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Mugafi Nets $3 Mn To Deploy AI To Help Filmmakers Write Scripts

India, April 28 -- AI-powered content creation platform Mugafi has raised $3 Mn (about INR 25.5 Cr) in its seed funding round led by StartupXseed. The round also saw participation from Auxano, Proneu... Read More


Zepto In Talks To Raise INR 1,500 Cr In Debt: Report

India, April 28 -- Quick commerce giant Zepto founders Aadit Palicha and Kaivalya Vohra are reportedly in advanced discussion for around INR 1,500 Cr (around $175.6 Mn) structured debt. An ET report,... Read More


Urban Company Files DRHP For INR 1,900 Cr IPO

India, April 28 -- Weeks after getting its board nod to raise INR 528 Cr via its IPO, consumer services unicorn Urban Company has filed its draft red herring prospectus (DRHP) for INR 1,900 Cr public ... Read More


Ather Energy IPO: Retail Portion Subscribed 63% On Day 1

India, April 28 -- The initial public offering (IPO) of electric two-wheeler maker Ather Energy saw strong demand from retail investors, who subscribed to 63% of the reserved shares for them on the fi... Read More


Fino Payments Bank's Q4 Profit Dips 5% YoY To INR 24 Cr

India, April 28 -- Fino Payments Bank's net profit slipped 5% to INR 24 Cr in Q4 FY25 from INR 25.2 Cr in the year-ago quarter on the back of rise in its tax expense. The company's tax expense balloo... Read More


HexaHealth To Raise INR 37 Cr Via Preferential Issue

India, April 28 -- Healthcare startup HexaHealth's board has approved the proposal to raise INR 37 Cr (around $4.3 Mn) through a preferential allotment of shares. According to an MCA filing assessed ... Read More


TAC Infosec's H2 FY25 Profit Surges 89% YoY To INR 8.3 Cr

India, April 28 -- NSE SME-listed cybersecurity company TAC Infosec's consolidated profit after tax grew 89% to INR 8.3 Cr in the second half of the financial year 2024-25 (H2 FY25) from INR 4.4 Cr in... Read More


Karnataka Minister Asks Officials To Implement HC's Bike Taxi Ban

India, April 28 -- Karnataka's transport minister Ramalinga Reddy has reportedly asked his department officials to enforce the High Court order to suspend bike taxi operations within the state. An In... Read More


Go Digit Q4 Profit Zooms 120% YoY To INR 116 Cr

India, April 28 -- Insurtech company Go Digit General Insurance's profit after tax (PAT) zoomed 119% to INR 115.6 Cr in the fourth quarter (Q4) of the fiscal year 2024-25 (FY25) from INR 52.7 Cr in th... Read More


Centre Mulling Regulations To Curb Obscenity On OTT, Social Media Platforms

India, April 28 -- The Centre is mulling new regulations to check obscenity on OTT and social media platforms, Solicitor General Tushar Mehta told the Supreme Court. The SC was hearing a public inter... Read More