Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…
Three points you will get to know in this article: Zomato’s stocks had an uneventful start on Thursday (November 23) amid reports of tax notices served to both Zomato and Swiggy for alleged non-payment issues in the realm of food delivery aggregation. Closing at INR 115.25 on the preceding day (November 22), Zomato’s shares exhibited a neutral performance. By 9:20…
Three points you will get to know in this article: In contrast to the challenging ride for Indian startups venturing into the stock market in 2022, this year has shown a marked improvement. Despite the gloomy backdrop of the funding winter, three startups went public last year, while 2023 has witnessed the IPO debut of five startups so far. Yet,…
Three points you will get to know in this article: After experiencing a notable surge in the previous week, the performance of Indian new-age tech stocks showed a diverse outcome this week, mirroring the overall market’s subdued response to global uncertainties. Out of the 18 new-age tech stocks monitored by Inc42, eleven demonstrated gains ranging from 0.4% to an impressive…
Three points you will get to know in this article: Zomato Allocates 10.65 Crore Equity Shares through ESOPs The renowned foodtech giant, Zomato, has recently assigned approximately 10.65 crore equity shares through various employee stock option plans (ESOPs). In an official filing with the exchange, the company communicated that its board has given the green light for the allocation of…
Three points you will get to know in this article: October witnessed a promising surge in investments for Indian startups, aligning with historical patterns. This noteworthy uptick in monthly financial support arrives just as startups within the ecosystem are rallying to navigate through the challenges of funding constraints. Notably, an intriguing aspect is that a substantial one-third of the total…
Three points you will get to know in this article: Freshworks, a Software-as-a-Service (SaaS) company listed on Nasdaq, unveiled robust financial results on November 1st. During the third quarter of 2023, the company witnessed a remarkable 19% year-on-year surge in its consolidated revenue, reaching $153.6 million. This exceeded the company’s initial projections of $149-$151 million, a feat attributed to the…
Three points you will get to know in this article: On Thursday, October 26, the Competition Commission of India (CCI) gave the nod to the Ontario teachers’ fund’s plan to secure a minority interest in the renowned logistics powerhouse, XpressBees. In its official decree, the CCI granted approval for the acquisition of a stake in BusyBees Logistics Solution, the parent…
Three points you will get to know in this article: Mamaearth, the direct-to-consumer (D2C) unicorn gearing up for its IPO, faced a financial setback in the fiscal year ending March 31, 2023, due to a one-time loss. The parent company, Honasa Consumer Limited, helmed by the husband-wife team Varun and Ghazal Alagh, witnessed a shift from the previous fiscal year’s…
Three points you will get to know in this article: • Delhi government finalizes draft of startup policy to support and encourage 15,000 startups by 2030.• The policy includes collateral-free loans, expert guidance, and support for college students.• Delhi aims to establish itself as a global innovation hub and preferred location for startups by creating a supportive ecosystem for entrepreneurship.…
