SC Notice To GLAS Trust, IRPs On Plea By BYJU'S Promoters

India, May 29 -- Adding another layer to the BYJU'S saga, the Supreme Court has reportedly issued notices tothe startup's former director Riju Raveendran, former and current interim resolution profess... Read More

Ola Electric Q4: Loss More Than Doubles YoY To INR 870 Cr

India, May 29 -- EV maker Ola Electric's consolidated net loss skyrocketed 109% to INR 870 Cr in Q4 FY25 from INR 416 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company's los... Read More

D2C Apparel Brand Snitch To Raise INR 280 Cr From 360 Asset Management Fund, Others

India, May 29 -- D2C fashion brand Snitch is raising INR 278.93 Cr (around $33 Mn) in a fresh funding round to be led by 360 Asset Management Fund, with participation from existing investors IvyCap Ve... Read More

[Update] Exclusive: Quick Home Service Platform Snabbit In Talks To Raise $20 Mn

India, May 29 -- Update | May 29, 1:30 PM A couple of days after Inc42 exclusively reported about Snabbit in talks to raise its Series B funding round, the startup earlier in the day announced to hav... Read More

In It For The Long Haul: How Indian VCs Are Making A Case For Patient Capital

India, May 29 -- A couple of years ago, the leading Indian stockbroker, Zerodha, made a surprising announcement. Its investment arm, Rainmatter Capital, would deploy an additional INR 1K Cr in 'patien... Read More

Exclusive: Quick Fashion Startup Knot In Talks To Raise $3 Mn In Maiden Round

India, May 29 -- Archit Nanda and Rachit Bansal's quick fashion startup Knot is in talks to raise about $3 Mn in its maiden funding round led by Kae Capital, sources told Inc42. The discussions are a... Read More

End Of An Era: Inside Gaurav Munjal's Exit From Unacademy

India, May 28 -- To call the exit of Unacademy cofounders Gaurav Munjal and Roman Saini a second seismic shift in India's edtech ecosystem - after the BYJU'S downfall, of course - would be no exaggera... Read More

CCI Greenlights Jumbotail's Proposal To Acquire Solv India

India, May 28 -- The Competition Commission of India (CCI) has cleared a multi-layered deal involving B2B marketplace Jumbotail Technologies' proposed acquisition of Solv India. The CCI said in a sta... Read More

Centre Asks Ecommerce Players To Proactively Eliminate Dark Patterns

India, May 28 -- Amid rising complaints about dark patterns being employed by online platforms, consumer affairs minister Pralhad Joshi has asked ecommerce companies to conduct self audits to analyse ... Read More

IFC Commits $30 Mn To L Catterton's $600 Mn India Fund

India, May 28 -- The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed a $30 Mn infusion in India-focussed consumer fund launched by L Catterton Asia ... Read More

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