Here is a summary of the latest startup news from India:
December 9, 2023
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A Pune-based tech entrepreneur, Satish Pathak, has developed an innovative solution called “Digitally Controlled Precise Dispensing Valve for Liquids” that can dispense liquids with high accuracy and efficiency. The device can be used for various applications such as agriculture, irrigation, water supply, and industrial processes.
Belrise Industries Ltd, a Pune-based manufacturer of plastic packaging products, has secured two gold and one silver awards at the 8th Confederation of Indian Industry (CII) National Digitalisation, Robotics, and Automation (DRA) Industry 4.0 Awards.
Ola Electric’s net loss surged to Rs 1,472 crore in FY23 as expenses grew significantly. The electric vehicle startup faced challenges such as supply chain disruptions, component shortages, regulatory hurdles, and competition from other players.
Paytm has shifted its focus to higher ticket loans amid regulatory hurdles for its small-ticket loan business. The digital payments firm said it will cut down on disbursing loans under 50,000 rupees and expand to higher ticket ones.
