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Meesho misses profit by a whisker; launch of logistics arm cuts cost

TMT

30 October, 2024

Meesho misses profit by a whisker; launch of logistics arm cuts cost

Prosus-backed homegrown ecommerce player Meesho, which competes with the likes of Amazon and Walmart-owned Flipkart, cut its adjusted losses by ......

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Bottomline: Udaan's NBFC struggles to scale up, faces asset quality concerns

Finance

30 October, 2024

Bottomline: Udaan's NBFC struggles to scale up, faces asset quality concerns

Hiveloop Capital Pvt. Ltd, the lending arm of business-to-business e-commerce unicorn Udaan, is increasingly tapping borrowers unrelated to its parent ......

Peak XV, Neotribe Venture invest $4.5 mn in AI startup Auquan

TMT

29 October, 2024

Peak XV, Neotribe Venture invest $4.5 mn in AI startup Auquan

AI-driven data analytics startup Auquan has raised $4.5 million in its seed funding round, led by Peak XV’s Surge, with participation ......

Nexus Venture leads large seed funding round of former PayU chief's startup

TMT

29 October, 2024

Nexus Venture leads large seed funding round of former PayU chief's startup

Venture capital firm Nexus Venture Partners has led one of the largest seed funding rounds of the year, betting on ......

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SoftBank-backed Juspay gets a markup as valuation jumps to new high

TMT

29 October, 2024

SoftBank-backed Juspay gets a markup as valuation jumps to new high

Juspay Technologies Pvt Ltd, a payment technology platform used by companies such as BookMyShow, Swiggy, Amazon and Flipkart, has received ......

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

TMT

29 October, 2024

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

Food and grocery delivery platform Swiggy Ltd has increased the fresh issue in its upcoming initial public offering (IPO), while ......

Inflection Point bets on Coox; DearMe gets funding from ah! Ventures

TMT

28 October, 2024

Inflection Point bets on Coox; DearMe gets funding from ah! Ventures

Home services platform COOX and skincare company Dear Me have secured early stage funding.   COOX  COOX said Monday it has raised $125,000 ......

Softbank-backed ElasticRun trims loss as focus on regional brands improves margins

TMT

28 October, 2024

Softbank-backed ElasticRun trims loss as focus on regional brands improves margins

Business-to-business e-commerce platform ElasticRun cut its losses by about half in the financial year ended March 2024, as a shift ......

B2B ecommerce unicorn Udaan raises fresh debt

TMT

28 October, 2024

B2B ecommerce unicorn Udaan raises fresh debt

B2B ecommerce platform Udaan Monday said it has raised around Rs 300 crore in debt financing from venture debt investors ......

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Tiger Global-backed Classplus eyes M&As, new offerings as cash burn reduces

TMT

28 October, 2024

Tiger Global-backed Classplus eyes M&As, new offerings as cash burn reduces

Classplus, an edtech startup backed by several venture capital investors such as Blume Ventures and Tiger Global, has enough dry ......