Timasek and Fidelity’s potential $200 Mn investment in Lenskart to increase valuation to $5 Bn
With a big investment from Temasek in Singapore and Fidelity in the United States, India's Lenskart, an eyewear store, is...
Capital Group purchases 6.24% stake worth over $330 Mn in PB Fintech
For an estimated $330 million USD, US financial services giant Capital Group has made a calculated strategic move by acquiring...
Zepto, Swiggy Instamart among other quick commerce services asked to prove ’10 minutes or less’ claim
The Indian government has taken decisive action to control the delivery times claimed by major participants in an effort to...
Shareholders show green flag to Swiggy for upcoming $1.2 Bn IPO
The gigantic food delivery company Swiggy, headquartered in Bengaluru, has recently attracted a lot of interest after receiving clearance from...
Indian microblogging platform, Koo, stops paying salaries to employees due to financial constraints
Once regarded as a possible competitor to Twitter in India, Koo is currently facing financial difficulties and personnel issues that...
Reliance JIO beats China Mobile to become world’s largest telecom operator by data traffic usage
Jio, the telecom arm of India's massive Reliance Industries Ltd (RIL), has made headlines lately by surpassing China Mobile to...
PhonePe allocated most of its investments from last year to insurance segment
In the ever-changing world of financial technology, or fintech, wise investments are crucial in determining how quickly a company can...
Aramco’s Venture Capital segment to invest USD 200-350 Mn in Indian startups
Through its venture financing arm, Prosperity7 Ventures, Saudi Aramco, the multinational energy behemoth, is proactively entering India's vibrant startup scene....
Report suggests Indian Apple stores are among the firm’s global high performers
Following the Covid-19 outbreak, Apple was in a precarious position. The IT giant started a strategic diversification journey after upheavals...
India might not give EV policy concessions to Chinese firms citing national security concerns
The automobile industry has been impacted by India's aggressive electric vehicle (EV) policy, which has the potential to draw in...