Nykaa, affiliated with the internet fashion and beauty retail platform, is raising 125 crore rupees (nearly 15 million dollars) through non-convertible debentures. The Nykaa board has approved issuing around 12,500 non-convertible debentures at an issue price of 100,000 rupees each to raise 125 crore rupees on a private placement basis in dematerialized form, as…
The Qatar Investment Authority, one of the largest foreign investors in India, has filed a petition in an Indian court seeking to require Byju Raveendran to disclose details of his personal assets. This represents a new challenge for the education technology entrepreneur who oversaw his high-growth startup raise funds just last year. QIA, which first…
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…
Insurtech leader Acko is making a bold move to revolutionize healthcare! They’ve acquired digital chronic care company OneCare, signaling their intent to become your one-stop shop for health and insurance. The deal was an all-cash transaction, although the company did not disclose the financial details of the acquisition. As part of the deal, OneCare’s cofounders…
In the rapidly evolving and highly competitive landscape of the Indian online brokerage market, Groww has distinguished itself as a formidable contender, achieving a remarkable 20.35% market share. This case study delves into the innovative marketing strategies that enabled Groww to surpass well-established competitors such as Zerodha and Upstox. It emphasizes the strategic utilization of…
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,…
