Summary of the Article
- boAt & Antara Senior Care Partnership: boAt has partnered with Antara Senior Care to enhance senior well-being using advanced wearable and audio technology.
- MobiKwik Financial Report (Q3 FY25): MobiKwik reported Rs 269 crore in revenue but faced a net loss of Rs 55 crore, a contrast from its Rs 5 crore profit in the same period last year.
- Shadowfax Strengthens Governance: Bengaluru-based logistics provider Shadowfax appointed three independent directors—Bijou Kurien, Ruchira Shukla, and Pirojshaw “Phil” Sarkari—to improve its governance and operational excellence.
- HDFC Bank’s Parivartan Start-Up Grants: HDFC Bank launched the eighth edition of its Parivartan Start-Up Grants, committing Rs 20 crore to support 50-60 social ventures, offering grants up to Rs 50 lakh per startup.
- Shadowfax Secures Funding: Shadowfax raised Rs 34.24 crore in a Series F funding round as part of a larger plan to secure $50 million, following a $100 million round completed 11 months earlier.
boAt Partners with Antara Senior Care to Revolutionize Senior Well-Being
boAt, a leading homegrown brand in audio and wearable technology, has announced a strategic partnership with Antara Senior Care, a holistic senior care ecosystem and part of the $5 billion Max Group. The collaboration aims to redefine senior care by integrating boAt’s cutting-edge wearable and audio technology with Antara’s deep expertise in catering to senior citizens’ needs. By leveraging customized tech solutions, the two companies seek to enhance the overall well-being and quality of life of the elderly population in India.
MobiKwik Reports Rs 269 Crore Revenue, Posts Net Loss in Q3 FY25
Gurugram-based fintech company MobiKwik, listed on both the NSE and BSE, has released its financial results for the quarter ending December 31, 2024 (Q3 FY25). The firm reported a revenue of Rs 269 crore but posted a net loss of Rs 55 crore. This marks a significant shift from the same period in the previous year, when MobiKwik had recorded a net profit of Rs 5 crore. The latest results highlight the evolving financial landscape of the company as it navigates the competitive fintech sector.
Shadowfax Strengthens Board with Three New Independent Directors
Bengaluru-based e-commerce express parcel and value-added solutions provider, Shadowfax, has announced the appointment of three experienced professionals to its board as independent directors. The new board members include industry veterans Bijou Kurien, Ruchira Shukla, and Pirojshaw “Phil” Sarkari. Shadowfax stated that this strategic decision aims to enhance its governance framework and drive operational excellence in India’s rapidly expanding digital commerce sector. The company believes that these additions will play a crucial role in shaping its future growth and leadership in the market.
HDFC Bank Launches Eighth Edition of Parivartan Start-Up Grants Initiative
HDFC Bank has launched the eighth edition of its Parivartan Start-Up Grants initiative, committing up to Rs 20 crore in total grants for 50-60 social ventures in the current fiscal year. The bank has already partnered with 15 incubators and accelerators, including prestigious institutions such as IIT Madras, IIM Ahmedabad Ventures, Villgro, and ICAR Pusa Krishi. These incubators will invite applications from social entrepreneurs across the country. Selected startups will be eligible for grants of up to Rs 50 lakh, furthering the bank’s mission to support impactful social enterprises.
Shadowfax Secures Rs 34.24 Crore in Series F Funding
Shadowfax has raised Rs 34.24 crore in its latest Series F funding round, according to media reports. The new investment forms part of a larger plan to raise up to $50 million, following a $100 million funding round concluded 11 months earlier. The fresh capital infusion is expected to bolster Shadowfax’s growth strategy and expansion efforts in India’s logistics and e-commerce sectors.
Check out more on Startup News and Startup Funding News. Stay connected with us across all our social media platforms: Facebook, Instagram, LinkedIn, X (formerly Twitter), Google news and Join Our Community.
