SoftBank Investment Advisors co-CEO Alex Clavel ranks India among its best-performing markets, thanks to a wave of public listings by its portfolio companies. “India is the most successful IPO market in the world in 2024,” he said during an exclusive interaction with ET at SoftBank’s Mumbai office. “Others, including the United States, have not seen … Read more
fintech unicorn bharatpe The group has partnered with the NASCOM Foundation to support 1,500 women businessmen across Maharashtra. The collaboration seeks to formalize companies run by rural women, providing them with the tools and resources necessary to grow and enter the formal economy. Targeting six key districts in Maharashtra The initiative, under the ‘Formal Registration … Read more
Honasa Consumer Limited, the parent company of well-known brands such as Mamaearth, The Derma Co., Aqualogica, Bblunt and Dr. Sheth’s, has appointed Kaustav Guha as Vice President, Research and Development (R&D). This strategic appointment is part of Honasa’s efforts to enhance its R&D capabilities and foster innovation across its portfolio of purpose-built beauty and wellness … Read more
With the aim of strengthening its investigation and development capabilities (R&D), Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, has appointed Kaustav Guha as vice president of research and development. A student of IIT KharagpurGuha will lead the company’s R&D initiatives and product formulations across Honasa’s portfolio of brands, including AqualogicaHe … Read more
Bengaluru-based fintech giant TelephonePe has crossed a major milestone by registering revenue of Rs 5,064 crore for the fiscal year ending March 2024. This marks an increase of 74% from Rs 2,914 crore in FY23. The company’s revenue growth is mainly attributed to its payment services and significant interest income of Rs 661 crore, which … Read more
PB Fintechthe parent entity of Policy Bazaar and money markethas secured the aggregator of accounts of non-banking financial companies (NBFC-AA) license from the Reserve Bank of India (driven) for a wholly owned subsidiary entity. in a stock market presentation On Monday, the Gurugram-based company said it received the registration certificate on October 21. The business … Read more
Titan Capital, an early-stage investment firm co-founded by Snapdeal’s Kunal Bahl and Rohit Bansal, has taken the final close of its Winners’ Fund at Rs 333 crore. The new fund will primarily support the company’s existing portfolio companies during later-stage financing rounds. Titan Capital raised Rs 200 crore for the fund in August 2024, but … Read more
A passion for building a transformative company, rather than the mere pursuit of wealth, is what drove the success of Zepto, the company with a $5 billion market valuation, co-founder and CEO. Aadit Palicha he said Monday. Speaking at the NDTV World Summit, the 22-year-old businessman said that despite working 80 to 100 hours a … Read more
UPI payments giant PhonePe has launched a new insurance plan to provide coverage in case of firecracker-related accidents during the festive season. The scheme aims to protect users from the financial burden of hospitalization and accidental death expenses due to firecracker injuries. This short-term insurance plan is priced affordably at INR 9 and offers coverage … Read more
Specialization in digital payments TelephonePe reported a 73% rise in operating income to Rs 5,064 crore for fiscal 2024, from Rs 2,914 crore a year ago. Its net loss for the year fell 28% to Rs 1,996 crore from Rs 2,795 crore in the previous fiscal year. Its overhead expenses increased by 31% to Rs … Read more
