Significant leadership changes have been announced by Yubi Group, a prominent player in the fintech industry, across all of its subsidiaries (Yubi, Corpository, and Aspero). With at least two years of experience, these promotions propel current staff members into C-suite roles inside the organisation. Furthermore, Yubi Group has added 22 lakh shares to a pool…
Edtech Giant’s Troubles Deepen!! The troubles keep piling up for BYJU’S. The once high-flying edtech startup is now facing a major setback as over 100 of its tuition centres across India have been shut down. Landlords, frustrated by months of unpaid rent and utility bills, have taken drastic action, locking out the company. The crisis…
Food delivery apps Swiggy and Zomato are adding a pinch of extra cost to your online orders. The startups have hiked their platform fees by a spicy 20%, from Rs 5 to Rs 6 per order. This extra charge, now sizzling in Delhi and Bengaluru, will soon spread its heat to other cities. Don’t be…
Google’s parent company, Alphabet, is about to drop a bomb on the tech world! whopping $23 billion on cybersecurity startup Wiz We’re talking a massive $23 billion cash explosion to snatch up cybersecurity startup Wiz. This isn’t just a purchase; it’s a power grab! Get ready for a new era of digital defense as Google…
The government is launching a new fund called AgriSURE to support startups and entrepreneurs in the agriculture sector. This Rs 750 crore fund will provide loans and investments to help these businesses grow. A hackathon for green solutions in agriculture was also kicked off. To kickstart the project on a high note, a hackathon focused…
Nykaa on a Share Spree! The beauty giant has once again rewarded its employees with a fresh batch of equity shares. This is the second such allocation in recent weeks, signaling a strong belief in the company’s future. With a promising 22-23% revenue growth projected for the upcoming quarter, Nykaa seems to be riding high on…
Amazon India director Abhinav Agarwal said that the Prime membership plan now offers customers same-day deliveries on 1 million products, including toys, electronics, and home entertainment categories. Saying that same-day delivery for Prime members has doubled because of the company’s investment in strengthening its delivery network, Agarwal added that the company is looking to double down…
Introduction Anil Ambani, once a billionaire industrialist and head of the diversified Reliance Group, saw his empire crumble due to a series of wrong financial decisions. This case study delves into the specific financial missteps that led to the decline of Anil Ambani’s business ventures, focusing on strategic errors, financial mismanagement, and market conditions. Background…
Otipy, an inventive Farm-to-fork startup is under-talks to raise a fresh funding in an extended Series B round from current and new investors.According to the sources the funding will be utilized to empower the operations of Otipy in expanding its presence in existing and new cities. Currently, it is operational in Delhi – NCR and…
Softbank, the tech titan known for its sky-high bets, just took a massive $150 million dive off the Paytm rollercoaster. After pouring a whopping $1.5 billion into the Indian fintech darling in 2017, Softbank finally jumped ship, but not before losing a chunk of change. This isn’t just a stumble, it’s a full-on faceplant for…
