Delhivery, a logistics startup based in Gurugram, has left industry experts in awe as it did more than just break even and actually recorded a profit of INR 54.35 crore during the first quarter of FY2025, which is a significant difference from its INR 89.48 crore loss in the same period last year. The freight…
Country Delight, the dairy sweetheart, comes back to public view with an additional Rs 70 Crore injection of debt from loyal investor Alteria Capital. This is also the second instance this year that Alteria has backed its Gurugram-based start-up meaningfully demonstrating belief in the growth progress envisioned. Country Delight, best known for delivering farm-fresh milk…
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…
Ola Electric is all set to launch its first electric vehicle (EV) in India in the month of August. The company plans to raise Rs 5,500 crore through the IPO. Some of this money will be raised by issuing new shares and the rest will be sold by existing shareholders. The IPO has been approved…
Business advisory firm Riveron, backed by Kohlberg & Co, has acquired a startup Yantra, establishing itself as a top NetSuite Alliance partner. The move integrates Yantra’s state-of-the-art AI, data science and automation capabilities and increases Riveron’s global team size to more than 1,000. “Yantra’s startup agility enhances our ability to deliver technology solutions that fuel…
Leap Finance, a fin-tech startup which helps Indian students to pursue education abroad, is looking to raise $70-100 million in its Series E round. This round is happening almost after two-years since its last Series D round happened. The company has attracted the interest of many investors and with this funding, it is preparing to…
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…
Apple is planning to manufacture iPhone 16 Pro models in India, which will be available from the first day of the after the launch. This move marks a significant expansion for Apple in India, as earlier only standard models were manufactured in the country. Apple’s this decision can be a major step towards further strengthening…
FMCG giant Emami is all set to acquire men’s grooming brand The Mann Company. This will be the company’s first full-fledged acquisition in the D2C sector. The deal is valued at around Rs 400 crore and is in the final stages.Emami already holds over 50% stake in The Mann Company, while the remaining stake is…
Venture capitalists and industry experts have welcomed the removal of angel tax, which is an important step towards accelerating the growth of startups in India. Finance Minister Nirmala Sitharaman during the Budget presentation for 2024-25 announced that angel tax will be abolished for all investors. The angel tax, introduced in 2012 to prevent money laundering,…
