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Jumbotail-Solv Deal: Zero Profits, 2X Valuation Jump, Questions Galore

India, April 22 -- "This is not true, we are not acquiring or merging with Solv," Jumbotail cofounder and CEO Karthik Venkateswaran told Inc42 in late December 2024, when Inc42 reached out for a comme... Read More


Exclusive: PE Firm Eversource Capital In Talks To Acquire BluSmart

India, April 19 -- Climate-focussed PE firm Eversource Capital is in talks to acquire BluSmart, which is in trouble following the crisis at its related entity Gensol, sources told Inc42. Eversource h... Read More


Exclusive: Elevation Capital-Backed Zopper Fires 100 Employees

India, April 17 -- Insurance-focussed SaaS startup Zopper has laid off around 100 employees since the start of 2025, with the latest round of firing taking place earlier this week, sources told Inc42.... Read More


BluSmart Cab Services Unavailable In Delhi NCR, Bengaluru, Mumbai

India, April 16 -- Troubled ride-hailing startup BluSmart seems to have suspended cab scheduling services in all the cities it operates in - Delhi NCR, Mumbai, and Bengaluru. The startup's app is sho... Read More


SEBI Bars Gensol Promoters From Holding Position Of Director

India, April 15 -- Markets regulator SEBI has barred the promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from holding the position of director or key managerial personnel of... Read More


SEBI Bars Gensol's Jaggi Brothers From Markets For Treating Company's Funds As Their 'Piggybank'

India, April 15 -- Markets regulator SEBI has barred the promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from holding the position of director or key managerial personnel of... Read More


Exclusive: Sanjeev Kapoor's Wonderchef Eyes IPO At INR 1,800 Cr Valuation

India, April 15 -- Renowned chef Sanjeev Kapoor's Wonderchef is looking to go public this year, becoming the latest Indian startup to join the IPO race. The Mumbai-based startup is eyeing a valuation... Read More


What Triggered Ecom Express' $165 Mn Fire Sale To Delhivery?

India, April 12 -- Last week, the Indian startup ecosystem witnessed a different kind of distress sale. Typically speaking, such deals involve companies going through a downturn, but this time it was ... Read More


Exclusive: Sweet Karam Coffee Bags $8 Mn From Peak XV, Fireside Ventures

India, April 3 -- Chennai-based D2C snacking brand Sweet Karam Coffee has raised $8 Mn in its Series A funding round led by Peak XV Partners. The round also saw participation from existing investor Fi... Read More


Fresh Trouble For BluSmart As Refex Drops Gensol's EV Fleet Acquisition Plan

India, March 28 -- There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development, Refex Industries has terminated its deal to acquire 2,997 electric veh... Read More