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Exclusive: Purplle Gets INR 100 Cr Infusion From Parent

India, March 4 -- Beauty ecommerce unicorn Purplle has secured fresh capital of INR 99.88 Cr (around $11.43 Mn) from its parent Manash E-commerce Private Limited. Regulatory documents sourced from th... Read More


Exclusive: Purplle Parent Infuses INR 100 Cr In Beauty Ecommerce Unicorn

India, March 4 -- Beauty ecommerce unicorn Purplle has secured fresh capital of INR 99.88 Cr (around $11.43 Mn) from its parent Manash E-commerce Private Limited. Regulatory documents sourced from th... Read More


Paytm Parent Failed To Inform RBI About Foreign Investment: ED

India, March 3 -- The Enforcement Directorate (ED) said that it issued a show cause notice to fintech giant Paytm for alleged Foreign Exchange Management Act (FEMA) violations as its parent One97 Comm... Read More


Ola Electric Shares Tank 5%, Hit All-Time Low Amid Reports Of Mass Layoffs

India, March 3 -- Shares of Ola Electric Mobility tanked over 5% to hit a fresh all-time low of INR 53.71 apiece on the BSE on Monday (March 3) amid reports that the Bhavish Aggarwal-led company is pl... Read More


Zomato, Paytm Featured In Nifty India Internet & Ecommerce Index

India, March 3 -- Twelve new-age tech stocks under Inc42's coverage, including the likes of Zomato, Paytm and Nykaa, CarTrade and Nazara have featured in the newly-launched Nifty India Internet & Ecom... Read More


NSE Launches Nifty India Internet & Ecommerce Index

India, March 3 -- Amid the rise of new-age tech companies in the country, stock exchange NSE's wholly owned subsidiary NSE Indices has launched the 'Nifty India Internet & Ecommerce Index'. The themat... Read More


Google Leveraging Satellite Imagery To Build Agri Stack For India

India, March 1 -- With an eye on Indian farmers, tech giant Google is reportedly building a digital agri stack, which will leverage satellite imagery to help map the boundaries of individual farms, mo... Read More


EV Two-Wheeler Registrations Slip 27% MoM In February, Bajaj Takes Top Spot

India, March 1 -- Two-wheeler electric vehicle (EV) registrations in the country slipped 27% to hit a 10-month low of 71,847 units in February as compared to 98,246 units in the previous month, as per... Read More


Perfora's FY24 Revenue Zooms 180% YoY To INR 42 Cr

India, Feb. 28 -- Direct-to-consumer (D2C) oral care startup Perfora's operating revenue skyrocketed 180% to INR 42.2 Cr in the financial year 2023-24 from INR 15.1 Cr in the previous fiscal year amid... Read More


Exclusive: Moglix Raises $12 Mn Via Preferential Shares

India, Feb. 27 -- Tiger Global-backed B2B ecommerce unicorn Moglix has raised INR 107.58 Cr (around $12.3 Mn) in multiple tranches through issuance of preferential shares since December last year, its... Read More