Rapido gains a cab aggregator license in Karnataka until 2031, providing long-term stability, while simultaneously facing a central government directive to end advance tipping options for riders.
Redcliffe Labs showcases a dual strategy: acquiring Pune's Megavision Diagnostics for Rs 40 crore while partnering with Skyroot Aerospace to test diagnostic reagents in space.
Uber's bike taxi service expands to 220 Indian cities, including Jammu and Tirunelveli, while the Centre mandates an end to advance tipping for consumer protection.
Shiprocket's public issue saw 3.16x oversubscription on Day 2, raising ₹1,617 crore after trimming its IPO size. Learn about anchor investor confidence, varied returns for early backers like 500 Global, and market reception despite disclosed losses.
Cars24 invests $5 million to launch Deployment Inc., an independent enterprise AI company. This move signals a new trend for established tech firms spinning off internal capabilities into standalone ventures.
Paytm faces contrasting forces: market optimism driven by potential UPI MDR, pushing shares to a 52-week high, alongside a new SEBI show cause notice regarding a 2023 disclosure. An analysis of balancing growth with regulatory oversight.
Deep-tech startup Discovered Materials raises $9 million (Rs 85 crore) in a seed round led by Lightspeed India, with Y Combinator and Peak XV Partners, to hunt for more efficient chip materials.
Electric mobility platform Yulu raises $93 million in Series C funding, led by GEF Capital, to scale its EV fleet and enter the full-size electric scooter segment, marking a significant strategic expansion.
Zepto is navigating increased regulatory scrutiny with Maharashtra's proposed EV mandate and welfare levy, alongside intensifying competition from Flipkart Minutes in the premium grocery market.
Mitti Labs secures $9.5 million Series A led by Aramco Ventures, with Lightspeed India and Godrej Industries Group also participating, to expand its water-efficient rice cultivation technology in India.