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Meta Rolls Out Instagram Plus Amid Broader Monetisation Push

India, June 5 -- Tech giant Meta has rolled out "Instagram Plus", a new paid subscription for its popular social media platform Instagram that offers users exclusive features focused on deeper engagem... Read More


VinFast's EV Ride Hailing Business Green SM Enters India

India, June 5 -- VinFast parent Vingroup-owned electric mobility arm Green SM has entered the Indian market with the launch of Green SM Limo, an electric cab service, in Delhi NCR today. The electric... Read More


Peak XV Partners Offloads Go Digit Shares Worth Rs.100 Cr

India, June 5 -- Go Digit General Insurance's early backer Peak XV Partners has sold 33.3 Lakh shares of the insurtech major in a block deal worth Rs.100 Cr. As per NSE data, the investment giant sol... Read More


Friale Sells Groww Shares In Rs.210 Cr Block Deal

India, June 5 -- US-based early stage investment firm Friale yesterday sold 1.13 Cr shares of fintech major Groww in a block deal worth Rs.210.4 Cr. As per BSE data, Friale, via its Friale Fund IV LL... Read More


AMFI Suspends Peak XV-Backed Stable Money's Mutual Fund Distribution Business

India, June 5 -- Peak XV Partners-backed wealthtech startup Stable Money has reportedly been barred by the Association for Mutual Funds in India (AMFI) from distributing mutual fund products. Citing ... Read More


Kuku Files Draft Papers Confidentially For Rs.3,500 Cr IPO

India, June 4 -- Audio OTT startup Kuku has filed its DRHP through the confidential route to raise up to Rs.2,500 Cr - Rs.3,500 Cr (about $261 Mn to $366 Mn) through its IPO. The startup is targeting ... Read More


Together Fund's Manav Garg Joins Emergent As Executive Chairman

India, June 4 -- Together Fund's cofounder and managing partner Manav Garg joined AI startup Emergent as executive chairman two years after first backing the company. In a LinkedIn post today, Garg s... Read More


Ola Electric Closes QIP By Issuing Shares At Rs.35.86 Apiece

India, June 4 -- Electric vehicle maker Ola Electric has closed its qualified institutional placement (QIP) fund raise. In its disclosure today, the company said that its fund raising committee approv... Read More


Ola Electric Raises Rs.780 Cr Via QIP; Issue Oversubscribed By 56%

India, June 4 -- Electric vehicle (EV) maker Ola Electric has completed its qualified institutional placement (QIP), raising Rs.780.24 Cr by issuing 21.75 Cr equity shares at an issue price of Rs.35.8... Read More


Can The Bear House Prowl Its Way To Rs.500 Cr In Revenue?

India, June 4 -- When Harsh Somaiya and Tanvi Somaiya incorporated The Bear House, a Bengaluru-based premium menswear brand, in 2019, they were convinced that India's D2C boom would give them wings to... Read More