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BYJU'S Cofounders' Defamation Suit Desperate & Meritless: Glas Trust

India, July 19 -- A day after cofounders of BYJU'S threatened to file a defamation lawsuit against certain "parties", Glas Trust, a consortium of the troubled edtech startup's lenders, has reportedly ... Read More


CoinDCX Crypto Heist: Hackers Steal Assets Worth $44 Mn

India, July 19 -- CoinDCX was hit by a major cyberattack earlier today, which saw hackers stealing assets worth $44 Mn (nearly INR 380 Cr) from the crypto exchange's internal operational account. "Th... Read More


Jio Financial Services Forms JV With Allianz For Reinsurance Business

India, July 19 -- Fintech company Jio Financial Services (JFS) has inked a binding agreement with insurance giant Allianz Group to form a 50:50 joint venture (JV) for providing reinsurance service in ... Read More


How This Startup Built A Global INR 1,000 Cr Gaming Business From India

India, July 19 -- India is playing it faster. But others are playing it smarter. With downloads reaching 8.45 Bn in FY25, India remained the champion in global mobile gaming, but ranked only eighth i... Read More


How Domestic Capital Is Booming India's VC Space?

India, July 19 -- In 2024, private-market investing in India bounced back to about $43 Bn-one-fifth of all Asia-Pacific flows and second only to China in the region. Deal count hit a record 1,270 VC c... Read More


Snapdeal Parent AceVector Files Confidential Draft IPO Papers

India, July 19 -- AceVector, the parent company of ecommerce major Snapdeal, has confidentially filed draft red herring prospectus (DRHP) with markets regulator SEBI for its INR 500 Cr initial public ... Read More


Ecommerce To Morph Into Quick Commerce In India: Blinkit SVP

India, July 19 -- "Quick commerce is going to be ecommerce in India," Blinkit's senior vice president (SVP) Anish Srivastava said during a fireside chat with Farmley cofounder Abhishek Agarwal at an e... Read More


Exclusive: IPO-Bound Aequs Nets INR 128 Cr Via Rights Issue

India, July 19 -- Ahead of filing its DRHP confidentially with SEBI last month, contract manufacturing company Aequs raised INR 128 Cr (around $15 Mn) via a rights issue, which was led by its holding ... Read More


ED Summons Google, Meta In Betting App Case

India, July 19 -- As part of its ongoing investigation into alleged money laundering linked to betting apps, the Enforcement Directorate (ED) has issued notices to tech giants Meta and Google. An ANI... Read More


India's Deeptech Gambit Has Begun, But Nobody Knows The Rules Of The Game

India, July 19 -- Better late than never - a sentiment blazing across the Indian deeptech ecosystem - and at the centre of the cacophony lies the much-hailed INR 1 Lakh Cr corpus announced by the fina... Read More