Skip to content
No results
OverNexus official logo
  • Home
  • Business
  • Funding
  • Startup
  • Her Story
  • More
    • Technology
    • Entertainment
    • Health
    • Sports
OverNexus official logo
  • Home
  • Business
  • Funding
  • Startup
  • Her Story
  • More
    • Technology
    • Entertainment
    • Health
    • Sports
OverNexus official logo

Your Business News Feed

Snitch, a prominent D2C men’s fashion brand in I Snitch, a prominent D2C men’s fashion brand in India, is launching a 60-minute apparel delivery service, marking a significant shift into quick commerce. 

This initiative positions Snitch among the first apparel brands in the country to offer instantaneous fashion, catering primarily to Gen Z and millennial shoppers who seek timely outfits for various occasions. 

The pilot program in Bengaluru utilizes Snitch’s retail network and local fashion preferences to enhance the customer experience. 

The company has established a robust supply chain and inventory management system, enabling scalability for this rapid delivery model. 

Following the Bengaluru launch, Snitch plans to expand to Delhi, Mumbai, and Hyderabad by early 2026, aiming to provide its quick delivery service across India. 

This move signals Snitch's ambition to reshape the quick-commerce landscape in fashion and enhance its presence in metropolitan areas.
.
.
#OverNexus #startupnews #SnitchQuickCommerce #60MinuteDelivery #FastShopping #InstantDelivery #EcommerceInnovation
Imagine Marketing Limited, the parent company of b Imagine Marketing Limited, the parent company of boAt, has submitted its Updated Draft Red Herring Prospectus (UDRHP-I) to SEBI for a proposed INR 1,500 crore IPO. 

This includes a fresh equity share issue of INR 500 crore and an offer for sale (OFS) of INR 1,000 crore, with notable contributions from Sameer Mehta, Aman Gupta, South Lake Investment, Fireside Ventures, and Qualcomm Ventures. 

Proceeds will support working capital (INR 225 crore), brand initiatives (INR 150 crore), and corporate purposes. 

Established in 2015, boAt is India's leading personal audio brand, holding a 26% market share by value. 

It reported INR 3,070.38 crore in FY25 revenues, with a net profit of INR 61.08 crore. 

The audio segment generated INR 2,586 crore, while wearables and other products contributed INR 330 crore and INR 154 crore, respectively. 

With a strong omnichannel presence and international expansion efforts, the company produced over 75 million units in India. 

The IPO is managed by ICICI Securities, Goldman Sachs, JM Financial, and Nomura.
.
.
#OverNexus #startupnews #boAtIPO #SEBIUpdate #DRHPFiling #InvestmentOpportunity #FinancialNews
Indian eyewear retailer Lenskart has obtained INR Indian eyewear retailer Lenskart has obtained INR 100 crore from SBI Mutual Fund through a pre-IPO investment via SBI's Alternative Investment Funds, specifically the SBI Optimal Equity Fund and SBI Emergent Fund. 

The investment translates to a share transfer price of INR 402 per equity share, leading to a valuation of approximately $7.7 billion. 

This financial infusion bolsters investor confidence in Lenskart’s upcoming initial public offering (IPO). 

The substantial investment highlights a strong domestic institutional endorsement for Lenskart's future growth, particularly given its hybrid business model and ongoing retail expansion. 

Founded in 2010, Lenskart has evolved into a significant omni-channel player in India and reported a net profit of INR 61 crore in Q1 FY26. 

The IPO is anticipated to open on 31 October and close on 4 November 2025, with raised funds aimed at supporting further expansion, technology improvements, and marketing efforts, as the company faces critical market scrutiny.
.
.
#OverNexus #LenskartFunding #SBIInvestment #PreIPO #EyewearIndustry #StartupGrowth
Mem0, a memory infrastructure platform for AI agen Mem0, a memory infrastructure platform for AI agents, has secured $24 million in combined Seed and Series A funding, led by Basis Set Ventures, with investors such as Peak XV Partners, Kindred Ventures, and GitHub Fund participating. 

Noteworthy tech entrepreneurs, including Scott Belsky and Dharmesh Shah, along with CEOs from major infrastructure companies, contributed to the funding. 

The platform offers a production-ready memory layer that allows developers to easily integrate it into their applications, intelligently organizing interactions and retrieving relevant memories. 

Since launching in 2023, Mem0 has gained substantial traction, with 41,000 GitHub stars, 14 million Python package downloads, and an exclusive partnership with AWS. 

The company aims to establish itself as the default memory layer for AI and LLMs.
.
.
#OverNexus #Mem0SeriesA #AIFunding #MemoryLayer #TechInnovation #InvestmentNews
Apple Inc. achieved a market capitalisation of ove Apple Inc. achieved a market capitalisation of over $4 trillion for the first time, driven by increased demand for its iPhone 17 models. 

The share price rose 0.2% to an all-time high of $269.2, marking a 13% increase since the iPhone's launch on September 9. 

Despite previous struggles due to US tariff uncertainties affecting manufacturing in China and India, the iPhone continues to constitute more than half of Apple's profits and revenue. 

However, concerns over Apple's slow progress in the AI sector persist, particularly regarding its collaboration with OpenAI and delays in Siri's updates. 

Chris Zaccarelli noted that the lack of a clear AI strategy is a significant stock overhang, suggesting that successful AI integration could significantly boost consumer interest and market performance. 

Apple reported strong quarterly results in April-June 2025, with expectations for fourth-quarter results set for October 30. 

