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Summary: WeWork, backed by Embassy, has filed for an IPO with SEBI, offering 4.4 crore shares through an offer-for-sale (OFS) structure. Embassy Buildcon, the largest shareholder with a 73.8% stake, and WeWork Global affiliate 1 Ariel Way Tenant Ltd., holding 22.7%, will sell the shares. The company itself will not raise funds from this IPO,…
The Economic Survey for 2024-25 highlighted the detrimental effects of long working hours on health, particularly mental well-being. It emphasized that working more than 60 hours a week could result in adverse health outcomes, with studies showing that spending over 12 hours a day at a desk is linked to mental distress. The Survey cited…
In an exciting new partnership, Nike has teamed up with Blinkit, a leading Indian quick-commerce service, to offer ultra-fast delivery of gym accessories. Customers in Delhi NCR can now get their hands on products like yoga mats, sippers, gym gloves, headbands, wristbands, and towels in just 10 minutes through Blinkit’s service. Albinder Dhindsa, CEO of…
Summary: Snabbit, a Mumbai-based startup providing on-demand home services such as cleaning, laundry, and dishwashing, has announced the successful completion of its $5.5 million Series A funding round. The round was led by Elevation Capital, with additional backing from Nexus Venture Partners and prominent angel investors. Launched in 2024 by Aayush Agarwal, Snabbit takes a…
Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led by a Dubai-based family fund. With 130 stores across Bihar, Jharkhand, UP, and MP, the company plans to expand nationally, targeting South, West, and Central India. The funding will support geographic growth, the establishment of…
Summary: Kisaan Say, India’s first cross-category direct-from-origin food brand, has raised $2 million in a pre-seed funding round led by Jungle Ventures via its First Cheque@Jungle platform, with participation from senior food industry leaders. Co-founded by Nitin Puri, Manoj Karki, and Vaishali Mehta, the brand partners with 20 farmer collectives, benefiting over 50,000 farmers. KisaanSay…
Summary: Sarla Aviation, a Bengaluru-based aerospace startup, has raised $10 million in funding led by Accel, with participation from notable angel investors. Founded in 2024, the company aims to address urban congestion through electric air taxis. Its first prototype, Shunya, designed for six passengers and a pilot, will debut at the Bharat Mobility Global Expo….
Bengaluru, India – Ola Electric, the prominent electric vehicle (EV) maker, announced the resignation of two key executives, Chief Technology Officer (CTO) Suvonil Chatterjee and Chief Marketing Officer (CMO) Anshul Khandelwal, effective December 27, 2024. Both leaders cited personal reasons in their resignation letters addressed to the company’s management. In their letters, Khandelwal and Chatterjee expressed…
Crypto investment platform BitSave has successfully closed its pre-Series A funding round, securing an undisclosed amount from Leo Capital. The platform, founded in 2022 by former core team members of Koinex—Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan—aims to simplify long-term crypto investments by offering passive investment products, including a flagship crypto index product…
Honasa Consumer, the parent company of Mamaearth, has lost its unicorn status as its stock price has tumbled nearly 29% in recent sessions. This sharp decline, which has wiped out significant market value, has raised concerns about the company’s financial health and future prospects. As of now, Honasa’s market capitalization stands at ₹7,721 crore (approximately…