The travel technology giant led by Ritesh Agarwal OYO has reported its first profit after tax (PAT) of Rs 229 crore for the financial year 2024 (FY24). This marks a significant turnaround from the previous year, when the company posted a loss of Rs 1,286 crore. The positive turnaround was driven by strict cost-cutting measures … Read more
FASHOR, a direct-to-consumer (D2C) women’s apparel brand, has raised $5 million in funds of Blume Companies in a mix of primary and secondary transactions. The startup plans to use this investment to boost its omnichannel growth and improve its brand presence and strengthen its supply chain. What does FASHOR do? Founded in 2017 by Vikram … Read more
Australian fintech company Ziksu has partnered with Indian fintech company Elanistech, which offers innovative financial services solutions designed exclusively for Indian students pursuing higher education abroad, specifically in Australia. The partnership between Ziksu and Elanistech aims to launch a fintech platform for Indian students studying in Australia, offering comprehensive financial solutions and a unified platform … Read more
Digital financial services provider PayU has partnered with Fynd, a Reliance-owned retail technology company, to improve pay experiences for merchants across the country. The partnership aims to help merchants adopt digital approaches and unlock new revenue opportunities. The collaboration aligns with both companies’ goals of empowering businesses by offering advanced payment solutions and improving the … Read more
The major fintech company led by Vijay Shekhar Sharma from Paytm One97 Communications Ltd has been fined Rs 47.1 lakh by the Office of the Collector of Stamps, New Delhi. The fine was imposed because the company failed to pay stamp duty on the allotment of capital shares in previous years. The penalty is in … Read more
4 minutes reading time Last update: August 14, 2024 | 16:45 IS Despite the 28 percent Goods and Services Tax (GST) levied on online gaming, Games24x7, a unicorn gaming company, is investing heavily in product improvements to increase user engagement and retention. The company aims to keep users engaged with new offerings, including fantasy sports, … Read more
Bengaluru-based all-electric intercity bus startup Fresh Bus has raised Rs 87.5 crore (or around $10.5 million) in a Series A round funds round. The round was led by Maniv, an international early-stage venture capital fund focused on transportation. Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings also participated in the round. Purpose of fundraising … Read more
Byju’s insolvency: India’s Supreme Court has reinstated insolvency proceedings against education technology giant Byju’s, reversing a previous court’s decision. The move marks a victory for US lenders who claim the company owes them $1 billion. The ruling is a major setback for Byju Raveendran, the company’s founder, who recently regained control of the startup, valued … Read more
Zerodha Co-Founder and CEO Nithin Kamath in a recent post on unknown (before Twitter), congratulated Electric WaveUnicommerce and First Cry in their successful list. “Congratulations to Ola Electric, Unicommerce and First Cry on the listing. Based on the listing, it seems that investors are happy,” Kamath wrote. Congratulations to Ola Electric, Unicommerce and First Cry … Read more
4baseCare, a Bengaluru-based healthcare startup focused on precision oncology, has raised $6 million in a Series A round funds round led by Capital of Yaliwith the participation of others investors. The startup will use the capital raised to enhance its product offering and scale up its operations for further expansion across India as well as … Read more
