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Kartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.

The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.

The report, titled ‘Generative AI in Asia Pacific, said 93% of students and 83% of employees in the country are actively engaging with GenAI.

Acacia Inclusion is a new investor in Battery Smart, as are MUFG Bank and PC-SBI Kurashi Fund. Returning investors are Blume Ventures, British International Investment and Ecosystem Integrity Fund, who have increased their investment, documents filed by the firm with the Registrar of Companies showed.

Online astrology startup InstaAstro will use the capital to enhance the platform, onboard more astrologers, expand its footprint and build a stronger brand presence. The Noida-based company is also launching new spiritual ecommerce, daily pooja, and Reiki healing services.