Startup

Pronto raises $2 million from Bain Capital as investors continue to bet on q-commerce

The company’s seed round comes shortly after Snabbit, a direct rival, secured $5.5 million in its Series A round from Elevation Capital, Nexus Venture Partners and others

Dailyhunt, Josh parent VerSe Innovation to lay off 350 employees amid AI pivot, cost cuts

The move comes amid a continued effort to streamline operations, cross-leverage talent across business units, and focus resources on growth segments, the company said in a statement on May 10.

Zepto launches paid analytics service Atom for consumer brands

The service will go live on May 16 and will be available to the thousands of brands currently listed on Zepto’s platform

Gameskraft to pause operations of online poker platform Pocket52

Halting operations was part of a 'broader plan to reassess and reimagine its long-term approach', the company said.

ONDC appoints Vibhor Jain as acting CEO, winds down executive committee

Jain, who was part of the eight-member interim Executive Committee, will now take over full executive powers. The committee, formed last month to ensure business continuity after the exit of MD and CEO T Koshy, has now been dissolved.

Flipkart SVP Ankit Jain to replace outgoing Swiggy Instamart SVP and COO Sairam Krishnamurthy

Jain’s appointment comes amid rapid expansion at Swiggy Instamart and a string of senior-level exits at Flipkart.

Indian VC firms back in hiring mode as deal activity rebounds

With AI roles in high demand and junior to mid-level hiring on the rise, VC firms are building leaner, smarter teams to support a wave of fresh deal activity.

Quick commerce, e-commerce firms steady the ship as India-Pakistan tensions ease

As the ceasefire stabilizes, e-commerce platforms have been navigating logistical challenges and a brief dip in demand, with operations returning to normal in several key regions.

Smaller D2C brands take a hit as India-Pakistan conflict dents consumer sentiment

Since May 7, online orders have dropped and advertising spends are no longer yielding expected returns, as consumer attention shifts from shopping to the conflict with Pakistan

Swiggy unlikely to adopt IOCC model for Instamart despite Blinkit's inventory play

Speaking on an earnings call after announcing Swiggy’s Q4 FY25 results, Chief Financial Officer Rahul Bothra said the economics of switching to an inventory ownership model under Indian-owned and controlled company (IOCC) norms do not currently offer compelling upside.

Swiggy calls 10-minute delivery arm Bolt a key engine for growth and market share

The company’s bullish stance on ultra-fast food delivery contrasts sharply with rival Zomato, which recently shut down its 15-minute food delivery initiatives, Quick and Everyday, citing a lack of infrastructure and no visible path to profitability.

Former Google, Flipkart executive Peeyush Ranjan joins Mukesh Bansal’s Meraki Labs as partner

Ranjan, who was most recently general manager and VP of engineering at Google, brings nearly three decades of experience in building and scaling technology products

Prosus sees ‘very good’ returns on $8.6-billion India investment, upbeat on Swiggy, Rapido: CEO Fabricio Bloisi

The Dutch firm is among the largest foreign investors in India, with companies such as BlueStone, Swiggy, Meesho, PayU, Urban Company, PharmEasy, and Eruditus in its portfolio

Nazara subsidiary Absolute Sports buys ITR Wrestling, TJR Wrestling to expand combat sports footprint

The acquisition will also expand Sportskeeda parent's presence in the United States, which has the world's largest pro-wrestling fanbase

Nazara Publishing launches FAU-G: Domination, a made-in-India shooter game

FAU-G: Domination is banking on its India-first focus, which emphasises local culture and themes, to attract more consumers to its game amid intense competition in the shooting genre.

Amitabh Bachchan joins Amish Tripathi, Nouredine Abboud's Tara Gaming studio as co-founder

The gaming studio unveiled the first trailer of 'The Age of Bhaarat', its flagship AAA action-adventure game franchise on PC and consoles set, which reimagines ancient India

WinZO's FY24 revenue jumps 70% to Rs 1,055 crore; profit up 151% to Rs 315 crore

WinZO is benefiting from a significant expansion of its user base, which has now grown to 250 million users, bolstered by its global expansion efforts.

JetSynthesys launches JetAlive to tap into India's growing live experiences industry

JetAlive will curate a diverse slate of immersive, live-first experiences that include cultural festivals and edutainment platforms to tech-driven showcases and flagship gatherings

Krafton selects six startups for the second cohort of its India-focused gaming incubator

Krafton has roped in partners such as AccelByte, AppMagic, Liftoff's GameRefinery, and AWS to help startups boost their tech capabilities.

Pocket FM parent firm’s revenue jumps 68% to Rs 1,768 crore in FY25

Pocket Entertainment's FY25 growth was driven by strong momentum across India, the US, and Europe markets, along with an expanded content catalogue and improved monetisation

JetSynthesys secures investment from Krafton, others for global expansion

JetSynthesys plans to replicate its India playbook in markets such as Japan, the United States, the United Kingdom, the Middle East and North Africa (MENA) region and Southeast Asia.

Eloelo bags $13.5 million funding led by Play Ventures, to expand into new markets

Eloelo has 1.5 million paying users and is now touching an annual revenue run rate of $23 million. It aims to reach $60 million by the end of this year

‘We are the confidence stack of India': Stage’s Vinay Singhal on reviving regional cultures through OTT

Stage co-founder Vinay Singhal said they produce 50 original movies in Haryanvi, Rajasthani, and Bhojpuri every year, which is almost half of the entire regional industry in India.