Meghmani Finechem Limited (MFL), India’s leading integrated chemical manufacturer, today announced its financial results for the quarter and nine-months ended December 31st, 2022. The company delivered a strong operating and financial performance. The chemical major posted a 27% jump in its revenue for Q3FY23 to ₹ 538 Cr as compared to Q3 of FY22. Commenting on the results Maulik … Read more
Global tech investors continue to put large sums of money into Indian tech companies despite a challenging global economic climate, with a recent report conducted by Dealroom and London & Partners revealing that India ranked 4th globally with $24.1B worth of VC investments in 2022. Further analysis from the research showed that $10.7bn of that … Read more
Funding for Indian startups in CY22 was nearly USD 24 billion, a drop of 33% in comparison to CY21 but was still more than twice the funds raised in CY20 and CY19 each. As per the PwC India report titled, “Startup Deals Tracker – CY22”, early stage funding grew by 12% as compared to CY21, showing that despite the global slowdown, investors … Read more
Akshayakalpa Organic, India’s first certified organic dairy manufacturer has added 450 farmers to their existing cluster of 400 farmers in the year 2022. It has been a humble journey for Akshayakalpa since 2010 with the twin objectives of providing nutritious milk and other dairy products to consumers that are produced by financially successful and independent … Read more
CarDekho, India’s leading auto-tech group, announced results for the financial year 2021-2022. The group registered an impressive 81 per cent growth in consolidated revenue from operations, increasing to INR 1,598 crore in FY22 from INR 884 crore in 2021. The total expenses of the group increased by 70 per cent thereby signifying a strong operating leverage. … Read more
In a cash and equity transaction, the content-to-commerce conglomerate The Good Glamm Group purchased a 51% majority stake in the digital media firm Tweak India. The Good Glamm Group’s unique content-creator-commerce play will be significantly strengthened by the greater access to the Tier 1 demographic that this strategic purchase would provide. The content-creator-commerce stack of … Read more
The deal gets EaseMyTrip to foray into the growing air charter services market in India and abroad. EaseMyTrip, India’s one of the largest online travel tech platforms, today announced it will invest in and acquire* Gujarat’s GIFT city-based Nutana Aviation. The acquiree* company is in the business of offering charter solutions to clients in India … Read more
IVY Growth a new age organisation who associate with start-ups and start-up founder and collaboratively work towards building a startup ecosystem that is sustainable and scalable, celebrates its 1st Year Anniversary with a whooping 65+ Start-up Investments. With an overall syndicate funding of 12Mn$ from their network of angel investors it has set the tone … Read more
LoanTap announced the launch of India’s biggest electric two-wheeler online marketplace. With the presence of India’s top brands and over 1000 dealers in one place, customers will have a wide range of options to choose from. They can check out the features and pick the bike of their choice without worrying about funds. In the … Read more
Scaler, one of India’s fastest-growing tech upskilling startups, announced a cumulative 2500 per cent revenue growth in FY 2020 and 2021 with an Annual Revenue Rate (ARR) of $110 Million in August 2022. Owing to the capital-efficient business model adopted by the company, Scaler has achieved YoY growth of over 350 per cent and sustained … Read more
Proof of Work’ Platform Belong.Education acquires Pune-based Intern Hiring platform InternIn to expand into Tier-II and tier-III cities. Aiming to tap the Early Talent Hiring market in India, HRTech startup Belong acquired the country’s 2nd largest intern hiring platform – InternIn for an undisclosed amount on Friday. Starting with 3 colleges and 5 startups in … Read more
Moglix today announced the acquisition of ADI’s India distribution business to spread its arms further into industrial goods distribution. ADI’s India business represents the Indian distribution arm of ADI Global Distribution, a leading global wholesale distributor of security, AV and low-voltage products, which is part of Resideo Technologies, Inc. Moglix has acquired ADI’s India distribution … Read more
Safex Chemicals India Limited (Safex), a fast-growing Indian agrochemicals company, announces the acquisition of Briar Chemicals (Briar), the UK’s leading agrochemicals Contract Development and Manufacturing Organisation (CDMO) provider, from the pan-European alternative investment firm AURELIUS Equity Opportunities. Safex is backed by ChrysCapital, one of India’s largest private equity firms, which owns a significant minority stake in the … Read more
Since its founding in 2017, KuCoin has expanded from its original seven co-founders to a highly effective team of over 1,000 people across the globe, scaling 142 times. The exchange currently serves 20 million crypto users across more than 200 countries. Along with the rapid growth in the number of users, the cumulative trading volume … Read more
India’s fastest growing multi brand EV platform, BLive, opened its first EV Experience store at CIT Road, Scheme VIM, Near Phoolbagan P.S, Kolkata, West Bengal. The EV Experience store was launched in the presence of Lopa Mudra, ex Miss Kolkata and Public Figure. The store offers a wide range of products for personal mobility and EV solutions for businesses. With the … Read more
SuperShare is excited to announce its first-ever ESOP (Employee Stock Option Programme) buyback. In its Series A stage, SuperShare is successfully utilising ESOPs to draw in new talent while recognizing current and past employees for their support and contributions. It’s a rare event for an early-stage startup. Team members with vested options will be eligible … Read more
