at around ₹100 compared to the ₹400 average order value on established delivery services, Ownly’s approach seeks to make food delivery more accessible to a wider audience.

    Source: Inc42 Media

  • Legal AI Startup Harvey Secures $200 Million to Enhance Artificial Intelligence Tools

    This article was generated by AI and cites original sources.

    Harvey, a legal software company, has successfully raised $200 million in funding, achieving a valuation of $11 billion. This investment will support the further development and expansion of its artificial intelligence technology. Specializing in creating AI solutions for law firms and corporate legal departments, Harvey’s tools focus on automating complex legal tasks efficiently.

    The company’s CEO emphasized the growing importance of AI in the legal industry, highlighting how their tools are streamlining processes and enhancing productivity. With this substantial financial backing, Harvey is poised to continue its mission of leveraging cutting-edge technology to revolutionize legal practices.

    Source: Tech-Economic Times

  • Granola’s AI Notetaking App Secures $125 Million Funding, Reaches $1.5 Billion Valuation

    This article was generated by AI and cites original sources.

    Granola, an AI-powered notetaking startup, has successfully raised $125 million in funding, propelling its valuation to $1.5 billion. This investment round was led by Index Ventures, with additional contributions from Kleiner Perkins, Lightspeed Venture Partners, and Spark Capital. Alongside the financial boost, Granola is unveiling enhanced features for its application, including seamless integrations with AI coding tools like Anthropic PBC’s Claude Code. Furthermore, the platform now offers team workspaces, enabling employees to collaborate and share their notes.

    Source: Tech-Economic Times

  • Zivy Pivots to Fintech Compliance Amid Evolving AI Landscape

    This article was generated by AI and cites original sources.

    Blume Ventures-backed startup Zivy has made a strategic shift to focus on fintech compliance, rebranding as Zoven. The company has developed an AI tool tailored for fraud detection, catering to fintech firms required to adhere to stringent background risk detection protocols during user and merchant onboarding.

    Zivy, initially known for its messaging and notification filtering AI platform, faced challenges in user acquisition amid the increasing popularity of new AI solutions like Anthropic’s Claude. This shift in focus was underscored by the founders’ decision to discontinue Zivy, as confirmed in a recent communication to its users.

    Founded in 2023, Zivy had secured $1.2 million in pre-seed funding, with Blume Ventures leading the investment round alongside contributions from various angel investors and institutional backers. The decision to transition towards fintech compliance SaaS reflects Zivy’s adaptation to the competitive AI landscape and the demand dynamics within the industry.

    This strategic move highlights the necessity for tech startups to align their offerings with market trends and demands, showcasing the agility and responsiveness essential for sustained relevance and growth in the tech sector.

    Source: Inc42 Media

  • Zerodha Increases Intraday F&O Charges to ₹40 per Order

    This article was generated by AI and cites original sources.

    Zerodha, a prominent stock broking platform, has recently decided to raise the brokerage fees for intraday F&O trades to ₹40 per order for certain accounts that do not meet the 50% cash margin requirement. This adjustment, set to take effect from April 1, represents a doubling of the current fee of ₹20.

    The decision follows Zerodha’s co-founder Nithin Kamath’s acknowledgment of the potential end to the platform’s zero-brokerage model due to regulatory pressures related to F&O trading. The move aligns with SEBI regulations, which stipulate that 50% of the margin for F&O trades must be in cash or cash-equivalent assets, with the remainder in non-cash collateral.

    Kamath explained the rationale behind the fee increase, emphasizing the financial strain placed on the platform when covering cash shortages for users who fail to maintain the required margin. He highlighted the significance of charging fees to mitigate losses incurred when providing funds for margin trading activities.

    This adjustment underscores the evolving landscape of brokerage fees and regulatory compliance in the stock trading industry, signaling a strategic response to ensure financial sustainability amid changing market dynamics.

    Source: Inc42 Media

  • EU Boosts Funding for European Defence Start-ups and Drone Makers

    This article was generated by AI and cites original sources.

    The European Commission has announced plans to provide 115 million euros in funding to small and medium-sized European defence companies through a new initiative called ‘Agile’. This funding boost aims to support defence start-ups in Europe, addressing their struggles in securing investments despite increased military spending due to concerns over a hostile Russia and uncertain US security commitments.

    By offering ‘rapid’ funding to drone makers and defence start-ups, the EU seeks to bolster innovation and technological advancement in the defence sector. The move comes at a crucial time when emerging technologies like drones are reshaping modern warfare strategies and capabilities.

    With the Agile funding tool, the European Commission aims to streamline the funding process for defence innovators, enabling them to accelerate research, development, and deployment of cutting-edge technologies. This initiative highlights the EU’s commitment to fostering a competitive and secure defence industry ecosystem within Europe.

    Source: Tech-Economic Times

  • HDFC Mutual Fund Increases Stake in Wakefit Through Open Market Transactions

    This article was generated by AI and cites original sources.

