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Zappfresh Files RHP, IPO To Open On Sep 26

India, Sept. 15 -- Meat delivery startup Zappfresh has filed its red herring prospectus (RHP) for its BSE SME initial public offering (IPO), which will solely consist of a fresh issue of up to 59.06 L... Read More


Centre Plans To Exempt Data Centres From Taxes For 20 Years

India, Sept. 15 -- In a bid to give fillip to the data centre industry, the Centre has proposed that data centre developers be exempted from taxes for a period of up to 20 years. According to the dra... Read More


ArisInfra Shines Amid Mixed Week For New-Age Tech Stocks, CarTrade Bleeds

India, Sept. 14 -- It was a mixed week for new-age tech companies on the bourses despite the broader market moving upwards. While 17 out of the 37 new-age tech stocks under Inc42's coverage rose in a ... Read More


PharmEasy's Uneasy State

India, Sept. 14 -- Here's a curious thought for you this Sunday: Whenever a startup acquires a legacy firm or a bigger player, it has usually not worked out. Take the billion-dollar deal between BYJU... Read More


Myntra's FY25 Profit Surges 18X To INR 548 Cr

India, Sept. 13 -- Myntra, the fashion ecommerce arm of Flipkart, saw its net profit zoom about 18X to INR 548 Cr in FY25 from INR 31 Cr in the previous fiscal year due to improvement in margins. The... Read More


Hike Shuts Global Operations

India, Sept. 13 -- "After regrouping with our investors and the team, I've made the difficult decision to wind down Hike completely," Web3 gaming startup Hike's founder and CEO Kavin Bharti Mittal sha... Read More


Ripplr Raises INR 200 Cr From Sojitz Corporation, Others

India, Sept. 13 -- Distribution and logistics startup Ripplr has raised INR 200.3 Cr (about $22.6 Mn) from its existing investors. The round was led by Sojitz Corporation, and saw participation from 3... Read More


Marico To Take 100% Control Of True Elements With Additional 46% Stake Buy

India, Sept. 13 -- FMCG major Marico is acquiring an additional 46.02% stake in HW Wellness Solutions, the parent of omnichannel healthy snacks startup True Elements, to increase its shareholding to 1... Read More


SEBI Eases IPO, Minimum Public Shareholding Norms For Large Companies

India, Sept. 13 -- In a bid to ease the listing process for large companies, markets regulator SEBI has revised minimum public shareholding (MPS) norms for companies with a post-issue market capitalis... Read More


World Bank's IFC To Infuse $37 Mn In GreenCell Mobility

India, Sept. 13 -- International Finance Corporation (IFC), the private investment arm of the World Bank, has said that it is investing $37 Mn (INR 326.6 Cr) in Eversource Capital-backed shared electr... Read More