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Vedantu FY23: Loss Narrows 46% To INR 373 Cr, Revenue Also Declines

India, June 1 -- Bengaluru-based K-12 edtech startup Vedantu managed to narrow its consolidated net loss in the financial year ended March 31, 2023. The Vamsi Krishna-led startup's loss declined 46% t... Read More


Fintech Unicorn Oxyzo's Profit Zooms 47% To INR 290 Cr In FY24

India, May 31 -- Fintech unicorn Oxyzo saw itsconsolidated net profit surge 47% to INR 290 Cr in the financial year 2023-24 (FY24) from INR 197.5 Cr in the previous fiscal year. The fintech arm of un... Read More


Exclusive: Paytm CHRO Swati Rustagi Quits, Likely To Join Adobe

India, May 31 -- In yet another top-level exit at Paytm, chief human resources officer (CHRO) Swati Rustagi is leaving the fintech giant, sources told Inc42. Rustagi recently resigned from the Vijay ... Read More


Exclusive: MediBuddy To Raise $8.4 Mn Debt Funding To Fuel Expansion Plans

India, May 30 -- Bengaluru-based healthtech startup MediBuddy is raising $8.4 Mn (about INR 70 Cr) debt funding from existing debt investors, including Innoven Capital and Alteria Capital, Inc42 has l... Read More


Exclusive: Amazon In Final Stages Of Acquiring MX Player From Times Internet For Over $100 Mn

India, May 29 -- After months of delays and speculations, US-based ecommerce giant Amazon is in the final stages of acquiring Times Internet-owned video streaming platform MX Player. Sources told Inc... Read More


Exclusive: Ecom Express To Pilot Drone Deliveries In Delhi NCR

India, May 27 -- Delhi NCR-based Ecom Express has become the latest Indian logistics company looking to leverage drones for faster deliveries. The Warburg Pincus-backed startup will begin a drone deli... Read More


Prosus' New Chief On Synergies Between Swiggy, Germany's Delivery Hero

India, May 27 -- Prosus' incoming CEO Fabricio Bloisi believes that portfolio companies Swiggy and Germany-based Delivery Hero have the opportunity to collaborate and explore synergies going forward. ... Read More


Paytm Withdraws General Insurance Licence Application, Focusses On Insurance Distribution

India, May 25 -- Delhi NCR-based fintech giant Paytm today said that its associate entity - Paytm General Insurance Ltd (PGIL) is withdrawing its general insurance licenses application, instead has in... Read More


Paytm Withdraws General Insurance License Application, Focuses On Insurance Distribution

India, May 25 -- Delhi NCR-based fintech giant Paytm today said that its associate entity - Paytm General Insurance Ltd (PGIL) is withdrawing its general insurance licenses application, instead has in... Read More


Exclusive: Zypp Electric Bags $14 Mn From Energy Giant ENEOS

India, May 25 -- Delhi NCR-based EV fleet management startup Zypp Electric has raised INR 115.7 Cr or $14 Mn in a fresh round of investment from Japanese energy giant ENEOS. As per the regulatory fili... Read More