India

Indian bikemaker Hero launches first e-scooter, looks to catch up with startups

India wants e-scooters and e-bikes to make up 80% of two-wheeler sales by 2030, from about 2% today.

Use cases are being examined for an e-rupee in a way that there is minimal or no disruption to the financial system: RBI

Inflection Point Ventures, Venture Catalysts and HNIs also participated

The firm says its operations have ‘effectively halted’ in the Indian market

Waaree Energies has raised about $121m from various investors and its promoters

The firms will build a multi-brand beauty retail business in Gulf countries

RTAF has made its first investment in MyMandi, a B2B marketplace for cart-pushers

Investors must exit by selling their stakes to other investors as and when startups scale, says managing partner Anup Jain.

Apple’s latest move is part of a gradual diversification from China.

The firm is reportedly raising its seventh fund as it looks to ramp up investments in the digital space.