The board of One 97 Communications approved several intra-group transactions on October 15, to consolidate its financial and technology entities under direct ownership.
The additional 5% stake costed Prosus around Rs 620-660 crore, taking its total investment in ixigo to around Rs 1,900-2,000 crore. Moneycontrol was first to report about the deal on October 10.
Mariwala is bullish on the growth of the quick commerce segment, expecting FMCG companies to get about 8-10 percent of their sales through it soon.
Promoters, including Mehta and the financial institutions such as Indian Overseas Bank and Central Bank of India, have together invested around Rs 25-30 crore to capitalise Acer Credit, which will operate from Gurugram and Mumbai
Coinbase believes that India and the Middle East are two markets that are poised to play a pivotal role in the future of global crypto adoption.
Nearly 76% of the entrepreneurs featuring on the list are first generation founders.
The kids from Bengaluru's Malleswara area will represent India in a competition where over 190 countries will participate
Platforms like Blinkit, Swiggy’s Instamart, and Zepto have also been asked by the government to showcase savings made on account of the GST rate cuts, sources said, adding that this strategy is key to ensuring that tax reductions are leading to lower retail prices on a daily basis.
Lenskart is expected to file its red herring prospectus (RHP) in the week of October 22 and plans to list on the stock exchanges no later than November 12, a source told Moneycontrol
NPCI’s move to spin off BHIM has yielded results, with the app quadrupling its transactions to 100 million within a year
The three-day event in Mumbai saw AI dominate conversations across panels and product launches, while fintech founders, regulators, and banks signalled a more measured phase of collaboration after last year’s wave of policy changes.
Once on the brink of collapse, Arpit Mittal’s YellowClass has re-emerged as SpeakX — an AI-powered spoken English platform that turned profitable within a year. Now, with a fresh infusion from WestBridge Capital, Elevation Capital and Goodwater Capital, the company wants to become synonymous with English speaking in India.
Vembu also cited countries like Japan, Korea, and China as examples where national pride and self-reliance have powered rapid development.
On the role of AI in programming, Vembu said he is a fan of AI-based coding and uses it extensively, but emphasized that it augments rather than replaces skilled programmers.
He drew parallels with the U.S., where AI investment has soared into the trillions of dollars but raised concerns about rising electricity costs and limited productivity gains.
The Zoho founder has also been engaging more with the company’s rural teams, visiting several rural centers and spending time with young engineers.
Vembu acknowledged that Zoho had to speed up its rollout plans as timelines advanced unexpectedly.
Vembu urged the government to make it mandatory for companies developing technology or AI models in India to register the resulting IP locally or license it to the parent entity abroad.
'As soon as the scheme is legally effective based on today’s verdict, we will start platform operations within 10 business days,' said founder Nischal Shetty
The latest round takes Dezerv’s total capital raised to over Rs 850 crore since its launch in 2021, as per the firm, including its $32 million (approx. Rs 270 crore) Series B round in July last year.
Deep-tech startup to set up new Bengaluru facility, launch new product lines, and scale annual capacity to 100,000 units
Peak XV Partners will sell about 3 percent to Prosus and Elevation Capital will sell another 2 percent to Prosus, taking Prosus' total holding to 15%, up from 10.1% as of October 10 for a total consideration of around Rs 1,900-2,000 crore, sources told Moneycontrol
While Mint reported a16z would set up an office in India, the VC fund's general partner, Anish Acharya denied those developments. "As much as I adore India and the many impressive founders+investors in the region, this is entirely fake news," he said on his X account.
Rusk Media plans to use the funds to accelerate its international expansion and create new Gen-Z entertainment IPs
"All this is completely baseless as we never signed any term sheet with any investor," Anmol Jain, co-founder, Astrotalk, said in response to Moneycontrol's detailed queries.
