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E Commerce

This Green Packaging Startup Could Finally Solve India’s Banana Export Problem


SUMMARY

PeelOn serves Indian banana exporters with a green packaging solution that keeps the produce fresh for two months longer than alternatives

The startup is headquartered in the US, which is also its largest market, and is now expanding its manufacturing base in India as well

The Trump tariffs have made it harder for PeelOn to source its raw materials from India for products sold in the US

One in every four bananas peeled off anywhere in the world is grown in India. And even though the lofty tariff barrier set up by…



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by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link