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…
The Strategic Success of the Air India and Vistara Merger in India Introduction The Indian aviation industry has long been a battlefield of intense competition, regulatory hurdles, and unpredictable market dynamics. Within this volatile landscape, the merger between Air India and Vistara has emerged as a landmark event, symbolizing a strategic consolidation that could redefine…
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…
Swiggy, the famous food shipping app, has unveiled a groundbreaking feature referred to as Incognito Mode. This new choice shall let us users place regional orders for meals and groceries without their picks appearing in their order history. Perfect for folks who need to preserve their food picks personal, Incognito Mode is specially beneficial for…
Gurgaon-based ride-hailing startup Rapido has raised a staggering $200 million in its Series E funding round, led by WestBridge Capital. The new capital will be used to expand its four-wheeler ride-hailing services and go toe-to-toe against industry giants like Ola and Uber in India. With the new funding, Rapido’s valuation has jumped to $1.1 billion….
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…
