Page 10 - Aryaman Gupta

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Zomato currently has a market capitalization of around $20 billion

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

Food delivery major Swiggy gets one step closer to $1.25 billion IPO

Shareholders' nod to raise $450 mn via fresh issue, $800 mn via OFS

Flipkart bets big on generative AI to improve customer, seller experience

Datar believes that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets

Transforming agriculture with drone tech: The rise of Thanos Technologies

The agricultural drones automate the hazardous task of pesticide spraying, thereby improving the lives of Indian farmers

Honasa Consumer's The Derma Co hits annual revenue run rate of Rs 500 crore

The company's stock price was up by 4.8 per cent at the close of the market hours, on the back of the update from the company

If there is a market to invest in the world, it is India: Lightspeed exec

A number of limited partners (LPs) are reassessing their exposure to China and increasing weight to India, says Taneja

B2B marketplace ProcMart raises $30 mn in series B funding from Fundamentum

The company is set to enter newer industries beyond MRO consumables such as Biofuel and packaging, expand its distribution network in India and strengthen international operations in Southeast Asia

iPhone, PS5 fly off shelves: Blinkit's big ticket profitability play

The quick-commerce platform has been experimenting with category expansion ranging from standard fresh food and groceries to high-value retail categories

Indian fintech startup funding surges 59% in Q1 CY2024: Tracxn report

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

Info Edge-backed Funstop Games clocks 5 mn+ downloads for Ram Mandir game

The Shri Ram Mandir Game is a casual game that enables users to manage and build their own Ram Mandir in a 3D simulation environment

Cornerstone Ventures launches second fund worth $200 mn for B2B startups

Through the fund, investments will be made across stages, with a focus on early growth stage VC bets

85% dip in top venture capital funding in 2023; hopes up for 2024

Over the past two years, prominent global VC firms have also divested from some of their investments

Invesco marks up IPO-bound Swiggy's valuation by 19% to $12.7 billion

A series of mark-ups push the company's valuation closer to its rival Zomato

Paytm PB MD & CEO Surinder Chawla resigns due to personal reasons

Chawla was appointed as managing director and CEO of Paytm Payments Bank in January 2023 after it received a nod from RBI

Edtech firm Aakash Educational Services appoints Deepak Mehrotra as CEO

The appointment of Deepak Mehrotra is part of AESL's strategic vision to enhance its offerings and expand its reach, the company said

Taiwan's earthquake economic fallout to be minimal, say analysts

The 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, reportedly killing nine people and injuring more than 1,000

Centre Court Capital launches Rs 350 cr maiden fund for sports, gaming

Fund has raised Rs 200 cr in commitments from investors, will focus on early-stage opportunities

AI will be game changer for PC segment: HP India's Ipsita Dasgupta

'Total addressable market of PC to double in next five years'