Zomato, the popular food delivery platform, has successfully raised ₹8,500 crore through a Qualified Institutional Placement (QIP) of equity shares. The offer, which opened on November 25 and closed on November 28, was approved by Zomato’s Fund Raising Committee. This capital infusion marks a crucial milestone in the company’s ongoing expansion strategy, particularly in the…
Althion, a water-tech startup based in Hyderabad, has raised ₹3.6 crore in its pre-Series A funding round. The round was primarily led by BioAngels, powered by IAN Group, with additional support from investors such as Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi. This fresh capital will enable Althion to expand its innovative water…
Zepto has raised $350 million in its latest funding round, bringing its 2024 total to $1.35 billion, positioning it as a major player in India’s quick commerce sector. The company plans to expand its operations and is eyeing an IPO by 2025-2026. In a significant move for India’s burgeoning quick commerce sector, Zepto, the fast-growing…
In the midst of life’s turmoil back in 2016, Dheep Vora found herself at a crossroads. The demands of daily life, coupled with the monotony of a decade-long finance career, left her feeling drained and unfulfilled. She needed an outlet—a challenge that would reignite her passion for life. That’s when she stumbled upon running—not by…
Discover the Top 10 Online Grocery Stores in India, offering convenience, quality, and variety at your fingertips. From fresh produce to pantry essentials, explore the best platforms revolutionizing grocery shopping nationwide. In recent years, the landscape of grocery shopping in India has undergone a profound transformation, largely driven by the advent of online grocery stores….
Hyderabad, India – AIESEC, the world’s leading youth-run organization, is set to host the Startup Summit 2024 at Jawaharlal Nehru Technological University on the 2nd and 3rd of August. This highly anticipated event aims to inspire and empower budding entrepreneurs with big dreams and groundbreaking ideas, offering a unique platform for innovation, learning, and networking….
By Manjul Wadhwa The choice between mega and micro-influencers continues to spark debate. Influencer marketing has grown significantly, with some influencers achieving status comparable to traditional celebrities. Yet, this branch of marketing is still fairly new. We often sense a lack of accurate methods for judging and benchmarking campaigns and their results. Nevertheless, a consensus…
Mensa Brands is a company that acquires and scales e-commerce brands. They focus on identifying successful direct-to-consumer (DTC) brands and then leveraging their operational expertise and resources to accelerate growth. Their approach typically involves purchasing promising brands, optimizing their operations, and expanding their market reach through various channels. The goal of Mensa Brands is to…
Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the removal of the angel tax. The angel tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act, imposed a tax on premiums paid by investors above the fair market value of shares in…
Molbio Diagnostics is a biotechnology company that focuses on developing molecular diagnostic solutions for infectious diseases. They are known for their innovative approaches to rapid and accurate testing, particularly in resource-limited settings. Molbio’s technologies often emphasize portability, ease of use, and quick turnaround times for results, making them suitable for diverse healthcare environments globally. Their…
