BUSINESS
Exclusive: Ashneer Grover demands Rs 4,000 crore to leave BharatPe
Alvarez & Marsal and PwC are conducting a governance audit of BharatPe, examining allegations of fraudulent and related party transactions
BUSINESS
Exclusive: Suhail Sameer manipulated me into going on leave, says BharatPe founder Ashneer Grover
BharatPe founder Ashneer Grover has added a new layer of controversy, calling CEO Suhail Sameer the board's puppet, as communication lines among founder, CEO, board members and employees seem to have broken down.
BUSINESS
Visit to a dark store: Here’s what it takes to deliver that bag of groceries to you in 10 minutes!
With express grocery delivery becoming the new normal, Moneycontrol brings you a picture of the functioning of dark stores – an indispensible facet of the new-age economy.
BUSINESS
Scenes from Paytm's listing: Laughter and joy amid falling shares
Vijay Shekhar Sharma's masterful showmanship could not stop fintech firm Paytm's shares from falling on public debut in a white-hot market. Here's what it felt like at the BSE to witness a historic IPO, even though emotions and reality were poles apart.
BUSINESS
Indian tech unicorns get $225 million SPAC from top investors
According to a filing with the US Securities and Exchange Commission, Think Elevation Capital Growth Opportunities is looking to raise $225 million in an IPO.
BUSINESS
Zerodha’s Nithin Kamath and Zoho’s Sridhar Vembu open up about being bootstrapped, an impending bubble burst and more
Sridhar Vembu, founder of Zoho and Nithin Kamath, founder of Zerodha, opened up in the latest edition of Moneycontrol Masterclass about being bootstrapped, stock market bubbles, the challenges of Twitter and more.
BUSINESS
Exclusive: SaaS firm Chargebee guns for unicorn status with $1.4 billion valuation in fundraise
The fundraising round will likely be led by a fresh US-based investor, with existing backers Tiger Global Management, Steadview Capital and Insight Partners doubling down on their bets.
BUSINESS
Cannabis startup Hemp Horizons raises Rs 2 crore in seed funding
Founded by Rohit Shah, Kartikey Dadoo, and Kanishk Yadav, the company wants to make use of cannabis for medicinal purposes.
BUSINESS
Explainer: Why is fantasy gaming so hot, how does it really work, is Dream11 unique, and other questions answered
Whether it is a game of skill or a game of chance has long been debated. This question has reached the Supreme Court and the top court has suspended legal proceedings for now. It is legal in most states now. So, play and enjoy. If you’re lucky, you can get richer by Rs 1 cr.
BUSINESS
Exclusive: Kunal Shah’s Cred in talks to raise funds; aiming a valuation of nearly $800 million
Cred was last valued at $450 million in August 2019 when it raised $120 million in Series A round.
BUSINESS
LTCG exemption, lower tax for domestic investors to boost startup ecosystem: Govt panel
The government was also cautious about the large amount of foreign capital, including Chinese money, in Indian startups.
BUSINESS
Zomato plans to file for IPO in 2021 first half
Zomato, currently valued at $3.5 billion, plans to file for an initial public offering in the first half of next year, although whether it will list in India or the US is unclear.
BUSINESS
RIL AGM 2020: Why are sworn rivals Facebook and Google coming together in India’s Jio?
Google and Facebook have competed for ad dollars in every common market they are present- which is much of the planet (barring China).
BUSINESS
Exclusive | SoftBank in talks to back Unacademy at $1.2 billion valuation
If completed, investment could thrust online education platform into unicorn club.
BUSINESS
Tiktok, Helo, UC Browser among 59 Chinese apps banned: India's ShareChat to gain?
The Ministry of Information Technology, on June 29, banned 59 mobile apps, saying they are engaged in activities which are "prejudicial to the sovereignty and integrity of India, defence of India, security of state and public order.
BUSINESS
Unicorn alert: Unacademy seeks a billion dollar valuation
Unacademy has seen a particular spurt in revenue and growth in the past year after it started monetising Unacademy Plus.
BUSINESS
Personal finance apps are now as popular as TikTok due to Covid-19. Well, almost
Wealth management startups have seen faster adoption and more engagement than before, as online services have gained from the pandemic.
BUSINESS
Exclusive: Top funds write to govt for clarity on China FDI rule
Countries such as Spain, Germany, Australia, Italy have put curbs on FDI in their respective countries
