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MobiKwik's Sombre Q4, Nazara's Acquisition Spree & More

India, May 21 -- Staganation Bites MobiKwik's Q4 MobiKwik has reported a sombre Q4 FY25. The fintech major's net loss zoomed 83.5X YoY to INR 56.03 Cr while operating revenue remained flat, up a mere... Read More


India To See Fastest Satcom Rollout In The World: Telecom Minister

India, May 21 -- Telecom minister Jyotiraditya Scindia reportedly said that India will see the fastest rollout of satellite communication (satcom) network in the world. As per news agency PTI, Scindi... Read More


Consumer Court Directs Amazon To Pay INR 40K For Not Delivering INR 100 Rakhi

India, May 20 -- A Mumbai consumer dispute redressal tribunal has directed ecommerce major Amazon to pay a compensation of INR 40,000, inclusive of legal costs, to an aggrieved customer over failure t... Read More


Myntra Unpacks Its Global Dreams, Shiprocket's INR 2,500 Cr IPO & More

India, May 20 -- Myntra Unpacks Its Global Dreams Marking its first international foray, the fashion ecommerce marketplace has launched its operations in Singapore. The move is aimed at capitalising ... Read More


After Students, Swiggy Targets Professionals With Corporate Rewards Programme

India, May 20 -- Days after launching a new initiative to woo students, listed foodtech major Swiggy has launched a corporate rewards programme to further bolster its food delivery vertical. In a pos... Read More


MobiKwik Q4: Loss Surges 83.5X YoY To INR 56 Cr

India, May 20 -- Fintech major MobiKwik saw its net loss zoom 83.5X to INR 56.03 Cr in Q4 FY25 from a loss of INR 67.1 Lakh in the year-ago period. On a quarter-on-quarter (QoQ) basis, net loss grew ... Read More


Elevation Capital Offloads ixigo Shares Worth INR 38.27 Cr

India, May 19 -- VC firm Elevation Capital, formerly SAIF Partners India, has offloaded more than 21.5 Lakh shares of online travel aggregator (OTA) ixigo in a block deal worth INR 38.27 Cr. As per B... Read More


BYJU'S Vs Lenders, New-Age Tech Stocks Rebound & More

India, May 19 -- Byju Raveendran Bares It All For the first time since BYJU'S was thrust into turmoil three years ago, cofounder Byju Raveendran has publicly broken his silence on what transpired at ... Read More


BYJU'S Cofounders Allege Threats & Pressure Tactics

India, May 18 -- The cofounders of troubled edtech startup BYJU'S, Byju Raveendran and Divya Gokulnath, have accused certain entities of orchestrating a targeted campaign of intimidation and pressure ... Read More


Josh, DailyHunt Parent VerSe Innovation Lays Off 350 Employees

India, May 18 -- VerSe Innovation, the parent of DailyHunt and Josh, has laid off nearly 350 employees as part of a broader "strategic" restructuring exercise. In a statement, a company spokesperson ... Read More