Tata Consumer Products completes merger of three wholly-owned subsidiaries in India

Tata Consumer Products completes merger of three wholly-owned subsidiaries in India

Introduction Tata Consumer Products Ltd (TCPL), a leading player in the fast-moving consumer goods (FMCG) sector, has completed the merger of three wholly-owned subsidiaries in India. This significant move aligns with TCPL’s strategy to streamline operations and unlock synergies across its business. To add, the integration of Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd,…

Mastercard partners with boAt to launch tap-and-pay feature on smartwatches

Mastercard partners with boAt to launch tap-and-pay feature on smartwatches

Introduction In a world where digital payments are becoming the norm, Mastercard has partnered with boAt, one of India’s leading wearables brands, to launch a tap-and-pay feature on smartwatches. This partnership can make everyday transactions easier and faster. The collaboration between Mastercard and boAt reflects the growing demand for seamless payment solutions in the Indian…

Quick commerce Startup Zepto raises $340M at $5B valuation

Quick commerce Startup Zepto raises $340M at $5B valuation

Introduction In August 2024, Indian quick commerce startup Zepto raised $340 million in a new funding round. This impressive fundraising has taken its valuation to a whopping $5 billion. The company has been making headlines in the quick commerce industry with its lightning-fast delivery services, a business model that has taken India by storm. This…

Viggle AI Secures $19 Million in Series A Funding

Viggle AI Secures $19 Million in Series A Funding

Introduction Viggle AI has just reached a major milestone. The company successfully secured $19 million in Series A funding. This marks an important moment in its journey, positioning Viggle AI to grow rapidly and scale its innovative technology. This fresh capital will help the company develop new features, hire talent, and expand globally. In this…

Zomato completes acquisition of Paytm’s entertainment ticketing biz

Zomato completes acquisition of Paytm’s entertainment ticketing biz

Introduction Zomato has officially taken over Paytm’s entertainment ticketing business, marking a significant step in expanding beyond food delivery. The acquisition includes Paytm’s two key subsidiaries, Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL). These companies manage popular platforms like TicketNew and Insider, making this deal a key move for Zomato. What…

Edtech Platform PhysicsWallah Launches School of Startups with Crores of Fund for 100 Startups

Edtech Platform PhysicsWallah Launches School of Startups with Crores of Fund for 100 Startups

Introduction India’s startup ecosystem continues to grow, and PhysicsWallah (PW) is contributing to this momentum. The Edtech unicorn has recently launched the PW School of Startups (SOS), aiming to support aspiring entrepreneurs across India. The initiative helps to provide a platform for entrepreneurs who can convert their business ideas into successful ventures. With a Rs…

Premier Energies IPO opens for subscription today: All you need to know

Premier Energies IPO opens for subscription today: All you need to know

Introduction The Premier Energies IPO opened for subscription on August 27, 2024, offering an exciting opportunity for investors in India. But before diving into this, let’s understand the basics of an IPO and how it works, especially if you are new to the world of investments. What is an IPO? An IPO, or Initial Public…

Flux: A New Open-Source Image Generator

Flux: A New Open-Source Image Generator

Introduction Flux, developed by Black Forest Labs, is making a significant impact in the field of AI image generation. Launched in August 2024, Flux represents a fresh approach to creating high-quality images using artificial intelligence. With its innovative features and three distinct variants, Flux is set to challenge established players like Midjourney, Stable Diffusion, and…

After 75% Fall In Valuation, Oyo Rooms Reports Its Profit Of Rs. 229 Crore

After 75% Fall In Valuation, Oyo Rooms Reports Its Profit Of Rs. 229 Crore

Oyo Rooms, a well-known name in the budget hotel industry, has achieved a major milestone. The company has reported its first-ever profit after tax (PAT) of Rs. 229 crore for the financial year 2023-24 (FY24). This accomplishment is particularly significant, as it comes after a steep 75% drop in Oyo’s valuation. Despite the challenges, Oyo…