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Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved…

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Swiggy makes a grand debut, stock surges 10% on first day of listing

Food delivery giant Swiggy debuted on the Indian stock market with its shares listing at a premium …

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Swiggy sets IPO price band between Rs 371-390/share; offer likely to open on November 6th. Here's all you need to know

The offer will conclude on November 8, and the listing is tentatively scheduled for November 13, 20…

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Karnataka announces cess on transactions conducted through aggregator platforms such as Swiggy, Zomato, Uber and more

The government of Karnataka has announced to impose new cess on transactions conducted through aggr…

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Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of th…

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Swiggy IPO likely in November, looking to raise Rs 11,000 crore; Rahul Dravid, Karan Johar bite into pre-IPO pie

The firm is likely to raise around Rs 11,000 crore, which will include a fresh issue of Rs 5,000 cr…

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A billion little pieces: Unicorns lose bragging rights as funding winter deepens

A unicorn, by its very definition, is a rare creature only to be found in myths and fairytales. Not…

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SoftBank sells another 2% stake in Paytm, offloads ₹3,800 cr worth shares in FY24

Japanese investment giant SoftBank has sold an additional 2 per cent stake in Paytm's parent compan…

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Zomato stock up after 10 crore shares worth ₹947 crore change hands

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of th…

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Wearables startup Ultrahuman raises $35 million to accelerate growth

Homegrown wearables startup Ultrahuman on Wednesday announced that it raised $35 million in a serie…

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BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun

The second edition of the Burgundy Private Hurun India 500 report featured India’s 500 most valuabl…

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Angel tax changes to cheer investors, aid late-stage funding say experts

The Central Board of Direct Taxes (CBDT) in India has changed its rules relating to angel tax, a de…

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Homegrown healthtech platform Cult.fit raises $10.2 million

Tata Digital-backed healthtech platform Cult.fit (formerly Cure.fit) has raised $10.2 million in it…

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Zomato and Swiggy invest in this restaurant management company that fulfils 2 in 10 food deliveries in India

India’s biggest food delivery businesses Zomato and Swiggy on Monday morning announced their latest…

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From 0 to $100 million in 5 years – That’s how long startups founded in 2017 took to scale up, says Redseer report

The average time taken by startups to reach revenue of $100 million has gone down significantly in …

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Startups in these sectors beat funding winter, attract young talent and capital

The year of 2023 has been a bad year for the once booming startups, as the funding winter has taken…

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EazyDiner raises ₹40 crore from DMI Alternative Investment Fund

Online restaurant table reservation and payments platform EazyDiner said that it has raised ₹40 cro…

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Zomato-backed Shiprocket acquires B2B logistics aggregator platform Rocketbox

The Rocketbox (now Rocketbox by Shiprocket) founders will join the Shiprocket leadership team an…

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Cult.fit’s parent company Curefit is the 36th unicorn in town

Health and wellness startup Curefit is the 36th startup to enter the unicorn club, after raising $5…

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Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 cr…