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Byju Raveendran apologizes to teaching staff, promises small payment by end...
Once a bright spot in India’s rapidly expanding edtech sector, Byju’s has had some challenging times lately. The company’s co-founder, Byju Raveendran, took action to partially address one of its most...
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New semicon fabrication plant to be set up as per India-US agreement for...
At a turning point in the history of US-India ties, the two countries have joined forces to build a cutting-edge semiconductor fabrication facility in India. This partnership between Bharat Semi,...
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Manba Finance IPO Day 1: Issue gets oversubscribed 23.67 times
Manba Finance Ltd., a Non-Banking Financial Company (NBFC), has attracted a lot of attention with its initial public offer (IPO), which had a 23.67 times subscription on the first day of bidding. Manba...
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SEBI approves fintech platform Mobikwik’s INR 700 Cr IPO
MobiKwik, a unicorn fintech business with its headquarters in Delhi NCR, is preparing to go public with an IPO for Rs 700 crore after receiving approval from SEBI. This move, which is a component of...
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Luxury wellness brand Wellness Co. secures INR 60 Cr from EaseMyTrip
With a daring new project, EaseMyTrip, one of India’s leading online travel aggregators, has joined the quickly growing wellness tourism sector. For ₹60 crore, the company has bought a 30% stock...
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Delaware Supreme Court rules in favour of lenders in Byju’s $1.2 Bn loan...
The Delaware Supreme Court upheld a decision in favor of Byju’s lenders, who were represented by Glas Trust LLC, in a landmark legal event that dealt a serious blow to the beleaguered Indian edtech...
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Fractal Analytics, Indian AI unicorn, considers filing for $500 Mn IPO in Mumbai
An important milestone is about to be reached by Fractal Analytics, the innovative artificial intelligence (AI) services provider from India. The company, touted as the country’s first AI unicorn, is...
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Nikhil Kamath fears new F&O rules to affect Zerodha profits by 30-50%
Zerodha, the top discount brokerage company in India, keeps setting new records for success in the financial arena. The company’s revenue increased dramatically to ₹8,320 crore in the most recent...
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What is causing the Swiggy Pre-IPO celebrity investments?
The food delivery juggernaut Swiggy has already drawn an impressive roster of investors from India’s sports and entertainment industries as it prepares for its highly anticipated initial public...
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Whatfix, a B2B SaaS firm, acquires $125 Mn from Softbank, others
Whatfix, a pioneer in the field of digital adoption platforms (DAPs), has raised $125 million in its Series E fundraising round, which is a significant milestone for the business. This fundraising...
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Wow Momo Foods CEO shares plans of rapid expansion like Domino’s for IPO in...
The domestic dumpling company Wow Momo Foods is getting ready to go public in the next two years, a move that could drastically change the fast-food industry in India. This move puts Wow Momo in a...
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Foxconn explores investing $1 Bn to set up smartphone display assembly plant...
Foxconn is apparently contemplating a $1 billion investment to set up a smartphone display module facility in Tamil Nadu, in an audacious bid to extend its operations in India. This plant, the first of...
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ED Cracks Down on Online Gaming Scam: Four Arrested for INR 400 Crore Fraud
Four people have been arrested by the Enforcement Directorate (ED) in a noteworthy move. They are accused of being part of a large-scale online gambling scam that robbed consumers of over INR 400...
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Swiggy refiles draft papers for IPO, DRHP aims for Rs 3750 Cr funding
With a planned funding of ₹3,750 crore, Indian food delivery behemoth Swiggy submitted an amended Draft Red Herring Prospectus (DRHP) for its eagerly awaited Initial Public Offering (IPO) on September...
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SC reserves verdict on plea challenging BCCI-Byju’s settlement
The Resolution Professional (RP) in charge of Byju’s continuing bankruptcy procedures has arranged insolvency meetings, which have been temporarily put on hold by the Supreme Court of India. This is a...
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Zomato Co-founder and Chief People’s Officer Akriti Chopra resigns after...
On September 27, 2024, Akriti Chopra, the co-founder and chief people officer of Zomato, announced her departure from the company after an incredible 13 years of employment. This significant change in...
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Indian Startup Funding News: Indian startups raised $432 Mn this week; from...
24 Indian startups raised $432.2 million between September 23 and September 28, 2024, indicating the ongoing strength of the nation’s startup sector. Though this represents a slight decline of 3% from...
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Weekly Business Updates: From Zomato’s Co-founder’s resignation to ED action...
1. Akriti Chopra’s Departure Marks a New Era for Zomato The news that Akriti Chopra is leaving Zomato after 13 years is not only a big shift in the company’s leadership but also a deeply personal one....
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Paytm Founder Vijay Sharma’s biggest regret is not choosing the right banker...
In an honest and candid moment, Vijay Shekhar Sharma, founder of Paytm, publicly expressed his deepest regret regarding his company’s highly anticipated IPO, which debuted in November 2021. Speaking at...
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Days after Deepak Gupta’s arrest, BharatPe reaches a settlement with Ashneer...
A settlement between BharatPe and its former co-founder Ashneer Grover has marked a significant milestone in the resolution of one of the most well-known startup disputes in India. This formally closes...
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