ARYA REVENUES
Agritech startup Arya Ag raises $29 million from Blue Earth Capital
Arya Ag will utilise the capital to expand the firm’s market share and enhance profitability. The funding will also be directed towards forging partnerships to enhance Package of Practices (PoP) on farms and implementing initiatives to minimise food loss throughout the supply chain.
Aurionpro Solutions to acquire fintech startup Arya AI for $16.5 million
Aurionpro Solutions acquires Arya.ai for $16.5 million, gaining a 67% stake. The deal enhances Aurionpro's business offerings with AI capabilities and allows for geographical expansion into the US, Southeast Asia, India, Europe, West Asia, and Africa.
Daimler India Commercial Vehicles pilots project to use AI for demand forecasting
Managing Director and CEO Satyakam Arya said Project Vruddhi is helping the truck and bus maker be a lot more precise with demand forecasting.
Centre appoints 22 joint secretaries in different departments
Senior bureaucrat Deepankar Aron has been named joint secretary, department of chemicals and petrochemicals, Harish Kumar Vashisth will be joint DG, Directorate General of Civil Aviation and Siddharth Mahajan has been named as joint secretary in the department of commerce, according to a personnel ministry order.
OML Entertainment focuses on new overseas markets to boost revenue growth
OML Entertainment is pursuing an aggressive revenue growth strategy, focusing on entering new international markets, expanding its artist management roster, and producing diverse content for leading streaming platforms. The digital entertainment company reported a top line of over ₹330 crore in FY23, with expectations of significant growth in FY24.
Agritech firm Fyllo sees revenues surge three-fold in FY23, plans to launch crop insurance
Fyllo's IoT devices are designed to gather real-time data on various critical aspects of farming, including soil moisture levels, weather conditions, and crop health. It works with more than 5,000 farmers.
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Agritech startup Arya aims to double profit, increase revenue by 70% to Rs 500 crore in FY24
Currently, most of the startup's revenue comes from storage/warehouse fee. But cofounder Prasanna Rao expects the fee from selling grain on its platform should be a bigger revenue model going forward. Commission on sales stood at Rs 40 crore in FY23 and he expects this to cross Rs 100 crore this fiscal.
Haryana allows restaurants to open 24x7: Gurugram eateries ready to cash in on late diners, MNC employees
Haryana Deputy Chief Minister Dushyant Chautala on Tuesday allowed all restaurants across the state to remain open 24x7, making it the only state in north India to do so. Notably, eateries, wanting to remain open 24 hours, will have to register with the Labour Department and follow other terms and conditions of the Punjab Shops and Commercial Establishments Act, 1958.
Daimler India reports 'strong' growth in revenue, sales in CY 2022
"The company reported a revenue growth of 37 per cent and a sales growth of 25 per cent in CY 2022 over CY 2021. 2022 was especially the best year of growth as DICV sold a total of 29,470 domestic and export units of trucks and buses in the calendar year," DICV, a wholly-owned subsidiary of Daimler Truck AG, Germany, said.
Uttarakhand Govt abolishes system of revenue police
The demand to replace the 'Revenue Police System' in Uttarakhand gained ground during the probe into Ankita Bhandari's murder in September 2022. The body of the 19-year-old, who worked as a receptionist at a resort run by Pulkit Arya, the son of expelled BJP leader Vinod Arya, was recovered from Chilla canal in Rishikesh on September 24 after she went missing for six days.
Agri startup Arya.ag expects fourfold jump in revenue at $175 m this fiscal
The company has so far received USD 65 million in external equity capital from investors like the Bengaluru-based fund Lightrock, the Washington-DC-based fund Quona, Mumbai-based Omnivore and Asia Impact Fund
Ankita Bhandari murder: 3 key accused Pulkit Arya, Saurabh Bhaskar and Ankit Gupta remanded in SIT custody
Accused Pulkit Arya, owner of the resort where Bhandari was working as a receptionist, and his two accomplices -- resort manager Saurabh Bhaskar and assistant manager Ankit Gupta -- were arrested on September 23 for allegedly killing her after she refused to give 'extra service' to a VIP customer who is yet to be identified.
