Clik here to view.
Vishal Mega Mart IPO to Open on December 11: All You Need to Know
Vishal Mega Mart, a retail behemoth in India, is prepared to make its much awaited initial public offering (IPO) on December 11, 2024. An important turning point in the company’s career, the Rs...
View ArticleClik here to view.
Paytm’s $250 Mn PayPay Stake Sale to SoftBank: A Bold Move to Fuel Growth
With its intention to sell SoftBank Group its 5.4% ownership in Japan’s dominant digital payments provider PayPay Corporation for $250 million (₹2,000 crore), One97 Communications, the parent company...
View ArticleClik here to view.
Zomato Soars to New Heights: Stock Hits All-Time High of ₹304.50 on December 5
For the second consecutive day, Zomato’s stock increased, hitting a record high of ₹304.50 on December 5, marking a significant turning point for the foodtech behemoth. The stock rose more than 6%...
View ArticleClik here to view.
MobiKwik’s ₹572 Cr IPO: Price Band Set at ₹265-279
An important milestone for the fintech startup situated in Gurugram will be reached next week when One MobiKwik Systems Ltd.’s eagerly awaited Initial Public Offering (IPO) opens for subscriptions....
View ArticleClik here to view.
Weekly Startup Funding News: Indian startups raised $250 Mn this week; from...
With a strong finish to 2024, the Indian startup ecosystem demonstrated its ongoing development into a seasoned and robust industry. The first week of December provided a preview of what this vibrant...
View ArticleClik here to view.
Weekly Business News: From Unacademy’s potential sale to Aadit’s quip on...
The world of business and startups witnessed a whirlwind of developments this week, with controversies, legal troubles, and industry shifts grabbing headlines. Here’s a detailed look at the most...
View ArticleClik here to view.
IPO Bonanza: A bullish week ahead in Indian markets with 11 IPOs set to open
The Indian stock market is set to witness a significant surge in activity as 11 IPOs are gearing up for subscription next week. This marks a remarkable period for investors, with the total fundraising...
View ArticleClik here to view.
Info-x Software acquires ₹190 Cr penthouse in Gurgaon, sets new benchmark in...
For an incredible ₹190 crore, Info-x Software Technology Pvt Ltd bought a magnificent penthouse in Gurgaon’s upscale DLF Camellias in a historic deal that has swept the country’s premium real estate...
View ArticleClik here to view.
Meet Rishi Parti: The Tech Visionary Redefining Luxury Living in Gurugram
In one of India’s most expensive real estate transactions, Rishi Parti, a prominent tech founder and Managing Director of Info-x Software Technology Pvt Ltd, has acquired an ultra-luxury penthouse in...
View ArticleClik here to view.
SpiceJet lays off nearly 2,000 employees in FY24 amid financial restructuring...
SpiceJet, India’s sixth-largest airline, recently made headlines for its extensive workforce downsizing as part of a broader financial restructuring strategy. While the move aimed to stabilize the...
View ArticleClik here to view.
Yubi Eyes $200 Mn Fundraise to Expand Globally and Prepare for IPO
The unicorn in digital lending, Yubi, originally CredAvenue, is aiming for a significant fundraising round in early 2025. To support its goals, which include a wave of strategic acquisitions and...
View ArticleClik here to view.
Zoomcar Cuts Net Loss by 72.9% to $3.35M in Q2 FY25 but Faces Cash Crisis
Zoomcar, a self-driving car marketplace listed on the Nasdaq, has successfully reduced its overall net loss in the second quarter of FY25. The net loss for the company decreased by 72.9% year over year...
View ArticleClik here to view.
Myntra Achieves ₹30.9 Cr Profit in FY24: Revenue Soars by 15% Amid Cost Cuts
Following a loss of ₹782.4 Cr in FY23, Myntra, one of India’s top fashion e-commerce sites, reported a net profit of ₹30.9 Cr in FY24, marking a spectacular financial turnaround. With a focus on fast...
View ArticleClik here to view.
MobiKwik IPO Sees Blockbuster Opening with Over 7x Subscription on Day 1
MobiKwik, the Indian fintech giant, has opened its Initial Public Offering (IPO) with an overwhelming response from investors. The Rs 572-crore issue was fully subscribed within the first hour of...
View ArticleClik here to view.
Mintifi Secures $180 Mn Series E Funding to Expand Supply Chain Finance
Mumbai-based supply chain financing platform Mintifi has made headlines by raising $180 million (₹1,494 crore) in a Series E funding round, marking a significant milestone for the company and India’s...
View ArticleClik here to view.
Investors to Offload INR 583 Cr Worth of Awfis Shares in Block Deal
Three major investors in Awfis, India’s largest flexible workspace provider, are set to offload shares worth INR 583 crore through a block deal. The investors—Peak XV Partners, Mauritius-based Bisque...
View ArticleClik here to view.
Culture Circle Raises $2 Mn to Scale Global Operations
Delhi NCR-based sneaker-focused platform Culture Circle is stepping into the spotlight with its latest $2 million seed funding round, led by Info Edge Ventures and prominent angel investors. Founded in...
View ArticleClik here to view.
Over 5,000 startups categorized as ‘closed’ by Ministry of Corporate Affairs...
One of the biggest startup ecosystems in the world, India has fueled economic expansion, job creation, and innovation. But just as telling as the success tales are the difficulties that new businesses...
View ArticleClik here to view.
Indian Railways Super App: All-in-One Platform for Passengers and Businesses
Indian Railways is creating a super app to combine its services into a single, easy-to-use platform in an effort to transform travel and logistics. Railways Minister Ashwini Vaishnaw announced this...
View ArticleClik here to view.
Backed by Zomato and Temasek, Shiprocket eyes ₹2,500 Cr fundraise through IPO...
With an IPO scheduled for 2025, Shiprocket, India’s logistics-tech unicorn, is getting ready for a significant advancement. With the support of significant investors like Temasek, Info Edge Ventures,...
View Article
