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MakeMyTrip Q4 Profit Declines 83% YoY To $29 Mn

India, May 14 -- Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter. It is important to note that th... Read More


MakeMyTrip Q4 Profit Falls 83% YoY To $29 Mn On Decline In Deferred Tax

India, May 14 -- Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter. It is important to note that th... Read More


WhiteHat Jr Founder Karan Bajaj Raises $16 Mn For His Cancer Care Startup

India, May 14 -- WhiteHat Jr's founder Karan Bajaj has bagged a seed funding of $16 Mn (INR 136.4 Cr) for his cancer care venture Complement1, led by Owl Ventures and Blume Ventures. The startup said... Read More


Cabinet Approves HCL-Foxconn's INR 3,700 Semiconductor Plant In UP

India, May 14 -- The Union cabinet has given its approval to HCL and Foxconn joint venture (JV) to set up a semiconductor unit under the India Semiconductor Mission. The unit, which will see the two e... Read More


Zostel-OYO Failed Merger: Delhi HC Sets Aside Arbitration Tribunal's Ruling

India, May 14 -- The Delhi High Court has set aside an arbitration tribunal's ruling in an ongoing dispute over a failed merger between hospitality major OYO and rival Zostel Hospitality. In a statem... Read More


BlueStone Bags INR 40 Cr In Debt From BlackSoil, Others

India, May 14 -- Omnichannel jewellery company BlueStone has raised INR 40 Cr (around $ 4.7 Mn) in debt from BlackSoil and Caspian Impact Investments, ahead of its planned initial public offering (IPO... Read More


Ashwini Vaishnaw Unveils Design Facilities To Boost India's Semiconductor Production

India, May 14 -- To boost India's semiconductor landscape, IT minister Ashwini Vaishnaw has unveiled two new state-of-the-art design facilities in Noida and Bengaluru. During the inauguration, Vaishn... Read More


[Update] Antfin Offloads 4% Stake In Paytm For INR 2,103 Cr

India, May 14 -- Update | May 14, 12:45 AM IST A day after reports surfaced that Antfin was looking to offload a part of its stake in Paytm, Chinese tech giant Alibaba Group's company sold 4% stake i... Read More


Mobile Entertainment Startup ReelSaga Bags $2.1 Mn

India, May 14 -- Mumbai-based mobile entertainment startup ReelSaga has raised $2.1 Mn (around INR 17.9 Cr) in a seed funding round led by Picus Capital, along with participation from ITI Growth Oppor... Read More


Dream Sports To Invest $50 Mn In Times Internet-Owned Cricbuzz & Willow TV

India, May 14 -- Dream Sports, the parent entity of fantasy gaming platform Dream11, has said that it will invest $50 Mn in Times Internet-owned Cricbuzz and Willow TV. On the back of this investment... Read More