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Navi's Shobhit Agarwal, Apurv Anand Quit To Launch Asset Management Venture

India, March 18 -- Two former senior executives of fintech unicorn Navi, Shobhit Agarwal and Apurv Anand, have reportedly teamed together to launch a new venture in the asset management space after qu... Read More


Ice Cream Brand Go Zero Bags INR 30 Cr To Strengthen Supply Chain

India, March 18 -- Low-calorie D2C ice cream brand Go Zero has raised INR 30 Cr in its Series A round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. The round also saw... Read More


Zomato Faces Insolvency Plea From Uniform Supplier Nona Lifestyle

India, March 18 -- Zomato has landed in troubled waters as B2B apparel manufacturer Nona Lifestyle has moved the National Company Law Tribunal (NCLT) seeking restoration of its insolvency plea against... Read More


Ola Electric Shares Rebound 14% After Prolonged Decline

India, March 18 -- After a steep decline over the last few months, shares of Ola Electric zoomed 14% to INR 53.48 during early trading on the BSE today. At 11:48 AM, the stock was trading at INR 53.2... Read More


After Raising $2 Mn For Its Social Networking Platform, Unikon.ai To Build A D2C Brand

India, March 17 -- Bella Vita founder Aakash Anand's startup Unikon.ai, which offered an AI-powered networking platform, is pivoting due to high cash burn and now plans to build a D2C brand. Anand to... Read More


Byju Raveendran Challenges NCLT Order To Include Glas Trust, Aditya Birla Finance In CoC

India, March 17 -- Adding another layer to the BYJU'S court room saga, the edtech startup's founder and CEO Byju Raveendran has now reportedly challenged the National Company Law Tribunal's (NCLT's) o... Read More


Ola Electric Crashes 7% To Hit All-Time Low, Stock Down Over 23% In 1 Month

India, March 17 -- Shares of Ola Electric Mobility plummeted over 7% in morning trade today to hit an all-time low at INR 46.94 apiece, dragged down by the company's disclosure that one of its subsidi... Read More


Uber Initiates Talks To Acquire BluSmart, Says Report; Startup Denies

India, March 17 -- Ride-hailing giant Uber is reportedly in early talks to acquire EV cab-hailing startup BluSmart Mobility. The development comes at a time when Gensol Engineering, a solar engineeri... Read More


Centre To Launch INR 23K Cr PLI Scheme For Electronics Components

India, March 17 -- The IT ministry has reportedly finalised a production linked incentive scheme (PLI) for manufacturing electronics components. The PLI scheme will have an allocation of INR 23,000 C... Read More


Moderating Dark Store Additions Likely To Help Zepto Contain Q4 Quick Commerce Burn: JP Morgan

India, March 17 -- While Zomato-owned Blinkit and Swiggy Instamart are accelerating the pace of dark store network expansion, IPO-bound Zepto is slowing down, which suggests a potential easing in comp... Read More