BUSINESS
Swiggy aims to turn operationally profitable by December 2025
Quick-commerce is in the investment phase, amidst rapid expansion of its addressable market and substantial competitive intensity in the near term, the company said.
BUSINESS
SoftBank’s Masayoshi Son goes all in on AI during lunch meeting with founders in India
The meeting was all about AI, more AI and most AI. Masa also indicated that he will invest more in India in the coming years than all previous years combined, a founder who had lunch with him told Moneycontrol.
BUSINESS
Flipkart-backed Shadowfax picks JM Financial, Morgan Stanley, ICICI Securities for 2025 IPO
The IPO size is likely to be around Rs 2,500 crore – or roughly in the Rs 2,000 crore to Rs 3,000 crore range depending on how strong the response is, a source told Moneycontrol.
BUSINESS
Pine Labs picks bankers for $1-bn IPO, gears up to go public in first half of FY26
A secondaries transaction, where existing backers will sell shares in the company and make way for new investors, to the tune of around $100 million is also being planned in a pre-IPO round
BUSINESS
Global AI Conclave: LLMs vs applications? Lightspeed, Premji Invest, Accel and Peak XV Partners weigh in
LLM is an advanced AI system trained on vast amounts of text data to understand and generate human-like language. It can answer questions, write text, and assist with tasks by predicting words based on context.
BUSINESS
Global AI Conclave: Politics has infiltrated Silicon Valley for the first time; not dealt with this before, says General Catalyst’s Hemant Taneja
His comments come at a time when the entire tech fraternity is discussing Tesla chief Elon Musk’s close ties with US President-elect Donald Trump and the influence the former has on the government.
BUSINESS
Global AI Conclave: Unlikely to invest in companies that are building LLMs, says Premji Invest’s TK Kurien
While Premji Invest has conviction around the Indian AI ecosystem, it is yet to find the founders who can build scaled businesses and come from the services side, TK Kurien said.
BUSINESS
Global AI Conclave: India will be at a disadvantage if it doesn’t join the LLM race, says General Catalyst’s Hemant Taneja
LLM is an advanced AI system trained on vast amounts of text data to understand and generate human-like language. It can answer questions, write text, and assist with tasks by predicting words based on context.
BUSINESS
Zepto founder Aadit Palicha denies killing kiranas, says quick commerce will create more jobs than Indian Railways
In a wide-ranging interview with Moneycontrol, Palicha asserted Zepto is an Indian company that is not controlled by Americans, unlike Amazon and Flipkart parent Walmart.
BUSINESS
Roaring again! Tiger Global on the prowl, amps up investments, involvement with Indian startups
In line with its selective investment approach, Tiger Global is now more inclined towards doubling down on an existing portfolio company only if it can provide an exit in the near term
BUSINESS
Zepto’s cash burn zooms to Rs 250 crore a month on rising capex, closes Rs 2,500 crore funding round
Zepto founder and CEO Aadit Palicha confirmed the developments and said investors are confident with the mature store profitability which is why the company has successfully raised the largest ever 100% domestic financing for a private startup in Indian history.
BUSINESS
What's hurting Mamaearth? Inventory correction, quick commerce and competition from new online brands
The emergence of social media and the rapid rise of quick commerce are a few factors that are hurting Mamaearth. The company however plans to invest in innovation, R&D and nurse the company back to health.
BUSINESS
Patience, vindication, joy: Scenes from Swiggy’s successful listing
From predicting the opening share price and discussing who earned how much from their bet on Swiggy to how life changes post listing, the NSE hall was abuzz with longtime supporters of Swiggy. Over 150 of them donned flashy orange zip-up jackets, mirroring Swiggy delivery executives.
BUSINESS
Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO
The 70 staffers are part of a wider group of 5,000 employees who earned a staggering Rs 9,000 crore in total, thanks to healthy ESOP payouts, as reported by Moneycontrol earlier
BUSINESS
Swiggy IPO to mint 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total
Swiggy’s employee stock option (ESOP) payout exercise will be among the top ones in India’s startup scene where companies generating wealth at this scale is rare
BUSINESS
You’re hired! Swiggy adds Flipkart, Amazon executives to cart amid e-commerce push
At least a dozen senior executives from these platforms have joined Swiggy in the last year, as the IPO-bound firm looks to expand beyond food and grocery delivery.
BUSINESS
Edtech startup Bhanzu nears deal to raise Rs 140 crore from Epiq Capital, others
The funding into Bhanzu comes at a time when investor interest in the larger edtech sector has increased over the past months. A slew of edtechs – such as PhysicsWallah (PW), Eruditus, UpGrad – have all raised money in the past few months, Moneycontrol reported earlier.
BUSINESS
Meesho revenue jumps 33% to Rs 7,615 cr in FY24, adjusted loss declines 97%
Costs during the year went down since the launch of Valmo, its in-house logistics service, which has helped the company reduce reliance on 3PL players for shipments, and gave it more bargaining power.
BUSINESS
India needs to invest more on public and private sector side to catch up with the US, says GitHub CEO Thomas Dohmke
As of June, India was estimated to have more developers than the US by 2027. That timeline has now been pushed out by a year to 2028. The latter’s acceleration and innovations continues to put it ahead of the others.
BUSINESS
GitHub’s developer base in India crosses 17 million, retains tag of fastest growing community in the world
India's booming developer community is using AI to build AI in record numbers, making it evermore likely that the next great multinational will come from the region, GitHub CEO Dohmke said.
COMPANIES
Vridhi Home Finance nears deal to raise Rs 300 crore from Norwest Venture Partners
The two-year old company, founded by veteran mortgage bankers, is commanding a valuation of $150 million, nearly double of $70-80 million from last year, sources told Moneycontrol
BUSINESS
Captain Fresh picks Axis Capital, BofA as bankers for $400 million public listing; prepares for pre-IPO fundraise
Captain Fresh is preparing to raise $50-60 million in a pre-IPO round led by existing investor Accel. Others like Tiger Global, BII and Prosus will also participate, sources told Moneycontrol.
BUSINESS
Zomato-owned Blinkit to set up express dark stores for 30-minute delivery of high-value items
Internally, Blinkit plans to facilitate these deliveries through a chain of “express dark stores” and is aiming to launch the offering around the middle of FY26, sources told Moneycontrol.
BUSINESS
Zomato founder Deepinder Goyal registers Continue, a longevity venture focussed on health tracking, mental wellness
To be sure, this is Goyal’s personal passion at this point. In a statement to Moneycontrol, a company spokesperson said, “Zomato isn’t venturing into any new space, and continues to focus on its four businesses.”
