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IPO-Bound Navi Finserv's FY25 Profit Tanks 67% To INR 222 Cr

India, June 5 -- Ahead of its stock market debut in the financial year 2025-26 (FY26), Sachin Bansal-led Navi Finserv has seen a steep decline in its FY25 net profit. The fintech major's profit after... Read More


Zepto Hints At A 2026 Listing, Snitch's INR 500 Cr Revenue Run & More

India, June 5 -- Zepto Delays D-Street Drive Taking a U-turn from its plan to go public in 2025, Zepto has deferred its IPO plans by a year. With this, the quick commerce juggernaut has joined the li... Read More


Bhavish Aggarwal Tops Up Collateral With INR 20 Cr As Ola Electric Stock Skids

India, June 5 -- Ola Electric founder and chief executive Bhavish Aggarwal has reportedly paid around INR 20 Cr ($2.3 Mn) in cash to top up collateral for borrowings against shares on back of a sustai... Read More


Need For Speed: Quick Commerce-Led Boom Fuels 60% Revenue Growth For EV Startup Battery Smart

India, June 5 -- On a typical day in any Indian metro, you can't help being witness to the startling acrobatics of uniformed bikers snaking through the maze of traffic. Orange, red, violet, yellow - t... Read More


Flipkart Becomes India's 1st Ecommerce Company To Bag NBFC Licence

India, June 5 -- Ecommerce giant Flipkart has secured a non-banking financial company (NBFC) licence from the Reserve Bank of India (RBI). It will now be able to offer loans directly to consumers and ... Read More


Flipkart Gets RBI Nod For Direct Lending In India: Report

India, June 5 -- Ecommerce giant Flipkart has reportedly secured non-bank finance company (NBFC) licence from the Reserve Bank of India to offer loans directly to consumers and sellers on its platform... Read More


Groww To Raise $202 Mn From GIC, ICONIQ Ahead Of IPO

India, June 5 -- IPO-bound fintech unicorn Groww is on course to raise $202.3 Mn (around INR 1,735 Cr) in a Series F funding round from investors like GIC and ICONIQ Capital. The startup's board will... Read More


Artha India Ventures Mops Up 61% Returns From Its Maiden Fund

India, June 5 -- Ashokkumar Damani's family office Artha India Ventures (AIV) has claimed that its micro VC arm Artha Venture Fund-I (AVF-I) has generated a 61% internal rate of return (IRR) at close.... Read More


NCLAT Judicial Member Recuses Himself From BYJU'S-AWS Case: Report

India, June 5 -- Justice Sharad Kumar Sharma, the judicial member of the Chennai bench of the National Company Law Appellate Tribunal (NCLAT), has recused himself from the BYJU'S-Amazon Web Services (... Read More


Feminine Hygiene Startup Plush Nets INR 40 Cr

India, June 5 -- Feminine hygiene D2C startup Plush has raised INR 40 Cr (around $4.6 Mn) in its Series B funding round led by Premji Invest's former senior partner Rahul Garg. The round saw particip... Read More