Latest News
Ola To Partner With Tata Motors To Launch Electric Vehicles
Ola, India’s biggest cab aggregating startup, is set to launch a fleet of electric vehicles (EV) in collaboration with Tata Motors. The cab hailing startup will launch the electric Tata Nano cabs as a part of its fleet of taxis in Delhi NCR by the end of 2017.
Tata Motors first showcased the EV concept car at the Geneva motor show in 2010 and claimed to have a range of 160 km on one charge. The electric cars, however, will not be made completely by Tata Motors but will be a product of Jayem Automotives and will be called the Jayem Neo. The car will also be available for personal use as well soon.
Tata Motors will be joining companies such as Mahindra, Suzuki, Toyota, Honda and Hyundai working on electric car technology. This move is in line with Prime Minister Narendra Modi’s mission to make India go completely electric by 2030. The deteriorating air quality in the northern parts of the country in recent times prompted automakers to accelerate their plans to introduce electric vehicles in India.
Multiple previous reports suggest Bengaluru based Ola would be deploying a million electric vehicles in the next five years to capture the country’s booming electric vehicles market. Ola’s chief investor Softbank also revealed plans to make Ola an electric car manufacturer in collaboration with global carmaker, Toyota. The company was also a part of the launch of India’s first multi modal electric vehicle project held in Nagpur in May this year. Under this project, 200 electric powered public transport vehicles were supposed to be deployed on Ola’s app platform in Nagpur.
Ola Technologies is also expected to narrow its loss this fiscal year and become profitable during the fiscal year 2018-2019. According to a valuation report by audit firm Jain Ambavat & Associates, Ola could report a net operating profit of over Rs. 1,170 crores which could grow further to Rs. 6,423.33 crores by 2020-2021.
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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