Bob van Dijk, the CEO of Naspers and Prosus, has resigned from his position, effective immediately. Ervin Tu, the Group Chief Investment Officer at Prosus, has been appointed as the interim CEO of both companies. Van Dijk’s departure comes at a time when the tech industry is facing a number of challenges, including rising inflation,…
In the world of investments, notable names often make headlines, and this time, it’s Nikhil Kamath, the co-founder of Zerodha, stepping into the spotlight. He is gearing up to become an investor in Ather Energy, an electric vehicle startup that’s been making waves. But what’s the story behind this move? Kamath’s investment journey has been…
Apple’s recent Wonderlust Event on September 12, 2023, was a tech enthusiast’s dream come true. The event featured the grand unveiling of the highly anticipated iPhone 15 Series and a fresh lineup of smartwatches. Let’s delve into the world of iPhones and see which one suits your needs. iPhone 15 Series: A Glimpse of the…
In the ever-evolving world of food delivery and e-commerce, strategic acquisitions can be game-changers. Recently, JustMyRoots, an emerging player in the intercity food delivery sector, made a significant move by acquiring The State Plate (TSP), a well-established name in the non-perishable packaged food market. This acquisition is poised to have a substantial impact on the…
A Closer Look: MrMed getting this money shows that people are starting to put more money into online pharmacies in India. What makes MrMed special is that they focus on special medicines, which helps them stand out. MrMed wants to get bigger, and this money will help them do that. Important Info: What It Is…
PhonePe, a company supported by Walmart, is stepping into the stock broking business with a new app called Share.Market. This app is part of PhonePe’s subsidiary, PhonePe Wealth Broking Pvt. Ltd, and will be led by Ujjwal Jain and Sujit Modi, the founders of WealthDesk and OpenQ. These platforms were bought by PhonePe for $75…
The Indian startup ecosystem is buzzing with excitement as Zepto, an online grocery delivery startup, achieved a groundbreaking milestone by raising $200 million in a Series-E funding round. Spearheaded by StepStone Group, a prominent US-based private markets investment firm, this funding round has propelled Zepto’s valuation to an impressive $1.4 billion. Notably, Zepto’s achievement marks…
In today’s fast-paced world, where technology is transforming industries, HR departments are not far behind. One company that is making significant strides in revolutionizing HR practices is Vega-HR. This comprehensive HR platform leverages the power of AI and analytics to redefine employee rewards and recognition, streamline processes, and create a more engaged and empowered workforce….
In the ever-evolving landscape of financial technology, Mumbai-based SwitchMyLoan has emerged as a rising star. This lending aggregator has recently closed a successful pre-Series A funding round, drawing significant interest from notable investors, including O2 Angels Network, Rajesh Ranjan, Dr. Jaydeep Thaker, and more. The injection of funds is set to propel the company’s technological…
The anticipation leading up to the listing of Jio Financial Services Ltd (JFSL) shares, following its spin-off from Reliance Industries Limited (RIL), was palpable. However, what unfolded on the stock market was quite different from the soaring expectations. In this blog post, we’ll take a deep dive into the details of JFSL’s muted listing and…