Sanjay Malhotra, the current Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. This is a significant development for India’s economic landscape, especially at a time when the country is navigating various economic challenges, including high inflation and slowing growth. With his extensive experience across finance, taxation…
Plum Insurance Reports Exceptional Financial Growth in FY24
Plum Insurance, a fast-growing player in employee benefits and healthcare solutions, has achieved remarkable financial growth in the fiscal year ending March 2024. Backed by Tiger Global, this startup saw its operating revenue surge 2.5X, alongside a significant 54% reduction in its losses. Let’s dive into the details of this…
IDFC FIRST Bank Introduces Amitabh Bachchan’s AI Avatar to Transform Banking
In a bold move that blends cutting-edge technology with the world of banking, IDFC FIRST Bank has launched an AI-powered holographic avatar of none other than India’s legendary actor, Amitabh Bachchan. This innovative development is set to reshape the way customers interact with the bank, bringing banking services…
Unacademy CEO Clarifies: “We’re Not Selling or Merging!”
Unacademy’s CEO, Gaurav Munjal, has responded to recent rumors about a potential acquisition by Allen Institute. In a series of posts on X (formerly Twitter), he firmly denied the claims, stating that Unacademy is not considering any sale or merger. The statement came just days after reports suggested that the two edtech giants were…
MobiKwik Cuts IPO Size Again—Price Band Set at Rs 265-279 Per Share
MobiKwik, the popular digital payments and fintech company, has made another adjustment to its much-anticipated Initial Public Offering (IPO). Originally filing for a massive Rs 1,900 crore IPO in 2021, the company has now trimmed the size to Rs 572 crore, marking its third revision. While this latest cut may raise some…
Shark Tank India Season 4: The Ultimate Showdown Is Here
Hold on to your seats, because Shark Tank India Season 4 is about to take your business reality TV obsession to the next level! With jaw-dropping pitches, an all-star panel of Sharks, and a dynamic new hosting duo, this season is packed with surprises that you won’t want to miss
Why Season 4 of Shark Tank India Will Be the BEST Yet!
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Orange Health, a fast-growing healthcare and diagnostics startup, has successfully raised $12 million in its latest funding round. The investment was led by Amazon’s Smbhav Venture Fund, with significant participation from existing backers including Accel, General Catalyst, Bertelsmann India Investments, and Y Combinator. This new round brings the total funds raised by the company to over $47…
SuperYou: A Healthy Twist in Snacking
Bollywood actor Ranveer Singh has stepped into the health and nutrition space with his startup, SuperYou, and the brand is already making waves. The company, co-founded by Singh and entrepreneur Nikunj Biyani, has recently raised an undisclosed amount of funding from Zerodha co-founders Nithin Kamath and Nikhil Kamath through their venture capital firm…
Paytm’s Big Move: Selling Stake in PayPay to Boost Cash Reserves
In a significant business decision, Paytm, India’s leading fintech company, is selling its stake in the Japan-based PayPay Corporation to SoftBank Group for a whopping $250 million (over Rs 2,000 crore). The move is part of Paytm’s strategy to streamline its investments and strengthen its balance sheet. The sale will likely see…
Fintech Startup’s Successful Series A Funding Round to Fuel Growth
Noida-based The Money Club, a fintech platform designed to offer on-demand liquidity solutions, has successfully raised $2.5 million in its Series A funding round. This new investment, led by Prudent Investment Managers, comes at a crucial time as the startup continues its mission to empower India’s lower middle-class…
