Goodbye FirstCry: Ratan Tata Makes Surprise Move, Sells All Shares In Upcoming IPO
Ratan Tata, the veteran industrialist and former Chairman of Tata Group, is set to make a significant move in the business world by divesting his entire holdings in FirstCry, a prominent omnichannel platform for baby and mother-care products. This decision comes as FirstCry prepares for its Initial Public Offering (IPO). Tata initially invested in Brainbees […]
Delivery Tax Debate Heats Up: Zomato Challenges Rs 401.7 Crore GST Notice
Zomato, the prominent online food delivery service, has recently faced a substantial financial hurdle. The company received a show cause notice from the Directorate General of GST Intelligence (DGGI), Pune Zonal Unit, demanding an explanation for an alleged tax liability. The notice, issued under Section 74(1) of the Central Goods and Services Tax Act, 2017, […]
Igniting Startup Dreams: Northeast India’s 100+ Institutes Set to Transform Entrepreneurship
This program includes a combination of multiple initiatives, like the NE Entrepreneurship Challenge (Hunt), which aims to identify top 270 startup ideas from the region
E-Commerce Boost: Walmart’s $600 Million Infusion in Flipkart
Despite these strategic moves, Flipkart India Pvt Ltd reported consolidated losses of Rs 4,890.6 crore for FY23. However, its consolidated net income stood at a robust Rs 56,012.8 crore, indicating strong revenue generation.
Chennai’s Oxyzen Express Raises $3 Million, Targets Express Logistics Sector
he startup has established a comprehensive pan-India network, covering over 10,000 pin codes, and caters to a diverse range of industry sectors including retail, pharma, FMCG, ecommerce, electronics, and automotive.
Ola Electric Sets the Pace with India’s First EV Maker IPO
Ola Electric, an emerging leader in India’s electric vehicle (EV) sector, is set to make a significant leap by filing for an Initial Public Offering (IPO) to raise ₹5,500 crore (approximately $662 million).
Gurugram’s SenseAI Ventures Introduces Rs 200 Crore Fund for AI Pioneers
The fund, with a corpus of Rs 200 crore (approximately $25 million), is specifically designed to support the AI startup ecosystem in India. The primary focus of the fund will be on investing in 18-20 AI-first startups, targeting those in the seed and pre-Series A stages.
IppoPay and Visa Unite to Revolutionize Credit Solutions for Small Businesses
IppoPay, a fintech startup specializing in payment infrastructure for small businesses, has recently announced a significant partnership with Visa. This collaboration is aimed at introducing a new line of credit cards specifically designed for small businesses.
Redrob Revolutionizes Recruitment with $4M Funding and AI-Powered Skill Tests
Redrob, a global recruitment platform, has recently made headlines by securing $4 million in seed funding from Murex Partners and DS & Partners.
Revolutionizing Rural Insurance: Finhaat Raises $3 Million
Insurance startup Finhaat has recently raised $3 million in seed funding, a significant step forward in their mission to revolutionize the insurance landscape, especially for underserved communities in India.