Currently, Apple's share price trades at 33.2 times its projected earnings for the next year, above the Nasdaq 100 average.
.
.
#OverNexus #AppleMarketCap #iPhone17Success #TechStocks #InvestmentNews #AIFuture
Realty firm Signature Global Ltd raised Rs 875 cro Realty firm Signature Global Ltd raised Rs 875 crore from the World Bank's lending arm, IFC, through non-convertible debentures (NCDs). 

The funds will be used for developing housing projects and repaying high-cost debt. 

Signature Global, based in Gurugram, aims to reach sales bookings of Rs 12,500 crore for this fiscal, benefiting from a launch pipeline worth Rs 14,000 crore in homes over the next five months. 

The company sold Rs 10,290 crore in properties last fiscal, making it the fifth largest listed realty firm by sales bookings. 

A significant portion of the funds raised will go towards mid-income housing and ESG-aligned projects, with Rs 470 crore set aside for debt repayment. 

The NCDs have a tenure of 3 years and 2 months, maturing on January 15, 2029.
.
.
#OverNexus #SignatureGlobal #HousingProjects #IFCFunding #RealEstateInvestment #AffordableHousing
Elon Musk's Starlink is expanding into India by le Elon Musk's Starlink is expanding into India by leasing office space in Mumbai's Chandivali, signaling its intent to launch commercial services. 

The company has signed a five-year lease for 1,294 sq ft in Boomerang, paying over ₹3.52 lakh monthly with annual rent escalation of 5%. 

This is Starlink's first office in Mumbai, aimed at establishing a local presence. 

Starlink is also setting up nine gateway earth stations across India, including one in Mumbai, to facilitate satellite internet delivery. 

The company has received provisional government approval for system testing and can import 100 satellite terminals for trials. 

However, operations await final security approvals, as the government mandates strict conditions for testing. 

Starlink’s mission focuses on providing internet access to remote areas in India, a rapidly growing digital market.
.
.
#OverNexus #StarlinkMumbai #SatelliteIndia #SpaceInnovation #TechExpansion #DigitalConnectivity
Neulife, a protein-focused performance nutrition b Neulife, a protein-focused performance nutrition brand, has secured $1 million in its first seed funding round, co-led by Subhkam Ventures and Singularity Ventures, with participation from other investors. 

The funding will support product innovation, research, clinical trials, and global market expansion. 

Founded in 2014 by Samit Gupta, who is committed to delivering metabolically superior proteins, Neulife launched its D2C offerings in 2022. 

Gupta emphasizes that Neulife's products, utilizing Ketofuel® MCT technology, provide higher protein efficiency than conventional options. 

This funding milestone validates Neulife's potential in the premium proteins sector. Investors express confidence in Neulife's scientific approach to fill gaps in India's performance nutrition market. 

Neulife boasts a six-year R&D operation, with five patents filed, establishing its credibility. 

The brand aims for a 15% market capture in premium proteins by 2028 and plans to raise an additional $3 million by 2026 to fuel growth further.
.
.
#OverNexus #NeulifeFunding #ProteinMarketIndia #StartupGrowth #InvestmentSuccess #HealthAndWellness
Lenskart Solutions is set to launch its IPO on Oct Lenskart Solutions is set to launch its IPO on October 31 to raise Rs 2,150 crore through a fresh share issue. 

The offering will close on November 4, with anchor investor bidding opening on October 30. 

Alongside the fresh shares, there will be an offer-for-sale (OFS) where promoters and investors will sell over 12.75 crore equity shares. 

Promoters involved include Peyush Bansal and Neha Bansal, among others. 

The IPO proceeds will fund various initiatives like establishing new CoCo stores, lease and rent payments, technology investments, brand marketing, potential acquisitions, and general corporate purposes. 

Recently, Radhakishan Damani invested around Rs 90 crore in a pre-IPO round. 

Established in 2008, Lenskart transformed from an online platform to a major omni-channel retailer, offering prescription glasses, sunglasses, and contact lenses. 

It operates across metro and Tier-1 cities in India and has international presence in Southeast Asia and the Middle East. 

Lenskart’s stock market debut is scheduled for November 10.
.
.
#OverNexus #LenskartIPO #InvestmentOpportunity #StockMarketNews #FinancialGrowth #IndianStartups

News by Category

Business
Funding
Startup
Her Story

News of the Week

  • Funding
EvolutionaryScale Raise $142 Million for AI

Amazon and Nvidia backed EvolutionaryScale Raise $142 Million for AI that makes Proteins

  • Aarti SinghAarti Singh
  • June 30, 2024
  • Business
Visa, Mastercard 'Swipe Fee' Settlement

Unraveling the Complexities of the $30B Visa, Mastercard ‘Swipe Fee’ Settlement

  • Aarti SinghAarti Singh
  • June 29, 2024
  • Business
San Francisco home

The Hidden Catch: Affordable San Francisco Homes in a Prestigious Area

  • Aarti SinghAarti Singh
  • June 28, 2024
  • Business
Breaking News Adidas to Launch 'The Pulse' in the UK

Breaking News: Adidas to Launch ‘The Pulse’ in the UK

  • Aarti SinghAarti Singh
  • June 26, 2024
  • Health
Beware of These 8 Symptoms of Low Testosterone Level

How to Survive Men’s Health Week 2024: Beware of These 8 Symptoms of Low Testosterone Level

  • Aarti SinghAarti Singh
  • June 16, 2024
  • Entertainment
The Top 10 Summer Shows You Should Expect in 2024

The Top 10 Summer Shows You Should Expect in 2024

  • Aarti SinghAarti Singh
  • June 9, 2024
View all
  • About
  • Privacy Policy
  • Disclaimer
  • Correction Policy
  • Contact

© 2024-2025 OverNexus