It’s the season of spring for startup IPOs. After a lull in IPOs in 2022 and 2023 due to geopolitical… Read more ›
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Biotechnology startup Cambrian Bioworks has secured $1.45 Mn (INR 12 Cr) in a seed funding round led by the Irani…Biotechnology startup Cambrian Bioworks has secured $1.45 Mn (INR 12 Cr) in a seed funding round led by the Irani family office, along with participation from the company's cofounder and CEO Vaibhav Hegde. The Bengaluru-based startup plans to use the fresh capital to scale up its automated molecular diagnostics platforms, bolster... Read more ›
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Ahead of its annual general meeting, foodtech major Zomato announced in an exchange filing that it has completed the acquisition…Ahead of its annual general meeting, foodtech major Zomato announced in an exchange filing that it has completed the acquisition of Paytm’s events and movies ticketing subsidiaries Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited. Last week, Paytm, along with its two subsidiaries, entered into a definitive agreement to sell... Read more ›
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Ahead of its annual general meeting, foodtech major Zomato announced in an exchange filing that it has completed the acquisition…Ahead of its annual general meeting, foodtech major Zomato announced in an exchange filing that it has completed the acquisition of Paytm’s events and movies ticketing subsidiaries Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited. Last week, Paytm, along with its two subsidiaries, entered into a definitive agreement to sell... Read more ›
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Early stage VC fund Whiteboard Capital, which counts CRED, Jupiter and NatHabit among its portfolio companies, has reportedly marked the…Early stage VC fund Whiteboard Capital, which counts CRED, Jupiter and NatHabit among its portfolio companies, has reportedly marked the final close of its second fund at INR 300 Cr, doubling the initial target of INR 150 Cr. As per an ET report, the fund includes several family offices and domestic... Read more ›
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Actor Amitabh Bachchan’s family office has reportedly bought a minority stake in foodtech major Swiggy. This comes at a time…Actor Amitabh Bachchan’s family office has reportedly bought a minority stake in foodtech major Swiggy. This comes at a time when the company is targeting a valuation of $15 Bn for its initial public offering (IPO) of $1 Bn to $1.2 Bn. As per Economic Times’ report, Bachchan’s family office picked... Read more ›
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VerSe Innovation, the parent company of news aggregator DailyHunt and short-video platform Josh, has reportedly acquired digital marketing solutions firm…VerSe Innovation, the parent company of news aggregator DailyHunt and short-video platform Josh, has reportedly acquired digital marketing solutions firm Valueleaf Group. However, the company did not disclose the financial terms of the deal. VerSe cofounder Umang Bedi told ET that it was a cash-and-stock transaction. Bedi further said that acquiring... Read more ›
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Ecommerce major Amazon is looking to launch its quick commerce services in India in the first quarter of next year.…Ecommerce major Amazon is looking to launch its quick commerce services in India in the first quarter of next year. As per ET’s report, the company has been actively developing its quick commerce strategy, assigning the responsibility to a senior executive amid leadership rejig. This comes as the company plans to... Read more ›
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The Ministry of Textiles on Tuesday (August 27) approved grants of nearly INR 50 Lakh each for four startups under…The Ministry of Textiles on Tuesday (August 27) approved grants of nearly INR 50 Lakh each for four startups under the grant for research & entrepreneurship across aspiring innovators in technical textiles (GREAT) scheme. The grants were approved during the 8th empowered programme committee (EPC) meeting under the National Technical Textiles... Read more ›
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At least three different state governments in South India are reportedly offering sops and land parcels to electronics manufacturer Foxconn…At least three different state governments in South India are reportedly offering sops and land parcels to electronics manufacturer Foxconn to set up a facility in their respective regions. Telangana IT and industries minister Duddilla Sridhar Babu told Economic Times that the local government has offered 2,000 acres of land to... Read more ›
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A few months ago, I asked a CRED executive, “How do you justify the CRED’s value-to-revenue (EV/R) multiple?” The answer…A few months ago, I asked a CRED executive, “How do you justify the CRED’s value-to-revenue (EV/R) multiple?” The answer came: “Well, you have to see this in a context. It’s similar to what many fintech companies currently have.” The Bengaluru-based fintech giant has often been the target of ridicule for... Read more ›
