Blog - NewNerve

Pocket FM Secures $103 Million in Series D Funding Round: Expanding Globally

22Mar

By AnkitNo Comments

Technology, Startups

Pocket FM Secures $103 Million in Series D Funding Round: Expanding Globally

In a significant funding development, audio platform Pocket FM has successfully raised $103 million in a Series D funding round. Led by prominent venture capital firm Lightspeed, with participation from private markets investment firm Stepstone Group, this funding round marks a significant milestone for Pocket FM's growth and expansion plans. Expanding Presence of Pocket FM in Global Markets With the newly secured funds, Pocket FM aims to amplify its presence in key markets such as Europe, Latin America, and the United States. The company recognizes the immense potential and demand for its audio content platform in these regions, and the funding will enable them to strengthen their foothold and cater to a wider audience. Boosting Generative AI and Content Library Pocket FM has also out...

7 Startups, 1 Goal: Gruhas Gusto’s Accelerator Program Takes Off

22Mar

By Ankit3 Comments

Startups

7 Startups, 1 Goal: Gruhas Gusto’s Accelerator Program Takes Off

Gruhas Gusto, an innovative food innovation accelerator, has recently launched its maiden cohort program, marking a significant step forward in nurturing the growth of startups in the food and food tech industry. This initiative is a collaborative effort powered by Gruhas, Jubilant Bhartia Family Office, DLF Family Office, and Anthill Ventures, aiming to foster innovation and sustainability within the sector. A Diverse Selection of Startups The program has selected seven promising startups from a rigorous screening process, which saw over 200 applicants. These startups are set to embark on a six-month journey of growth, innovation, and strategic development, backed by the expertise and resources provided by the program’s partners. The Kickoff Event: Gruhas Gusto ...

Perfios and NPCI Collaborate to Revolutionize RuPay Credit Card Onboarding Process, 2024

22Mar

By Ankit1 Comment

Digital Lending, Fintech, Lending

Perfios and NPCI Collaborate to Revolutionize RuPay Credit Card Onboarding Process, 2024

Perfios and NPCI collaboration: In a significant development for the Indian financial industry, Perfios, a leading fintech company, has joined forces with the National Payments Corporation of India (NPCI) to introduce a unified onboarding framework for RuPay credit cards. This collaboration is part of NPCI's co-creation initiative and aims to streamline and optimize the onboarding process, enabling customers to obtain their RuPay credit cards in less than two minutes. This exciting partnership holds the potential to revolutionize the way individuals access and utilize credit in the country. Enhancing Onboarding Efficiency: The traditional process of applying for a credit card in India has often been associated with lengthy paperwork, complex verification procedures, and time-consuming a...

Surge in Export Credit: Indian Banks Reach a 12-Month High Amidst International Demand

22Mar

By AnkitNo Comments

BFSI

Surge in Export Credit: Indian Banks Reach a 12-Month High Amidst International Demand

Introduction to the Export Credit Surge In an economic landscape marked by global uncertainties, Indian banks have emerged as pillars of stability and growth with a surge in export credit. The latest data reveals a remarkable surge in export credit, which has soared to a 12-month high of Rs 20,489 crore, showcasing the resilience and potential of the Indian export sector amid rising global demand. The Current Economic Scenario The Economic Times reports that this surge is not just a fleeting spike but a sustained upward trajectory, with a 5% increase this financial year, marking the highest point since February of the previous year. This growth comes despite the ongoing Red Sea crisis, which has posed significant challenges to international trade due to piracy raids ...

The Game Changer in Modern Warfare: Understanding MIRV Technology

21Mar

By AnkitNo Comments

Space, Technology

The Game Changer in Modern Warfare: Understanding MIRV Technology

In the high-stakes arena of international defense, a game-changing technology known as Multiple Independently Targetable Reentry Vehicles, or MIRV, has revolutionized strategic military capabilities. MIRV refers to a type of missile payload that can house several nuclear warheads, each capable of striking different targets independently. This formidable technology is primarily associated with intercontinental ballistic missiles (ICBMs) carrying thermonuclear warheads1. The Genesis of MIRV The inception of MIRV technology dates back to the Cold War era, marking a significant evolution in ballistic missile design. The United States pioneered this technology, with the Minuteman III ICBM being the first to be equipped with MIRV in 1970. This missile could carry multiple warheads, each with...

