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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 ......

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 ......

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

TMT

28 October, 2024

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of ......

Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

TMT

21 October, 2024

Retail group seeks antitrust probe of Swiggy, Blinkit, Zepto

India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, ......

TPG's Rise Fund leads Series F funding in Eruditus at $3 bn valuation

TMT

18 October, 2024

TPG's Rise Fund leads Series F funding in Eruditus at $3 bn valuation

Edtech startup Eruditus has raised $150 million in a fresh funding round led by American private equity firm TPG’s impact ......

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Grapevine: Oyo, Samara-backed Marengo eye funding; Table Space weighs IPO

General

15 October, 2024

Grapevine: Oyo, Samara-backed Marengo eye funding; Table Space weighs IPO

Oravel Stays, the parent company of SoftBank-backed Oyo, is in preliminary talks to secure $200 million (about Rs 1,680 crore) ......

Govt orders audit of Ola Electric's service centres after consumer complaints

Consumer

10 October, 2024

Govt orders audit of Ola Electric's service centres after consumer complaints

India's heavy industries ministry has ordered an audit of Ola Electric's service centres, ratcheting up pressure on the e-scooter maker which is ......

Ola Electric shares tumble after founder's spat with comedian Kunal Kamra

Infrastructure

07 October, 2024

Ola Electric shares tumble after founder's spat with comedian Kunal Kamra

Ola Electric's shares tumbled 9% on Monday after a public spat between the founder of India's biggest e-scooter maker and ......

Swiggy gets shareholder nod to upsize IPO fresh issue

TMT

04 October, 2024

Swiggy gets shareholder nod to upsize IPO fresh issue

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size ......

SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

TMT

01 October, 2024

SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

India's top electric scooter maker Ola Electric logged its lowest monthly sales this year in September, government data showed, as ......