India, Sept. 13 -- Myntra, the fashion ecommerce arm of Flipkart, saw its net profit zoom about 18X to INR 548 Cr in FY25 from INR 31 Cr in the previous fiscal year due to improvement in margins. The... Read More
India, Sept. 12 -- The Karnataka High Court (HC) has reportedly directed the state's commercial taxes department to refund INR 16.11 Cr to Flipkart India. The ecommerce giant had paid the amount as pa... Read More
India, Sept. 12 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of INR 21 Lakh on IPO-bound PhonePe Limited for violating norms related to Prepaid Payment Instruments (PPIs). "The p... Read More
India, Sept. 12 -- A day after FirstCry announced further investment in GlobalBees, the rollup subsidiary announced an investment of INR 8.9 Cr in its portfolio brand HealthyHey Foods. With this, Glob... Read More
India, Sept. 12 -- Insurtech startup InsuranceDekho slipped into loss in the financial year ended March 2025 despite strong revenue growth. The Gurugram-based startup reported a net loss of INR 47.5 C... Read More
India, Sept. 12 -- In the run-up to its IPO, Turtlemint's insurance arm, Turtlemint Insurance, slipped into the red in the financial year ended March 2025. The insurtech startup posted a net loss of I... Read More
India, Sept. 12 -- Defunct electric ride-hailing startup BluSmart's official website domain "blu-smart.com" is now up for sale. A quick check of the BluSmart website revealed that visitors to the site... Read More
India, Sept. 11 -- About a year after announcing after allowing startups to reverse flip without seeking approval from the National Company Law Tribunal (NCLT), the Ministry of Corporate Affairs (MCA)... Read More
India, Sept. 11 -- Delhi NCR-based gaming startup Zupee is laying off around 170 employees, nearly 30% of its workforce, as part of a restructuring exercise following the ban on real money gaming. "T... Read More
India, Sept. 9 -- Coworking space provider DevX (Dev Accelerator Ltd) has raised INR 63.2 Cr from anchor investors ahead of its initial public offering (IPO). The company allotted over 1 Cr equity sha... Read More