Facing public ire, BJP suspends Vinod Arya, son Ankit Arya
Bhandari was a receptionist in a Rishikesh-based resort owned by Pulkit Arya, the main accused in the case, who has been arrested by the police. The police also arrested two other persons, Saurabh Bhaskar and Ankit Gupta, both employees at the resort.
Resort receptionist was killed for refusing to give 'special services' to guests: Uttarakhand DGP
DGP Ashok Kumar said that this much has been known from the girl's chat with a friend of hers. Earlier, a Facebook friend of the receptionist, had reportedly said that his friend was killed because she refused to have sex with guests as demanded by the owner of the resort where she worked.
BJP leader's son arrested for killing receptionist at his resort in Uttarakhand
Arya owns a resort in the district's Yamkeshwar block, where the victim worked as a receptionist. The resort manager Saurabh Bhaskar and assistant manager Ankit Gupta were arrested along with Arya after they confessed.
Agritech startup Arya.ag gets $60 million, valuation at $300 million
While $46 million came in as equity investment, $14 million was raised via debt from investors such as USDFC and ResponsAbility, a Geneva-based development finance institution, Arya.ag's cofounder and MD Prasanna Rao says.
Congress MP Muraleedharan booked for derogatory remarks against woman Mayor
Addressing Congress workers during a protest seeking action against corporation officials allegedly involved in a revenue scam, Muraleedharan had said that the Mayor is looking beautiful but what comes out of her mouth was more terrible than the 'Kodungallur Bharani songs'.
Kottakkal Arya Vaidya Sala eyes Rs 1,000-cr topline in FY24 as it enters FMCG space
Kottakkal Arya Vaidya Sala entered the FMCG space with an Ayurveda-based toilet soap under the label of Vibha. Later, they expanded the soap range with variants including baby soaps beauty soaps; shampoos, sanitisers, etc.
Jolt to BJP: Uttarakhand transport minister, MLA son join Congress
For Arya, a well-established Dalit face of Uttarakhand politics, it was a kind of repeat act of what he did on the eve of the 2017 assembly polls.
Daimler India ready for prolonged truck upcycle, says MD Satyakam Arya
Daimler India Commercial Vehicle’s order book is full for the rest of the calendar for exports and strong traction in the domestic market has helped its BharatBenz brand to cross a critical mark of 10% market share, managing director Satyakam Arya said.
Home Ministry awaiting telecom department nod on continuing mobile tower services in Naxalism-hit areas
At a recent meeting chaired by Union Home Secretary Ajay Bhalla, it was conveyed to the telecom department in no uncertain terms that these mobile phone towers should remain active. Previously, a series of meetings were held on the matter.
Arya Collateral raises $21 million in Series B funding led by Quona Capital
Arya Collateral provides post-harvest agri solutions to farmers, farmer producer organisations (FPOs), traders and also agri-focused corporates
Financing startup GetVantage raises $5 million in seed round
With this funding, GetVantage aims to empower India's young ecommerce brands and burgeoning D2C sector to achieve scale and profitability.
Daimler Trucks infuses Rs 2,277 crore in India, to start second shift on demand recovery
The maker of Bharat Benz expects the light to heavy truck market to grow by 30-50% in 2021. But this bounce back in growth will be on a very low base of 2020, where Bharat Benz expects the market to slip by 50-60% this year. To be sure, from January to June, the market has already nosedived 74% and this after 25-30% decline in 2019.
Daimler India hoping to foray into defence space
"We have started studying what the requirements are from the defence side," said Satyakam Arya, managing director and CEO, DICV. "They need a 4x4 truck mostly and we have started a study on developing that. We, however, have one step to cross and we have to see whether the government of India changes that regulation."
Influencer marketing, Facebook advertising & more: This conference will help scale your business in digital space
Experts will share the latest trends in the digital world.
MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and new
The $1.8-billion largely stock deal saw the then newly merged travel giant grab more than 60% of the overall online travel market in India.
Struggling to raise money? AI-powered bank loans from Loan Frame can help
Online lending platform Loan Frame offers an entire portfolio of products, including secured and unsecured loans from as low as Rs 1L to as high as Rs 50 cr.
War of the machines: The opportunities in machine learning for businesses
While artificial intelligence and machine learning have been there since the 1940s, the availability of huge amounts of data is making the difference now.
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