Ronnie Screwvala's UpGrad in talks to acquire Unacademy for $300- $400 million
The move follows Unacademy’s leadership transition, with co-founder Sumit Jain heading test prep, and Gaurav Munjal and Roman Saini set to lead AirLearn independently.
Delhivery rejig: CFO Amit Agarwal resigns, Vivek Pabari to take over; Board member Aruna Sundararajan steps downs
Pabari has been with Delhivery Limited since June 2021. He has more than 17 years of experience.
Delhivery Q2: Logistics major says GST rate hike had limited business impact
In a shareholder letter, Delhivery said that over 86 percent of its Q1 FY26 invoicing was already billed at 18 percent GST, while another 6 percent came under nil-GST or reverse charge mechanisms that were unaffected by the amendment.
Paytm to infuse up to Rs 2,250 crore into payments arm PPSL via rights issue
The move will strengthen PPSL’s capital base and support the transfer of Paytm’s offline merchant payments business, as required by new RBI rules.
Peak XV, Accel, Elevation and others set to cash in $1.5 billion as startup IPO wave unlocks big payouts
So far, Peak XV Partners is expected to gain over Rs 2,400 crore from Pine Labs and Groww, while Accel and Elevation together stand to gain over Rs 950 crore through Urban Company and Bluestone. The gains are expected to grow as Meesho, Amagi and others go public later this year.
MobiKwik Q2 net loss widens to Rs 28.6 crore, revenue down 7%
MobiKwik said its bottom line was affected by a one-time exceptional charge of Rs 11.8 crore, booked as a provision for a fraud incident of Rs 40.4 crore involving merchants in Haryana’s Nuh and Mewat districts. The charge did not impact revenue but reduced quarterly profit.
SEBI clears Meesho IPO; e-commerce firm to raise Rs 4,250 crore via fresh issue
The listing will see partial exits by marquee investors including Elevation Capital, Peak XV Partners, and Y Combinator, even as Meesho looks to strengthen its tech and brand infrastructure.
SC dismisses Byju’s RP, Glas Trust petitions, paving way for Aakash’s planned rights issue
Supreme Court's verdict paves the way for Aakash to raise fresh capital but leaves Byju’s parent, already under insolvency, with its stake slashed from 25.75 percent to under 5 percent, further weakening its hold over the subsidiary.
Oyo rolls back controversial 6,000:1 bonus share plan after backlash
After drawing criticism over its complicated bonus ballot, PRISM, the parent of Oyo, has withdrawn the plan and promised a fresh, transparent version for all shareholders — signalling a course correction before its market debut.
Swiggy's Instamart, Zepto scrap handling charges, lower delivery fee thresholds as competition heats up
Swiggy, Zepto and Instamart follow Amazon’s quick commerce playbook via Amazon Now, which has already been offering zero miscellaneous charges to attract users in Bengaluru and Delhi-NCR.
Shadowfax IPO decoded: Issue size, profit rebound, investor exits and key risks
Backed by Flipkart and Eight Roads, the logistics firm has turned profitable ahead of its Rs 2,000-crore IPO but high client dependence, rising lease costs and gig workforce challenges could test its delivery on the bourses
Urban Company Q2 results: InstaHelp vertical drags margins as investments weighs on profits
The company reported an EBITDA loss of Rs 44 crore from Insta Help alone in the second quarter (Q2) of financial year 2025-26 (FY26), as it invested heavily in partner training, onboarding, and network expansion to build capacity in the new category.
Swiggy’s Sriharsha Majety takes a swipe at Zepto: ‘Won’t chase volume growth with poor average order values’; Aadit Palicha responds
Zepto CEO Aadit Palicha, in an interview with Moneycontrol, hit back saying Instamart burns more cash per order than Zepto, escalating the face-off between India’s top quick commerce rivals.
Zepto breaches 20 lakh daily orders during Diwali; 40% higher than closest rival: CEO Aadit Palicha
Zepto clocked 2 million, 2.4 million and 2.1 million orders per day from October 18-20. Swiggy's Instamart delivered 1.4 million, 1.6 million and 1.6 million orders each day during the period, making it the the third largest player behind Blinkit and Zepto on an orders per day (OPD) basis, sources told Moneycontrol. Blinkit was the market leader with over 3 million orders.
BoAt IPO decoded: Smaller issue size, profit tailwinds, wearables slump and key risks
Backed by Warburg Pincus, the consumer-tech firm has bounced back to profitability but faces headwinds from a cooling wearables market, online channel dependence and thin margins.
NCLAT rejects GLAS Trust plea to stay Aakash EGM and rights issue
The tribunal held that Aakash’s Board is entitled to raise capital to meet its business requirements and cannot be prevented from doing so merely because one of its shareholders is undergoing Corporate Insolvency Resolution Process (CIRP).
Blinkit, Instamart, other quick commerce firms brace for higher competitive intensity after Zepto’s $450 mn fundraise: Analysts
Analysts say competitive pressure in India’s quick commerce space has been rising for several quarters, and Zepto’s recent fundraise is set to sharpen it further as Blinkit doubles store count, Instamart leans on discounts, and Reliance, Flipkart and Amazon expand into new city tiers
HomeLane revenue grows 22% to Rs 756 crore in FY25, losses narrow to Rs 80 crore
The home interiors firm turned EBITDA positive in Q4 FY25 and expects to close FY26 with full-year profitability, a HomeLane spokesperson told Moneycontrol.
How Vidit Aatrey, Meesho’s marathon man, turned pivots and discipline into an IPO-ready company
From WhatsApp boutiques to a billion orders, Vidit Aatrey’s Meesho cracked India’s value-conscious market. It will be the first major horizontal e-commerce platform to go public in India.
IPO-bound Meesho in Rs 127-crore arbitration dispute with AWS over unpaid cloud bills
Amazon Web Services has accused Meesho of non-payment and breach of contractual commitments. The e-commerce firm has hit back with a Rs 86-crore counterclaim alleging inadequate service and support
Cracker of a Diwali: Quick commerce drives record festive season sales for D2C brands
Sales are up two to three times from the previous year. Brands leaned on AI-driven forecasting, decentralised fulfilment and closer coordination with platforms to stay on schedule despite packed warehouses and worker shortages
Meesho IPO: Issue size, investor exits, financial report card and delivery risks decoded
Small-town shoppers made Meesho big — now the value-commerce platform is eyeing a Rs 4,250-crore IPO, with early investors set for bumper exits and the company betting big on tech and scale to steady its path to profitability.
ShareChat trims FY25 EBITDA loss by 72%, says core biz cashflow positive
The social media platform has tightened costs, diversified beyond ads and is now leaning on subscriptions and micro-dramas to drive growth in FY26
Zepto expands ESOP pool by $170 million to over $500 million
The move comes on the heels of the company’s $450 million Series H funding round, first reported by Moneycontrol, which values Zepto at $7 billion, up from $5 billion last year.
