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According to Krishi Fagwani, cofounder and CEO of the foodtech platform Thrive, it is the most recent Indian firm to cease operations. The cofounder blamed a lack of resources for the decision to shut down operations in a LinkedIn post. "We've worked hard over the years to
Infosys has announced its investment in 4baseCare, a healthtech firm that concentrates on oncology (cancer care) and is powered by advanced genetics. This is a significant move that highlights Infosys' growing commitment to healthcare innovation. The tech giant will purchase Series A compulsory convertible preference shares (CCPS) in 4baseCare
In order to expand the brand's reach across demographics and customer cohorts, actor and content maker Bhuvan Bam has joined direct-to-consumer (D2C) company Peppy as a cofounder and investor. Entrepreneurs Devansh Agarwal and Shyamal Gupta launched the sexual wellness and pleasure company last year. It was entirely funded
The SME-focused non-banking loan company Aye Loan Limited (previously Aye Finance Private Limited) plans to raise up to INR 1,450 crore through an IPO. According to documents obtained by a media outlet, the company's board authorised the IPO plans at an Extra-Ordinary General Meeting (EGM) on December
The omnichannel jewellery business Bluestone has submitted its first initial public offering (IPO) draft red herring prospectus (DRHP) to market watchdog SEBI. An offer-for-sale component of up to 2.40 Cr equity shares and a new issue of shares valued at INR 1,000 Cr will make up the IPO.
The food delivery aggregator Zomato announced on 12 December that a tax demand of INR 803.4 crore, including interest and penalties, had been made by the Thane GST department. In a regulatory filing, Zomato stated that the company had received a demand order over the nonpayment of GST on
Uber launched Uber Moto Women, a first-of-its-kind service that provides bike rides only for women, in Bengaluru on 13 December. The business intends to expand into additional major cities, including Hyderabad, Chennai, Delhi, Mumbai, and Kolkata. The on-demand two-wheeler ride service is intended to meet the safety and mobility demands
Foodtech giant Swiggy has introduced Swiggy Scenes, a new feature on its app, in what appears to be an attempt to strengthen its events and ticketing play. The new option, which was introduced under Swiggy's "Dineout" offering, enables customers to reserve events, parties, and live music
🔍Insights
The extensive Nestlé business model canvas offers valuable insights for owners and marketers. The multinational food and beverage corporation is able to have a significant market presence thanks to its elaborate and innovative business strategies. The business effectively links itself to health, well-being, and nutrition, which increases customer loyalty. About
Veranda Learning, an education company based in Chennai, has been given permission to finance up to INR 250 crore through a preferred issue as part of a larger fundraising plan that would be completed this fiscal year. The company is overjoyed by the strong reaction to the private placement, which
PayU, a digital payment aggregator, and Amazon Web Services (AWS) have introduced inFINity 2.0, a fintech-focused accelerator program for early-stage Indian startups, its second cohort. Startups looking to raise less than $10 million between the seed and Series A rounds will be the program's objective. According to
TBO Tek Greece Single Member Private Company is a wholly owned subsidiary established in Greece by Tek Travels DMCC, a subsidiary of B2B travel company TBO Tek. Tek Travels DMCC has authorised and issued a capital of 2,000 shares as a result of this incorporation; each share is worth