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PhonePe To File Confidential IPO Papers Soon: Report

India, Sept. 5 -- Walmart-owned PhonePe is reportedly planning to pre-file its IPO papers via the confidential route by the end of September 2025. The fintech company is aiming to raise between $1.2 ... Read More


L Catterton's India-Focussed Consumer Fund Marks First Close At $200 Mn

India, Sept. 5 -- L Catterton's India-focussed consumer fund has reportedly marked its first close at $200 Mn (about INR 1,760 Cr). The investment vehicle, L Catterton India Fund (Fund I or the Fund)... Read More


Exclusive: Gupshup Lays Off 100+ Employees In Cost-Cutting Exercise

India, Sept. 4 -- Conversational AI company Gupshup has carried out another round of layoffs, this time letting go of at least 100 employees, including junior developers, as per sources. The move come... Read More


PB Fintech, Go Digit Zoom Up To 6% On GST Exemption For Insurance

India, Sept. 4 -- Insurtech companies PB Fintech and Go Digit saw their shares rise in the intraday trade today after the GST Council announced exemption of GST on life and health policies yesterday. ... Read More


Exclusive: Reliance-Backed Dunzo Admitted Into Insolvency

India, Sept. 4 -- The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against Reliance-backed startup Dunzo. The plea has been filed by one of its vendors, ... Read More


Zomato, Swiggy Deliveries To Get Costlier With New 18% GST

India, Sept. 4 -- India's food delivery and quick commerce companies are staring at higher costs after the GST Council decided to impose an 18% tax on delivery fees under the new Goods and Services Ta... Read More


GST Council Retains 5% Tax Slab For All EVs

India, Sept. 4 -- In a major relief for electric vehicle (EV) manufacturers and buyers, the goods and services tax (GST) council on Wednesday (August 3) retained the 5% tax rate on pure electric vehic... Read More


Leap India IPO: Flat Profit To Create Dilemma For Investors?

India, Sept. 4 -- Banking on the Indian startup IPO frenzy, logistics tech provider Leap India has now set sail for D-Street. The 2013-founded company filed its Draft Red Herring Prospectus (DRHP) las... Read More


FirstClub Bags $23 Mn To Open Dark Stores, Launch Cafes

India, Sept. 4 -- Quick commerce platform FirstClub has raised $23 Mn (around INR 203 Cr) in its Series A round co-led by existing backers Accel and RTP Global at a valuation of $120 Mn (INR 1,050 Cr)... Read More


boAt In The Black, Rethinking Platform Fees & More

India, Sept. 4 -- boAt Roars Back To Profits After a two-year gap, IPO-bound boAt returned to profitability in FY25. The consumer electronics giant's comeback was driven less by soaring sales and mor... Read More