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DevX IPO: Issue Oversubscribed 9.4X On Day 2

India, Sept. 11 -- After ending the first day of its IPO with an oversubscription of 5.3X, driven primarily by retail investors, coworking space provider DevX's public issue gained further momentum on... Read More


CarTrade Shares Tumble Over 18% After JM Financial Downgrades Rating To 'Sell'

India, Sept. 10 -- Shares of listed car reselling platform CarTrade crashed over 18% to INR 2,222.35 during the intraday on the BSE today. The sharp decline came after JM Financial reportedly downgrad... Read More


Karnataka Allocates Land For Quantum City Near Bengaluru

India, Sept. 8 -- After launching the INR 1,000 Cr Quantum Mission, the Karnataka government has approved allocation of 6.17 acres of land in Hesaraghatta in Bengaluru to build a Quantum City (QCity).... Read More


PhonePe To File Confidential IPO Papers This Month: Report

India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025. The fintech company is aiming to raise between $1.2 ... Read More


PhonePe To File Confidential IPO Papers Soon: Report

India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025. The fintech company is aiming to raise between $1.2 ... Read More


L Catterton's India-Focussed Consumer Fund Marks First Close At $200 Mn

India, Sept. 5 -- L Catterton's India-focussed consumer fund has reportedly marked its first close at $200 Mn (about INR 1,760 Cr). The investment vehicle, L Catterton India Fund (Fund I or the Fund)... Read More


Now, A23 Parent Head Digital Works To Lay Off 500 Employees

India, Sept. 4 -- Following in the footsteps of MPL, PokerBaazi and Games24x7, online gaming platform A23's parent Head Digital Works is laying off around 500 employees. The company is letting go of ... Read More


E2E Networks Gets INR 177 Cr Order From IndiaAI Mission To Allocate GPUs

India, Sept. 3 -- AI-focussed cloud service provider E2E Networks has received a contract letter from IndiaAI Mission to provide graphics processing unit (GPU) resources worth INR 177 Cr to AI startup... Read More


LeafyBus Secures $4.1Mn Funding To Add To Electric Bus Fleet

India, Sept. 2 -- Intercity electric bus platform LeafyBus has raised $4.1 Mn in Pre-Series A funding from Enetra EV, backed by Singapore-based Impact Capital Asia Management (ICAM). The Delhi-based ... Read More


E2W Registrations: China's Curbs Hit Bajaj In Aug, Ola Electric Reclaims Second Spot

India, Sept. 1 -- With the shortage of rare earth magnet taking a toll on Bajaj Auto, the electric two-wheeler (E2W) leaderboard saw a major reshuffle in August in terms of registrations. While Bajaj ... Read More