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Blinkit Delivery Partners Strike Over Pay Reduction; Services Disrupted In Delhi, Mumbai

India, May 20 -- Days after Zomato-owned quick commerce platform Blinkit announced a massive spike in revenue for FY24, delivery executives in Delhi and Mumbai staged protests over the last weekend, d... Read More


Subko Coffee Posts INR 14 Cr Sales In FY23, Incurs INR 9 Cr Loss

India, May 17 -- Mumbai-based specialty coffee and craft-baked goods brand Subko Coffee Roasters reported sales of INR 13.5 Cr in the financial year ended March 31, 2023. This was 94% higher than the ... Read More


Info Edge Q4: Posts Profit Of INR 88 Cr, Sales Soar To INR 657 Cr

India, May 16 -- Delhi NCR-based online classified company Info Edge reported a consolidated net profit of INR 87.9 Cr in Q4 of financial year 2023-24 (FY24) as against a net loss of INR 503 Cr in the... Read More


Exclusive: Battery Smart To Raise $45 Mn From Acacia, MUFG, Existing Investors

India, May 16 -- Delhi NCR-based battery-swapping startup Battery Smart is raising around INR 376.3 Cr (about $45 Mn) from existing and new investors in what seems to be a Series B funding round. As ... Read More


TBO Tek Makes A Strong Market Debut, Lists At Over 55% Premium On NSE

India, May 15 -- B2B travel portal Travel Boutique Online or TBO made a strong entry on the public market on Wednesday (May 15) as it listed at INR 1,426, a 55% premium over the issue price of INR 920... Read More


Peak XV Partners-Backed Awfis' IPO To Open On May 22

India, May 15 -- Coworking space provider Awfis's initial public offering (IPO) will open on May 22 and close on May 27, revealed its red herring prospectus (RHP). Ahead of the IPO, the startup will ... Read More


Wow! Momo's FY23 Sales Cross INR 400 Cr Mark

India, May 15 -- QSR chain Wow! Momo's revenue crossed the INR 400 Cr mark in the financial year ended March 31, 2023. The Kolkata-based startup, which sells momos through its stores across the countr... Read More


Amazon India Gets Fresh INR 1,660 Cr Investment From US Parent

India, May 14 -- Ecommerce major Amazon's US-based arm is investing INR 1,660 Cr in its Indian subsidiary Amazon India Seller Marketplace. As per regulatory filings, Amazon Seller Services Private Li... Read More


MapmyIndia's Q4 PAT Jumps 35% YoY To INR 38 Cr, Announces Dividend Of INR 3.5 Per Share

India, May 13 -- Geotech startup MapmyIndia's consolidated profit after tax (PAT) surged by 35% in the March quarter of FY24 to INR 38.2 Cr, from INR 28.3 Cr it had posted in the same period a year ag... Read More


Exclusive: D2C Sneaker Brand Comet To Raise Series A Funding From Elevation Capital, Nexus

India, May 11 -- Bengaluru-based D2C sneaker brand Comet is in advanced stages of discussions with Elevation Capital and Nexus Venture Partners to raise Series A funding, sources told Inc42. "The rou... Read More