A Leap Deferred: Agnikul Cosmos’ Launch Postponement, March 2024

21Mar

By Ankit2 Comments

Technology, Space, Startups

A Leap Deferred: Agnikul Cosmos’ Launch Postponement, March 2024

In a world where the stars seem just within reach, the ambitious journey of Agnikul Cosmos has faced a momentary pause. The Chennai-based startup, incubated at IIT Madras, has announced the postponement of its maiden rocket launch, originally scheduled for March 22, 2024. The mission, named ‘Agnibaan SOrTeD’ (Sub Orbital Technology Demonstrator), was set to lift off from its private launch pad within the ISRO campus at Sriharikota. The postponement comes as a result of a ‘technical issue’ identified during the full countdown rehearsals. In a statement released on social media, the company expressed that the decision was made out of an abundance of caution, prioritizing safety over haste. The new launch date is yet to be announced, but the anticipation remains high. Agnibaan SOrTeD re...

Startup Mahakumbh 2024: PM Modi’s Address at Bharat Mandapam

21Mar

By Ankit2 Comments

Fintech

Startup Mahakumbh 2024: PM Modi’s Address at Bharat Mandapam

The Startup Mahakumbh event, held from March 18-20 at Bharat Mandapam in New Delhi, was a significant occasion for India’s burgeoning startup ecosystem. Prime Minister Narendra Modi addressed the gathering, emphasizing the government’s support for emerging sectors such as deeptech, agritech, biotech, medtech, and AI. The event, organized by apex industry associations and supported by the DPIIT, showcased over 1306 startups across 10 sectors, featuring 392 speakers and 165 sessions. Highlights from Startup Mahakumbh Event PM Modi highlighted the transformative potential of startups, noting their role in revolutionizing industries and contributing to economic growth. He pointed out that startups are not just confined to metro cities but have become a social culture, spreading to smal...

Paytm Fastag: Tips for Toll Payments Beyond the March 15 Deadline

21Mar

By Ankit1 Comment

Fintech

Paytm Fastag: Tips for Toll Payments Beyond the March 15 Deadline

Paytm Fastag users can still pay at toll plazas even after the March 15 deadline. Paytm Payments Bank has been transitioning its users to other banks as per RBI guidelines. Although Paytm has been removed from the list of Fastag issuers by NHAI, users can still use their Paytm Fastag to make payments at toll plazas if they have a sufficient balance in their Fastag wallet. However, since RBI has banned Paytm Payments Bank from accepting deposits, users cannot top up their Paytm-issued Fastags. It is advised for users to seek a refund and discontinue using the Paytm Fastag to avoid any inconvenience. The article provides instructions on how to request a refund through the Paytm app. Paytm Fastag: In recent times, there has been confusion among Paytm Fastag users regarding their ability to ...

How to Participate in Startup Mahakumbh, 2024

21Mar

By AnkitNo Comments

Fintech, Startups

How to Participate in Startup Mahakumbh, 2024

Startup Mahakumbh will be a first-of-its-kind event in terms of vision and magnitude, scheduled from March 18-20, 2024, at the iconic Bharat Mandapam in New Delhi. The event is expected to have participation from more than 1000 high-potential startups from India and the globe, with key global and Indian stakeholders such as unicorn startups, global and domestic venture capitalists, corporates, and industry leaders also participating. Join the Startup Mahakumbh Revolution! Participating in the Startup Mahakumbh event is a great way to engage with India’s vibrant startup ecosystem. To participate, you can register as a delegate, exhibitor, visitor, or student. Here’s how you can apply: Visit the official Startup Mahakumbh registration page1. Choose the category that applie...

India’s Health Insurance Sector: Poised to Break the Rs 1 Lakh Crore Barrier

20Mar

By AnkitNo Comments

Fintech, Insurtech

India’s Health Insurance Sector: Poised to Break the Rs 1 Lakh Crore Barrier

India’s health insurance sector is on the brink of a significant milestone, with projections indicating it will cross the Rs 1 lakh crore mark in FY24. This anticipated growth is not an isolated event but part of a consistent upward trend in the non-life insurance market, which is expected to grow at a rate of approximately 13-15% in the medium term1. The motor insurance segment has been a strong contributor to this growth, already surpassing the Rs 80,000 crore threshold. The health insurance segment, in particular, is expected to be a primary driver of growth, supported by increasing disposable income levels among consumers and a rise across other segments1. Several factors are contributing to the positive outlook for the health insurance sector: Favorable Regulatory Environment: Re...