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BYJU’s-Owned Aakash Lays Off Hundreds Amid Strategic Shift
As part of its Aakash 2.0 plan, BYJU-owned Aakash Educational Services Ltd. (AESL) has made a big restructuring move by terminating hundreds of employees. Announced in September 2024, this move has...
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IndiGo’s New Venture Capital Arm Takes Flight, Receives SEBI Approval
In a significant step towards fostering innovation in the aviation sector and beyond, India’s largest airline IndiGo has announced that its corporate venture capital arm, IndiGo Ventures, has received...
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Jewellery startup Bluestone to raise $250 Mn through IPO in Q2 2025
A growing number of modern entrepreneurs from different industries are preparing to go public as the Indian IPO trend picks up steam. BlueStone, an omnichannel jewelry startup, is getting ready to...
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Ravi Jain steps down from Business Head position at Bhavish Aggarwal’s...
In a significant development for the Bengaluru-based artificial intelligence startup Krutrim AI, business head Ravi Jain has reportedly resigned after nearly three years of service. Founded by Bhavish...
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Wrogn Receives ₹75 Crore Investment from Aditya Birla Digital Fashion Ventures
Popular apparel and shoe company Wrogn, which cricket player Virat Kohli co-owns, has received a further ₹75 crore investment from Aditya Birla Digital Fashion Ventures Ltd. (ABDFVL). With this...
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BlackRock, Jio Financial in talks to explore private credit venture
The largest asset manager in the world, BlackRock, is allegedly in advanced talks with Jio Financial Services, the financial division of Mukesh Ambani’s Reliance Group, a move that might upend the...
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Zepto in Talks to Raise $100-150 Million from Motilal Oswal, others
One of the top rapid commerce companies in India, Zepto, is making waves once more as it moves into advanced talks to finance $100–150 million from Motilal Oswal and many Indian family offices and...
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Zomato Eyes New Funding via QIP as It Expands into New Verticals
The massive Indian foodtech company Zomato is preparing for rapid expansion as it plans to raise further funding. The company said in a recent regulatory filing that the October 22, 2024, meeting of...
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Adani Enterprises Completes Rs 4,200 Cr QIP for Capital Expenditure and Debt...
One of the biggest scalable business incubators in India, Adani Enterprises Ltd. (AEL), has funded Rs 4,200 crore (about $500 million) through a Qualified Institutional Placement (QIP) sale. The money...
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As Part of Rs 252 Cr Fullerton Financial Holdings to Acquire Controlling...
Leading MSME-focused digital lending platform Lendingkart has revealed that Fullerton Financial Holdings (FFH), a wholly owned subsidiary of Singapore’s Temasek, will purchase a majority position in...
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Weekly Startup Funding News: Indian startups raised $478 Mn this week
After two consecutive weeks of slow funding activity, Indian startups have made a strong comeback, raising a total of $478 million across 29 deals between October 14 and 19, 2024. This marks a...
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Weekly Business News: From Prescinto acquisition to Aakash layoffs
Lendingkart and Fullerton Financial Holdings: The biggest digital lender in India for MSME loans, Fullerton Financial Holdings (FFH), a division of Temasek in Singapore, plans to purchase a majority...
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Nikhil Kamath’s Surprising Shift: From Renting Advocate to Homeowner
Co-founder of Zerodha and well-known for his unusual opinions on investing and money, Nikhil Kamath, has made an unexpected announcement: he has bought a property. Kamath has been a strong proponent of...
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Retail distributors group demands antitrust probe on Blinkit, Swiggy, and...
Rapid commerce has swept through the Indian retail sector in recent years. Platforms like Zepto, Swiggy’s Instamart, and Zomato’s Blinkit, which promise deliveries in as little as 10 minutes, have...
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Waaree Energies’ Rs 4,321 Cr IPO issue gets subscribed 3.32 times
One of the top solar energy firms in India, Waaree Energies, is spearheading a major upsurge in the renewable energy market. On October 21, 2024, the firm launched its much awaited Rs 4,321-crore...
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AI chatbots have replaced 60% customer support staff at PhonePe
In a bold move towards automation and efficiency, fintech giant PhonePe has managed to slash its customer support staff by 60% while handling a 40-fold increase in transaction volumes between FY18-19...
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PhonePe founders Sameer Nigam and Rahul Chari together got Rs 5 Cr in salary,...
Co-founders Sameer Nigam and Rahul Chari of PhonePe, the top digital payments company in India, received a substantial wage decrease in FY24. Their pay and benefits decreased, but the company’s...
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CoinSwitch alleges WazirX shifted crypto worth $73.63 Mn to Bybit and KuCoin...
According to CoinSwitch co-founder and CEO Ashish Singhal, WazirX, the country’s biggest cryptocurrency exchange, moved $73.63 million in user assets to international exchanges Bybit and KuCoin in a...
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Zomato reports 389% jump in Q2 profit to Rs 176 Cr
Food delivery behemoth Zomato posted an astounding 389% year-over-year increase in net profit for the second quarter of FY25, demonstrating an exceptional financial performance. Zomato is shown its...
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SC puts aside the NCLAT approval of Byju’s – BCCI ₹158 Cr settlement
An earlier decision by the National Company Law Appellate Tribunal (NCLAT) that authorized a ₹158 crore settlement between Byju’s (Think and Learn Pvt Ltd) and the Board of Control for Cricket in India...
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