Ola Electric, one of India’s foremost players in electric two-wheeler market has run into dry spell. The data given also show an overall reduction in the company’s market share over the course of the past trippling in three months from 39% in July to 27% of September. This is down from a high of 49…
A significant arrest from Zomato family, Akriti Chopra, has put her papers in after serving over more than a decade for the company. The company released this information on September 27th and this brought her tenure to 13 years. Chopra had started working with Zomato in 2011 before which he had served in several important…
Minimalist, a rising star in the Indian D2C market, continues to shine. This Jaipur-based brand has hit a new high, surpassing Rs 350 crore in revenue for FY24, a remarkable 89% year-on-year growth. This growth story extends to profits, which have doubled in the same period. Minimalist’s success is fueled by its focus on high-quality,…
BharatPe and Ashneer Grover, who was the co-founder but is no more with the company have settled their differences. The fintech company and the critical businesswoman who openly accused the organization of fraud have finally come to an agreement. Under the deal, Grover will have to resign from the chairmanship of BharatPe and also give…
Bengaluru-based Moneyview has moved to a significant milestone in emerging as India’s newest unicorn startup. The company has reportedly raised the above substantial amount at a valuation of $1.2 billion, placing it firmly in the fintech space. According to reports from various sources, the funding round was led by existing investors Accel India and Nexus…
CarDekho Datalabs has appointed Sudarshan Sharma as the new Chief Business Officer of the New Auto business with the aim to boost growth. Sharma brings with him extensive experience in the automotive and technology sectors, having previously worked at Flipkart and Google, among other companies. His appointment reflects the company’s commitment to enhancing its marketing…
Nykaa, a beauty and fashion ecommerce company has been pulled down by Kotak Institutional Equities in this quarter as the company faces issues related to the increase in fulfilment cost and competition from the players in the quick commerce space. The brokerage has reduced the fair value by INR 5 to INR 190 and cut…
Paysharp, Chennai-based fintech startup, has received the final nod from the RBI to function as a Payment Aggregator. The major development comes after the in-principle approval given by the RBI in December 2022 and puts the company in the league of top payment aggregators in the country. Krishna Kumar Mani, founder and CEO of Paysharp,…
Quick commerce unicorn Zepto, which raised over $1 billion in the previous months, has begun its work for an initial public offering. The startup reportedly began discussions with investment banks regarding its plans, which are aiming to go live in the second half of 2025. Quite ambitious, this fits into the dreams of many new-age…
Under its employee stock option plan (ESOP), the fintech behemoth PaytmPaytm Datalabs in-article-icon has granted 2.54 lakh equity shares to qualified workers. Paytm stated in an exchange statement on Wednesday, September 4, that the nominating and compensation committee of the board had approved the distribution of 2.54 lakh fully paid-up equity shares, each with a…
