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Country Delight To Net $25 Mn From Temasek

India, March 26 -- Dairy tech soonicorn Country Delight is raising about $25 Mn (INR 212.50 Cr to be precise), in what looks like its Series E funding round, from Temasek's subsidiary V-Sciences Inves... Read More


BofA Downgrades Swiggy, Zomato Citing Rising Losses In Q-Com & Slow Growth In Food Biz

India, March 26 -- Global brokerage firm BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth prospects and the increasing competitive pressure in the... Read More


Swiggy Gets INR 99 Lakh Tax Demand Notice

India, March 26 -- Foodtech major Swiggy has received an income tax demand notice of INR 53.5 Lakh. Besides the tax, the company has also been asked to pay an interest of INR 45.44 Lakh, taking the to... Read More


MobiKwik Enters Stock Broking Segment To Take On Zerodha, Groww

India, March 26 -- Fintech major MobiKwik has become the latest entrant to the country's burgeoning investment tech market. The listed company has set up a wholly owned subsidiary Mobikwik Securities ... Read More


[Update] Now, SPF Joins PCI's Bid To Reinstate MDR On UPI, RuPay Transactions

India, March 26 -- Update | March 26, 3:25 PM A couple of days after the Payments Council of India (PCI) sought reinstatement of merchant discount rate (MDR) on UPI payments and RuPay transactions, r... Read More


Govt Drops Import Duty On Key Components For EV Batteries

India, March 26 -- Giving a further boost to electric vehicle manufacturing in India, the government has removed import duties on several goods and raw materials used in manufacturing EV batteries and... Read More


Zypp Electric Trims 10% Workforce Over 'Performance' Issues

India, March 26 -- IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its workforce in the past three months due to "performance" issues. Zypp cofounder and CEO Akash Gupta ... Read More


Groww Seeks $200 Mn In Pre-IPO Funding Round: Report

India, March 26 -- Investment tech unicorn Groww is reportedly in advanced talks with Singapore sovereign wealth fund GIC and its existing backer Tiger Global to raise a mega funding ahead of its init... Read More


Nazara Offloads Entire 72% Stake In Sports Unity

India, March 26 -- Listed gaming major Nazara has divested its entire 71.54% stake in Sports Unity, the company behind the multi-player quiz game 'Qunami', for INR 7.15 Lakh. Nazara had purchased a c... Read More


Centre Proposes Repealing 6% 'Google Tax' On Digital Ads

India, March 26 -- In a major relief for big tech giants Google and Meta, finance Minister Nirmala Sitharaman has proposed removing the 6% equalisation levy on online advertisements. "(I) have propos... Read More