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leap.club Halts Operations Due To Funding Crunch, Retention Challenges

India, May 15 -- After raising $2.3 Mn since its inception in 2020, women-only community startup leap.club is halting its operations due to high customer acquisition costs and retention challenges. T... Read More


Ashwini Vaishnaw Unveils Design Facilities To Boost India's Semiconductor Production

India, May 14 -- To boost India's semiconductor landscape, IT minister Ashwini Vaishnaw has unveiled two new state-of-the-art design facilities in Noida and Bengaluru. During the inauguration, Vaishn... Read More


Amazon-Backed More Retail Plans To Raise INR 2,000 Cr Via IPO: Report

India, May 13 -- Supermarket retailer More Retail is reportedly planning to raise around INR 2,000 Cr through its public listing, which is expected to take place next year. An ET report, citing More ... Read More


DoT Finalising Satellite Spectrum Allocation Rules Soon: Report

India, May 12 -- The Department of Telecommunications (DoT) is reportedly looking to finalise the satellite spectrum allocation rules soon and share the draft for comments with the shareholders. As p... Read More


Healthtech startup Avammune Bags $12 Mn From Capital 2B, Others

India, May 12 -- Healthtech startup Avammune Therapeutics has raised $12 Mn (INR 100 Cr) as a part of its Series A funding round co-led by Capital 2B, Shastra VC and Kotak Alternate Asset Managers' Li... Read More


FamApp Overtakes Amazon Pay In April's UPI Count, PhonePe Continues To Lead

India, May 12 -- FamApp By Trio (erstwhile FamPay) surpassed Amazon Pay to become the eighth biggest Unified Payment Interface (UPI) player in April. The Bengaluru-based FamApp recorded nearly 10 Cr ... Read More


Vedantu Achieves Profitability In Q4 FY25: CEO Vamsi Krishna

India, May 9 -- Edtech startup Vedantu achieved profitability in the March quarter of the fiscal year 2024-25 (Q4 FY25), with collections surging 67% year-on-year (YoY) to INR 90 Cr, cofounder and CEO... Read More


Not Opposed To Prospective Levy Of 28% GST: Gaming Cos To SC

India, May 8 -- Amid the goods and services tax (GST) turmoil, the online gaming companies have reportedly told the Supreme Court that the industry does not oppose the prospective levy of 28% GST on t... Read More


'Not Opposed To Prospective Levy Of 28% GST': Gaming Cos To SC

India, May 8 -- Amid the goods and services tax (GST) turmoil, the online gaming companies have reportedly told the Supreme Court that the industry does not oppose the prospective levy of 28% GST on t... Read More


Nazara's Absolute Sports Buys Two Titan Insider Owned Digital IPs

India, May 7 -- Gaming major Nazara Technologies' subsidiary Absolute Sports is set to acquire two of Titan Insider Digital IPs - TJRWrestling.net and ITRWrestling.com in an all cash deal. Absolute S... Read More