India’s homegrown audio and wearables giant boAt has just made a dramatic move in the stock market—slashing its planned IPO from ₹2,000 crore to ₹1,500 crore. But while the offering shrinks, the co-founders and big investors are still poised for massive paydays, making this one of the most talked-about listings in India this year.
Who’s Cashing Out?
Warburg Pincus, via South Lake…
Groww Levels Up: From Trading Platform to Wealth Management Powerhouse
India’s fastest-growing investment platform, Groww, has completed the acquisition of Bengaluru-based wealth-tech startup Fisdom, marking one of the most significant consolidation moves in the country’s fintech ecosystem this year.
The deal, reportedly worth around $150 million in cash, received the green light from the…
In a major pre-IPO move, 3State Ventures, the Singapore-based investment firm founded by Flipkart co-founder Binny Bansal, has invested Rs 160 crore in Curefoods, the health-focused food delivery company, ahead of its initial public offering (IPO). The development signals strong investor confidence in the rapidly growing Indian food-tech and wellness market.
According to Curefoods’ filing with…
India’s fintech landscape is buzzing again — and this time, it’s not a funding round or a flashy partnership making headlines. PhonePe, one of India’s biggest digital payment players, has quietly filed confidential IPO papers with SEBI, setting the stage for what could be one of the largest tech listings in India’s history.
According to reports, the Walmart-owned fintech unicorn has…
In a proactive move aimed at shielding retail investors, the Securities and Exchange Board of India (SEBI) has introduced a series of new regulations designed to curb speculative trading in the derivatives market. These changes come in response to the alarming losses that many retail investors have experienced in futures and options (F&O) trading, prompting the need for tighter…
Zerodha, India’s largest stock broking platform, has announced impressive financial results for FY24, reporting a revenue of ₹8,320 crore and a profit of ₹4,700 crore, according to CEO and co-founder Nithin Kamath. This marks a significant increase from FY23, when the company recorded revenue of ₹6,875 crore and profit of ₹2,907 crore.
The growth trend continues, as Zerodha’s net…
In a significant regulatory action, the Securities and Exchange Board of India (SEBI) has barred industrialist Anil Ambani and 24 associated entities from the securities market for five years. This penalty follows an investigation into the diversion of funds from Reliance Home Finance Ltd. (RHFL), a company under Ambani’s broader business conglomerate. SEBI has also imposed a hefty fine of ₹25…
The latest allegations from Hindenburg Research, questioning potential conflicts involving the chief of India’s market watchdog, have reignited a critical debate. These claims, which have been denied by both the official and the regulator, necessitate a serious and independent investigation. The Supreme Court in New Delhi should consider reinstating the committee it had previously established…
MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore loss in FY23. This milestone has boosted MobiKwik’s confidence as it prepares for its Initial…
The Securities and Exchange Board of India (SEBI) has reported ₹76,293 crore in dues classified as difficult to recover (DTR) for the fiscal year 2023-24, marking a 4.1% increase from the previous year’s ₹73,287 crore. DTR dues are amounts that have remained unrecovered despite exhaustive efforts.
Under Section 28A of the SEBI Act, 1992, along with provisions from the Securities Contracts…
