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IPO-Bound Swiggy Posts $207 Mn Loss In Apr-Dec 2023

India, March 29 -- IPO-bound foodtech major Swiggy's loss reportedly stood at $207 Mn (INR 1,730 Cr) during the first nine months of the financial year 2023-24 (FY24). In contrast, the decacorn repor... Read More


Indian GenAI Startup Tracker: Meet The X Startups Putting India On The Global AI Map

India, March 29 -- Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly... Read More


Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map

India, March 29 -- Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly... Read More


TAC Infosec IPO Day 2: Vijay Kedia Backed SaaS Startup's Public Issue Oversubscribed 22.8X

India, March 29 -- Vijay Kedia-backed SaaS cybersecurity TAC Infosec's initial public offering (IPO) was oversubscribed 22.82X on the second day on Thursday (March 28) on the back of strong demand fro... Read More


Mamaearth Parent Honasa Forays Into Colour Cosmetics Space With The Launch Of 'Staze'

India, March 29 -- D2C unicorn Mamaearth's parent, Honasa Consumer, has forayed into the colour cosmetics segment with the launch of a new brand, Staze. In a statement, the company said that the laun... Read More


L Catterton Forms JV With FMCG Veteran Sanjiv Mehta To Launch India-Focussed Consumer Fund

India, March 28 -- Global investment firm L Catterton on Thursday (March 28) said that its Asia arm has inked an agreement with former Hindustan Unilever (HUL) executive Sanjiv Mehta to float a new In... Read More


TAC Infosec IPO Oversubscribed 9.31X On Day 1

India, March 28 -- SaaS cybersecurity startup TAC Infosec's initial public offering (IPO) was oversubscribed 9.31X on the first day on Wednesday (March 27), led by heavy demand from retail investors. ... Read More


The GenAI Summit By Inc42: Startups, Here's Your Chance To Showcase Your Innovation To India's Most Influential AI Leaders

India, March 28 -- India's generative AI (GenAI) moment is well and truly here, and over the past few months we have seen this phenomenal growth in the AI startup ecosystem up close as we build up to ... Read More


Myntra's Marketplace Entity Turns EBITDA Positive In Q4 2023

India, March 28 -- Fashion ecommerce major Myntra claimed that its marketplace entity has turned EBITDA (earnings before interest, taxes, depreciation, and amortisation) positive "since the last quart... Read More


ICICI Securities Raises Zomato's PT To INR 300, Cites Higher Revenue CAGR Than Global Peers

India, March 27 -- Brokerage ICICI Securities has reiterated the 'BUY' rating on foodtech giant Zomato and raised its price target (PT) to INR 300. This represents an upside of more than 67% from the... Read More