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Business

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Delhivery profits after previous year's loss

Ahead of its IPO, Delhivery lands ₹2,347 crore from 64 anchor investors

75% of the Delhivery IPO issue has been reserved for qualified institutional investors, 15% has been reserved for non-institutional investors, and the remaining 10% for retail investors.
Razorpay

Razorpay’s announces $75Mn fresh secondary share sale, its biggest ESOP buyback to date, Lightspeed, Moore Ventures participate

Fintech unicorn Razorpay has announced its latest secondary share sale. And at…
Ola Electric cuts jobs amid financial struggles

Regulatory probe finds faulty battery cells and modules likely cause of e-scooter fires: Report

Govt’s initial assessment says faulty battery cells and modules were most likely behind scooters from Ola, Okinawa and others catching fire on their own. 

Meta adopts hiring freeze to cut costs as revenue growth slows

The ones who hold positions in Meta as of now reportedly do not need to be worried, as Meta has not yet announced any plans for layoffs in the near future.
Raysonho @ Open Grid Scheduler / Grid Engine, CC0, via Wikimedia Commons

Shopify to acquire logistics company Deliverr for $2.1Bn in cash & stock deal

The five-year-old Deliverr, founded by former Symphony Commerce colleagues Harish Abbott and Michael Krakaris, has raised over $490 million in capital so far.
Tesla CEO Elon Musk

Elon Musk could make Twitter public again, in a few years: WSJ report

Elon’s intentions point to the classic practice of private equity firms. They takeover companies with high potential, facing problems within, and try to clean it up before taking it back to public trading.
Amazon

Amazon targets $20Bn in exports from India by 2025

Amazon’s all encompassing investment in the Indian market stands at $6.5 billion, a lot higher than what the company had initially promised.

Insurance behemoth LIC’s IPO, India’s largest, to open today

Around 15.81 lakh LIC shares have been reserved for employees and around 2.21 crore shares are reserved for policyholders. The same get a discount of ₹45 and ₹60 respectively should they apply for the public issue.

Neobank Kaleidofin rakes in $15 Mn in Series B, Michael and Susan Dell foundation leads

Kaleidofin has an impressive reach in the Indian market, carrying a userbase of 1.2 million across 230 districts in 14 states of India.

SaaS startup Toplyne tops up with $15Mn in Series A lead by Tiger Global and Sequoia

Toplyne currently has an impressive clientele which includes names like Canva, Grafana, Gather.Town, InVideo and BrowserStack.

Google will now let you remove personal contact data from its search results

Once you have submitted the removal request, you will receive an automated email confirmation, and Google will review your request and gather more information if needed.
Zepto raises $450 million funding

Quick commerce startup Zepto valued at $900Mn after a new $200Mn fundraise

The meteoric rise of quick commerce (set to reach $5.5 billion by…

James Murdoch’s Bodhi Tree to put in $600 million in Indian coaching chain ‘Allen Career Institute’

In the aftermath of rapid shift to online learning in education since…
Tesla sales fall again, challenges persist

Elon Musk offloads $4Bn worth of Tesla Stock, shares plummet in response

The exact reason for this move has not been revealed yet, but it wouldn’t be a stretch to assume Musk could be liquidating assets to finance the $44 Billion deal made with Twitter.
Apple appeals App Store injunction ruling

iPhone and Mac sales lead the way as Apple clocks over $97Bn in Q2’22 revenue

Apple had a strong fiscal 2022 second quarter as it generated revenue of over $97 billion, led by bumper iPhone and MacBook sales.
amazon logo

Amazon beats revenue estimates, but misses out on EPS for Q1 2022

Amazon reported its financial results for Q1 2022, revealing that it had…
Twitter

Twitter reports Q1’22 numbers, 16% Y-o-Y increase in revenue at $1.2Bn

The status of Twitter as a public company may soon change if…
WhatsApp

WhatsApp is introducing a cashback program to lure users to its digital payments service

WhatsApp’s payments service continues to fall behind the leading names in digital…

Meta clocks rise in users in Q1 2022, but revenue growth is the lowest since it went public

Meta is the parent to some of the leading social media platforms…