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BlackBuck gets a valuation markdown ahead of IPO as it divests key revenue generator

TMT

08 July, 2024

BlackBuck gets a valuation markdown ahead of IPO as it divests key revenue generator

BlackBuck, which entered the haloed club of technology unicorns (startups valued at $1 billion or more) during 2021 when venture ......

Paytm slides deeper into losses after RBI order, warns of more downside

Finance

22 May, 2024

Paytm slides deeper into losses after RBI order, warns of more downside

Paytm posted a wider loss in the fourth quarter on Wednesday and warned of further financial impact in the current ......

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Separating fact from fiction: how many unicorns does India really have?

TMT

20 March, 2024

Separating fact from fiction: how many unicorns does India really have?

Last week, Perfios, a startup offering software-as-a-service (SaaS) solutions, entered the much-coveted unicorn club after raising $80 million from late-stage ......

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Grapevine: Quadria Capital sets sight on PE-backed dialysis chain; WizFreight raises funding

General

05 January, 2024

Grapevine: Quadria Capital sets sight on PE-backed dialysis chain; WizFreight raises funding

Asia healthcare-focussed private equity firm Quadria Capital, which has backed names like Maxivision Eye Hospitals, MediBuddy, Nobel Hygiene and Concord ......

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B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round

Infrastructure

06 December, 2023

B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round

Business-to-business e-commerce unicorn OfBusiness is in early stages of discussion with multiple investors – both domestic and sovereign wealth funds ......

Tiger Global-backed Apna's revenue grows 3x but net loss remains stable

TMT

01 November, 2023

Tiger Global-backed Apna's revenue grows 3x but net loss remains stable

Tiger Global-backed recruitment platform for grey and blue-collared workers Apna has posted a nearly 3x growth in its revenue, while it ......

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

TMT

18 October, 2023

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

Walmart-owned Indian digital payments unicorn PhonePe's revenue surged 77% during the year ended March 2023, on the back of rapid ......

EvolutionX signs $40 mn cheque to Mensa Brands

TMT

05 October, 2023

EvolutionX signs $40 mn cheque to Mensa Brands

Mensa Brands Technologies Pvt. Ltd, which owns and operates a host of direct-to-consumer companies, on Thursday said it has raised ......

Tiger Global-backed Razorpay marks 8th acquisition with BillMe

TMT

12 September, 2023

Tiger Global-backed Razorpay marks 8th acquisition with BillMe

Fintech unicorn Razorpay has acquired Mumbai-based JHKP Technologies Pvt. Ltd, which operates digital invoicing and customer engagement platform BillMe. This ......

Udaan rejigs business team amid key departures

People

04 September, 2023

Udaan rejigs business team amid key departures

Business-to-business unicorn Udaan on Monday said it has rejigged its organisational team and structure, amid transitions from a few senior ......