We’ll build something differentiated at scale — and then make money: Amazon India head Samir Kumar on profitability
Samir Kumar told Moneycontrol that Amazon’s edge in India will come from vast selection delivered at multiple speed points.
WinZO approaches Karnataka HC challenging ED's raid, asset freeze
ED arrested co-founders Saumya Singh Rathore and Paavan Nanda on money laundering charges in November 2025. It also froze company assets worth of around Rs 505 crore.
Zepto converts to public company ahead of planned IPO in 2026
Zepto is aiming to IPO soon after Swiggy announced it is raising Rs 10,000 crore through a QIP, in about a year since it went public and raised over Rs 11,000 crore via an IPO in November 2024. Eternal too raised over Rs 8,000 crore via a QIP.
Dream11 revamp turns fantasy sports app into a hangout place for sports fans
Dream11 revamp comes a little over three months after the company halted all paid contests on its platform following the online gaming law that prohibits money games
WinZO's mobile app and website go under 'maintenance' due to server disruption
WinZO's app and website outage comes at a turbulent moment for the company, which is already dealing with a crisis following the recent arrest of co-founders Saumya Singh Rathore and Paavan Nanda.
Lenskart estimates eyewear market at over $9 billion, 3X higher than rival Titan’s $3 billion projection
The eyewear retailer says rising first-time diagnoses, deeper penetration and higher purchase frequency will push India to 389 million annual pairs sold by FY30.
Quick-commerce scale-up hasn’t slowed Meesho; India still cares more about price than speed: CEO Vidit Aatrey
Aatrey, in an interview with Moneycontrol, said emerging markets consistently reward affordability-led ecommerce models, adding that Meesho’s momentum has strengthened even as rapid-delivery players expand across categories.
MC Interview | Meesho still works with a startup attitude; Not benchmarking against any other player: Cofounder and CEO Vidit Aatrey
After a decade of pivots, disciplined execution and sustained cash-flow strength, Meesho’s leadership says the company is entering public markets from a position of clarity and confidence, adding that it will continue prioritising long-term growth, affordability and customer focus over external benchmarks.
Byju Raveendran alleges GLAS Trust, RP misled courts on $533 million Alpha funds
The development comes days after a Delaware bankruptcy court entered a $1.07-billion default judgment against Raveendran for failing to appear and produce documents, holding him personally liable for fund movements linked to Byju’s Alpha and a separate hedge-fund transfer.
WinZO co-founders Saumya Singh Rathore, Paavan Nanda arrested by ED in PMLA case
Earlier this month, ED searched four WinZO locations in Delhi and Gurugram and froze assets worth of around Rs 505 crore
CarTrade’s $1.2-billion CarDekho acquisition talks come unstuck
In a regulatory filing, CarTrade said the two companies have mutually decided not to move ahead with the proposed acquisition, ending months of discussions around one of the auto-tech sector’s biggest consolidation bets
RMG ban impact: Flutter cuts 350 jobs at Junglee Games, redeploys 600 staff mostly to its Hyderabad GCC
Flutter is considering whether these employees can be redeployed to support its shift to alternative business models in India or its expansion efforts in other regulated markets where its existing products can be offered, a company spokesperson told Moneycontrol.
IPO-bound startups race to turn profitable ahead of listing as investors turn more selective
Several companies have tightened costs ahead of filing, with many leaning on tax credits, one-time gains and accounting boosts to present cleaner earnings as public-market scrutiny intensifies.
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.
