Wow! Momo Secures Rs 350 cr Funding from Khazanah Nasional Berhad; Early Backers Make Exit
Wow! Momo Foods, the parent company of Wow! Momo, Wow! China and Wow! Chicken, has announced that it has raised Rs 350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. This is the largest funding round for the company so far and values it at over Rs 2,400 crore. About the deal […]
Indian Traders Shift to WazirX, CoinDCX Following Binance Crackdown
The world’s largest cryptocurrency exchange, Binance, has faced a major setback in India as the government has restricted access to its platform and other foreign crypto exchanges operating without local registrations. As a result, many Indian traders have moved their deposits to domestic rivals like WazirX, CoinDCX, and CoinSwitch Kuber, which have seen a surge […]
Redefining Success: Mera Market Hits Milestone with 30 Franchises in Indian Ecommerce
Introduction In the dynamic world of Indian e-commerce, Mera Market has emerged as a beacon of success, reaching the significant milestone of establishing 30 franchises across the country. This achievement is not just a numerical triumph but a testament to the company’s innovative approach and commitment to supporting startups in the e-commerce sector. The Journey […]
Expanding Reach: Swiggy and Tata Neu Collaborate with HDFC Bank for Cobranding
HDFC Bank, India’s largest private bank, has partnered with two of the country’s leading consumer platforms, Swiggy and Tata Neu, to launch co-branded credit cards. The cards, which are powered by Mastercard, offer attractive cashback and rewards to the customers across various online platforms. Swiggy HDFC Bank Credit Card The Swiggy HDFC Bank credit card, […]
Byju’s Valuation Plummets by 95%, Now Stands at $1 Billion: BlackRock
Introduction to Byju’s Valuation Drop In a startling turn of events, Byju’s, the Indian edtech giant, has seen its valuation dramatically reduced by BlackRock, a leading investment management company. The recent adjustment brought Byju’s valuation down from a peak of $22 billion to a mere $1 billion, marking a sharp 95% decrease. BlackRock’s Valuation Adjustment […]
MobiKwik and Adani One Join Forces to Provide Exclusive Travel Discounts
MobiKwik, a fintech company, has partnered with Adani One, an integrated travel platform, to offer exclusive discounts on flight bookings and duty-free products for their users. The partnership aims to leverage technology to make travel bookings and global brands more accessible and affordable across India. Flight Booking Offer Users who pay with MobiKwik Wallet on […]
Potential Nykaa Block Deal: Lexdale International’s Plan to Offload 2.62 Crore Shares
Nykaa, the online retailer of beauty brands, may witness a major block deal on Friday, January 12, 2024, as Lexdale International, one of its investors, is likely to sell 2.62 crore shares of the company, according to sources. The total value of the deal is estimated at ₹490 crore, and the floor price for the […]
IPM’s Expansion: 100 New Fuel Outlets Starting in Assam
Indo Petroleum Marketing (IPM), a Delhi-based start-up company, has announced its plans to set up 100 fuel retail outlets across India in the next five years, starting from Assam. The company has been granted transportation fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas of the Government of India under its revised […]
Numrovani Unveils ‘Cosmic Search Engine’ – Transforming Lives with Stellar Insights
NumroVani, the trailblazing lifestyle brand that harmoniously blends ancient wisdom with modern sciences, has unveiled its transformative Facebook campaign, Sitaaro Ka Search Engine. This ground-breaking initiative aims to empower individuals facing challenges in love, career, and life by providing cosmic guidance through the expertise of renowned Astro numerologist Sidhharrth S Kumaar. What is Sitaaro Ka […]
Coursera Brings Global Education to Hindi Speakers: 4,000 Courses Translated
Coursera, the leading online learning platform, has announced that it has translated over 4,000 courses in Hindi using artificial intelligence (AI). This is a major step towards making high-quality education accessible to everyone, regardless of their language preference. Why Hindi? Hindi is the most widely spoken language in India, with over 528 million speakers. It […]