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Ather Shares Surge 5.7% To Hit Record High After Konarc Launch

India, Aug. 31 -- Shares of EV maker Ather Energy touched a fresh all-time high of Rs.1,703.90 during the intraday trading today following the company's launch of Konarc escooter. The stock jumped 5.... Read More


Zomato Lays Off 240 Employees, Shuts Hyderabad Customer Support Operations

India, Aug. 31 -- Eternal's food delivery business Zomato has fired around 240 employees as it shuts down its customer support operations in Hyderabad, sources told Inc42. The move follows a review o... Read More


Pernia's Pop-Up Parent IPO: Issue Subscribed 8% On Day 1 Till Now

India, Aug. 31 -- Pernia's Pop Up Shop parent Purple Style Labs' initial public offering (IPO) got off to a subdued investor on the first day of bidding. As of 14:48 IST, investors have cumulatively p... Read More


Zomato Bans Sale Of Analogue Dishes On Its Platform

India, Aug. 31 -- Amid growing concerns over analogue paneer, Zomato has announced a zero-tolerance policy against the sale of dishes containing analogue dairy products on its platform. It has also wa... Read More


Online Grocery Startup Satvacart Shuts Down After 12-Year Run

India, Aug. 31 -- Gurugram-based online grocery startup Satvacart has shut down after 12 years of operations and disbanded its team after failing to secure the capital required to rebuild and scale th... Read More


State Street Closes Rs.580 Cr Investment In Groww AMC

India, Aug. 31 -- Global asset manager State Street Investment Management has completed its Rs.580 Cr strategic investment in Groww's mutual fund arm Groww AMC after receiving all the necessary regula... Read More


Truemeds Eyes DealShare Acquisition At $90 Mn, 95% Below Peak Valuation: Report

India, Aug. 31 -- Ecommerce unicorn DealShare is reportedly in advanced talks to be acquired by online pharmacy Truemeds through a share-swap transaction. The proposed deal could value DealShare at a... Read More


Zerodha's Diversification Clock Is Ticking

India, Aug. 30 -- Zerodha's core business is no longer growing. Regulatory curbs and changing investor behaviour are cooling trading activity and squeezing brokerage revenue. Broking revenue fell 10.... Read More


From Third Wave Coffee To MATTER - Indian Startups Raised Over $210 Mn This Week

India, Aug. 29 -- Indian startup funding activity took a minor hit in the last week of August. Twenty three startups managed to raise a combined $210.3 Mn between August 24 and August 28. This was 9.8... Read More


Ola Electric Secures Centre's Rs.95.81 Cr Incentive Under PLI-Auto Scheme

India, Aug. 29 -- Electric two-wheeler maker Ola Electric has secured a Rs.95.81 Cr incentive under the government's Production Linked Incentive (PLI) Scheme from the Ministry of Heavy Industries. Un... Read More