Ritesh Aggarwal-led hospitality giant OYO as officially appointed Sumer Juneja as a non-executive director. The decision comes after a month after Juneja was inducted as an additional director, representing SoftBank. The appointment is in accordance with a resolution passed by the company’s board, as detailed in a regulatory filing with the Registrar of Companies (RoC). …
Introduction Founded in 2018, BharatPe has rapidly ascended to prominence within India’s digital payments sphere. As a fintech startup, BharatPe has carved out a significant niche by offering a diverse range of financial services tailored to the needs of small merchants and enterprises. The company’s success narrative is a testament to its inventive approach to…
Introduction Since its inception by Jeff Bezos in 1994, Amazon has evolved into a global e-commerce powerhouse, operating across numerous countries. One of the most noteworthy expansions has been into the Indian market, a region teeming with both significant challenges and enormous potential. Since its entry in 2013, Amazon has risen to become one of…
Among the top most jewellery retailer companies has been CaratLane which has maintained its upward trend. For the financial year that ended March 2024, the total company sales grew by 42% equal to Rs 3,081 crore. But rapid growth strategies negatively impacted on the company’s profits by a small margin. On the downside, there is…
One such player in operations today is Efficient Capital Labs (ECL) an efficient non-dilutive capital provider for B2B SaaS Startups that has recently closed an $11million Series A round. For this investment of funds, the company will extend its market into the Southeast Asia region, while it already has a market in South Asia, and…
Opkey, the AI-centered test automation solution designed for enterprise systems, closed $47m of Series B funding. The latest investment round is headed by the PeakSpan Capital and will allow Opkey to strengthen its existing technology and increase its worldwide presence. That is why the startup is going to use the funds to advance the development…
Ather energy has decided to expand in its second international market SRILANKA , after nepal . Ather Energy, the Bangalore-based electric scooter company will open its first experience center in partnership with Evolution Auto Pvt. Ltd. This being a joint venture between Sensei Capital Partners (Atman Group) and Sino Lanka Private Limited. Previously Ather launched…
FirstCry has commented, “No order of any kind has been passed, so the financial impact cannot be determined at this stage.”FirstCry said, “No income chargeable to tax has escaped the assessment, and we have a strong case on merit.”The recent spectacular listing of FirstCry on the bourses at over a 40 percent premium on NSE…
SoftBank-backed Indian food delivery giant Swiggy is eyeing a monster IPO. The company is gunning for a valuation of about $15 billion to raise $1 billion to $1.2 billion. This will be among the biggest initial public offerings this year in India. Swiggy is engaged in a stiff battle for market share in the Indian…
E-commerce giant Amazon India has announced a huge cut in selling fees across various product categories. The cuts, which would be applicable starting September, fall in the range of 3 per cent to 12 per cent and would hence see the sellers benefiting, more so with affordable product sellers. The strategic move is viewed against…
