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Rapido's bike-taxi empire is under fire. Its bet: biryani, cabs and credit

New Delhi, Aug. 26 -- These days, Rajesh, who used to be a bike-taxi rider with Rapido, no longer ferries passengers across Bengaluru. With the two-wheeler service being declared illegal, he like othe... Read More


Blinkit execs cash in after Eternal's Q1 results

New Delhi, Aug. 22 -- Eternal executives moved quickly after Q1 results, first exercising stock options in bulk and then pledging and selling chunks of that stock just two weeks later. Just a week af... Read More


Motilal Oswal Alternates raises $800 million in private equity fund

New Delhi, Aug. 21 -- Motilal Oswal Alternates has raised $800 million for its fifth private equity fund, exceeding its initial target of $750 million, backed by global investors such as the Internati... Read More


Kissht files DRHP for Rs.1,000 crore IPO, early investors to partially exit

New Delhi, Aug. 19 -- Digital lending platform Kissht, operated by OnEMI Technology Solutions, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) ... Read More


Ghost prescriptions, dark stores: Why quick delivery of medicine has become a headache

New Delhi, Aug. 17 -- Quick-commerce medicine delivery is heating up, with Zepto recently joining Blinkit and Swiggy Instamart in the race. But as the space gets crowded, concerns are mounting over pr... Read More


NRT in talks to raise Rs.450-crore Series B round from Cornerstone Ventures, others

New Delhi, Aug. 15 -- Bengaluru-based defence startup NewSpace Research and Technologies Pvt. Ltd (NRT) is in talks to raise a Rs.450-crore Series B round, led by Cornerstone Ventures, by the end of t... Read More


With stellar Q1, Mamaearth parent signals recovery after distribution overhaul

New Delhi, Aug. 12 -- After a challenging year spent overhauling its distribution model, Honasa Consumer Ltd, the parent of Mamaearth, has delivered its highest-ever quarterly revenue and profit. In t... Read More


IndiGo's VC arm to back early-stage startups, gain early innovation edge

MUMBAI, Aug. 12 -- India's largest airline, IndiGo, is expanding far beyond flying through its corporate venture capital (CVC) arm, IndiGo Ventures. The new entity is zeroing in on aviation and allied... Read More


Dark-store boom speeds up deliveries but shrinks quick-commerce rider pay

New Delhi, Aug. 12 -- Consumers of quick commerce are thrilled by speed, but for the delivery guy, it's hardly a joyride. Companies like Instamart, Blinkit and Zepto that deliver grocery and other ho... Read More


The great Indian shuttle experiment is stuck in traffic

New Delhi, Aug. 12 -- Rahul Desai, 31, didn't mind the distance-until he really started feeling it. The finance executive had moved to Ulwe, a fast-growing residential pocket in Navi Mumbai, two years... Read More