BigBasket FY24: B2C Arm’s Loss Narrows 17% To INR 1,267 Cr, Revenue Grows 6%
BigBasket’s B2C arm saw its operating revenue rise about 6% to INR 7,884.5 Cr in FY24 from INR 7,439.7 Cr in the previous fiscal year
Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week
Ather Energy is reportedly targeting a valuation of around $2.5 Bn for the IPO, which will be mix of fresh issue and offer for sale
Maharashtra Approves Adani-Tower Semiconductor’s $10 Bn Chip Manufacturing Plant
Adani-Tower Semiconductor unit: While the first phase has an initial allocation of INR 58,763 Cr, phase 2 has an outlay of INR 25,185 Cr
Globe Travels Acquisition: Yatra To Add 350 Corporate Clients, INR 783 Cr To Annual GMV
Yatra said the acquisition of Globe Travels will add 350 new corporate clients to its existing customer base, taking the total tally of corporate customers to 1,200.
Centre Considering Outlay Of INR 11K Cr For FAME-III, Sops For E-Buses & E-Rickshaws
The Centre is considering expanding the scope of the upcoming FAME-III scheme with a proposed outlay of INR 11,000 Cr.
IndiaMART’s Stake In Mobisy Increases To 27.21% On Conversion Of Debentures To CCPS
IndiaMART’s stake in Mobisy Technologies, which operates SaaS startup Bizom, grew to 27.21% from 25.08% earlier
Delhivery Gets GST Demand Notice
Delhivery has received a GST demand notice of INR 5.5 Lakh from the Assistant Commissioner of Commercial Taxes (Enforcement), Kolar, Karnataka
Swiggy Unveils ‘Incognito Mode’ For Private Ordering
Swiggy launches 'Incognito Mode' for private ordering across food delivery and quick commerce platforms, currently available to 10% of users
BYJU’S Insolvency Case: SC Agrees To Early Hearing Of Glas Trust’s Plea
The SC has agreed to an early hearing of Glas Trust's plea against the NCLAT's decision to stay insolvency proceedings against BYJU'S
Telangana Sharpens Focus On AI With Global Summit, Inks 26 Pacts
The government has signed 26 MoUs with private players, including academic institutions, big tech companies, startups, others
Former Junior Swiggy Staff Embezzled INR 33 Cr, Probe Launched
Swiggy revealed in its annual report for FY24 that a former junior employee had embezzled INR 33 Cr over an extended period
India, Singapore Ink Pacts On Digital Technologies, Semiconductors & Others To Boost Ties
Modi announced the establishment of an Invest India office in Singapore and encouraged Singaporean business leaders to explore investment opportunities in India
Peak XV-Backed PayGlocal Receives RBI Nod To Operate As Online Merchant Payments Firm
Bengaluru-based cross-border payments startup PayGlocal has reportedly received the online payment aggregator licence approved by the RBI
ED Probe Finds Illegal Gaming & Betting Apps Laundering Money Through Kirana Stores
ED has discovered a money laundering operation being operated by illegal gaming and betting apps via kirana stores
VentureSoul Partners Marks First Close Of INR 600 Cr Maiden Fund
It aims to invest in around 20-25 startups with an average ticket size of INR 25-30 Cr.
InMobi’s Roposo Turns To Social Commerce To Solve Short Video Monetisation
Inmobi backed Roposo is transitioning into a social commerce platform which will enable users to sell or resell products using short videos.
Ashwini Vaishnaw, Nandan Nilekani On TIME’s List Of 100 Most Influential People In AI
Union IT minister Ashwini Vaishnaw has been featured on TIME Magazine’s 2024 list of the 100 most influential people in the space of AI.
Flush With Funds, Zepto Likely To Enter BNPL Segment With ‘Zepto Postpaid’
Zepto is all set to launch a new feature, ‘Zepto Postpaid’, which will likely mark the startup’s foray in the buy now, pay later segment.
GST Council May Impose 18% GST On PAs For Transactions Below INR 2,000
GST Council may consider a proposal that seeks to impose an 18% levy on PAs for facilitating certain small value digital transactions.
Adda247 Cofounder Chandan Singh Quits After 5 Years
In a post on LinkedIn, Singh said that he moved on from the startup last month, a year after being promoted as to a cofounder role
Drip Capital Raises $113 Mn In A Mix Of Debt & Equity
Trade financing startup Drip Capital has raised a funding of $113 Mn from GMO Payment Gateway, IFC, East West Bank, among others
Amazon Targets $5 Bn Exports From Indian Sellers In 2024
With this, the cumulative exports from Indian businesses via Amazon would surpass $13 Bn by the end of 2024
“If You Don’t Like India, Don’t Work In India”: Delhi HC Issues Contempt Notice To Wikipedia
Delhi HC issued the contempt notice to Wikipedia for not complying with its order to over alleged defamatory edits to ANI's Wikipedia page
Telangana Partners Meta To Boost E-Governance & Citizen Services Using AI
Meta partners with Telangana government to improve e-governance using AI technologies