Peerzada Abrar

PhonePe launches shopping app for ONDC, marking e-commerce entry

Shopping app 'Pincode' to take on the likes of Amazon, JioMart

Cold chain startup Celcius raises Rs 100 crore from IvyCap, others

The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables

Want to make India an engineering and manufacturing hub: Legrand Group CEO

He said Legrand is planning to expand in the country, doubling down on investments and hiring about 500 people this year as well as make acquisitions

Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund

Cloud kitchen company says it will use financing to expand reach and diversify in offline market

Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report

Transacting users in this IPL is expected to grow by 25-30 per cent, with 60-65 per cent of them coming from tier-II cities and beyond

Electronics trade group announces IESA new council, Sanjay Gupta is new

Organisation represents the country's electronics system design and manufacturing industry

Global investors slash valuation of Indian unicorns amid funding winter

Investors are looking to mark down the valuations of top Indian tech firms in the range of 20 per cent to 50 per cent, according to analysts

Iron Pillar raises $129 mn to invest in global cloud firms from India

The venture capital firm said this is the first-ever Series B / C stage fund focused on investing in global cloud software companies from India

IPO only after achieving overall profitability: PhonePe CEO Sameer Nigam

We have raised $650 million as part of PhonePe's ongoing fundraise of up to $1 billion, said Sameer Nigam, CEO and founder of PhonePe

Edtech giant Byju's appoints GE and Vedanta executive Ajay Goel as CFO

The edtech giant hired has hired Goel to the company's financial operations, long-term business strategies, and path to profitability

Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar

Meesho competes with players such as Walmart-owned Flipkart, Amazon and Reliance's JioMart

Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role

Karthik Gurumurthy, another senior executive of the firm, reportedly going on sabbatical

ZestMoney looking to lay off employees after deal with PhonePe fails

ZestMoney founders held a town hall on March 30 and informed employees about layoffs across depts, say sources; not known yet how many would be asked to go

Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year

Byju's acquired AESL in 2021 for about $1 billion. Since then, Byju's said AESL's revenue and profits tripled

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Lapses in due diligence, valuation disagreements, funding winter, tough regulatory environment, fintech slowdown being cited as reasons

Unacademy gives pink slips to 380 employees in another round of layoffs

With this round of layoffs, Unacademy's workforce strength is down to under 3,000 compared to 6,000 in the early part of 2022

upGrad closes Rs 300 cr internal funding round from existing investors

Major investors in the rights include co-founder Ronnie Screwvala (Rs 212 cr) and Singapore-based Temasek (Rs 81 cr)

State govt web domains 'extremely vulnerable' to cyberattacks: Report

More than 700 credentials with passwords were leaked to the dark web in 2022, says study by cybersecurity firms

Fintech start-up Nimbbl raises $3.5 mn to improve market presence

Company says more than 4,000 merchants use its one-click payment checkout solution

Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh

The firm's annual profit was Rs 14 crore the last year