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The Crucial Five: Decoding Swiggy's Roadmap To A Blockbuster $1.2 Bn Public Listing

India, May 6 -- Swiggy seems to be racing against time to show decent numbers as it gets ready for a mega $1.2 Bn IPO, comprising a fresh issuance of $450 Mn and an offer for sale (OFS) component wort... Read More


Deeptech Startup Mindgrove Rolls Out First India-Made Microcontroller Chip

India, May 6 -- IIT Madras incubated semiconductor startup Mindgrove Technologies has rolled out India's first commercial high-performance SoC (system on chip) called Secure IoT. The chip is designed ... Read More


Classplus Invests In Gujarat-Based Test Prep Platform GyanLive

India, May 6 -- Edtech unicorn Classplus has announced an undisclosed strategic investment in Gujarat based state government exam prep startup GyanLive. Based in Gandhinagar, the startup was founded ... Read More


Eyewear Startup QUE Ropes In Shikhar Dhawan As Investor

India, May 6 -- Eyewear brand QUE has roped in cricketer Shikhar Dhawan as an investor. In addition, Dhawan will also endorse the brand. Cofounded by Shashank Saurabh, Abhishek Deep and Kumar Vagish... Read More


Adda247 Hires Former NIIT Exec Bimaljeet Singh As CEO To Scale Up Higher Education Business

India, May 6 -- Bolstering its leadership, edtech startup Adda247 has appointed ex-NIIT president Bimaljeet Singh to lead its skilling and higher education verticals as the CEO. In a statement, Adda2... Read More


ICICI Bank Allows UPI For NRIs With Non-Indian Mobile Numbers

India, May 6 -- In another push for the unified payments interface, ICICI Bank has allowed NRI customers to sign up for UPI using international mobile numbers to make payments within India. ICICI Ban... Read More


CarTrade Back In The Black With INR 25 Cr PAT In Q4; Revenue Jumps 38% YoY

India, May 6 -- Online classifieds and auto auction platform CarTrade Technologies reported a 43% jump in profit after tax (PAT) to INR 25 Cr in the March quarter (Q4) of the financial year 2023-24 (F... Read More


KKR To Buy India's Medical Devices Firm Healthium Medtech From Apax Partners

India, May 6 -- Global private equity major KKR has agreed to acquire Bengaluru-based medical devices company Healthium Medtech Ltd from an affiliate of funds advised by Apax Partners LLP. However, t... Read More


Paytm Shares Down Nearly 5% After COO Bhavesh Gupta's Resignation

India, May 6 -- Shares of Paytm's parent entity One97 Communication dropped nearly 5% in the first hours of trading on Monday (May 6) to INR 351.70. At 12:24 PM, Paytm shares were trading at INR 352.... Read More


Agritech Startup Poshn Bags $4 Mn To Streamline Supply Chain

India, May 6 -- Agritech startup Poshn has raised $4 Mn (around INR 33.3 Cr) in equity and $2 Mn in debt in a pre-Series A funding round co-led by Prime Venture Partners and Zephyr Peacock India. The... Read More