Indian E-commerce Funding Plunges 42% YoY To $1.5 Billion
Over the past decade, the Indian e-commerce industry has experienced remarkable growth, driven by increasing internet penetration, the adoption of digital payments, evolving consumer behavior, rising smartphone usage, and the expansion of digital infrastructure. These factors have collectively transformed the way Indians shop, making online retail an integral part of their lives. Online Shoppers As […]
From Aye Finance To Klassroom: Indian Startups Secure $14 Mn Funding This Week
Optimism around funding trends for 2025 remains high, but the deals struck in the first week signal a potential reversal of fortunes. Between the December 30, 2024, and January 4, 2025, Indian startups managed to raise only $14 million across five deals. This marks a significant 46% decline from the $26 million raised through six […]
Zepto Plans To File IPO Draft Papers By March-April: Report
Quick commerce platform Zepto is reportedly gearing up to file its draft prospectus for an Initial Public Offering (IPO) by March or April this year. According to sources, the company has secured the necessary approvals to shift its base from Singapore to India ahead of its public listing. Zepto Board Meeting While the IPO details […]
Income Tax Appellate Tribunal Grants Relief To PB Fintech From INR 166 Crore Tax Demand
PB Fintech, the parent company of the renowned insurance platform Policybazaar, has been granted a tax exemption of ₹166.12 crore for the financial year 2015-16. This exemption overturns an earlier decision made by the Commissioner of Income Tax (Appeals) [CIT(A)]. Company Order Story The company recently received an order from the Assistant Registrar of the […]
BharatPe’s Parent Company Plans To Sell Stake In Unity Small Finance Bank: Report
Fintech company BharatPe’s parent entity, Resilient Innovations, is reportedly considering selling a portion of its stake in Unity Small Finance Bank (Unity SFB). According to sources cited by Business Standard, the company is planning to offload 25% of its holdings in the bank, aiming to raise approximately $800 million through the sale. 49% Stake Story […]
Two-Wheeler EV Sales 2024: Ola Leads The Pack, Bajaj And TVS Close The Gap
The Indian electric vehicle (EV) industry marked another year of maturity in 2024, driven by advancements in charging infrastructure, policy initiatives from central and state governments, and growing investor interest. This collective push resulted in a promising surge in EV sales, signaling a robust shift toward sustainable mobility. EV Registration Percentage India recorded a 30% […]