Tarush Bhalla
Stories by Tarush Bhalla
India: Digital payments startup MobiKwik looks to become profitable this year
Due to the COVID-19 impact, MobiKwik saw a 30 per cent dip in transaction volumes on its platform.
Indian startups conserve cash, eye profitability as they brace for long funding winter
As startups focus on turning profitable, growth has taken a clear hit.
India: IncNut Digital raises $4m in Series A funding led by RPSG Ventures
IncNut houses personalised skincare brand SkinKraft and ayurvedic beauty brand Vedix.
India’s Zomato doubles revenue to $394m, losses marginally increase in FY’20
In FY19, the food aggregator unicorn reported a revenue of $192 million and a loss of $277 million.
India: Zomato funding in a soup amid India-China standoff
Zomato may be unable to tap into the $100 million funding it raised from Ant Financial.
TPG’s Rise Fund backs Indian startup Frontier Markets’s $2.25m pre-Series A funding
The round was led by ENGIE Rassembleurs d’Energies, French electric utility firm ENGIE’s venture arm, and joined by The Singh Family Trusts.
Indian startup valuations could be hit for next three quarters, warns report
For the next three quarters, there might be down-rounds for various consumer internet startups as individuals continue to remain indoors.
India: OYO grants discounted ESOPs to make its staff shareholders
Oyo has sent off letters to staff stating it has decided to make every employee a shareholder.
India: Bulk MRO raises debt funding led by Stride Ventures
Bulk MRO’s existing backers are Y-combinator, Bain Capital, Ace & Company, Rebright Partners, and FJ Labs.
India: Tiger Global-backed NoBroker, myGate accuse each other of data theft
NoBroker said myGate accessed its internal customer base and tried to chase management community members of societies.
