The new vehicle takes the India-focused venture growth firm’s total assets under management to $450 million, with a focus on building category-defining companies and preparing them for public markets.
Sources told Moneycontrol that Munjal and Roman Saini were in talks to raise about $17 million for the new venture from Peak XV Partners and Blume Ventures, and a dozen marquee founders.
The appointment follows a series of senior hires across finance, governance, technology and category leadership at Flipkart, and comes weeks after the company received regulatory approval to shift its domicile back to India ahead of a potential public listing.
UpGrad's Ronnie Screwvala confirmed to Moneycontrol that the deal to buy Unacademy is off.
Agarwal joined Meesho in 2020 and took over as CXO, business in October 2023 after succeeding Utkrishta Kumar; the company has not disclosed reasons for her resignation or named a successor.
Industry sourced told Moneycontrol that delivery partners earned about Rs 150 crore through tips in 2025 — a figure that has stayed flat year-on-year and remains marginal when set against the scale of incentive-led payouts that drive gig incomes.
The feature has been live for around six months, Moneycontrol has learnt, as platforms look to tighten checkout flows and reduce dependence on third-party payment apps
The decision comes amid valuation markdown concerns and ongoing acquisition talks with upGrad.
The acquisition brings a widely used compliance and vehicle-management product into Cars24’s fold, strengthening its bid to build an end-to-end automotive platform.
FanCode will hold exclusive broadcast and streaming rights to 56 ATP Tour tennis events in the Indian Subcontinent until 2028.
Data show that while most delivery partners log in only intermittently, those working 8–10 hours a day, 26 days a month gross about Rs 26,500–27,700, translating to roughly Rs 21,000 in net earnings after costs
Goyal said India’s food delivery and quick commerce platforms were enabling economic mobility at a time when formal job creation remains constrained
Zomato acquired Blinkit, then known as Grofers, in 2022 for Rs 4,447 crore, or about $568 million at the time, in an all-stock deal
The defence follows nationwide delivery worker strikes in late December that triggered renewed scrutiny of platform pay, safety and working conditions, even as food delivery and quick commerce firms reported largely business-as-usual operations during the New Year rush.
The record performance comes as rival Swiggy also reported a record surge in New Year’s Eve sales, despite gig worker unions claiming widespread participation by delivery workers in strike calls on December 31.
WinZO co-founders Saumya Singh Rathore and Paavan Nanda were arrested by ED on money laundering charges in November 2025. The agency also froze company assets worth around Rs 505 crore.
The block deal increased both Varun Alagh’s individual holding and the overall promoter group stake in the company, the company disclosed in a stock exchange filing dated December 29.
Disruptions were limited to specific pockets and peak hours, with food delivery seeing brief delays in parts of Gurugram before services normalised by evening, people familiar with the matter told Moneycontrol.
The results mark a high-burn scale-up year for Zepto, coming ahead of its planned IPO filing and amid rising competitive intensity in India’s quick commerce market.
The coordinated walkout during the year-end peak delivery period may disrupt operations across food delivery, quick commerce and e-commerce platforms including Swiggy, Zomato, Zepto, Blinkit, Amazon and Flipkart, as worker groups escalate pressure over payouts, safety risks and account suspensions.
As many as 15 startup IPOs hit the markets this year, raising Rs 40,000 crore, over 35 percent more than in 2024, as stronger earnings, clearer profitability paths and deeper investor appetite drove demand
This comes as the edtech firm negotiates a potential all-stock sale to UpGrad, reported first by Moneycontrol, while restructuring its leadership and grappling with a sharp markdown
FanCode’s expanded multi-year partnership comes amid Formula 1’s rising popularity in India over the last few years, particularly among Gen Z and female audiences.
The approval clears a key regulatory hurdle in Flipkart’s move to shift its holding company domicile from Singapore to India, as the Walmart-owned e-commerce major prepares for a potential domestic IPO.
In July 2025, ED had frozen assets worth Rs 284.5 crore linked to Probo and its promoters under PMLA.
