OYO’s G6 acquisition to boost profitability, lift EBITDA margins to 20% by FY26, says Fitch
The ratings agency says that the developed market shift will reduce earnings volatility, while the G6 integration will bring cost synergies through tech upgrades and offshore operations
TR Capital acquires stakes in MoEngage, Shadowfax and Whatfix from Eight Roads for $50 million
The deal marks the fifth investment from TR Capital’s latest secondary fund, which manages nearly $1.5 billion in assets in Asia
Swiggy launches 'Rs 99 Store' with free delivery to tap Gen-Z, budget-conscious users
The flat-priced meals are now live in more than 175 cities, including Delhi, Bengaluru and Kolkata, the company said on July 1
Skill gaming platform Zupee crosses 150 million users
Zupee primarily focuses on online ludo, offering real-money gaming variants such as Ludo Supreme, Ludo Turbo, and Ludo Supreme League
Nazara Technologies to invest $1 million in gaming community app Stan
Nazara's investment in Stan is part of the company's efforts to build a diversified, community-driven gaming ecosystem.
Former Oura CEO Harpreet Singh Rai joins Loop Health to lead healthcare business
The move marks a return to full-time startup operations for Rai, who left Oura in 2021. Rai will oversee product, telehealth, diagnostics, and clinical services as Loop deepens its healthcare focus
Indian quick commerce market to hit $30 billion by FY30 amid mobile-first consumption boom: Bessemer report
Bessemer sees quick commerce disrupting both offline and online retail as smartphone use, digital spend, and online shopping time surge.
Dream11 parent forays into casual real-money gaming with carrom, pool
Dream Play allows users to compete in multiplayer contests across a variety of skill-based sports games like Carrom in exchange for cash rewards.
3one4 Capital clocks 'high-multiple' exit from ToneTag after 8-year investment
ToneTag, which counts Google, Amazon, and major Indian banks among its clients, claims to process over $32 billion in total payment volume
Swiggy cut losses by 30% to $182 million in 2024, quick commerce GOV doubled, finds Prosus, a key investor
Instamart's margins hit -18% as Swiggy ramps up investments, with the company targetting breakeven in the next 3–5 quarters, Prosus said.
‘Founder-friendly at last’: Sebi’s ESOP reform draws praise across startup ecosystem
Startup industry stakeholders lauded Sebi's new rule where founders can now hold or exercise ESOPs after going public, but only if the stock options were granted at least one year prior to filing the Draft Red Herring Prospectus (DRHP)
Insolvency plea filed against FirstCry subsidiary GlobalBees over Rs 65 crore dues
GlobalBees, which invests in and operates a portfolio of digital-first consumer brands, is actively seeking legal advice and plans to challenge the plea even at the admission stage, the company said in an exchange filing.
CCI approves Delhivery’s Rs 1,407 crore acquisition of Ecom Express
With regulatory clearance now in hand, Delhivery is one step closer to completing one of the most significant logistics mergers in recent memory.
Retail orders slip to 12-month low on ONDC even as total transactions hit all-time high in May
Retail’s share of ONDC transactions has dropped to 25% in May from 47% in October, while mobility has surged from 40% to 61%, emerging as the key driver of overall volume growth
FamApp co-founder Kush Taneja to step down, in talks to sell stake
Taneja’s exit comes amid an overhaul at FamApp, which has restructured operations, shifted away from its teen-focused model and grappled with funding challenges
Maharashtra FDA revokes suspension of Zepto’s Dharavi store license after compliance review
The suspension was lifted following a detailed reinspection by the state’s Food Safety Commissioner and the submission of a compliance report by Zepto, which included an internal audit, water analysis, and photographic evidence of corrective measures taken at the site.
Fidelity ups Lenskart valuation to $6.1 billion ahead of planned IPO
This marks a 22 percent increase from its June 2024 investment, as the eyewear brand prepares for billion-dollar public issue
Rapido food delivery foray: New entrants been unsuccessful; expect minimal impact on Zomato, Swiggy duopoly, say analysts
Analysts say lower commissions may help Rapido expand market at the fringes but core dominance remains with incumbents
From shipments to software: Delhivery eyes new growth via Transport One
After posting its first full-year profit in FY25, Delhivery is doubling down on SaaS with Transport One — an AI-powered freight management platform built for India’s manufacturing backbone.
Byju’s sells Tynker to CodeHS, offloads Epic! at heavy discount amid mounting financial woes
A third US subsidiary, educational gaming firm Osmo, is also up for sale but is yet to find a buyer
Ex-Flipkart exec’s FirstClub launches high quality curated platform to target top 10% of Indian consumers
The member-only service, which aims to deliver 'real quality in minutes, is now live, with operations limited to Bengaluru’s Sarjapur Road and Bellandur areas, for now
Didn’t know Zomato, PolicyBazaar would become so big: InfoEdge Ventures partners on finding generational companies
In a freewheeling chat with Moneycontrol, partners Chinmaya Sharma and Kitty Agarwal break down why small funds outperform, how they spot billion-dollar bets early, and why quick commerce and “Bharat” are top of mind.
Lenskart converts to public entity ahead of potential $1-billion IPO
The company’s board has passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited
Maharashtra FDA flags Blinkit dark store in Pune for operating without food safety license
The action against Blinkit’s partner store comes barely a week after the Maharashtra FDA suspended the food business license of Zepto’s parent company, Kiranakart Technologies Pvt Ltd, over serious lapses at one of its Mumbai dark stores.
