In a significant turn of events, Indian e-commerce startup Meesho has achieved a long-awaited milestone – its first-ever profit. This achievement has not only positioned Meesho as a formidable player in India’s competitive e-commerce landscape but has also ignited talks of a potential Initial Public Offering (IPO) within the next 12 to 18 months. Let’s…
In a strategic move that has sent ripples through India’s financial landscape, Svatantra Microfin Private Limited, founded by Ananya Birla, is set to acquire Chaitanya India Fin Credit Private Limited, a subsidiary of Sachin Bansal’s Navi Group, for a substantial Rs 1,479 crore. This remarkable deal, expected to be finalized by the close of 2023,…
Lula, often dubbed the “Stripe for insurance,” has recently secured a substantial $35.5 million in Series B funding, driven by a surge in customer demand. Initially focused on providing an insurance API to simplify the insurance infrastructure for businesses, Lula has evolved into a comprehensive insurance solutions provider. Its innovative tools encompass risk management, claims…
Pine Labs, a leading omnichannel platform for merchant commerce, has recently announced the appointment of Navnit Nakra as its new Chief Revenue Officer. With a wealth of experience in the tech and banking sectors, Nakra is poised to play a crucial role in formulating growth strategies, maximizing revenue streams, and driving innovation within the payments…
Ola Electric, a major player in the electric vehicle (EV) industry in India, is facing significant leadership changes as two key executives, Slokarth Dash and Saurabh Sharda, tender their resignations. The departures of these prominent figures come at a critical juncture as Ola Electric gears up for an initial public offering (IPO) in early 2024….
The health and fitness industry in India received a significant boost as Cult.fit, a prominent fitness brand, announced its collaboration with Bollywood superstar Ranveer Singh. This exciting partnership aims to leverage Ranveer’s dynamic persona and commitment to a healthy lifestyle to promote fitness initiatives and inspire people across the nation. A Fit Collaboration for a…