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Exclusive: IPO-Bound PhonePe Initiates ESOP Buyback Worth INR 800 Cr

India, Sept. 11 -- IPO-bound fintech unicorn PhonePe has launched an ESOP buyback programme worth up to INR 700 Cr to INR 800 Cr, sources told Inc42. At least 1,000 PhonePe employees are eligible und... Read More


D2C Cookware Brand Ember Raises $3.2 Mn

India, Sept. 11 -- D2C cookware brand Ember has secured $3.2 Mn (INR 28.3 Cr) in its seed fund rounding from high-net-worth individuals (HNIs), family offices, and angel investors like Yoga Bar cofoun... Read More


Q-Comm Enablement Startup Inamo Raises $3 Mn To Expand Its Dark Store Network

India, Sept. 11 -- Recently launched quick commerce enablement startup Inamo has bagged $3 Mn (INR 26.5 Cr) in its seed funding round to expand its dark store network, strengthen tech stack and expand... Read More


Q-Comm SaaS Startup Inamo Raises $3 Mn To Expand Its Dark Store Network

India, Sept. 11 -- Recently launched quick commerce enablement startup Inamo has bagged $3 Mn (INR 26.5 Cr) in its seed funding round to expand its dark store network, strengthen tech stack and expand... Read More


Real Money Gaming Ban: Zupee Joins Peers, Axes 170 Jobs

India, Sept. 11 -- Delhi NCR-based gaming startup Zupee is laying off around 170 employees, nearly 30% of its workforce, as part of a restructuring exercise following the ban on real money gaming. "T... Read More


Can Yulu Ride The Gig Economy's Need For Speed All The Way To Profitability?

India, Sept. 11 -- "Consumers want it now, they want it fast. After Indian consumers have once tasted the experience of quick delivery of not just products, but also services, they're not looking back... Read More


Electric Mobility Startup Snap-E Cabs Raises $2.5 Mn To Expand Its Footprint

India, Sept. 11 -- Electric mobility startup Snap-E Cabs has raised $2.5 Mn (around INR 22 Cr) in a bridge round led by Inflection Point Ventures. The funding round also saw participation from ah! Ven... Read More


DevX IPO: Issue Oversubscribed 9.4X On Day 2

India, Sept. 11 -- After ending the first day of its IPO with an oversubscription of 5.3X, driven primarily by retail investors, coworking space provider DevX's public issue gained further momentum on... Read More


Urban Company IPO: Issue Oversubscribed 4.8X On Day 2 So Far

India, Sept. 11 -- After a bumper start with 3.1X oversubscription on the first day, Urban Company's IPO continued to see strong interest on Day 2 as well. The public issue was oversubscribed 4.8X at ... Read More


Leadership Exodus At CoinDCX: Now, CISO & CHRO Step Down

India, Sept. 11 -- Three months after the exit of its CTO, crypto exchange CoinDCX's CHRO Mudita Chauhan and CISO Sridhar G have also stepped down from their roles. Both Chauhan and Sridhar are movin... Read More