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Zepto Files Confidential Draft Papers For Over $1.3 Bn IPO

India, Dec. 27 -- Quick commerce major Zepto has pre-filed the draft papers for an over $1.3 Bn (around INR 11,682 Cr) IPO with markets regulator SEBI, sources told Inc42. As reported earlier, the Aa... Read More


IndiaMART Moves Calcutta HC Against OpenAI Over Alleged ChatGPT Exclusion

India, Dec. 26 -- IndiaMART has moved the Calcutta High Court against OpenAI, alleging that its website and listings have been excluded from responses generated by ChatGPT. The B2B marketplace said th... Read More


Zepto Gets Board Nod To Raise INR 11,000 Cr Via IPO

India, Dec. 26 -- Quick commerce startup Zepto has taken another formal step towards its highly anticipated initial public offering (IPO) by gaining its shareholders approval for a proposal to raise u... Read More


Rapido App Faces Nationwide Outage

India, Dec. 24 -- Ride-hailing platform Rapido is facing a service outage, with users across multiple cities reporting log in failures and ride disruptions. Several users flagged the issues on social... Read More


Defence Electronics Firm CoreEL Technologies Raises $30 Mn

India, Dec. 23 -- Bengaluru-based aerospace and defence technology company CoreEL Technologies has raised $30 Mn (about INR 268 Cr) in its Series B funding round. The round was led by ValueQuest Scal... Read More


[Update] OYO Parent PRISM Gets Shareholders' Nod For INR 6,650 Cr IPO

India, Dec. 23 -- [Update] December 23, 15:15 IST PRISM, the parent of hospitality unicorn OYO, has received the approval from its shareholders to raise up to INR 6,650 Cr via a fresh issue of equity... Read More


Exclusive: Yellow.ai Lays Off Over 100 Employees Amid Automation Push

India, Dec. 23 -- Conversational AI startup Yellow.ai has laid off more than 100 employees over the past few weeks amid rising automation, sources told Inc42. The layoffs affected about 30% of the sta... Read More


Paytm Sets Up Two New Overseas Units, Raises Funds For UAE Unit

India, Dec. 22 -- Adding to its overseas push, listed fintech major Paytm has announced that it is setting up new subsidiaries in Indonesia and Luxembourg as well as bringing onboard a new investor to... Read More


Mswipe Gets Payment Aggregator Licence For Online & Offline Payments

India, Dec. 22 -- Mumbai-based fintech startup Mswipe Technologies has received the final payment aggregator (PA) licence from the Reserve Bank of India (RBI) for both online and physical payment mode... Read More


PowerUp Money Bags $12 Mn To Expand Mutual Fund Advisory

India, Dec. 22 -- Wealthtech startup PowerUp Money has raised $12 Mn (about INR 107 Cr) in its Series A funding round led by Peak XV Partners. The round also saw participation from existing investors ... Read More