Gurugram-based petcare startup Vetic has raised ₹224 crore in a Series C round led by Bessemer Ventures, with participation from LGF3, Acorn, and JSW Ventures. The funding will help expand its network to 65 centres by 2025. Founded in 2022, Vetic offers full-stack veterinary services and has served over 1 lakh pets across India.
May 10th, 2025
Shristi Acharya
India and Chile signed the terms of reference for a free trade agreement (FTA). The FTA, also known as Comprehensive Economic Partnership Agreement is set to expand the already existing trade agreement signed by the two countries in 2006. Digital services, investment promotion and cooperation, MSME, and critical minerals are among the areas of focus under the FTA, reports stated.
May 10th, 2025
Shristi Acharya
US retailer Walmart's plan to shift to India may be impacted by a low labour force at garment factories, Reuters reported. "Even if orders come, we need labour," said a Tamil Nadu factory which supplies underwear and t-shirts at $1 to US brands. This shortage would be advantageous for Bangaldesh, although US has imposed 37% apparel tariffs on the country.
May 10th, 2025
Shristi Acharya
BSE and NSE are actively monitoring potential cyber threats from Pakistan amid the ongoing cross-border tensions, reports stated. This comes after the Centre held a meeting with banks and financial institutions on cyber preparedness. Both exchanges have issued advisories for their trading members and had earlier restricted foreign individuals from accessing their websites due to security concerns.
May 10th, 2025
Daisy Mowke
Aloke Bajpai, Group CEO of Ixigo, announced that the platform is suspending all flight and hotel bookings for Turkey, China and Azerbaijan. "Enough is Enough! Blood and Bookings won't flow together," he wrote on X. This comes after travel firms like Pickyourtrail, EaseMyTrip, WanderOn and Cox & Kings urged Indians not to travel to Turkey and Azerbaijan.
May 10th, 2025
Medhaa Gupta
ThePrint reported that US' satellite company Maxar Technologies removed Pakistani company BSI as a listed partner following its report that Maxar started receiving orders for Pahalgam's satellite pictures since it acquired BSI, with the orders peaking months before the terror attack. BSI is owned by Obaidullah Syed, who was jailed in US. Maxar stated that orders didn't come from BSI.
May 10th, 2025
Shristi Acharya
IndusInd Bank said that an independent review found potential insider trading issues involving its CEOs, who traded shares before public disclosure of accounting lapses, Reuters reported. The bank will review the findings through "an insider perspective" and will take "necessary" legal steps. IndusInd's CEO Sumant Kathpalia and Deputy CEO Arun Khurana stepped down from their positions in April.
May 10th, 2025
Entrepreneur Ruta Kamat founded Good Graze in 2020 to revive her family's coconut-farming legacy in Sindhudurg, Maharashtra. The D2C brand offers clean, coconut-based products while promoting sustainability, ancestral farming, and local employment. With deep personal roots and a passion for wellness, Kamat is turning Good Graze into a global symbol of authentic, sustainable Indian produce.
May 10th, 2025
Fittr founder Jitendra Chouksey has pledged to allocate a share of startup's profits to support families of soldiers who lost their lives during the 'Operation Sindoor'. In a LinkedIn post, Chouksey said he had attempted to join India's defence services five times but was unsuccessful. "While a lot of us cannot go and fight, we can certainly do out bit," he said.
May 10th, 2025
Barracuda Networks unveiled powerful next-generation threat detection capabilities fueled by multimodal AI. Barracuda now uniquely delivers adaptive, context-aware protection against emerging attacks with unprecedented accuracy and speed by simultaneously correlating and analyzing diverse text and visual data types including URLs, documents, images, QR codes, and more.
May 10th, 2025
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Shristi Acharya
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