Rapido is India’s No.1 mobility company, says Prosus CEO Fabricio Bloisi
Prosus recently invested as much as $67 million in the mobility firm, increasing its stake to around 10.2 percent, filings showed.
Dream11 parent moves HQ from BKC to Worli in cost optimisation push
The new Dream Sports Stadium office in Worli will bring all the company’s brands, including Dream11, FanCode, and Dream Game Studios under a single roof for the first time.
ED freezes Rs 520-crore assets linked to real-money gaming firms WinZO and Gameskraft after probe
The ED stated it initiated the investigation based on FIRs filed against the firms on the grounds of cheating, blocking of accounts, impersonation, and misuse of PAN
3one4 Capital books 90 percent and 65 percent IRR exits from KukuFM and Raise
The venture firm has secured two significant liquidity events across its consumer-internet and fintech bets, driven by sharp valuation upticks, faster revenue expansion and improved unit economics at both companies.
Swiggy's H1 FY26 losses surge 109% to $178 million on heavy quick-commerce spend, finds key investor Prosus
Despite the rising losses, Prosus – which owns 25 percent of Swiggy – said Despite the rising losses, Prosus – which owns 25 percent of Swiggy – reported strong demand trends for the January–June 2025 period. Swiggy’s customer base grew 35 percent year-on-year to 21.6 million, and gross order value (GOV) rose 43 percent on the back of food-delivery expansion and formats like Bolt
Prosus H1FY26 results: India revenue rises to $397 million as PayU nears break-even, losses narrow
Prosus expanded its India exposure during the period with a $67-million infusion into ride-hailing platform Rapido and a $222-million purchase of a 16.2% stake in travel aggregator Ixigo, deepening its position across mobility and online travel.
Byju Raveendran ordered to pay over $1 billion by US court after default ruling
The Delaware court also directed the Byju’s founder to provide a full accounting of the missing $533 million moved through multiple entities.
Sony Innovation Fund invests in gaming community app Stan
Stan plans to use the fresh capital to drive artificial intelligence (AI)-led personalisation, creator monetisation tools, and deeper publisher integrations
VCs pocket gains of over $1.7 bn through IPOs so far this year; still sit on holdings worth over $10 bn
The seven IPOs so far have together created over Rs 1 lakh crore in investor value this year, split between heavy OFS cash-outs and the much larger block of unsold holdings across the cohort’s biggest tech listings.
Info Edge CFO Chintan Thakkar officially steps down after 12-year stint
Moneycontrol had earlier reported that Thakkar would exit by November 19. Meanwhile, interim CFO Ambarish Raghuvanshi has taken charge.
New-age tech firms now account for 2.49% of India’s total stock market capitalisation, nearly double from 2021
A surge of large tech IPOs, deeper institutional appetite and stronger operating performance have pushed India’s digital economy further into the public markets — marking the clearest shift yet in how investors are pricing tech-led businesses
Quick services startup Pronto relocates from Gurugram to Bengaluru to tap tech talent
The relocation has been completed in recent weeks and involves moving tech, product and data-science teams to Bengaluru, while customer-support and certain operations functions remain in Gurugram, Moneycontrol has learnt.
Ronnie Screwvala earmarks $50 mn to back AI, deeptech, spacetech startups; says he’s looking for his 'next Lenskarts'
In an interview with Moneycontrol, Screwvala said India’s next wave of long-cycle value creation will come from technical founders building in frontier sectors, making this the right moment for concentrated, long-horizon bets.
Flip to live longer? Deepinder Goyal's Continue says upside-down poses may slow aging
The longevity initiative has released early findings linking passive inversions to improved brain blood flow, backed by a recent $25 million personal investment from the Eternal CEO.
After Manipal Group, Ronnie Screwvala’s UpGrad submits bid for Byju’s parent; eyes Great Learning
UpGrad’s bid is focused on higher-education assets such as Great Learning — not the K12 business, sources told Moneycontrol; the move comes as the company is also in talks to acquire Unacademy as part of a wider consolidation strategy
Real money gaming ban wipes out PE firm Clairvest’s Rs 760 crore stake in Head Digital Works
Clairvest CEO Ken Rotman said the firm plans to focus its investments in North America going forward, citing the "negative experience with Head Digital Works and other recent experiences investing abroad".
India's real-money gaming ban leads to $556 million impairment for Flutter after Junglee halts RMG operations
Flutter Entertainment CEO Peter Jackson said he was frustrated by the speed at which the bill came into law and expressed hope for more legal clarity in the future.
Jupiter’s Jitendra Gupta to double investment as fintech extends total round size to $25 million
The round is being extended by $10-11 million just weeks after Jupiter announced a $15 million round. About half of the fresh capital will come from founder and CEO Jitendra Gupta, sources told Moneycontrol.
Gig hiring jumps 25% this festive season as quick-commerce drives record job demand
Early workforce planning, richer incentives, and stronger Tier-2 hiring helped e-commerce and logistics players manage record festive demand without major disruptions, staffing firms told Moneycontrol
Bombay Shaving Company raises Rs 136 crore from Sixth Sense; founder joins round as IPO prep begins
The founder’s participation in the round comes amid a broader shift in India’s startup ecosystem, where more entrepreneurs are turning investors in their own companies.
Myntra’s creator commerce bet drives 10% of revenue; aims to double share by 2026
The Walmart-owned fashion platform has doubled revenue from creator-led sales in a year and plans to scale its shoppable video and affiliate ecosystem
UpGrad’s CPTO Ankur Dhawan steps down amid Unacademy acquisition talks
Ankur Dhawan joined UpGrad in 2020 and was elevated to Chief Product and Technology Officer earlier this year.
CarTrade set to acquire CarDekho in deal valued at over $1.2 billion
If completed, the merger will create one of India’s largest auto-tech platforms spanning car discovery, financing, insurance, and resale
'Profit is oxygen. But purpose is breath': Peyush Bansal’s message to stakeholders ahead of Lenskart IPO
On the eve of Lenskart’s listing, founder and CEO Bansal, in a letter, reflects on the company’s 15-year journey from a Delhi startup to a global eyewear brand
