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Walmart To Invest Rs. 900 crores To Open 15 Outlets In Maharashtra

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Walmart to Invest Outlets in Maharashtra,State Industries Department,Maharashtra Government,Chief Minister Devendra Fadnavis,Walmart Stores,Startup Stories,Inspirational Stories,2017 Latest Business News

American multinational retailing company Walmart plans to invest Rs. 900 crores to open 15 outlets in Maharashtra, that will cater to wholesalers. According to the State Government, these stores will help generate 30,000 direct and indirect jobs in the western state.

The State Industries Department of the Maharashtra Government has signed a Memorandum of Understanding (MoU,) with Walmart in the presence of the Chief Minister Devendra Fadnavis. Pravinsingh Pardeshi, CM’s additional secretary along with Sunil Porwal, Development Commissioner Harshdeep Kamble and Walmart’s India head Krish Iyer were also present at the signing. 

The retail giant presently has two stores in Maharashtra, in Aurangabad and Amravati and operates 21 wholesale membership clubs across nine states, offering nearly 5,000 items under the Best Price Modern Wholesale brand.

Many of the global brands are currently operating in India in the cash and carry format as Indian laws do not permit full foreign direct investment in single brand retail stores. The 15 new stores will also be set up in the wholesale cash and carry format.

Business Line reported the company has already identified Nagpur, Nashik, Pune and Bhiwandi, near Mumbai, as possible locations for the stores and will primarily focus on food and agriculture products in the State. The state government will grant single window clearances for this investment, according to Development Commissioner (Industries) Harshadeep Kamble. These stores will, reportedly, require a year or two to become operational. The retail giant also plans to launch around 49 outlets in India by the year 2020.

As a part of their extension plans, Walmart has also recently signed a deal with the Telangana Government to set up 10 stores in the State. The Indian arm, which is a wholly owned subsidiary of Wal-Mart Stores Inc., opened its first store in Amritsar, Punjab, in 2009.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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Flam_StartupStories

AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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