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DevX Raises INR 63 Cr From Anchor Investors Ahead Of IPO

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


Minute Media Acquires Binny Bansal-Backed VideoVerse

India, Sept. 9 -- Binny Bansal-backed SaaS startup VideoVerse has been acquired by US-based digital media publisher Minute Media for an undisclosed amount. While the size of the acquisition wasn't rev... Read More


[Update] Ola Electric Responds To Auditor Flags, Says No Material Impact

India, Sept. 9 -- Update | September 9, 16:48 Responding to the auditor's report on weak internal financial controls at one of its subsidiaries, Ola Electric said in an exchange filing that the obser... Read More


[Update] Ola Electric's Responds To Auditor Flags, Says No Material Impact

India, Sept. 9 -- Update | September 9, 16:48 Responding to the auditor's report on weak internal financial controls at one of its subsidiaries, Ola Electric said in an exchange filing that the obser... Read More


After US Import Ban, Ultrahuman Plans Redesigned Smart Ring

India, Sept. 8 -- Days after the US International Trade Commission (ITC) ruling imposed an import ban on its smart rings, wearables and fitness company Ultrahuman is now recalibrating its US hardware ... Read More


PhysicsWallah Files Updated DRHP For INR 3,820 Cr IPO

India, Sept. 7 -- Edtech unicorn PhysicsWallah has filed its updated draft red herring prospectus with SEBI to raise INR 3,820 Cr through its initial public offering (IPO). The IPO will include a fre... Read More


Turtlemint Confidentially Files IPO Papers With SEBI

India, Sept. 6 -- Insurtech startup Turtlemint has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). ". The company has filed the pr... Read More


Ola Electric's Auditor Flags Inventory Control Lapses, Employee Fraud In FY25

India, Sept. 5 -- In Ola Electric's FY25 annual report, its statutory auditors flagged 'material weakness' for in-physical verification of scooters at its stores and state distribution centres for one... Read More


Tiger Global Offloads IPO-Bound Urban Company's Shares Worth INR 330 Cr

India, Sept. 5 -- Tiger Global offloaded Urban Company's shares worth INR 329.7 Cr via secondary transactions earlier this week, marking one of the largest pre-IPO stake sales this year. As per an ad... Read More


Exclusive: Gupshup Lays Off 100+ Employees In Cost-Cutting Exercise

India, Sept. 4 -- Conversational AI company Gupshup has carried out another round of layoffs, this time letting go of at least 100 employees, including junior developers, as per sources. The move come... Read More