This follows the parent company of beauty and personal care brand Mamaearths’ attempt to strengthen its R&D and product development capabilities to stem negative consumer feedback for its product quality. Earlier this month, Honasa’s chief product and technology officer Jayant Chauhan resigned from his position.
Honasa Consumer appoints Kaustav Guha as vice president, R&D
Passion over profit drives Zepto's $5-billion success: founder Aadit Palicha
Speaking at the NDTV World Summit, the 22-year-old entrepreneur said that despite working 80-100 hours a week, the Zepto team is fuelled by excitement about the platform they are building, not financial gain.
PhonePe FY24 operating revenue up 73% to Rs 5,064 crore, loss down 28%
Sharing the details in its annual report for FY24, the Walmart-backed company said it reported a profit of Rs 197 crore in the last financial year, excluding employee stock ownership costs, which shows that its core operational business has started to show profits.
Humanising AI could lead us to dehumanise ourselves
For most of our history, we believed empathy was a uniquely human trait – a special ability that set us apart from machines and other animals. But this belief is now being challenged. As AI becomes a bigger part of our lives, entering even our most intimate spheres, we’re faced with a philosophical conundrum: could attributing human qualities to AI diminish our own human essence?
From AI beds to remote ICUs, startups are plugging India’s health gaps
From private equity giants like TPG Capital to the investment arms of big pharmaceutical firms like Novo Nordisk A/S, investors have bet a combined $3.7 billion on Indian health-related startups since 2022, according to data aggregator Tracxn Technologies Ltd. This is half of the $7.4 billion that health tech-focused firms have raised across the Asia Pacific region, according to Tracxn.
IBM releases new AI models for businesses as genAI competition heats up
“Granite 3.0” models will be made open-source, similar to other versions in IBM’s Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that helps run models inside data centers after they have been customised.
Space startup GalaxEye to launch 'Drishti satellite' through Elon Musk's SpaceX
“This will be a 150-kg high-resolution indigenously-developed satellite, and we plan to launch a constellation of five satellites, with Drishiti being the first. By this time next year, we will already be in space. We aim to position ourselves as a key provider of data across various altitudes,” Pranit Mehta, cofounder of the company said, adding that the ready-to-launch satellite will be transported to the US.
Perplexity AI in funding talks to more than double valuation to $8 billion: report
Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar with the matter. In October the startup said it had received a “cease and desist” notice from the New York Times demanding it to stop using the newspaper’s content for generative AI purposes.
LTIMindtree won its largest deal in history due to AI approach: COO
In the second quarter ending September of the ongoing fiscal year 2025, LTIMindtree closed several multi-year projects including a $200 million-plus deal from a US-based manufacturer. The total order intake for the three-month period was flat year-on-year at $1.3 billion, down 7% from previous quarter.
Dairy tech firm Stellapps raises $26 million in a mix of equity and debt
Stellapps, a dairy technology solutions startup, will use the funds for expanding Stellapps’ mooMark business, which focuses on contract manufacturing and private-label dairy operations. Founded in 2011, the Bengaluru-based firm is a farm-to-consumer dairy digitisation service provider.