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Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

TMT

08 November, 2024

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as ......

Lightspeed-backed edtech unicorn PhysicsWallah sinks deeper into the red in FY24

TMT

08 November, 2024

Lightspeed-backed edtech unicorn PhysicsWallah sinks deeper into the red in FY24

Edtech unicorn PhysicsWallah reported a wider loss for the financial year through March 2023, primarily due to non-cash ......

Venture studio BrahmVeda acquires astrology platform Vedvaani

TMT

08 November, 2024

Venture studio BrahmVeda acquires astrology platform Vedvaani

Surat-based AI-focused startup venture studio BrahmVeda has completed the acquisition of astrology platform Vedvaani in ......

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MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds

TMT

08 November, 2024

MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds

Early-stage venture capital deals led startup investment activity in the Middle East and North Africa (MENA) region this......

C2i Semiconductors, 30 Sundays, Exoticamp secure early-stage cheques

TMT

08 November, 2024

C2i Semiconductors, 30 Sundays, Exoticamp secure early-stage cheques

Chip design startup C2i Semiconductors and travel agent 30 Sundays secured early-stage funding, the companies said......

Enforcement Directorate raids offices of sellers using Amazon, Flipkart platforms

TMT

07 November, 2024

Enforcement Directorate raids offices of sellers using Amazon, Flipkart platforms

India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an ......

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PE firm Turkven acquires cloud services provider in third bet of 2024

TMT

07 November, 2024

PE firm Turkven acquires cloud services provider in third bet of 2024

Turkven, a Turkish private equity firm that backs mid-sized companies and manages assets worth over $2 billion has ......

Nexstem, India IVF & Pulse get early-stage cheques; Wealthzi gets snapped

Healthcare

07 November, 2024

Nexstem, India IVF & Pulse get early-stage cheques; Wealthzi gets snapped

Startups Nexstem, India IVF and Pulse have raised early-stage funding, the companies said on Thursday. Nexstem ......

Blackstone-owned Simplilearn's revenue growth slips in FY24, EBITDA loss narrows

TMT

07 November, 2024

Blackstone-owned Simplilearn's revenue growth slips in FY24, EBITDA loss narrows

Blackstone-owned edtech startup Simplilearn’s revenue growth slipped to barely touch double digits in the financial ......

Freshworks raises annual results forecast, to lay off 13% of staff

TMT

07 November, 2024

Freshworks raises annual results forecast, to lay off 13% of staff

Freshworks raised its annual revenue and profit forecasts on Wednesday after upbeat third-quarter results, helped by ......

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