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Construction material procurement platform ArisInfra Solutions is among the Indian startups which have lined up to launch their initial public…Construction material procurement platform ArisInfra Solutions is among the Indian startups which have lined up to launch their initial public offerings (IPOs) this year. The startup recently filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) for an INR 600 Cr public issue.... Read more ›
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In the latest addition to the list of Indian-origin top executives at US big tech firms, Kevan Parekh will become…In the latest addition to the list of Indian-origin top executives at US big tech firms, Kevan Parekh will become the new chief financial officer (CFO) of Apple. Parekh, Apple’s current vice president of financial planning and analysis, will take over “financial” reins of the company from incumbent Luca Maestri, who... Read more ›
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Commercial three-wheeler electric vehicle (EV) manufacturer Euler Motors plans to enter the small commercial vehicle (SCV) segment with the launch…Commercial three-wheeler electric vehicle (EV) manufacturer Euler Motors plans to enter the small commercial vehicle (SCV) segment with the launch of its first four-wheeler EV in the festive season. In a statement, the startup said that the EV will offer a payload of over 1,000 kg and meet the growing demand... Read more ›
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SaaS unicorn BrowserStack has acquired Berlin-based enterprise tech platform Bird Eats Bug in a $20 Mn deal. While the company…SaaS unicorn BrowserStack has acquired Berlin-based enterprise tech platform Bird Eats Bug in a $20 Mn deal. While the company did not disclose the details of the transaction, an Economic Times report claimed that BrowserStack acquired the company in a cash-and-stock deal, with a commitment of future investment for product development.... Read more ›
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Ecommerce major Amazon has launched its artificial intelligence (AI)-powered shopping assistant in beta mode in India. Called Rufus, the new…Ecommerce major Amazon has launched its artificial intelligence (AI)-powered shopping assistant in beta mode in India. Called Rufus, the new AI assistant will answer user queries related to shopping, offer recommendations and facilitate product discovery on the online marketplace. In a statement, Amazon said that the new AI assistant will allow... Read more ›
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Telecom major Bharti Airtel is reportedly looking to shut its music streaming platform Wynk Music in a couple of months.…Telecom major Bharti Airtel is reportedly looking to shut its music streaming platform Wynk Music in a couple of months. According to a report by PTI, the company will dissolve Wynk Music and absorb all its employees. "We can confirm that we will sunset Wynk Music and all Wynk music employees... Read more ›
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Delhi NCR-based online meat delivery startup Zappfresh, which has become the latest tech startup to file a draft red herring…Delhi NCR-based online meat delivery startup Zappfresh, which has become the latest tech startup to file a draft red herring prospectus (DRHP) for an IPO on BSE SME, posted a 70% year-on-year (YoY) jump in its net profit to about INR 4.7 Cr in the financial year 2023-24 (FY24). Zappfresh turned... Read more ›
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Jio Financial Services has increased its stake in its subsidiary Jio Payments Bank Limited (JPBL) by investing an additional INR…Jio Financial Services has increased its stake in its subsidiary Jio Payments Bank Limited (JPBL) by investing an additional INR 68 Cr. In an exchange filing, Jio Financial Services said it has subscribed to 6.8 Cr equity shares of JPBL at INR 10 each, translating to a total investment of INR... Read more ›
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Delhi-based startup incubator T9L Qube has roped in cricketer Virender Sehwag as its investor. While the platform did not disclose…Delhi-based startup incubator T9L Qube has roped in cricketer Virender Sehwag as its investor. While the platform did not disclose the funding amount, but said in a statement that it will deploy the fresh capital to further back early stage startups in scaling up their businesses. “Investing with T9L Qube is... Read more ›
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Investors of embattled edtech giant BYJU’S have moved the Supreme Court (SC), which is hearing a plea filed by a… Read more ›
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Most popular sources
Business Insider
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28% 0 |
Tech Wire Asia
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15% 9 |
CNET
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7% 4 |
Eurogamer.net
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6% 2 |
Gizmodo
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6% 1 |
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28.11.2024 01:47
Last update: 01:40 EDT.
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