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Wakefit, Lenskart Gets SEBI Nod For IPO

India, Oct. 6 -- D2C furniture and mattress startup Wakefit Innovations has received the Securities and Exchange Board of India's (SEBI) nod to undertake its initial public offering (IPO). As per the... Read More


Zappfresh IPO Subscribed 94% On Day 5; Retail Interest Remains Weak

India, Oct. 3 -- After extending its IPO on September 30, Zappfresh's public offering is yet to sail through on day five. As per Chittorgarh data, the issue was subscribed 94% at the end of October 3.... Read More


CCPA Probing Ecommerce Platforms For Cash On Delivery Dark Patterns

India, Oct. 3 -- The Central Consumer Protection Authority (CCPA) has begun investigating complaints against ecommerce platforms for charging additional fees on cash-on-delivery (CoD) orders. Respond... Read More


Zepto To Raise $400 Mn At $7 Bn Valuation

India, Oct. 1 -- Quick commerce major Zepto is planning to raise around $400 Mn (about INR 3,500 Cr) at a valuation of $7 Bn, with US pension fund Calpers leading the round, according to sources. Othe... Read More


BNPL Startup Simpl Lays Off 80 Employees After RBI Whiplash

India, Oct. 1 -- In the wake of RBI clampdown, buy now pay later (BNPL) startup Simpl has laid off around 80 employees. While the layoffs happened across functions, the sales and marketing team were t... Read More


Abhishek, Aishwarya Rai Bachchan Sue YouTube Over Deepfake Videos

India, Oct. 1 -- Amid increasing deepfake incidents, actors Abhishek Bachchan and Aishwarya Rai Bachchan have reportedly moved the Delhi High Court (HC) separately against streaming giant YouTube to p... Read More


RBI Evaluating Platform To Lock Phones After Loan Defaults

India, Oct. 1 -- The Reserve Bank of India (RBI) is evaluating a platform that would allow lenders to remotely lock mobile phones bought via credit in the event of borrower defaults. "We are assessin... Read More


Aequs FY25: Loss Soars 7X YoY To INR 102 Cr

India, Oct. 1 -- Bengaluru-based contract manufacturing startup Aequs saw its net loss soar 618.7% to INR 102.3 Cr in the fiscal year 2024-25 (FY25) from INR 14.2 Cr in the year ago period, on the bac... Read More


What's In A Name? For GoBoult, Another Courtroom Clash

India, Oct. 1 -- D2C consumer electronics brand Boult Audio's attempt to rebrand itself as GoBoult has hit a legal roadblock. A Bengaluru commercial court has issued an ad-interim injunction restraini... Read More


Now, Bengaluru Court Restrains GoBoult From Using Brand Name

India, Oct. 1 -- D2C consumer electronics brand Boult Audio's attempt to rebrand itself as GoBoult has hit a legal roadblock. A Bengaluru commercial court has issued an ad-interim injunction restraini... Read More