pedal-start
Posted in Business

PedalStart: Nurturing Startup Visionaries with Mentorship and Acceleration

by SA TeamPosted on

Three points you will get to know in this article: Many aspiring entrepreneurs are constantly seeking the perfect mentorship to guide them on their journey into the startup world. PedalStart, based in Gurugram, has ingeniously embraced this concept by providing a community-centric platform. Here, budding entrepreneurs have the invaluable opportunity to glean insights from industry experts, refine their ideas and…

udaan-logo
Posted in Business

Udaan Secures $340 Million in Series E Funding, Experiences 59.3% Valuation Dip

by SA TeamPosted on

Three points you will get to know in this article: Udaan, the B2B e-commerce platform, recently revealed a substantial boost in funding with a noteworthy $340 million injection during its Series E round. The financing was jointly led by M&G Plc and Lightspeed Partners Venture, alongside ongoing support from existing investors like DST Global and Tencent, among others. It’s worth…

flipkart logo
Posted in BusinessEcommerce

Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion

by SA TeamPosted on

Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…
Posted in BusinessHealthcare

Healthkart Witnesses Remarkable Revenue Surge, Soaring 2.7 Times to Rs 832 Crore in FY23

by SA TeamPosted on

Three points you will get to know in this article: Over the FY18-FY21 span, Healthkart experienced a plateau in its growth trajectory, yet over the last couple of years, the company has successfully reignited its upward momentum. Remarkably, the nutritional powerhouse saw its revenue skyrocket by 2.7 times, reaching Rs 832 crore in FY23, a significant leap from Rs 307…

udaan-logo
Posted in BusinessEcommerceSocial Media

Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation

by SA TeamPosted on

Three points you will get to know in this article: In September, Udaan, the B2B e-commerce platform, underwent a strategic restructuring that led to the unfortunate layoff of over 100 dedicated employees. The company, headquartered in Bengaluru, undertook a comprehensive reorganization, uniting its essentials business encompassing FMCG, staples, and pharma with the discretionary business covering general merchandise, lifestyle, and electronics.…

Zomato logo
Posted in Business

Zomato Witnesses INR 1,127 Crore Block Deal, with SoftBank Likely as the Seller

by SA TeamPosted on

Three points you will get to know in this article: Zomato, the prominent player in the food tech industry, experienced an upward momentum in its stock value during the initial trading hours this Friday, December 8th. This positive movement was fuelled by a significant block deal. In this noteworthy transaction, approximately 1.06% ownership of the company, equivalent to 9.35 crore…

paytm logo
Posted in BusinessDaily Feeds

Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks

by SA TeamPosted on

Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…

sea-fund-logo
Posted in AutomobileBusiness

Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups

by SA TeamPosted on

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…

Zomato logo
Posted in BusinessDaily Feeds

Zomato Shares Open Flat as Tax Authorities Issue Notice to Food Delivery Firms

by SA TeamPosted on

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…

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