BUSINESS
Wealth management platform Waterfield Advisors in talks to raise Rs 130 crore
Waterfield is seeking a valuation of $80-100 million (Rs 680-850 crore), sources told Moneycontrol.
BUSINESS
Epigamia co-founder Rohan Mirchandani passes away at 41 due to heart attack
"Rohan’s vision and values will continue to guide us as we work together to honor the foundation he built and ensure that his dream continues to flourish," a company spokesperson said.
BUSINESS
Zomato’s Blinkit picks former Flipkart executive Vipin Kapooria as its CFO
Kapooria is also Blinkit's first full-time designated CFO in around two years. The move to have a full-time CFO comes just a few months after Zomato said Blinkit is the company’s most important business division and that the vertical will be even bigger than its core food delivery business
BUSINESS
Citykart, a value retail chain company, discusses Rs 340-crore round with A91 partners, TPG NewQuest
Citykart was founded by Sudhanshu Agarwal, a former executive at Vishal Mega Mart which is now his company's primary competitor. Citykart is being valued at around Rs 1,350-Rs 1,500 crore during the ongoing round, sources told Moneycontrol.
BUSINESS
Zepto HR head Martin Dinesh Gomez quits; CEO Aadit Palicha takes over function
While CEO Palicha is handling some of Gomez’s tasks, Zepto’s chief brand officer Chandan Mendiratta will head the other human resource (HR) functions as Chief Culture Officer, sources told Moneycontrol.
BUSINESS
MB Patil says private cos won't be allowed to exploit state funds as Lenskart picks Telangana over Karnataka
A major point of contention was the amount of subsidy that was being offered. While the state government was ready to walk half way, Lenskart's demands were unreasonable, sources told Moneycontrol.
BUSINESS
Internet provider Wiom nears deal with Accel, Bertelsmann to raise around Rs 85 crore
The company is engaging with Prosus and it is likely that the Dutch investor will also come onboard along with the other two venture capital firms, which could increase the total round size, sources told Moneycontrol.
BUSINESS
Difficult to comment on quick commerce market share when competitor’s information is picky: Swiggy chief Sriharsha Majety
Swiggy chief Sriharsha Majety's comments comes at a time when Zepto's Aadit Palicha said his company's gross order value (GOV) has grown to $2 billion, ahead of Swiggy Instamart's $1.6 billion.
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.
