Angel investors gaining popularity in the market

Angel investors provide capital to potential startups in exchange for a piece of the company, which is in the form of equity or royalties. In the early phase, Angel Investors, as the name suggests, provides support and help to startups to make recognition in the market through such investors. In recent times we have experienced the rise of startups...

PhonePe in talk to buy India Mobile platform Indus OS for $60 Mn

Walmart-owned digital payment and financial services company PhonePe is going to acquire Samsung backed Indus OS, an indigene mobile platform that works as a third-party mini android app store. The deal has yet to close, and as per the sources, it values at $60 Million. Following the deal, the investors of Indus OS will leave the company with cash, and...

PolicyBazaar files its DRHP to SEBI for Rs. 6000 Crore IPO

Online insurance and other financial product marketplaces, PolicyBazaar has filed for an IPO (Initial Public Offering) of Rs. 6,017 Crores ($809 million). The company has submitted its DRHP (Draft Red-Herring Prospectus) with markets regulator SEBI on Monday. Founded in 2008, PolicyBazaar has become the fourth major Indian start-up after Zomato, MobiKwik, Paytm, which are either going public or filing for...

Air India coming back to Tata Group

For a long time, the government has been attempting to sell the underperforming airline, which had accrued a loss of $9.53 billion. The government attempted to auction its controlling ownership nearly three years ago but received no bids, forcing it to relax the terms. During the pandemic, the government had to constantly extend the deadline for bids. Though the...

Ola Electric launches its first Electric Scooters Ola S1, S1 Pro

On the Eve of Indian Independence Day, Bengaluru based-Ola Electric Mobility Pvt. finally launched its first series of E-scooter in two variants – the Ola S1, which will be available in five colours, and the Ola S1 Pro. This more powerful variant will be available in 10 colours.  S1 is priced at ₹99,999 (ex-showroom), the S1 Pro is ₹1,29,999 (ex-showroom),...

Karnataka High Court dissolves Amazon, Flipkart appeal to end CCI probe against them

The Karnataka High Court has dismissed the appeal of E-commerce companies Amazon and Flipkart to halt the antitrust investigation by India’s competition watchdog against their operation. The verdict came after both companies, Walmart owned by Flipkart and Amazon, had appealed separately to the division bench of Karnataka high court against its previous order, the way for CCI (Competitive Commission of...

Samosa Party leveling up our all-time favorite snack

No one say no to samosa. It’s one of those snacks that hardly anyone will say no for. Whether it’s tea time or a party, samosa on the menu will never be a mistake, and especially when it has started coming up with many filling options. With the same set of minds, Amit Nanwani and Diksha Pande established a business...

Tesco Boss Hails End of ‘Space Race’ as Profits Crash

A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers...

Zomato IPO: All you want to know about

After two days Gurugram based Food-tech company, Zomato will hit the primary market and become a public company. In its 13 years-long journey in which foodiebay became Zomato Private Limited, Zomato has faced many challenges and competition from the market and its rivals.  Some days ago, when Zomato filed its RHP (Red Herring Prospectus) with BSE (Bombay Stock Exchange), it...

Stock Market surge with Rs. 3764 Cr. with 5 IPOs this week

There is good news for stock market investors as 5 IPO (Initial Public Offering.) is hitting the Indian market in the 3rd week of March, with more than Rs. 3,764 Cr. of the fund. The companies include Laxmi Organic Industries, Craftsman Automation Ltd., Kalyan Jewellers, Nazara Technologies Ltd., Saryoday small bank finance Ltd. strike back-to-back at the ending of...