Insights

MeitY’s LEAP AHEAD Initiative To Boost Tech Startups In India

Opportunity India Desk Nov 08, 2023 - 3 min read

The Ministry of Electronics & Information Technology (MeitY), in collaboration with Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR, launched the LEAP AHEAD initiative in order to support and accelerate the growth of tech startups across the country. Under the initiative, participating startups will have the opportunity to access funding ...

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MSME: Udyam Portal Surpasses 15 Crore Jobs Milestone

Opportunity India Desk Nov 08, 2023 - 3 min read

The Udyam portal has recently reached a milestone with over 15 crore jobs reported by micro, small, and medium enterprises (MSMEs) registered on the platform. Out of this total, 3.06 crore registrations came directly through the portal, contributing 13.86 crore jobs, including 3.41 crore women employees. Additionally, 1.17 crore jobs were reported by ...

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IOC And Okaya To Install 2,550 EV Chargers With INR 125 Cr Investment

Opportunity India Desk Nov 08, 2023 - 2 min read

Okaya EV Chargers has joined hands with Indian Oil Corporation (IOC) for setting up 2,550 electric vehicle (EV) chargers across India with an investment of INR 125 crore. However, as many as 362 such chargers have already been installed in over 20 states in a step towards bolstering the electric vehicle infrastructure in ...

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Udaan Plans To Expand Its Product Portfolio With 4-Wheeler Mini Trucks

Opportunity India Desk Nov 08, 2023 - 8 min read

With an aim to offer sustainable medium for urban mobility in India while considering environmental aspects, affordability, and last-mile connectivity, Mitull Batraa started Udaan –e-rickshaw and, and e-cargos manufacturer in 2015 is now planning to expand its product portfolio with four-wheeler mini trucks, E-Rickshaws, and E-Cargos among others. Speaking to Opportunity ...

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Rilox EV Gains Momentum In Two-Wheeler E-Cargo, E-Scooter Segments

Opportunity India Desk Nov 07, 2023 - 2 min read

Rilox EV, a prominent player in the two-wheeler electric vehicle (EV) industry, is excited to announce its remarkable progress in the two-wheeler e-cargo and e-scooter segment as it unveils a new line of ‘Made in India’ EVs by 2024. As a subsidiary of the renowned Rilox India (welding company), the brand has entered ...

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Regency Health Secures INR 450 Crore Investment From Norwest Venture Partners

Opportunity India Desk Nov 07, 2023 - 3 min read

Regency Health, a hospital chain, announced on Tuesday that it has secured an investment of INR 450 crore from Norwest Venture Partners. In light of this fresh infusion of funds, the company has outlined ambitious plans to expand its bed capacity to 2,300 by 2027, particularly strengthening its presence in Uttar Pradesh.

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Navigating The Currents Of Battery Quality In The Indian EV Industry

Opportunity India Desk Nov 07, 2023 - 4 min read

In the not-so-distant past, the idea of electric vehicles (EVs) taking over the roads of India seemed like a far-fetched dream. But today, as the world grapples with climate change and environmental degradation, the Indian EV industry is at a pivotal juncture. The technology behind EVs has evolved rapidly, and these vehicles have ...

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G20 Presidency’s Focus On Integrating MSMEs Into Global Trade: Sitharaman

Opportunity India Desk Nov 07, 2023 - 3 min read

Finance Minister Nirmala Sitharaman has expressed the need for India to incorporate the results of its G20 presidency into its domestic policy formulation and set a leading example. She also stated that India has the potential to lead in the advancement of the "Jaipur Call for Action" during the upcoming virtual G20 Leaders’ ...

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Standard Chartered Bank Drives In Financing Access For Tata Motors’ EV Dealers

Opportunity India Desk Nov 07, 2023 - 2 min read

Standard Chartered Bank, India has partnered with Tata Motors for offering Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. Currently Standard Chartered Bank offers inventory funding limits to the ICE dealerships of Tata Motors, across its Passenger and Commercial Vehicle businesses. The Memorandum of Understanding (MoU) will enable ...

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Euler Motors Raises INR 120 Crore In Series-C Extension Round

Opportunity India Desk Nov 07, 2023 - 4 min read

Euler Motors, an electric vehicle company has successfully raised INR 120 crore in the ongoing round from bunch of companies. The series-C extension round saw a commitment from British International Investment (BII), the UK Government’s development finance institution and impact investor. BII is co-investing with Blume Ventures, in support of electric mobility and ...

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