Latest News
Jeffrey Immelt Front Runner For Uber CEO
Jeffrey Immelt, the former CEO of the American conglomerate General Electric (GE,) has emerged as the front runner to become the CEO of global taxi hailing startup Uber. Recode reported, according to numerous sources with knowledge of the situation, Jeff Immelt may be the next CEO of the company.
According to media reports, Uber’s board is expected to make a decision and vote for a new CEO within the next two weeks. Although a majority of the board is leaning towards Immelt, there still are two other candidates in the running. Uber has been looking for a new chief executive officer to lead the company since the former CEO and cofounder Travis Kalanick was asked to resign in June.
Uber has had numerous holes in its executive team after losing multiple executives this year including their chief financial officer and chief operating officer. The company has also had to face a storm of allegations and the former CEO is also currently facing a lawsuit from early investor Benchmark Capital for fraud. Therefore, according to Record, the board is coming together and hoping the experienced Immelt can settle things down for the company.
Speaking about Immelt, one source told Recode, “He certainly is not someone anyone can push around easily, which is probably his best characteristic. We all know Immelt’s not the dynamic entrepreneur that Travis is, but he can certainly settle things down.” The source also added the board knows it is never going to be a perfect choice but they need someone with skills to move the company along.
Arianna Huffington is one of Immelt’s earliest and strongest supporters and he is also backed by several other directors. But a few directors remain undecided including venture capitalist firm Benchmark. Media reports suggest that neither of the other two candidates is a woman despite many insiders and outsiders urging the company to appoint a woman to its top role. The board is said to be looking for someone who can quickly deal with a number of pressing and problematic issues including the recruitment of numerous top executives, the worsening morale among employees, leadership problems and other regulatory messes that cropped up during Kalanick’s tenure.
Jeffery Immelt retired as the CEO of GE in June this year and was replaced by John Flannery. Investors and employees criticized his tenure at GE because the stock was trading at a lower level when he stepped down than it was when he took over in 2001.
It was also reported Kalanick was trying to ‘Steve Jobs it’ back into his Uber CEO spot but fellow board member and co founder Garrett Camp, squashed all rumours saying Kalanick would not be returning to Uber to fill his prior role.
Latest News
₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Latest News
Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Latest News
D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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The full UFC 328 matchup schedule includes Khamzat Chimaev (unchanged) making a defense of his 185-pound championship versus Sean Strickland (unchanged) in a marquee main event.
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