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Govt Committee Gives Clean Chit To Hero Electric, Okinawa Autotech In FAME Violation Case

India, April 27 -- A Ministry of Heavy Industries committee has given clean chit to Hero Electric and Okinawa Autotech of any breaches of the phased manufacturing programme (PMP) guidelines under the ... Read More


Gaming Startup WinZO's FY23 Revenue Surges Nearly 3X To INR 674 Cr

India, April 26 -- Online gaming startup WinZO saw its consolidated operating revenue zoom nearly 3X to INR 673.94 Cr in the financial year ended March 31, 2023 (FY23). The Delhi NCR-based gaming majo... Read More


JioCinema Cuts Subscription Prices For Premium Content Posing Tougher Challenge For Netflix, Amazon

India, April 25 -- Reliance-backed streaming platform JioCinema has unveiled new subscription offering, JioCinema Premium, to take on Netflix, Amazon Prime Video, apart from domestic rivals in the OTT... Read More


Temasek, Fidelity In Final Talks To Inject $200 Mn Into Lenskart

India, April 25 -- Singapore state investment firm Temasek and US-based Fidelity are in final discussions to infuse around $200 Mn into Lenskart through a secondary share sale, valuing the omnichannel... Read More


PhonePe Channelled Majority Of Past Year's Investment Into Insurance Vertical

India, April 24 -- Walmart-owned fintech major PhonePe, which continues to be the biggest player in the UPI payments space after Google Pay, has infused over INR 800 Cr into its subsidiaries over the ... Read More


Macquarie To Fuel India's EV Fleet Electrification With $1.5 Bn Investment

India, April 23 -- Australia's Macquarie Group's investment arm, Macquarie Asset Management, is set to inject $1.5 Bn (around INR 12,500 Cr) into India's electric vehicle space via its recently unveil... Read More


Ather Energy In Talks For New Fundraise, Nikhil Kamath Buys Part Of Sachin Bansal's Holding

India, April 23 -- Ather Energy, an electric two-wheeler manufacturer, is reportedly seeking substantial funding through a combination of primary and secondary share sales. Existing investor Sachin B... Read More


Ather Energy In Talks For New Fundraise, Nikhil Kamath To Buy Part Of Sachin Bansal's Holding

India, April 23 -- Ather Energy, an electric two-wheeler manufacturer, is reportedly seeking substantial funding through a combination of primary and secondary share sales. Existing investor Sachin B... Read More


Honasa Consumer's Skincare Brand The Derma Co Hits ARR Of INR 500 Cr

India, April 22 -- The Derma Co, a skincare brand from Mamaearth's parent company Honasa Consumer, clocked its annual revenue rate of INR 500 Cr. Moreover, The Derma Co sold over 1 Cr units in the la... Read More


Zomato Hikes Platform Fee To INR 5, Shares Jump 4%

India, April 22 -- Foodtech giant Zomato has hiked its platform fee by 25% to INR 5 per order and also suspended its intercity delivery service Intercity Legends. Zomato has increased the platform fe... Read More