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Meesho Rival CityMall Bags $47 Mn To Expand Private Labels Portfolio

India, Sept. 2 -- Delhi NCR-based social commerce startup CityMall has raised $47 Mn (around INR 414 Cr) in its Series D funding round led by Accel, with participation from existing investors includin... Read More


DriveU Cofounder Ashok Shastry Steps Down

India, Sept. 2 -- On-demand driver aggregator platform DriveU's cofounder Ashok Shastry has stepped down from his day-to-day role at the startup. He will continue to be on DriveU's board. In a detail... Read More


Venturi Partners Marks First Close Of Its Second Fund At $150 Mn

India, Sept. 2 -- Consumer-focussed VC firm Venturi Partners has marked the first close of its second fund at $150 Mn (around INR 1,300 Cr). The fund has a target corpus of $225 Mn (about INR 2,000 Cr... Read More


Tesla Gets Orders For 600 EVs In India

India, Sept. 2 -- Automotive giant Tesla's India debut has been underwhelming, with the company reportedly receiving orders for 600 electric cars since it opened sales in the country on July 15. Citi... Read More


boAt, Urban Company Get SEBI Nod For IPO

India, Sept. 2 -- Imagine Marketing, the parent of wearables and audio brand boAt, has received markets regulator SEBI's approval for its IPO. This comes over four months after the company pre-filed i... Read More


Peak XV Sees Yet Another Exit, MD Harshjit Sethi Quits

India, Sept. 2 -- In yet another top-level exit at Peak XV Partners, its managing director Harshjit Sethi has quit the VC firm to explore new opportunities. Sethi took to LinkedIn to announce his dec... Read More


Ola Electric Zooms Over 12%, Ather Energy Hits All-Time High

India, Sept. 1 -- Shares of EV makers Ather Energy and Ola Electric rose sharply in the intraday trade today. Ola Electric continued the strong momentum seen over the past few sessions, with its shar... Read More


MPL To Lay Off 60% Of India Staff: Report

India, Sept. 1 -- Gaming unicorn Mobile Premier League (MPL) plans to let go of around 60% of its India workforce following the ban on online real money games (RMG). MPL cofounder Sai Srinivas Kiran,... Read More


UPI Transactions Cross 20 Bn Mark In August

India, Sept. 1 -- UPI transactions rose 2.8% month-on-month to 20.01 Bn in August, touching a fresh all-time high. On a year-on-year basis, the transaction count jumped 34%. This is the second consec... Read More


Zomato Denies Moving To Zero Commission Model For Restaurants

India, Sept. 1 -- Food delivery major Zomato's parent Eternal is said to be weighing alterations to its commission models and has begun discussions with restaurants across the country. As per an NDTV... Read More