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IPO-Bound Cult.fit's Rishabh Telang Denies Forgery Allegations By Deepak Poduval

India, Aug. 8 -- Deepak Poduval, cofounder of Cult Fitness Pvt Ltd, has filed an FIR against his cofounder and brother-in-law Rishabh Telang at Bengaluru's Bellandur Police Station, alleging forgery, ... Read More


After Boycott Calls, Swiggy To Refund Alleged Unauthorised Charges To Restaurants

India, Aug. 7 -- After restaurateurs threatened to boycott Swiggy, the foodtech giant has reportedly agreed to refund promotional charges, which were allegedly levied on restaurant partners without pr... Read More


SEBI Clears IPOs Of Rediff, PlaySimple

India, Aug. 7 -- Markets regulator SEBI has given its go-ahead to the initial public offerings (IPOs) of AvenuesAI's (formerly Infibeam Avenues) subsidiary Rediff and mobile game developer PlaySimple.... Read More


Gains From Unexercised ESOP Buybacks Taxable As Capital Gains: ITAT

India, Aug. 6 -- The Income Tax Appellate Tribunal (ITAT) has ruled that gains arising from the repurchase of vested, unexercised employee stock options (ESOPs) are taxable under the long-term capital... Read More


Fisdom Cofounders Set To Exit Groww A Year After $150 Mn Acquisition

India, Aug. 6 -- Wealth management startup Fisdom's cofounders Subramanya SV and Anand Dalmia are set to exit Groww upon completing a one-year planned transition, following the listed fintech major's ... Read More


IPO-Bound Shiprocket FY26 Loss Widened 7%YoY To Rs.79 Cr

India, Aug. 6 -- In the run up to go public, logistics unicorn Shiprocket's consolidated loss for the fiscal year FY26 increased by around 7% YoY to Rs.79.2 Cr from Rs.74.4 Cr in the previous fiscal y... Read More


Reliance Retail Acquires Fashion Discovery Platform Furrl

India, Aug. 5 -- Reliance Retail (RRVL) has acquired Bengaluru-based fashion discovery platform Furrl in an all-cash deal for an undisclosed sum, bringing the startup's proprietary AI styling platform... Read More


ArisInfra Q1 Profit Surges 4X YoY To Rs.20 Cr, Revenue Grows By 37%

India, Aug. 5 -- B2B ecommerce company ArisInfra Solutions recorded a consolidated profit after tax (PAT) of Rs.20 Cr in Q1 FY27, nearly 4X of its PAT of Rs.5.1 Cr in the year-ago period. On a sequen... Read More


AI Concierge Startup Hulp Raises $2.6 Mn From Sparrow Capital, BITKRAFT

India, Aug. 5 -- Household assistance startup Hulp has raised $2.6 Mn (about Rs.25 Cr) in a seed funding round led by VC firms Sparrow Capital and BITKRAFT Ventures. While early stage VC DeVC also pa... Read More


Elevation Capital, Peak XV Partners Sell Meesho Stock Worth Rs.1,949 Cr

India, Aug. 4 -- VC firms Elevation Capital and Peak XV Partners cumulatively sold 10.28 Cr shares of ecommerce major Meesho via multiple bulk/block deals on August 4, netting Rs.974.6 Cr apiece. Ele... Read More