OLA Cabs’ founder and CEO Bhavish Aggarwal on Friday (July 5) said that the ride-hailing startup has fully exited Google Maps and moved to its in-house navigation platform, Ola Maps. “After Azure exit last month, we’ve now fully exited google maps. We used to spend INR 100 Cr a year but we’ve made that 0…
Infra.Market, an online business-to-business (B2B) marketplace, is having a fundraising frenzy! They had aimed to raise 500 crore rupees for debt funding earlier in the year. Yubi, a prominent player, gave 80 crore rupees over the course of two transactions, and IKF Home Finance joined the party with an extra 40 crore rupees, so they’re…
MUMBAI India’s largest cement maker UltraTech Cement has agreed to buy a 32.72 percent stake in debt-laden rival Bharat Cements. M-cap per share Rs 390. Last June 2024, UltraTech had acquired a 22.77 per cent share from investor Radhakishan Damani paying Rs1,889 crore for the stake. The open offer in the UltraTech plan will also…
Established in 2010 by Nithin Kamath, Zerodha Broking Ltd. has emerged as a pioneering force in the Indian financial services sector. This Bengaluru-headquartered company, with a robust workforce exceeding 4,000 employees across more than 20 cities, offers a wide array of services, including retail and institutional broking, currencies and commodities trading, margin funding, and mutual…
Waycool, a fast-growing agri-tech startup, has laid off over 200 employees in Chennai, Bengaluru and Hyderabad in its efforts to turn a profit. This is the third round of layoffs in a year. The company is focusing on streamlining roles and automating processes to achieve financial stability.Despite these challenges, WayCool has raised $341 million from…
It seems like Brickwork’s substantial investment in Icons League Cricket (LLC) is set to significantly boost the league’s operations and expansion plans. With the league being valued at Rs 350 crore, the Rs 39 crore infusion will likely enhance the league’s infrastructure, marketing, and talent acquisition efforts. The LLC, which was founded in 2021 and…
Yes, UPI has crossed the milestone of processing 500 million transactions on a daily basis for a couple of times in August. This is a significant jump for UPI in daily volume as the Indian government has set the ambitious target of clocking 1 billion transactions per day by UPI by 2026-27. UPI is a…
Chai Sota bar, a tea business in India, built a million dollar business by understanding the economics of tea and implementing strategies such as menu engineering and a franchise model. They achieved scale and profitability by leveraging the low cost and habit-forming nature of tea, as well as offering complementary products. Chai Sutta bar mitigated…
Uppercase, A startup from Mumbai, focused on sustainable travel accessories, has recently closed a large round of funding in the amount of $ 9 million in a B series, the leader of which became Accel. This injection of capital takes the total funding of the company to a significant $17. 9 million customers since the…
Axio, which started as Capital Float is one of the leading fintech companies in India has recently completed a $20 million right issue. The experts are of the opinion that the existing investors such as Amazon participated in this round of funding as well. Axio raises a strategic interest of Amazon in the Indian fintech…
