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Goldman Sachs to invest upto $50 Mn in Bengaluru based SaaS firm MoEngage

According to reports, Goldman Sachs intends to increase its stake in MoEngage, a software as a service (SaaS) business with headquarters in Bengaluru. The powerhouse of investment banking is in...

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Devendra Meel becomes Zepto’s Chief Business Officer

Zepto, the unicorn of fast commerce, has elevated Devendra Meel to the role of Chief Business Officer (CBO) in a major leadership change. Only a few days ago, Zepto announced that company had raised...

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Zomato shares close on all time high of INR 223.40 on Friday

Leading foodtech company Zomato has been in the news lately for its stock performance. During intraday trading on July 12, 2024, Zomato’s shares shot up to a new all-time high of INR 223.40. The stock...

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Weekly Startup Funding News: Indian startups raise $138 Mn; from iVP Semi to...

The second week of July saw a decrease in investment activity in the Indian startup ecosystem. Startups raised a total of $138.04 million through 15 deals between July 7 and July 13. This represents a...

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Weekly Business News: Top business updates in this week

In this article, we will be going through major business updates that occurred throughout the week. Credits: Business News This Week MTNL Requests Government Money to Pay Off Debts The government has...

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Swiggy, Zomato increase platform fee

In recent times, food delivery giants Swiggy and Zomato have increased their platform fees, leading to a noticeable backlash from customers. Initially introduced at a nominal fee of Rs 2 per order in...

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Zomato CEO Deepinder Goyal’s net worth over $1Bn now

Zomato’s founder and CEO, Deepinder Goyal, has achieved a noteworthy financial achievement: following a remarkable surge in the company’s shares, he has become a billionaire. Since July 2023, the...

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EV ride service BluSmart raises Rs 200 Cr from MS Dhoni family office, others

BluSmart, an EV ride-hailing business based in Gurugram, recently closed a pre-Series B fundraising round for ₹200 crore, or roughly $24 million. Leading player in the renewable energy space Sumant...

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HUL sells its water purification business ‘Pureit’ to AO Smith India for $72 Mn

Leading consumer goods company Hindustan Unilever (HUL) has announced that it is selling its water purifying division to AO Smith India. The division was previously known as the “Pureit” brand. The...

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Byju’s evicted from over 100 tuition centres due to unpaid rent

BYJU’S, a prominent name in the edtech sector, has recently faced a significant blow as it has been locked out of more than 100 of its tuition centres across India. This development, driven by unpaid...

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BCCI plea triggers NCLT into admitting Byju’s to insolvency procedure

The National Company Law Tribunal’s (NCLT) approval of Byju’s parent company, Think and Learn Pvt Ltd, to participate in the bankruptcy resolution process marks a significant development for the...

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Bharti Airtel starts scholarship program for students on account of Silver...

The Bharti Airtel Foundation, the charitable arm of Bharti Enterprises, has initiated the ‘Bharti Airtel Scholarship Program,’ an unprecedented initiative that is expected to transform engineering...

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Warner Bros Discovery to fire over 1000 employees to cut costs

July 17, New York City: One of the biggest media companies in the US, Warner Bros. Discovery, has started a large-scale wave of layoffs as part of its cost-cutting efforts. It is anticipated that this...

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Bengaluru based Dharana Capital invests $50 Mn in Urban Company

Renowned venture capital firm Dharana Capital recently made headlines for investing Rs 400 crore (about $50 million) in Urban Company through a secondary sale. The largest ESOP liquidity event in Urban...

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Google backed GitLab aims for sale at $8 Bn valuation

Leading cloud-based software development tool company GitLab is apparently considering a sale after garnering purchase interest. This action is being taken during a period of increased mergers and...

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Swiggy and Zomato to increase platform fee by upto ₹15

There has been a commotion in the meal delivery market due to recent adjustments in platform fees by Zomato and Swiggy. The platform fees of both companies were raised from ₹5 to ₹6, a 20% rise....

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New age fashion brand NEWME raises $18 Mn from Accel, others

In a significant move to bolster its market presence and operational capabilities, NEWME, a fashion brand targeting Gen Z women, has raised $18 million in a funding round led by Accel. This follows a...

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Infosys revenue projections increase to 3-4% for FY25, to hire upto 20k freshers

India’s second-largest IT company, Infosys, has recently revised its revenue guidance for fiscal 2025 to 3-4 percent, a significant increase from the previously anticipated 1-3 percent in constant...

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Kunal Bahl and Rohit Bansal exit Urban Company earning 200 times return

Notable news is that Kunal Bahl and Rohit Bansal, the co-founders of Snapdeal, successfully exited the at-home services platform Urban Company at a high profit. Through their investment vehicle Titan...

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Paytm net loss increases to INR 840 Cr for FY25

The prominent fintech company Paytm, which is listed, revealed a notable increase in its consolidated net loss for the first quarter (Q1) of the fiscal year 2024–25 (FY25) to INR 840.1 Cr. This...

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