BharatPe Vs. PhonePe, Ecom Express To Fly High, BluSmart’s App For EV Charging

Fintech giants BharatPe and PhonePe resolve their 'Pe' feud, while Ecom Express takes to the skies with drone deliveries. Mamaearth's parent company expands its skincare portfolio, and Prosus explores synergies between Swiggy and Germany's Delivery. Meanwhile, BluSmart introduces an app for seamless EV charging, marking innovative strides in sustainable mobility.

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What Matters

“Asli Teja Mai Hoon”: BharatPe Vs PhonePe: Fintech Majors Bury The Hatchet Over ‘Pe’ Suffix

BharatPe and PhonePe have finally buried the hatchet over their long-standing 'Pe' suffix dispute! After five years of legal battles, they’ve agreed to withdraw all trademark oppositions, clearing the way for their respective registrations.

This truce will see both fintech giants dropping their cases in the Delhi and Bombay High Courts, marking a new chapter in their coexistence.

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“Panchhi Banu, Udta Firu”: Ecom Express To Pilot Drone Deliveries In Delhi NCR

Ecom Express is taking to the skies with drone deliveries in Delhi NCR, teaming up with Skye Air for an exciting pilot project. Starting with 500 shipments per day and aiming to soar to 2,000, they plan to expand this high-flying service to Bengaluru and parts of Chandigarh soon.

Get ready for a futuristic delivery experience right at your doorstep.

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“Strategic Moves Ki Kahani”: Mamaearth Parent Honasa Buys Assets Of CosmoGenesis Labs

Mamaearth's parent company, Honasa, has acquired the assets of CosmoGenesis Labs, a cosmetic product developer founded by Rohini Manoj in 2011. This strategic move, approved by Honasa’s board for INR 4 Cr, aims to leverage CosmoGenesis’ expertise to expand into new skincare sub-categories.

Get ready for an even broader range of innovative skincare solutions from Mamaearth.

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“Waqt par Sabak Seekhna”: Prosus' New Chief On Synergies Between Swiggy, Germany's Delivery

Prosus' new CEO, Fabricio Bloisi, is eyeing exciting synergies between Swiggy and Germany's Delivery, exploring collaboration opportunities between the two food delivery powerhouses. He sees Swiggy's Instamart and quick commerce success in India as a valuable lesson for Prosus' global portfolio.

Bloisi plans to spend the coming weeks in India, diving deeper into Prosus' investments, including Meesho and PayU.

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“BluSmart Ka Jalwa”: BluSmart Launches New App To Help Users Locate Nearby EV Charging

BluSmart has launched its new app, BluSmart Charge, now available on Android and iOS, making it easier for users to locate nearby EV charging stations. Catering to both fleet operators and individual EV users, this app aims to enhance mobility convenience across Delhi NCR and Bengaluru.

Founded by Anmol Jaggi and Punit K Goyal in 2019, BluSmart continues to innovate in EV ride-hailing and charging infrastructure across India’s major cities.

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1. CoverSure, a consumer-focused insurtech firm, has raised $4 million in a pre-series A round led by Enam Holdings. The funds will be used to develop a data-driven, machine learning-powered platform to enhance insurance customization for users.

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2. Google-backed edtech startup Adda247 saw its revenue soar by 88% to INR 243.39 crore in FY24, up from INR 129.65 crore in FY23. The company also significantly reduced its net loss by 66%, bringing it down to INR 101 crore from INR 296 crore in FY23.

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3. High Street Essentials has secured INR 50 crore to expand its 'Weddings By Indya' premium occasion-wear line. The funding, led by Sangita Jindal and other notable investors, aims to bolster the brand's presence in the wedding wear market.

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4. Mokobara backer Sauce.vc has launched its third VC fund with INR 250 crore, aiming to invest in 15-16 early-stage consumer brands. Since its first fund in 2019, the firm has supported 30 companies, including notable brands like XYXX Innerwear and Innovist.

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5. Fintech startup CirclePe has raised nearly $1 million in its pre-seed round led by OTP Ventures. The round saw participation from 1947 Rise, iSeed, IIT Delhi, Venture Catalyst, and industry leaders from OfBusiness, BharatPe, Uni Cards, and OYO.

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