The fintech startup championing the cause of the Micro, Small and Medium Enterprises or MSMEs, FlexiLoans has been extended yet another financial success in form of Rs 75 crore of debt funding from JM Financial. This funding is a sequel to the $35 million equity raised by FlexiLoans which makes the firm a major player…
CloudKeeper an efficient cloud cost optimization solution service provider has been acquired by an AI platform WiseOps that identifies opportunities to cut the cloud bill for businesses. Launched in 2019, WiseOps has already shown how it can help achieve substantial savings; more to the point, its technology is highly relevant to CloudKeeper’s objectives. With this…
Zomato, Food delivery giant Amidst the customary statements of innovation that tech companies like to throw into their press releases,has delivered a functionality that has the potential to disrupt the group ordering experience. In the last update, the platform has introduced the ‘Group Ordering’ feature that enables user to have a shared Cart, which friends…
Fintech platform Jio Commercial Services Limited (JFSL) has organized a new entirely owned secondary, Jio Finance Platform and Service Limited. The party has made the new subsidiary for the business of classification of commercial products and allied accounts, it said in a ordering on Thursday.(august 15) JFSL plans to establish INR 1 Lakh as initial…
BharatPe, a major Indian fintech company, has reportedly invested $8 million to $9 million to increase its ownership stake in its non-banking financial company subsidiary Trillion Loans to 60%. This move shows BharatPe’s commitment to strengthening its position in financial services.BharatPe now holds a majority 60% stake in Trillion Loans, highlighting its growing influence in…
Zoomcar Self-drive car rental start-up is ready to unleash its break-neck pace on its journey to profitability. The adjusted Ebitda loss in Q1 FY25 came in at a considerably lower figure than at the same period last year, with the company having slashed it by more than half. This is quite impressive and it goes…
The going has got rough for one of the foremost online travels agency in India named EaseMyTrip. The financial report of the first quarter of the fiscal year 2025 has shown rough-sailing for the company. As expected, revenue and consequently the profit level have significantly declined in comparison with the previous Q. Although it has…
Flipkart e-commerce major has sneaked in a Rs 3 platform charge in the shopping carts, just like food delivery aggregators Swiggy, Zomato and Zepto. Although the company has said this is a small charge that is important in fine-tuning its operations with a view to improving the user experience, the move has elicited some concerns…
The sultan of food-tech, Swiggy, is once again driving the market mad as the company is planning to serve its starved investors with its long-awaited IPO. The latest move? A new service fee policy that is as hot as sauce is coming; it is making the mouths of non-metro restaurant partners bitter. From August 14…
Ecom Express, the logistics big gun keen on the growing Indian e-commerce market, is all set to go back to the IPO route again. Relaxo has recently submitted its DRHP with SEBI making it the second time that the company has attempted to go public. Last year in 2022, Ecom Express had attempted a similar…
