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…
Hindustan Composite is a leading auto ancillary company which strategically invested in the IPO-bound online food delivery giant Swiggy. The strategic partnership has come when Bollywood superstar Amitabh Bachchan’s family office also picked up a minority stake in the Bengaluru-based company. As part of the deal valued at Rs 5.17 crore, Hindustan Composite has entered…
My Tirth India, a company that combines spirituality and technology, has unfortunately decided to cease operations due to a shortage of financial support. This news is particularly surprising given the recent popularity and growth of the spiritual tech sector. Despite the overall tightening of funding for many industries, spiritual tech has managed to attract significant…
Mahindra Finance injects fresh energy into its leadership team with the appointment of Bijoy Thaplial as CBO and Mod Narayan Singh as CCO. The strategic moves aim to accelerate growth, enhance customer experience, and strengthen regulatory compliance. To freshen up the leadership team, Thaplial, an experienced banker, and performer joining from BBVA becomes the new…
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…
Zomato initially set out to become the leading restaurant search and discovery platform, providing detailed information on over 1.4 million establishments across 23 countries. This included restaurant names, menus, pricing, reviews, and more.Over the years, Zomato has transformed into a comprehensive food delivery service. Users can now order food via their app or website, with…
Wealthtech startup Stable Money has raised Rs 123 crore ($15 million) in a fresh funding round from RTP Capital, Lightspeed India and Matrix Partners. It has completed the second funding round within a year despite a challenging funding environment. The board approved the issuance of 77,135 CCPS at a price of Rs 16,019 per share….
UPI platforms PhonePe and Google Pay saw a marginal decline in their total volume while the third largest player Paytm recorded a stagnant growth in the last month.Overall, UPI saw a marginal dip of approximately 1% in total transaction volume to 13.9 billion in June from 14 billion in May. Moreover ,the transaction value also…
National coworking space leader Smartworks is getting prepared for his IPO with a fresh issue of Rs 550 crore. This is rather strange because in the last fiscal the company suffered a net loss of almost Rs 50 crore. But revenue is on an increase; for the next fiscal ending March 31, 2023 it stood…
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…
