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Mint Explainer | Why Aakash's Rs.250-crore fundraise is now a proxy fight over Byju's ownership

New Delhi, Dec. 1 -- Crisis-hit Aakash Educational Services Ltd (AESL) thought a Rs.250-crore rights issue would be its big reset after senior exits and a swing to losses in FY23. The test-prep chain,... Read More


PayU India turns Ebitda positive in Jul-Sep qtr

Bengaluru, Nov. 25 -- Payment services provider PayU India turned profitable in the September quarter, with adjusted Ebitda turning positive at $3 million from a loss of $6 million a year ago largely ... Read More


Advent sells entire 2% stake in Aditya Birla Capital for Rs.1,640 crore via block deal

BENGALURU, Oct. 29 -- US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about Rs.1,638-1,640 crore. ... Read More


Kuku raises $85 million in Granite Asia-led Series C round

Bengaluru, Oct. 16 -- Vernacular streaming platform Kuku (Mebigo Labs Pvt. Ltd) has raised $85 million more as part of its Series C round led by multi-asset investment platform Granite Asia (formerly ... Read More


Kuku FM raises $85 million in Granite Asia-led Series C round

Bengaluru, Oct. 16 -- Vernacular streaming platform Kuku has raised $85 million more as part of its Series C round led by multi-asset investment platform Granite Asia (formerly GGV Capital), with part... Read More


Lenskart, Wakefit get SEBI nod for IPO

Bengaluru, Oct. 7 -- Lenskart Solutions Ltd and Wakefit Innovations Ltd have secured the market regulator's approval for initial public offerings. The Securities and Exchange Board of India (SEBI) has... Read More


Lenskart, Wakefit win Sebi nod for their IPO

Bengaluru, Oct. 6 -- Lenskart Solutions Ltd and Wakefit Innovations Ltd have secured the market regulator's approval for their initial public offering of shares. The Securities and Exchange Board of ... Read More


RMG apps eye ad-backed return, but pricing and brand intent cloud the pitch

New Delhi, Oct. 5 -- Dream11 is relaunching as a free‑to‑play, ad‑supported fantasy platform even as the comeback raises a harder question of how to replace commissions from paid con... Read More


Gaming apps eye ad-backed returns, but pricing and brand intent cloud the pitch

New Delhi, Oct. 5 -- Dream11 is relaunching as a free‑to‑play, ad‑supported fantasy platform even as the comeback raises a harder question of how to replace commissions from paid con... Read More


Namma Yatri hitches a growth ride, cabs racing ahead

Bengaluru, Sept. 30 -- Mobility startup Namma Yatri, which had started off as an on-demand auto-rickshaw booking platform three years ago, now derives a chunk of its revenue from four-wheeler cabs as ... Read More