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Exploring Right Time For Flipkart IPO: Walmart International CEO

India, May 16 -- Amid reports of Flipkart mulling a public listing, a senior executive at parent Walmart has said that the company is exploring the "right time" for the ecommerce giant's initial publi... Read More


EV Components Maker Matel Bags $4 Mn From Transition VC, Others

India, May 16 -- Matel, a startup which makes components like power trains and motor control units for electric vehicles, has raised $4 Mn (INR 33.3 Cr) in a Series A funding round led by Transition V... Read More


IPO-Bound Awfis Posts INR 19 Cr Loss In The First Nine Months Of FY24

India, May 16 -- Coworking startup Awfis, which is all geared up for an INR 599 Cr initial public offering (IPO), continued to remain a loss-making entity in the first nine months of the financial yea... Read More


Soket AI Labs Partners Google Cloud To Launch Open-Source Multilingual Model Pragna-1B

India, May 16 -- Homegrown GenAI startup Soket AI Labs has launched India's first open-source multilingual foundational model Pragna-1B in partnership with Google Cloud. As per CNBC-TV18, the model w... Read More


Digit IPO Subscribed 79% On Day 2, Retail Investors Show Highest Interest

India, May 16 -- Insurtech unicorn Go Digit General Insurance's (Digit) public issue was subscribed 0.79X on the second day (May 16) of the bidding for its initial public offering (IPO), a slight impr... 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


PB Fintech CEO Yashish Dahiya, Vice Chairman Alok Bansal To Offload Stake In Co

India, May 16 -- Top executives of PB Fintech - Yashish Dahiya and Alok Bansal - are planning to sell up to 83.7 Lakh shares in the company via block or bulk deals. As per an exchange filing on Thurs... Read More


SolarSquare Nets $4.2 Mn To Scale Up Its Solar Tech Portfolio

India, May 16 -- Rooftop solar solutions startup SolarSquare has secured $4.2 Mn (around INR 35 Cr) in a fresh funding from Zerodha Technology, Abhijeet Pai and Nikhil Kamath's Gruhas Proptech, Lowerc... Read More


Info Edge To Invest Another INR 15 Cr In Agritech Startup Gramophone

India, May 16 -- Sanjeev Bikchandani-led internet company Info Edge is further increasing its stake in agritech startup Gramophone with an investment of INR 15 Cr (about $1.8 Mn). In an exchange fili... Read More


Zoho Eyes Semiconductor Foray, Plans $700 Mn Investment To Set Up Chip Fabrication Unit

India, May 16 -- Sridhar Vembu-led SaaS unicorn Zoho is reportedly looking to enter the semiconductor space and has applied to the Centre to seek approval to get incentives under the production linked... Read More