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CRED's Next Big Play, MyPickup Shuts Shop & More

India, Sept. 16 -- CRED Doubles Down On Luxury The fintech unicorn has launched new offerings - a cobranded credit card and a concierge service called Sovereign - as well as sharpened its arsenal of ... Read More


Lendingkart Finance Q1: Net Loss Swells 3.4X To INR 85 Cr, Revenue Falls 60% YoY

India, Sept. 16 -- After slipping into the red in FY25, Lendingkart Technologies' NBFC arm Lendinkart Finance Ltd continued to bleed in the first quarter of the ongoing fiscal year. The NBFC's net lo... Read More


Indkal Nets $20 Mn For Expansion Of Its Smart TV Brand Wobble

India, Sept. 16 -- A year after raising its maiden funding round of $36 Mn, consumer electronics and home appliances startup Indkal Technologies has secured $20 Mn (about INR 176 Cr) in a round led by... Read More


Consumer Electronics Startup iDO Devices Bags $4 Mn From Blume, Merak Ventures

India, Sept. 16 -- Consumer electronics startup iDO Devices Pvt Ltd has raised $4 Mn (around INR 34 Cr) in a funding round led by Blume Ventures and Merak Ventures. Founded earlier this year by Ashit... Read More


Evera Expands B2C Portfolio, Launches Hourly Rental Service

India, Sept. 16 -- EV ride-hailing startup Evera has expanded its B2C play by rolling out hourly rental service. The startup said that the new offering will facilitate users with flexible hourly renta... Read More


Urban Company IPO: Accel To Rake In 27X Gain, Elevation To Pocket 19X Return

India, Sept. 16 -- With shares of Urban Company expected to start trading tomorrow following its INR 1,900 Cr IPO, the company's early investors like Accel, Elevation Capital, Tiger Global, among othe... Read More


Nazara Gets Shareholders' Nod for Stock Split, Bonus Issue

India, Sept. 16 -- Gaming major Nazara Technologies has received the go-ahead from its shareholders for undertaking a stock split and a bonus issue of shares. On August 12, the company's board propos... Read More


PharmEasy To Raise INR 1,700 Cr Debt

India, Sept. 16 -- API Holdings, the parent company of PharmEasy, is planning to raise INR 1,700 Cr (about $193 Mn) via redeemable non-convertible debentures (NCDs) by pledging the shares of its liste... Read More


RBI Issues New Master Directions For Payment Aggregators

India, Sept. 16 -- The Reserve Bank of India (RBI) on Monday (September 15) issued new master directions to regulate payment aggregators (PAs) in the country. Called Reserve Bank of India (Regulation... Read More


How Zepto's Brand Engine Keeps Its 10-Minute Promise Alive

India, Sept. 16 -- By early 2021, India's online grocery market had reached an inflexion point. The initial challenge, persuading consumers to buy from e-marketplaces for convenience, was largely over... Read More