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Pine Labs Eyes October Listing, To Trim IPO Size To $700 Mn

India, Sept. 18 -- Fintech major Pine Labs is reportedly looking to raise $700 Mn (about INR 6,178.5 Cr) via its initial public offering (IPO) next month. Sources told Bloomberg that the company has ... Read More


BigBasket FY25 Loss Crosses INR 2,000 Cr, Revenue Dips

India, Sept. 18 -- Amid bid to expand its quick commerce play, Tata Digital-owned BigBasket has plunged deeper into losses. For the fiscal year FY25, the net losses of BigBasket parent entity Superma... Read More


[Update] MobiKwik Attributes INR 40 Cr Payout Fraud To Internal Processing Error

India, Sept. 18 -- Update | September 18, 20:30 IST A couple of days after reporting that it had fallen prey to a financial fraud to the tune of INR 40 Cr, fintech company MobiKwik informed the bours... Read More


Urban Company's Stellar Debut, Fraud At MobiKwik & More

India, Sept. 18 -- Urban Company Pops The Champagne Urban Company has scripted the most spectacular startup IPO of 2025 so far. Shares of the hyperlocal services unicorn opened at INR 161 on the BSE,... Read More


IndiaAI Mission: Fractal, Tech Mahindra Among 8 New Players Picked To Build LLMs

India, Sept. 18 -- The Centre has selected eight new entities to develop homegrown foundational large language models (LLMs) under the IndiaAI Mission. Tech Mahindra, Fractal Analytics, Avataar AI, Z... Read More


Groww DRHP: Shareholding Pattern & Leadership Line-Up

India, Sept. 18 -- Just weeks before Groww filed its updated DRHP for IPO, the investment tech startup's four cofounders - Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal - sold shares worth a... Read More


IFC To Invest $25 Mn In Trifecta Capital's Fourth Venture Debt Fund

India, Sept. 18 -- World Bank's private lending arm International Finance Corporation (IFC) will be investing $25 Mn (about INR 220 Cr) in venture debt firm Trifecta Capital's INR 2000 Cr venture debt... Read More


Now, Gameskraft Lays Off 120 Employees

India, Sept. 18 -- Adding to the long-list of gaming startups which have sacked employees following the passing of the Promotion and Regulation of Online Gaming Act, 2025 in the Parliament, Gameskraft... Read More


EV Startup Raptee Bags Funding From Technology Development Board

India, Sept. 18 -- Electric motorcycle manufacturer Raptee.HV has received funding from the science and technology ministry's Technology Development Board (TDB). Without disclosing the funding amount... Read More


PhonePe, Paytm & CRED Halt Rent Payments Via Credit Cards

India, Sept. 18 -- A day after the Reserve Bank of India (RBI) issued new master directions for payment aggregators (PAs), fintech giants like PhonePe, Paytm, and CRED have reportedly halted rental pa... Read More