Shiprocket, an ecommerce enabler in which Zomato has a stake, has introduced a new D2C marketplace, Zop. This marketplace that is still in its pilot stage seeks to bring various direct-to-consumer brands that are Indigenous to Indians. Shiprocket’s vision is to create an environment where brand can access the audience and promote their products. With…
Introduction In the volatile landscape of financial markets plagued with uncertainties of global spillovers and inflation, the role of regulators is crucial in maintaining stability and investor confidence. Recently, the Securities and Exchange Board of India (SEBI) has found itself at the center of a controversy following a report by Hindenburg Research, a US-based investor-activist…
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…
A high flying fintech Unicorn, Slice has emerged a winner yet again, as the Nation Company Law Tribunal(NCLT) okays the merger between the company and the North East Small Finance Bank(NESFB). This partnership that was announced back in October fits in well in the company’s plan to revolutionize banking services. The tie up of Slice’s…
CashKaro is going strong, indeed! The company that operates the widely used cashback and coupons site is a digital commerce company that has surprised and impressed many as it has achieved over ₹300 crore of operating revenue for the FY 2023-24. This sizzling 21. 5% growth is a testimony for the Ratan Tata-backed startup that…
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…
CloudKeeper an efficient cloud cost optimization solution service provider has been acquired by an AI platform WiseOps that identifies opportunities to cut the cloud bill for businesses. Launched in 2019, WiseOps has already shown how it can help achieve substantial savings; more to the point, its technology is highly relevant to CloudKeeper’s objectives. With this…
Zomato, Food delivery giant Amidst the customary statements of innovation that tech companies like to throw into their press releases,has delivered a functionality that has the potential to disrupt the group ordering experience. In the last update, the platform has introduced the ‘Group Ordering’ feature that enables user to have a shared Cart, which friends…
Fintech platform Jio Commercial Services Limited (JFSL) has organized a new entirely owned secondary, Jio Finance Platform and Service Limited. The party has made the new subsidiary for the business of classification of commercial products and allied accounts, it said in a ordering on Thursday.(august 15) JFSL plans to establish INR 1 Lakh as initial…
BharatPe, a major Indian fintech company, has reportedly invested $8 million to $9 million to increase its ownership stake in its non-banking financial company subsidiary Trillion Loans to 60%. This move shows BharatPe’s commitment to strengthening its position in financial services.BharatPe now holds a majority 60% stake in Trillion Loans, highlighting its growing influence in…
