One of the leading fintech startups – Pine Labs – is moving further in the development of the company’s strategy in India. The company has received the approval from the National Company Law Tribunal (NCLT) to amalgamate the Singapore incorporated entity of the company with its Indian operation. This tactical maneuver is anticipated to open…
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…
Rebel Foods, India’s pioneering cloud kitchen platform, reported a strong improvement in its fiscal year financials, with its revenue rising nearly 19% and losses falling over 40%. The growth indeed suggests how well Rebel Foods has strategized to successfully navigate the competitive foodtech landscape. Food sold was the mainstay of the company, which contributed a…
Deeping the plough in the intercity mobility space in India, Fresh Bus, the electric bus manufacturing company has raised a chunk of Rs 87. 5 crore in its Series A round from Maniv. This sum of money will greatly propel the companies expansion strategies such as; addition of 15 new routes and a fleet of…
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…
“In the last 10 years across all geographies, India has been the best in terms of returns,” said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Temasek did not disclose its total mark-to-market exposure to India in previous years as this is a new metric that the firm is tracking….
The fintech startup championing the cause of the Micro, Small and Medium Enterprises or MSMEs, FlexiLoans has been extended yet another financial success in form of Rs 75 crore of debt funding from JM Financial. This funding is a sequel to the $35 million equity raised by FlexiLoans which makes the firm a major player…
Ecom Express, the logistics big gun keen on the growing Indian e-commerce market, is all set to go back to the IPO route again. Relaxo has recently submitted its DRHP with SEBI making it the second time that the company has attempted to go public. Last year in 2022, Ecom Express had attempted a similar…
The valuation of PharmEasy’s parent, API Holdings, has taken a serious beating. From being valued at $5.6 billion, it came down to $458 million, which is a drop of 92%. It was due to a number of factors, including some really unfavorable market conditions and investor concern. Janus Henderson, one of PharmEasy’s investors, cut the…
How Mahindra Became SUV Leader (2018–2025) Introduction Around 2017–18, the passenger vehicle division of Mahindra & Mahindra was not in a strong position. The company still had a legacy reputation in tractors and utility vehicles, but urban buyers were shifting toward more modern and premium-looking cars from Maruti Suzuki, Hyundai, and Kia. Mahindra’s passenger vehicles…
