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[Update] Ola's AI Arm Krutrim Denies Report Of $300 Mn Fundraising Plan

India, April 21 -- Update | April 21, 05:00 PM Bhavish Aggarwal's artificial intelligence venture Krutrim has denied a recent media report about the company's plans to raise $300 Mn (around INR 2,561... Read More


Bhavish Aggarwal In Talks To Raise $300 Mn For Krutrim: Report

India, April 21 -- Ola founder Bhavish Aggarwal is reportedly seeking to raise up to $300 Mn (around INR 2,561 Cr) in a mix of equity and debt for his artificial intelligence firm Krutrim. A Mint rep... Read More


KRAFTON India Picks Six Startups For Second Cohort Of Incubation Programme

India, April 21 -- South Korean gaming major KRAFTON's India arm has reportedly picked six game studios across the country for its second cohort of incubation programme. The studios, selected from ar... Read More


Nykaa Allots Shares Worth INR 32.24 Lakh Under ESOP Schemes

India, April 21 -- Beauty and fashion major Nykaa's parent FSN E-Commerce Ventures has allotted 17,010 equity shares under its employee stock option schemes (ESOP). In an exchange filing today, Nykaa... Read More


Xpressbees' Loss Widens 11% To INR 200 Cr In FY24

India, April 19 -- Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line. The startup, which ... Read More


Electronics Component Scheme To Be Launched Soon: Vaishnaw

India, April 19 -- Days after the Union Cabinet approved the PLI scheme for electronics components, Union Minister Ashwini Vaishnaw has said that the guidelines for the scheme have been finalised and ... Read More


JetSynthesys Bags Funding From KRAFTON

India, April 17 -- Pune-based digital entertainment and technology company JetSynthesys has reportedly secured an undisclosed capital from South Korean gaming giant KRAFTON. An ET report said that th... Read More


Delhivery Shares Rally 7% Intraday

India, April 17 -- Shares of logistics major Delhivery jumped 7.3% to INR 282.05 apiece during the intraday trading session on the BSE today. The stock was up INR 280.70 per share on the BSE, as of 1... Read More


Google Suspends 2.9 Mn Ad Accounts In India Citing Policy Violation

India, April 17 -- Alphabet-owned Google said it removed 247.4 Mn advertisements and suspended nearly 2.9 Mn advertiser accounts in India last year for violating its advertisement policy. Globally, t... Read More


Unicommerce CTO Bhupinder Garg Resigns

India, April 16 -- Unicommerce's chief technology officer Bhupinder Garg has stepped down from his role citing personal reasons. In a letter to the company, Garg said, "I hereby tender my resignation... Read More