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…
Former Housing.com CEO Rahul Yadav has secured investment from Indian cricketer Yuvraj Singh for his new startup, Intelligent Interfaces. The amount of investment has not been disclosed. Yadav was ousted from Housing.com in 2015 amidst controversy. Yuvraj also mentioned through his facebook account with a picture of Yadav, Nishant Singhal and himself that “Proud to…
Zepto is a fast-moving startup that offers superfast delivery of groceries and everyday necessities. Devendra Meel has been promoted to Chief Business Officer (CBO). With effect from July 2024, Devendra will now be in charge of overseeing several product categories (such as grocery, snacks, etc.) and forging solid brand alliances. Success is nothing new to…
Infra.Market, an online business-to-business (B2B) marketplace, is having a fundraising frenzy! They had aimed to raise 500 crore rupees for debt funding earlier in the year. Yubi, a prominent player, gave 80 crore rupees over the course of two transactions, and IKF Home Finance joined the party with an extra 40 crore rupees, so they’re…
Flipkart-backed logistics company BlackBuck is planning to go public. The company filed its draft red herring prospectus (DRHP) with SEBI, the Indian market regulator. Logistics startup BlackBuck, backed by Flipkart, has filed its draft IPO papers with SEBI. The company aims to raise $300 million through a mix of new share issuance and existing shareholder…
