Zepto Pass: Revolutionizing Quick Commerce in India

February 29, 2024/

Zepto, the emerging player in India’s quick commerce market, has made waves with the official launch of its subscription service—Zepto Pass. This bold move is set to redefine the landscape of on-demand grocery delivery and intensify competition among industry giants. During its pilot phase, Zepto Pass demonstrated remarkable success, with a significant portion of orders originating from subscribers within a short timeframe. The subscription model, priced affordably between 19 and 39 rupees…

FINANCIAL NEWS, LOCAL NEWS

Insights from Mobile World Congress: Bharti Enterprises’ Strategic Shift and Meta’s Data Controversy

February 29, 2024/

The Mobile World Congress (MWC) in Barcelona served as a platform for industry leaders to unveil their strategic visions and address pressing concerns. Sunil Bharti Mittal, chairman of Bharti Enterprises, shared insights into the conglomerate’s plans, while Meta, the parent company of Facebook and Instagram, faced scrutiny over its data processing practices. Bharti Enterprises outlined a strategic shift focused on streamlining non-core businesses and accelerating the digital transformation of Airtel. Mittal emphasized…

BLOG, FINANCIAL NEWS, NEWS

Atos Halts Sale of Legacy IT Services Business: What’s Next?

February 29, 2024/

French IT services giant Atos recently halted its plans to sell its struggling legacy managed infrastructure services business, Tech Foundations, after failing to reach an agreement with prospective buyer EP Equity Investment. This decision underscores the challenges Atos faces in navigating its strategic direction amidst financial pressures and leadership transitions. The failed negotiations with EP Equity Investment, without any cancellation fees, have prompted Atos to reconsider its options. Despite the setback, Atos…

BLOG, FINANCIAL NEWS, LOCAL NEWS

Sunil Bharti Mittal Awarded Honorary Knighthood by King Charles III

February 28, 2024/

Sunil Bharti Mittal, the visionary Founder and Chairperson of Bharti Enterprises, has been bestowed with the prestigious Honorary Knighthood by King Charles III in the United Kingdom. This remarkable recognition marks a historic moment, as Mr. Mittal becomes the first Indian to receive a Knighthood from King Charles. Key Highlights: Sunil Bharti Mittal’s Honorary Knighthood exemplifies his outstanding contributions to the global business landscape and underscores his unwavering commitment to fostering enduring…

BUSINESS, FINANCIAL NEWS

Mswipe Technologies: Pioneering Growth in India’s Digital Payments Landscape

February 28, 2024/

Mswipe Technologies, a leading player in India’s digital payments ecosystem, recently announced the closure of a $20 million growth equity round, led by Alpha Wave Global, with participation from existing investors. This funding marks a significant milestone for the Mumbai-based company, coming after a gap of almost five years. The infusion of fresh capital will fuel Mswipe’s expansion initiatives, enabling the company to enhance its merchant payment network, strengthen product development, and…

BUSINESS, FINANCIAL NEWS

Ducon Infratechnologies Ltd.: A Penny Stock on the Rise with Strategic Partnerships

February 28, 2024/

Ducon Infratechnologies Ltd., a penny stock with a market capitalization of Rs 257.60 crore, has recently captured the attention of investors by hitting an upper circuit of 2 percent. The surge in trading activity follows the signing of a Memorandum of Understanding (MoU) with Germany’s Deltavision, signaling a strategic move into the rocket propulsion and hydrogen mobility markets in India. The trading session commenced on a positive note for Ducon Infratechnologies Ltd.,…

BUSINESS, FINANCIAL NEWS, LOCAL NEWS

Farmtheory Raises $1.45 Million in Seed Funding Round to Revolutionize B2B Agri-Food Industry

February 28, 2024/

Farmtheory, a dynamic business-to-business (B2B) agri-food startup based in Bengaluru, has made waves in the investment landscape with its recent successful seed funding round, securing a substantial $1.45 million (approximately Rs 12 crore). Merak Ventures led the charge in this significant milestone for the company, marking a pivotal moment in its journey toward transforming the agri-food sector. Founded in 2019 by Arpit Agarwal and Sakshi Agarwal, Farmtheory has emerged as a beacon…

FINANCIAL NEWS, LOCAL NEWS

Shadowfax Secures $100 Million Funding Led by TPG NewQuest: A Step Closer to Logistics Innovation

February 28, 2024/

In a significant development underscoring the burgeoning potential of India’s logistics landscape, Shadowfax, a leading new-age logistics services provider, announced on Tuesday that it has successfully raised $100 million in a blend of primary and secondary funding for its Series E round. The financing round, spearheaded by TPG NewQuest, marks a pivotal milestone in Shadowfax’s journey towards revolutionizing last-mile delivery solutions in the country. While specific valuation details remain undisclosed, industry insiders…

BLOG, FINANCIAL NEWS, NEWS

Bizongo Doubles Revenue in FY23: Unpacking the Growth and Challenges

February 28, 2024/

In the dynamic landscape of e-commerce, Bizongo emerges as a key player, doubling its revenue during the fiscal year ending March 2023. However, behind this impressive growth lies a story of rising losses and evolving challenges, shedding light on the complexities of scaling in the digital era. Growth Amidst Challenges: Bizongo’s revenue from operations surged by 98.6% to Rs 166.86 crore during FY23, a remarkable feat compared to Rs 84 crore in…

FINANCIAL NEWS, LOCAL NEWS

Delving into the Byju’s Rights Issue Controversy: What’s Really Happening Behind the Scenes?

February 28, 2024/

Welcome back, readers! Today, we’re diving deep into the swirling controversy surrounding Byju’s, India’s beloved edtech behemoth. Known for its innovative approach to education, Byju’s has found itself at the center of a storm of legal and financial scrutiny, all stemming from its recent rights issue. Unraveling the Backstory: Let’s rewind a bit. Byju’s, like many startups hungry for growth, sought to bolster its coffers through a rights issue – a move…

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