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OYO Parent PRISM Nets INR 50 Cr For Premium Hotels Expansion Ahead Of IPO

India, Sept. 23 -- En route to an initial public offering (IPO), hospitality major OYO's parent PRISM has raised INR 50 Cr ($5.6 Mn) for its premium hotels subsidiary Sunday PropTech. The round was le... Read More


Swiggy To Offload Rapido Stake To Prosus, Westbridge For INR 2,400 Cr

India, Sept. 23 -- Foodtech major Swiggy has approved the sale of its stake in bike-taxi startup Rapido to private equity firm Westbridge and Prosus for about INR 2,400 Cr. In its filings with the ex... Read More


Swiggy To Sell Rapido Stake To Prosus, Westbridge For INR 2,400 Cr

India, Sept. 23 -- Foodtech major Swiggy has approved the sale of its stake in bike-taxi startup Rapido to private equity firm Westbridge and Prosus for about INR 2,400 Cr. In its filings with the ex... Read More


SEBI To Relax Norms On Technical Glitches For Stock Brokers

India, Sept. 22 -- The Securities and Exchange Board of India (SEBI) has proposed to ease its framework for reporting "technical glitches" at online stock brokerages to streamline errors for online tr... Read More


Pernia's Pop Up Shop Files DRHP For INR 660 Cr IPO

India, Sept. 22 -- Pernia's Pop Up Shop parent Purple Style Labs has filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) that will solely consist of a fresh is... Read More


Aequs Gets SEBI Nod For Its Confidential DRHP

India, Sept. 22 -- Belgaum-based contract manufacturing company Aequs has received SEBI's nod for its DRHP, filed via the pre-filing route. According to SEBI's weekly processing report, it issued obs... Read More


PhonePe FY25: Loss Narrows 13.5% To INR 1,727 Cr, Revenue Crosses INR 7,000 Cr Mark

India, Sept. 22 -- IPO-bound fintech major PhonePe's revenue crossed the INR 7,000 Cr mark in FY25, as its operating revenue zoomed 40.5% to INR 7,114.8 Cr from INR 5,064.1 Cr in the previous year. O... Read More


BFSI-Focussed AI Startup OnFinance Raises $4.2 Mn

India, Sept. 22 -- Bengaluru-based OnFinance AI has raised $4.2 Mn (about INR 37 Cr) in its pre-Series A round led by Peak XV's Surge. The round also saw participation from Groww Founders' Fund, MarsS... Read More


IPO-Bound PhonePe Gets Final Nod To Operate As Payment Aggregator

India, Sept. 19 -- Walmart-owned fintech PhonePe has received the final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). The development comes over t... Read More


FirstCry Pumps Another INR 20 Cr Into GlobalBees, Raises Stake To 51.68%

India, Sept. 19 -- Continuing its spree of investments in GlobalBees, kids-focussed omnichannel company FirstCry has now announced a further investment of about INR 20 Cr. In an exchanges filing, the... Read More