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...
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...
The buzz surrounding Exicom Tele-Systems IPO has ignited anticipation and excitement among investors as the electric vehicle (EV) charging solution company opens its doors to the public market. With the IPO commencing on February 27 and slated to close on February 29, 2024, investors are eager to seize the opportunity to be part of this transformative venture. Exicom Tele-Systems has set the price band for its IPO at ₹135 to ₹142 per...
The VCCircle Limited Partners Summit 2024 in Mumbai provided a platform for industry leaders like Kajal Ilmi, Founder and Managing Director of Aviom Housing Finance, to share invaluable insights into building impact-oriented enterprises and navigating the evolving landscape of private equity and venture capital. Ilmi’s journey with Aviom Housing Finance, backed by equity capital from prominent investors such as Gojo & Company, C4D Asia Fund, Sabre Partners, Nuveen, and others, exemplifies the...
Spark, a groundbreaking program by Peak XV Partners dedicated to empowering female founders, has once again made waves with its latest cohort announcement. With 14 startups and 16 talented female founders at the helm, Spark continues to pave the way for innovation and inclusivity in the startup ecosystem. The diversity and depth of the cohort reflect a wide array of industries and sectors, with four companies spearheading AI solutions in travel, fraud...
In the realm of ride-hailing and cab aggregation, the rivalry between Ola and Uber continues to intensify, with each vying for supremacy in the lucrative Indian market. The recent exchange of remarks between Bhavish Aggarwal, CEO of Ola, and Dara Khosrowshahi, CEO of Uber, offers a glimpse into the competitive dynamics shaping the industry. Aggarwal’s assertion that Ola is firmly entrenched in India while Uber lags behind underscores the fierce competition and...
In a recent development, Vijay Shekhar Sharma, the Founder and Chief Executive Officer of Paytm, has resigned from the board of Paytm Payments Bank, as per an exchange filing on Monday. His departure, along with the withdrawal of Bhavesh Gupta, President and COO of Paytm, signals a significant transition for the bank’s leadership and governance structure. The board of Paytm Payments Bank has undergone a comprehensive restructuring, introducing four distinguished individuals to...
In an ever-evolving economic landscape, the importance of strategic foresight and diversified investment approaches cannot be overstated. Trideep Bhattacharya, Chief Investment Officer – Equities at Edelweiss AMC, shares his perspectives on the financial outlook for the upcoming fiscal year 2024-2025 and sheds light on India’s resilience amidst global economic challenges. Diversification: A Shield Against Volatility Trideep Bhattacharya underscores the critical role of diversification across asset classes, sectors, and geographies in mitigating potential...
In a significant development for the beauty and wellness industry, startup Beautywise has successfully raised Rs 6.5 crore in a funding round led by AC Ventures, with co-leadership from Fluid Ventures, Real Time Angel Fund (RTAF), GSF, and participation from LetsVenture Angel Fund. The funding round also saw support from a diverse array of prominent investors, including Dinesh Agarwal, Murugavel Janakiraman, and Akshay Ghulati, among others. Beautywise, founded by Anousha Chauhan and...
In a recent online revelation, Nvidia CEO Jensen Huang ignited discussions about the future of programming and the necessity of upskilling in the era of AI. Huang’s bold statements challenge conventional notions about coding and highlight the transformative potential of artificial intelligence. Traditionally, the tech industry has emphasized the importance of learning coding languages like C++ or Java. However, Huang’s vision transcends these boundaries by envisioning a world where everyone, regardless of...
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