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Urban Company Founders Offload Shares Worth INR 779 Cr Ahead Of IPO

India, April 29 -- Ahead of filing its draft red herring prospectus (DRHP), consumer service unicorn Urban Company's founder cumulatively sold shares worth nearly INR 779.08 Cr in secondary deals. As... Read More


Karnataka HC Dismisses Qatar Holding's Plea Against Byju Raveendran

India, April 29 -- The Karnataka High Court has reportedly dismissed Qatar Holding LLC's petition, which sought to restrain troubled edtech startup BYJU'S' cofounder Byju Raveendran and BYJU'S Investm... Read More


Karnataka HC Allows Bike Taxis To Operate Till June 15

India, April 29 -- In a major reprieve for bike taxi aggregators, the Karnataka High Court (HC) has allowed two-wheeler ride-hailing platforms to continue their operations in the state till June 15. ... Read More


Paytm's Gaming Subsidiary Gets INR 5,712 Cr GST Notice

India, April 29 -- Fintech major Paytm's online gaming subsidiary First Games Technology Pvt Ltd has received a tax demand notice to the tune of INR 5,712 Cr, excluding interest and penalty, from the ... Read More


Exclusive: Networking Platform Medial In Talks To Raise $5 Mn From OG Capital, Others

India, April 29 -- Bengaluru-based networking platform Medial is in advanced talks to raise $4 Mn to $5 Mn in its Series A round, multiple people aware of the development told Inc42. The funding roun... Read More


Amazon, Flipkart Probe: CCI Seeks Sales Data From Apple, Xiaomi

India, April 29 -- The Enforcement Directorate (ED) has asked smartphone makers like Apple and Xiaomi to share sales data and other documents as part of its ongoing probe into Amazon and Flipkart. Ac... Read More


VerSe Cofounder Acknowledges Lapses, Urban Company's INR 1,900 Cr IPO & More

India, April 29 -- Cracks In VerSe's Controls? The media and entertainment giant VerSe, which operates Dailyhunt and Josh and was last valued at $5 Bn in April 2022, is under fire after Deloitte flag... Read More


[Update] Ather Energy IPO Day 2: Issue Subscribed 28% So Far

India, April 29 -- Update | April 29, 07:43 PM EV maker Ather Energy's IPO was subscribed 28% on the second day, led by strong interest by its employees. Of the 1 Lakh shares reserved for employees, ... Read More


IPO-Bound Urban Company Faces INR 51 Cr GST Demands

India, April 29 -- IPO-bound consumer services unicorn Urban Company is facing demand notices from GST departments in various states worth INR 51.25 Cr As per the company's draft red herring prospect... Read More


IndiaMART Q4 Profit Zooms 81% YoY To INR 181 Cr

India, April 29 -- Online B2B marketplace IndiaMART InterMESH's consolidated net profit zoomed 81% to INR 180.6 Cr in the fourth quarter (Q4) of the financial year 2024-25 (FY25) from INR 99.6 Cr in t... Read More