Moglix, a leading B2B e-commerce platform, has made a significant move in the industrial procurement and sustainable packaging sectors by acquiring Khatema Fibres, a well-established paper manufacturing company, for Rs 80 crore. This acquisition strengthens Moglix’s commitment to sustainability and aligns with its broader vision of supporting India’s growth goals under the “Viksit Bharat”…
India’s leading digital payments platform, Paytm, has just made traveling abroad a whole lot easier. The company, owned by One97 Communications, has expanded its Unified Payments Interface (UPI) service to several international destinations, including the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. This move allows users to make cashless payments at UPI-accepting merchants across these…
Introduction: Zomato’s Bold Chief of Staff Job Posting Stirs Debate
Zomato CEO Deepinder Goyal has created a buzz with an unconventional job posting for a Chief of Staff role at the company. Unlike typical job offers, this position comes with no salary in the first year. Instead, candidates are asked to pay Rs 20 lakh as a “fee” to take up the role, with the entire amount donated to the…
CoinSwitch Launches SmartInvest to Make Crypto Trading Easier for All
In a bid to make crypto trading more accessible, Indian crypto exchange CoinSwitch has introduced a new feature called SmartInvest. This tool aims to help users benefit from expert trading strategies, all without needing to learn complex coding or spend hours analyzing the market. The goal? To make advanced crypto trading easier…
Locad Bags $9 Million in Pre-Series B Funding to Expand its Omnichannel Logistics Solutions
New Delhi, India – Locad, a logistics startup focused on streamlining ecommerce operations, has raised a substantial $9 million (INR 76 crore) in its Pre-Series B funding round. The round was led by Global Ventures and Reefknot Investments, with participation from several other investors such as Antler…
Foxconn, the global manufacturing giant behind Apple’s iPhones, has ordered its recruitment agents in India to update job advertisements for iPhone assembly positions. The new instructions call for the removal of age, gender, and marital status requirements, marking a significant shift in the company’s hiring practices. This move is part of Foxconn’s effort to ensure more inclusive job…
ArisInfra Solutions Ltd., a Mumbai-based supplier of construction materials, has received the much-awaited approval from the Securities and Exchange Board of India (SEBI) to raise Rs 600 crore through its upcoming Initial Public Offering (IPO). The company, which specializes in B2B (business-to-business) services for the real estate and infrastructure sectors, is now all set to move forward with…
HealthKart Raises $153 Million in Latest Funding Round and Announces ESOP Buyback
HealthKart, a leading omnichannel nutrition platform, has successfully raised $153 million in its latest funding round, led by top investors ChrysCapital and Motilal Oswal Alternates. The round also saw participation from existing investors A91 Partners and Neo Group. This fresh infusion of capital marks a…
BlackBuck IPO: A Mixed Response as Subscription Reaches 53% on Final Day
The BlackBuck IPO—backed by Zinka Logistics Solutions Limited—is nearing its closure today, and as of the final day of bidding, the issue has been 53% subscribed. While this marks a moderate interest in the digital trucking solutions platform, the overall response has been lukewarm, with varying levels of participation…
Ritesh Agarwal Plans to Increase Stake in OYO with Fresh Rs 550 Crore Investment
Ritesh Agarwal, the founder and CEO of OYO, is set to increase his stake in the hospitality giant. According to recent reports, Agarwal is planning to buy Rs 550 crore worth of shares in OYO, which will raise his stake from 30% to 32% in the company.
This move is part of a broader strategy to strengthen his control…
