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Delhivery Dissolves Its UK Subsidiary

India, June 12 -- Logistics giant Delhivery said it has dissolved its wholly-owned UK subsidiary Delhivery Corp. ".we would like to inform you that Delhivery Corp Limited ("Delhivery Corp"), incorpor... Read More


NBFC FlexiLoans Bags INR 375 Cr To Boost Its Product Offerings

India, June 10 -- Non-banking financial company (NBFC) FlexiLoans has secured INR 375 Cr (around $43.8 Mn) as a part of its ongoing Series C funding round. The round, which was a mix of primary and s... Read More


Wakefit Converts Into Public Entity In Run-Up To IPO

India, June 9 -- Bengaluru-based D2C furniture and mattress startup Wakefit has converted into a public company as readies for an initial public offering (IPO). As per the startup's MCA filing access... Read More


Cryptos Likely To Hamper Financial Stability, Says RBI Governor

India, June 6 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra said on June 6 that cryptocurrencies may affect the country's financial stability. Malhotra was replying to a question at a media... Read More


OYO To Expand Its Company-Serviced Hotels To Drive Revenue

India, June 6 -- Hospitality giant OYO is looking to expand its company-serviced hotels like Townhouse and SUNDAY to boost revenue. OYO is aiming to increase the booking revenue of such hotels from 2... Read More


Bhavish Aggarwal Tops Up Collateral With INR 20 Cr As Ola Electric Stock Skids

India, June 5 -- Ola Electric founder and chief executive Bhavish Aggarwal has reportedly paid around INR 20 Cr ($2.3 Mn) in cash to top up collateral for borrowings against shares on back of a sustai... Read More


Feminine Hygiene Startup Plush Nets INR 40 Cr

India, June 5 -- Feminine hygiene D2C startup Plush has raised INR 40 Cr (around $4.6 Mn) in its Series B funding round led by Premji Invest's former senior partner Rahul Garg. The round saw particip... Read More


Gaurav Munjal Likely To Hold Larger Stake In Airlearn Post Spin Off

India, June 5 -- Gaurav Munjal might hold a larger stake in Unacademy's artificial intelligence-powered language learning app Airlearn than he currently holds in the parent entity. A Mint report, cit... Read More


Swiggy Shares Rally 7% After Morgan Stanley Initiates Coverage With 'Overweight' Rating

India, June 4 -- Swiggy's shares surged over 7% to INR 357.55 during the intraday trading session on the BSE today following Morgan Stanley's initiation of coverage with an 'overweight' rating. With ... Read More


[Update] Swiggy Shares Rally 9% After Morgan Stanley Initiates Coverage With 'Overweight' Rating

India, June 4 -- Update | June 04, 04:30 PM Shares of Swiggy surged over 9% to INR 365 during the intraday trading session on the BSE today following Morgan Stanley's initiation of coverage with an '... Read More