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Inside Urban Company’s Product Push, Swiggy Shuts Minis & More
Urban Company’s Product-Led Makeover Synonymous with at-home services for a decade now, Urban Company is all set for its next big reveal. Having started with its line of water purifiers and smart door...
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RBI Directs Banks To Integrate DoT’s Tool To Curb Cyber Frauds
Amid the growing spate of cyber crimes, the RBI has directed banks and payments banks to integrate telecom department’s (DoT) financial fraud risk indicator (FRI) into their systems. The RBI advisory,...
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Maharashtra Minister Poses As Rider, Catches Rapido Flouting Bike Taxi Ban
Maharashtra transport minister Pratap Sarnaik posed as a driver and found glaring lapses in the implementation of the bike taxi ban in Mumbai. As per news agency PTI, Sarnaik booked a bike taxi on...
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GobbleCube Bags $3.5 Mn To Help Brands Grow With AI-Powered Insights
AI-powered analytics platform GobbleCube has raised $3.5 Mn (INR 30 Cr) in its pre-Series A funding round led by InfoEdge Ventures, with participation from existing investor Kae Capital. The startup...
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Meesho Files DRHP Via Confidential Route For Up To $1 Bn IPO
Ecommerce giant Meesho has filed its DRHP with markets regulator SEBI via the confidential pre-filing route, joining the long queue of Indian new-age tech companies looking to go public. Meesho’s...
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Nykaa Shares Slump 5% After Likely Block Deal Worth INR 1,210 Cr
Shares of Nykaa plunged as much as 5% to INR 201 during the early trading hours today after a large block deal. As per a CNBC TV18 report, Nykaa shares worth over INR 1,210 Cr changed hands via the...
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Maieutic Bags $4.15 Mn To Accelerate Chip Design With Its GenAI Copilot
Semiconductor design-focussed GenAI startup Maieutic Semiconductor has raised $4.15 Mn (about INR 35 Cr) in its seed funding round co-led by Endiya Partners and Exfinity Venture Partners. The startup...
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YourNest VC On Finding The Patient Capital Fuel That Indian Deeptech Needs
How deep is deeptech in India, really? Going by the government line, it’s too shallow for a strong IP-led ecosystem to set sail in India. But the heat from commerce minister Piyush Goyal at the...
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Peak XV Invests In Fitternity Founder’s Fertility Startup Luma
VC firm Peak XV Partners has backed fertility-focussed healthtech startup Luma Fertility. The VC firm’s seed platform, Surge, led the startup’s $4 Mn seed funding round, which also saw participation...
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Can Swiggy Crew Deliver Luxury On Demand?
When Lionel Messi lands in Kolkata this December, as part of a three-city India tour, a Bengaluru-based startup founder said that he won’t be scrambling for tickets or hoping to get a glimpse of the...
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Zomato Long-Distance Fee: NRAI To Act On Restaurants’ Complaints
After a flood of complaints from restaurants about Zomato’s newly introduced long-distance service fee, the National Restaurant Association of India (NRAI) has decided to discuss the issue with the...
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Exclusive: IPO-Bound NoPaperForms Converts Into Public Entity
Amid the new-age tech IPO fervour, Info Edge-backed NoPaperForms has converted into a public entity. As per its regulatory filings accessed by Inc42, the company’s board approved the conversion during...
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WEH Ventures Exits smallcase With 38% IRR
Early stage VC firm WEH Ventures has completely exited invest tech startup smallcase with an internal rate of return (IRR) of 38%. The VC firm first invested in the startup from its INR 20 Cr Fund I in...
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EaseMyTrip’s Nishant Pitti Pledges Shares Worth INR 95 Cr For ‘Personal Use’
Six months after he pared his stake in EaseMyTrip, its chairman Nishant Pitti has pledged 9 Cr shares worth INR 94.5 Cr to Motilal Oswal Financial Services. As per a filing with the BSE, Pitti pledged...
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Exclusive: InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley,...
InCred Group’s lending arm, InCred Finance, has raised a debt funding of INR 400 Cr (around $46.8 Mn) from Morgan Stanley, Nippon Life India, among others. Besides, it bagged an equity funding of INR...
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Swiggy Block Deal: BNP Paribas Acquires Shares Worth INR 122 Cr
In a major block deal today, Citigroup Global Markets sold around 3,20,421 shares of foodtech major Swiggy at a price of INR 381 per share. BNP Paribas Financial Markets stepped in as the buyer,...
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From Mattress To Everything: Analysing Wakefit’s INR 1,000 Cr Furniture Biz
India’s mattress industry, which is usually not in the spotlight, finds itself in a strange new place in 2025. Almost a decade after Sheela Foam, the parent company of popular mattress brand Kurlon and...
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Inside Wakefit’s INR 1K Cr Biz, InCred Nets INR 440 Cr & More
Inside Wakefit’s INR 1K Cr Biz Wakefit isn’t what it was four years ago. Although a young player in India’s entrenched mattress market, the D2C brand has strategically diversified over the past few...
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BlackBuck Subsidiary Gets PPI Licence From RBI
Listed logistics major BlackBuck parent Zinka Logistics’ subsidiary has secured a prepaid paid instruments (PPI) licence from the Reserve Bank Of India (RBI). In an exchange filing today, the company...
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Lenskart Invests In AjnaLens To Develop AI-Powered Smart Glasses
IPO-bound omnichannel eyewear giant Lenskart has made a strategic investment in Mumbai-based deeptech startup AjnaLens to develop AI-powered smart glasses. In a statement, Lenskart said the acquisition...
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Karnataka Goes All Out To Curb Fake News, But At What Cost?
In a country where over 600 Mn people actively use WhatsApp and around 240 Mn use Facebook, social media has become a potent weapon, thanks to the speed at which information spreads across platforms,...
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Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue
Electric mobility startup Yulu is raising INR 70 Cr (about $8.2 Mn) from its cofounders and existing investors via a rights issue. As per the startup’s regulatory filings accessed by Inc42, Yulu’s...
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ArisInfra Shares Surge Nearly 8% After Co Bags INR 100 Cr Order
After being on a downward trend since its listing on the bourses, shares of ArisInfra Solutions rose 7.8% to close today’s session at INR 172.65. During the intraday trading, the stock zoomed as much...
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Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme
The Centre reportedly plans to launch an INR 2,000 Cr ($234 Mn) incentive programme to boost drone manufacturing in the country. As per Reuters, the incentive scheme will span a period of three years...
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