Connect with us

Latest News

Automobile Market Space Droom Raises $20 Million

Published

on

Automobile Market Space Droom Raises,Startup Stories,Startup News,Motivational Stories,Startup Stories India,Automobiles portal Droom raises,ShopClues CEO Sandeep Aggarwal,Automobile Market Space Droom,Integrated Asset Management,Droom Raises,latest market news in india

India’s biggest online automobile marketspace Droom raised $20 million in Series C funding round led by Integrated Asset Management and Japan’s Digital Garage.

This funding round for the Gurgaon based startup also saw participation from existing institutional investors including Lightbox Ventures, BEENEXT, Beenos. China’s, Hong Kong’s and Taiwan’s institutional investors and family offices, also participated in this round. Including this investment, the company has raised about $65 million since its launch in 2014.

According to a statement released by the company, the fresh funds will be used to build on its tech platform, develop tech focused acquisitions and strengthen Droom’s brand portfolio. Droom founder, former ShopClues CEO, Sandeep Aggarwal said Droom is the largest auto portal in India in terms of gross revenue, monthly traffic and number of auto dealers. The fresh capital will give them an unchallenged competitive edge in the e-commerce landscape at large and not just in the online automobile space.

The company previously raised Rs. 200 crores from Beenext and Digital Garage last year and Rs. 100 crores in a Series A funding round in 2015. They expect to generate Rs. 175 crores in revenue by March 2018 and are also planning to expand in South East Asia after Diwali this year.

Sandeep Aggarwal has also invested in mobile wholesale market space Wydr and Shopsity, which connects online retailers with customers. Aggarwal also added their long term goal is to be listed on NASDAQ by mid 2019 and are aiming to be profitable by mid 2018.

Jeffery Yam from Integrated Asset Management speaking about the investment said India is the next China in the Internet consumer market and are really impressed by Droom’s ability to drive innovation and create scalable technology platforms. Droom competes against used automobile selling spaces such as Truebil, Zoomo, CarDekho, Carwale and CarTrade.

Latest News

Healthy Snacking Is Emerging as India’s Next Consumer Growth Story

Published

on

Healthy Snacking - Startup Stories

The healthy snacking category in India is no longer a niche trend it is steadily becoming a mainstream consumer movement. The latest funding momentum around brands like Phab highlights how investors are increasingly backing companies that sit at the intersection of health, convenience, and modern lifestyles. As urban consumers become more conscious of ingredients, nutrition, and long-term wellness, demand is shifting away from traditional packaged snacks toward products that promise both taste and better nutritional value.

What makes this market particularly attractive is its ability to create recurring consumer habits. Unlike many direct-to-consumer categories that rely heavily on one-time purchases, healthy snacks naturally fit into daily routines. This opens opportunities for brands to build stronger customer loyalty while expanding into adjacent categories such as protein-rich foods, functional beverages, and wellness-focused products. The competition is no longer about selling snacks it is about owning a larger share of the consumer’s health journey.

Looking ahead, the biggest winners may not be the brands with the widest product portfolios, but those that can balance nutrition, affordability, and taste at scale. As health-conscious consumption expands beyond metro cities, India’s better-for-you food segment could evolve into one of the country’s most significant consumer categories. The growing flow of capital into this space signals that investors are betting on a long-term behavioral shift rather than a short-lived food trend.

Continue Reading

Latest News

Why Capital Is Flowing Toward Bharat-Focused Fintechs Again

Published

on

Indian

India’s fintech sector is entering a new phase of growth, and the spotlight is increasingly shifting toward underserved consumers in smaller cities and towns. The recent funding secured by WeRize reflects growing investor confidence in platforms that are expanding access to financial products such as credit, insurance, and other services for customers who have traditionally remained outside the reach of formal financial institutions. As digital adoption deepens across the country, fintech companies are finding significant opportunities beyond metro markets.

What makes this trend notable is the industry’s transition from simply enabling digital payments to building broader financial ecosystems. Rather than focusing on a single service, fintech firms are expanding their product portfolios to meet multiple customer needs under one platform. This approach not only strengthens customer relationships but also creates more sustainable business models by increasing engagement and lifetime value.

The larger implication is that India’s next fintech growth story may be driven by financial inclusion rather than convenience alone. Investors are increasingly backing companies that combine technology, data-driven underwriting, and localized distribution to serve emerging consumer segments. As competition intensifies, the ability to build trust, offer relevant products, and address the financial needs of Bharat could become a key differentiator for the next generation of fintech leaders.

Continue Reading

Latest News

OpenAI’s Trusted Contact Feature Signals a New Direction in AI Safety

Published

on

Open AI

OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.

Beyond Moderation

AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:

  • early risk detection
  • human-centered intervention
  • stronger emotional safety frameworks

This positions AI as more than an information tool—it becomes part of broader digital support systems.

Key Industry Impact

Trusted contact models could influence future safety standards across:

  • AI assistants
  • mental health platforms
  • social media
  • digital health services

The Bigger Challenge

While promising, success depends on balancing:

  • privacy
  • consent
  • ethical intervention
  • user trust

Final Take

This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.

Continue Reading
Advertisement

Recent Posts

Advertisement