    HDFC Mutual Fund has increased its investment in Wakefit by acquiring 30 lakh shares through open market transactions, as reported by Inc42 Media. The mutual fund, which includes schemes such as HDFC Children’s Fund, HDFC Consumption Fund, and HDFC Small Cap Fund, made the purchase on Monday, raising its stake in Wakefit from 4.52% to 5.43%.

    With Wakefit’s closing price on March 23 at ₹155, HDFC Mutual Fund invested ₹46.5 crore to increase its shareholding. The acquisition signifies HDFC Mutual Fund’s continued interest in Wakefit, a company that made its stock market debut in December 2025.

    HDFC Mutual Fund had already demonstrated its confidence in Wakefit by being a significant anchor investor during its IPO, subscribing to shares worth ₹62 crore. This further underlines the market’s confidence in Wakefit’s business model.

    Source: Inc42 Media

  • Emerging Tech Trends Shaping the Startup Ecosystem: March 25, 2026

    This article was generated by AI and cites original sources.

    The startup world has seen significant technological advancements on March 25, 2026, with innovations shaping the Indian startup ecosystem and beyond. While the specifics of these innovations were not detailed, it’s clear that tech advancements continue to drive the entrepreneurial landscape forward. Startups are leveraging cutting-edge technologies, such as AI-driven solutions and blockchain applications, to disrupt traditional industries, streamline processes, and enhance user experiences.

    The dynamism of the startup scene underscores the pivotal role technology plays in reshaping business models and creating new opportunities for growth and innovation. As the tech landscape evolves rapidly, staying informed about these developments is crucial for tech enthusiasts and industry observers. Each new advancement has the potential to inspire future innovations and redefine the startup ecosystem’s trajectory.

    Source: YourStory RSS Feed

  • 91trucks Expands Digital Commercial Vehicle Ecosystem with Motorfloor and Trucksfloor Acquisition

    This article was generated by AI and cites original sources.

    Commercial vehicle platform 91trucks has acquired Motorfloor and Trucksfloor, two mobility-focused platforms operated by Bhubaneswar-based Indiyanet. This acquisition aims to strengthen the digital commercial vehicles ecosystem.

    Subrat Kar, the founder of Indiyanet, expressed enthusiasm about the partnership, stating, “With this next phase, we are excited to partner with 91trucks to scale our vision further. Trucksfloor and Motorfloor are now part of 91trucks.” This collaboration is expected to enhance the overall experience for both buyers and sellers of commercial vehicles, as it allows the companies to leverage their strengths, expand their reach, and create a more robust platform for India’s commercial vehicle ecosystem.

    Founded in 2022, Gurugram-based 91trucks provides comprehensive information, reviews, and listings for trucks, buses, and three-wheelers. Additionally, the company offers dealer connections and financing support, aiming to build a full-stack platform covering various services from discovery to ownership for commercial vehicles.

    In a Series A funding round in May 2025, 91trucks secured around $5 million, with leading investments from Arkam Ventures, Titan Capital, Sparrow Capital, and Atrium Angels, valuing the company at approximately $33 million.

    Indiyanet, founded in 2024 by Subrat Kar, operates Motorfloor and Trucksfloor, platforms that assist users in exploring and evaluating commercial vehicles based on specifications, features, images, and on-road prices. The company claims a strong market presence, ranking among the top three platforms in India by traffic and volume within its category.

    Prior to Indiyanet, Subrat Kar’s entrepreneurial journey included founding Vidooly, a video analytics startup acquired by Good Glamm Group in 2022. Vidooly had previously received funding from notable investors such as Alibaba, Times Internet, Bessemer Venture Partners, and Gujarat Venture Finance.

    Source: Entrackr : Latest Posts

  • Kiwi Appoints Seasoned Payments Veteran Sumeet Basrani as Chief Business Officer to Expand Credit Access on UPI

    This article was generated by AI and cites original sources.

    Fintech startup Kiwi has strategically appointed Sumeet Basrani as Chief Business Officer to bolster its leadership team. This move signifies Kiwi’s focus on broadening the distribution of credit on UPI through strategic bank and ecosystem collaborations.

    Sumeet Basrani brings over 15 years of experience in the cards and payments sector, having previously held key roles at organizations like CRED, OneCard, ICICI Bank, and Visa. His contributions at CRED involved spearheading partnerships in credit cards, payments, and lending with various financial institutions.

    Kiwi’s upcoming phase is dedicated to facilitating credit access on UPI for a vast number of Indian users. The company’s strategic roadmap focuses on scaling up market presence while adapting to evolving consumer preferences.

    Sumeet Basrani emphasized the current momentum in early adoption of credit on UPI and the potential of seamlessly integrating credit into daily transactions to enhance accessibility.

    Founded in 2022 by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, Kiwi offers users the convenience of accessing RuPay credit cards on UPI, blending credit flexibility with UPI’s extensive merchant network.

    In a notable development, Kiwi secured $24 million in its Series B funding round from Vertex Ventures last year, reaching a valuation exceeding $100 million.

    Source: Entrackr : Latest Posts