India’s Oyo, Once Valued At $10B, Seeks New Funding At 70% Discount
Oyo, the hospitality unicorn of India, is in negotiations with investors to secure a new round of funding. This could reduce the company’s valuation to $3 billion or less, as reported by Techcrunch. Oyo is currently in discussions with potential investors to raise money. The investors include Khazanah, Malaysia’s sovereign wealth fund, for a fresh […]
Paytm rival Mobikwik announces Pocket UPI
The fintech giant, Mobikwik, has introduced Pocket UPI. It is a wallet-based payment option. The feature allows users to make payments without linking their bank accounts. The introduction of this feature empowers users by providing an additional choice during UPI payments. Mobikwik is focusing on enhancing the convenience factor for customers by simplifying the payment […]
Vishal Gaba Quits Bira 91
The marketing department of Bira has seen a major change as Vishal Gaba has stepped down from his position of CMO(Chief Marketing Officer). “Bidding farewell to Bira 91 after an amazing 2.5-year roller-coaster ride. Grateful for the learnings, experiences, memories, and the people I worked with. Will continue to root for the brand!” He recently […]
Boat Signs Yashasvi Jaiswal As Their New Brand Ambassador
Boat, a notable electronics brand in India, has recently signed the young and talented cricketer Yashasvi Jaiswal as their new brand ambassador. This exciting news has created a buzz among fans of the brand and the cricketer. BoAt is known for its innovative and stylish electronic products like headphones, earphones, and smartwatches. They have a […]
Top 5 Richest IPL Teams in 2024
The Indian Premier League (IPL) is not just a cricket tournament. It’s a financial powerhouse, with teams valued in millions of dollars. The league has grown exponentially since its beginning in 2008, attracting some of the biggest names in business and entertainment. As of 2024, the IPL Net Worth & franchise values have reached new […]
Swiggy To Restart Delivering Home-Cooked Meals Starting From Rs 200.
Swiggy, the food delivery giant, is all set to restart its home-cooked meal service after a gap of four years. The orders include home-cooked, healthy, and affordable meals from local kitchens and chefs, according to the latest report by Money Control. It offers healthy, home-cooked food at an affordable price with different subscription options for […]
Bahrain’s Investcorp acquires NSE IT, India’s National Stock Exchange digital division.
Bahrain-based private equity firm Investcorp has acquired the National Stock Exchange’s Digital service business. Investcorp completed the deal for $120 million, which is around Rs 1,000 crore. This is said to be India’s largest private equity deal. This deal does not include NSE’s digital examination business which offers:- About NSE IT Division. The NSE IT […]
Hero FinCorp Partners with Delhi Capitals IPL Team for Multi-Year Association
In the sports sponsorship world, partnerships often reflect shared goals and values. Hero FinCorp, a major finance company in India, has begun a multi-year partnership by sponsoring the Delhi Capitals, a cricket team in the Indian Premier League (IPL). Hero FinCorp, part of Hero MotoCorp, provides loans to consumers and businesses. They offer property-backed loans, […]
PharmEasy Raises $216M Amid 90% Valuation Drop: Turning Point for Online Pharmacies
PharmEasy, India’s once largest-growing online pharmacy and healthcare platform recently raised Rs. 1,804 crore ($216 million). This funding round was led by Ranjan Pai’s Manipal Education and Medical Group (MEMG). However, this funding came at a significant cost as the company valuation saw a drop by 90% from its peak of $5.6 billion in 2021 […]
Analyzing HDB’s Financial Performance For FY 23-24.
HDB Financial Services has been in the news for a while as the HDFC Bank’s financial arm is expected to launch its IPO this year. The NBFC has been a center of attraction in the unlisted share market. Let’s analyze their annual financial results and check if the HDB share is a good investment opportunity. […]
