As Zomato Shares Crash, Here’s How Rakesh Jhunjhunwala Had Predicted Their Fall In 2021
Zomato’s shares have crashed nearly 25% in the last two days, the stock has destroyed over Rs. 70,000 crore of investor wealth, and…
Category: Startups
Zomato Shares Crash 12%, Company’s Market Cap Falls Below Last Private Valuation
Anniversaries are usually a time for celebration, but the first anniversary of Zomato’s listing on the stock markets has brought little cheer for…
Burger Singh Raises Rs. 30 Crore, To Open 120 Outlets In Six Months
While India’s tech startups might be struggling amidst a funding winter through lowered valuations and layoffs, their non-tech counterparts seem to be doing…
Paytm Looks To Exit As BCCI Sponsor, Byju’s Owes The BCCI Rs. 86 Crore: Reports
Indian startups had been one of the most enthusiastic sponsors of cricket tournaments over the years, but as the funding winter has set…
Aditya Birla Group Enters B2B E-Commerce Space For Building Materials, Will Invest Rs. 2,000 Crore
It’s not just hotshot startups that are building e-commerce solutions for buying and selling construction materials — one of India’s oldest business houses…
Blinkit To Shut Down Many Backend Warehouses To Merge With Zomato’s Hyperpure: Report
Zomato’s acquisition of Blinkit was thought to unlock synergies between the two companies’ delivery fleets, but it appears that the companies will also…
Blockchain Startup 5ire Becomes India’s 105th Unicorn, Now Valued At $1.5 Billion
The crypto industry is in shambles — bitcoin is down 70% from its peak, several major exchanges are shutting down and getting liquidated,…
OneCard Becomes India’s Latest Startup Unicorn, Now Valued At $1.4 Billion
The world might be staring at the prospect of a recession, and startups might be laying off employees in record numbers, but India…
Ola Electric Says It Has Built India’s First Indigenously Developed Lithium-ion Cell
Ola’s electric scooters might be beset with controversies around thermal incidents and performance issues, but the company is doubling down on its electric…