The company has chosen to file its papers confidentially, looking to protect sensitive information from competitors such as Delhivery and Ekart
The firm plans to deploy to set up physical logistics and service fulfillment hubs in temple towns, and develop AI-led features for users on the app.
The fund was oversubscribed and closed within five months from launch, with support from existing investors, including a significant General Partner commitment, and a curated group of new investors.
Moneycontrol was first to report about Jumbotail’s $120 million fundraise from SC Ventures and others in a round which values the company at $1 billion, on March 27.
This marks Infra.Market’s second fundraising in 2025 after an equity round earlier this year from existing investors
Aukera plans to use the capital to double expand offline retail, omnichannel offerings and invest in product innovation and brand-building
Deepinder Goyal’s bet on the aviation venture could redefine regional air travel in India which is at a nascent stage, as uncertainty remains over regulatory clearance, technological capability and public adoption
Meesho's investors including Elevation Capital, Peak XV Partners, Prosus and SoftBank designated co-founder and CEO Vidit Aatrey as the chairman, managing director and CEO of the company, filings showed.
In an interview with Moneycontrol, Bajaj shares insights into this transformation, the massive market opportunity he sees ahead, and how Slice plans to serve over a billion Indians through innovative banking solutions.
Karnataka transport secretary NV Prasad told Moneycontrol that the government has received complaints of fare hikes by app-based autos after the bike-taxi ban and will take strict action.
Fresh off a $100 million funding round, Raphe mPhibr is lifting the veil on its decade-long effort to build fully indigenous, combat-ready drones in India
The key reason for the shift to profitability was the absence of ESOP-related expenses that dragged down FY24 earnings. That year, Pine Labs had booked a loss of Rs 187 crore, significantly impacted by Rs 234 crore in share-based payment expenses.
The D2C brand's IPO filing reveals strong revenue growth, aggressive capex plans, a huge founder and investor windfall.
In total, Wakefit is likely to raise around Rs 1,500-2,000 crore, or about $200 million through an IPO, Moneycontrol had reported earlier.
The fintech unicorn is contesting multiple tax demands, including a Rs 214 crore GST order and a separate GST audit claim, even as ED scrutiny and older service tax disputes remain unresolved.
CEO Amrish Rau is set to draw Rs 5.8 crore annually and received a Rs 3.76 crore bonus in FY25; he also holds equity and stock options worth up to Rs 1,000 crore
PhonePe enters co-branded credit card space with UPI-enabled offering in partnership with HDFC Bank
Kohli’s initial investment of Rs 40 crore is the first tranche of a larger round. He is set to invest more money personally and increase his involvement with Agilitas
While the OFS is primarily led by institutional investors, Pine Labs’ CEO Amrish Rau and Executive Chairman Lokvir Kapoor are also monetising a small portion of their holdings.
Zepto and Swiggy compete in the quick commerce industry and have been expanding offerings to rival each other in certain food categories through new offerings, too.
As per the DRHP, the proceeds from the fresh issue will be used to repay debt and invest in subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE.
Swiggy also holds around 11-12 percent stake in Rapido, which translates to $120-130 million at the current valuation of $1.1 billion.
The Flipkart co-founder is betting on a new AI-native OS for brands, built by his former team at Scapic and Flipkart Labs
The round is the largest private capital raise in the country’s aerospace manufacturing sector to date.
Mohapatra added that India is poised to lead in application-layer AI precisely because of its established capabilities.
