Swiggy, India’s popular food delivery giant, has reported impressive growth in its latest financial results for the July-September quarter of FY25. The company’s revenue surged by a remarkable 30% year-on-year (YoY), reaching ₹3,601.5 crore, up from ₹2,763.3 crore in the same period last year. While Swiggy’s losses have slightly decreased, there’s much more happening at the company…
MapMyIndia, a leading player in digital mapping and location-based services, is making a strategic move to separate its B2C (business-to-consumer) division into a new entity. The new venture, which will be led by the company’s current CEO, Rohan Verma, will focus on consumer products under the Mappls brand. With this decision, MapMyIndia intends to give its consumer business dedicated attention…
India’s crackdown on crypto platforms continues as the government targets 17 leading cryptocurrency companies accused of evading Goods and Services Tax (GST) worth INR 824 crore. The Ministry of Finance has taken action against these companies, recovering over INR 122 crore in taxes, including penalties and interest. Among the firms in focus are WazirX’s parent company, Zanmai Labs, and…
Introduction: PhonePe’s Bold Move to Discontinue Third-Party Partnership with Juspay
PhonePe, one of India’s leading digital payments platforms, has announced it will end its partnership with Juspay, a payment orchestration platform. This decision is a part of PhonePe’s strategy to directly offer payment solutions to its vast network of merchants. As a result, PhonePe will now handle the…
Tech4Billion, the parent company of Chingari, has launched AstroLive, an innovative platform combining astrology and modern tech to provide live consultations with professional astrologers and personalized spiritual guidance.
AstroLive: Connecting Users with Astrology Like Never Before
In an exciting new move, Tech4Billion Media, the parent company of Chingari, has launched AstroLive, a platform…
Overview of the Cyberattack on Signzy
In recent news, Bengaluru-based fintech startup Signzy has confirmed that it was struck by a cyberattack last week. The cybersecurity incident has raised concerns among its clients and investors. The Computer Emergency Response Team (CERT-In), which handles cybersecurity threats in India, is already on the case, taking appropriate actions with the concerned…
Introduction
Pathway, an innovative data company, has raised $10 million in a seed funding round led by TQ Ventures. The company is focused on creating live AI systems that can learn and think in real-time, much like human cognition. This breakthrough technology is poised to revolutionize how businesses and organizations process and use data.
What is Live AI Technology?
Pathway is pioneering a new…
In an exciting new development, AdvantageClub.ai, a Gurugram-based employee engagement platform, has successfully raised $4 million in a funding round led by Axilor Ventures. This latest funding brings its total investment to $11 million, which is a significant milestone for the company as it continues to grow and evolve.
What Is AdvantageClub.ai?
Founded in 2016 by UCLA postgraduates Sourabh and…
In a groundbreaking move towards greener logistics, GreenLine Mobility Solutions Ltd., a division of the Essar Group, has partnered with Flipkart to launch liquefied natural gas (LNG)-powered trucks for the e-commerce giant’s supply chain. This collaboration is part of Flipkart’s ongoing efforts to reduce its environmental footprint and contribute to India’s sustainability goals. Here’s a…
In a shocking development, Info Edge, the parent company of popular job portal Naukri.com, has filed a First Information Report (FIR) against Rahul Yadav, the founder of its portfolio company, 4B Networks, along with three other associates. The FIR, lodged at the Bandra Police Station in Mumbai, accuses them of misusing funds and engaging in financial irregularities. This marks a major turning…
