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- BlackBuck Soars, IPO Bonanza, MapmyIndia’s Sorrows
BlackBuck Soars, IPO Bonanza, MapmyIndia’s Sorrows
Plus, Swiggy jumps, PayU revenue jumps, Zaggle hits all time high, Razorpay's boost to digital security, and fundraising updates for Mintifi, Krutrim, and Aramya

Razorpay teams up with the Ministry of Home Affairs and I4C to enhance digital payments security, while BlackBuck’s shares soar with a 20% jump to INR 325.10. Swiggy’s 10-minute delivery expansion drives its stock up by 5%, and PayU, Meesho, and BlueStone are gearing up for IPOs in the next 18 months.
Meanwhile, MapmyIndia faces a 4% drop after announcing a demerger of its B2C business, but PayU India’s revenue climbs 12% in H1 FY25. Finally, Zaggle hits a fresh all-time high at INR 522.
Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Take Me Higher, Set Me On Fire”: PayU, Meesho, BlueStone Eye IPO In 18 Months As Per Prosus
Dutch tech investor Prosus is gearing up for a busy IPO spree, spotlighting its Indian portfolio stars like Meesho, BlueStone, and PayU.
With plans to take these companies public in the next 18 months, the move signals confidence in India’s burgeoning digital economy. Investors are watching closely as household names prepare to step onto the global stage.
Read more here


“Kathoti Mein Ganga”: MapmyIndia Shares Tumble 4% After Board Approves Demerger Of B2C Business
MapmyIndia shares slid over 4% to INR 1,681.30 on the BSE after the board greenlit demerging its B2C business into a standalone entity.
The move aims to sharpen focus on its core B2B and B2B2C segments, but investors seem wary of the shift. As the company reorients its strategy, the market reaction underscores the delicate balance of change and confidence.
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Logistics giant BlackBuck made waves as its parent company, Zinka Logistics Solutions, saw shares hit a 20% upper circuit at INR 325.10 on the BSE.
With trading volumes soaring, shares worth a hefty INR 187.23 Cr exchanged hands across the BSE and NSE. The surge reflects investor enthusiasm, spotlighting BlackBuck’s growing clout in the logistics sector.
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Swiggy shares climbed 5% as its 10-minute delivery service, Bolt, expanded across major metros like Delhi NCR, Mumbai, and Bengaluru.
Focused on crowd favorites like coffee, ice cream, and biryani, Bolt is reshaping the fast-food game with lightning-speed convenience. With partnerships spanning 2,700+ restaurants, including global icons like KFC and Starbucks, Swiggy is setting the pace in quick-service innovation.
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“Paisa Hi Paisa Hoga”: PayU India’s Revenue Surges 12% In H1 FY25
PayU India’s revenue climbed 12% to $237 Mn in H1 FY25, showcasing steady growth in the bustling fintech space.
With over 4,000 new merchants onboarded and a 25% surge in total payment value, the numbers underline its expanding footprint. Backed by Prosus, PayU is riding the wave of India’s digital payments boom.
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“Spread Your Wings And Fly Away”: Zaggle Shares Hit A Fresh All-Time High At INR 522
Zaggle Prepaid Ocean Services hit a fresh milestone, with shares climbing over 3% to an all-time high of INR 522 on the BSE.
The 3.43% intraday surge reflects growing investor optimism around the company’s performance. As it sets new records, Zaggle continues to capture attention in the fintech space.
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“Savdhaan Rahe, Satark Rahe”: Razorpay Partners MHA, I4C To Boost India’s Digital Payments Security
In a bid to bolster digital payment security, Razorpay has joined hands with the Ministry of Home Affairs and the Indian Cyber Crime Coordination Centre.
With over 7,000 cybercrime complaints flooding the National Cybercrime Reporting Portal daily, the collaboration aims to address a mounting challenge. By integrating with 1,600+ cybercrime stations across 25 states, Razorpay steps into the fray, underscoring the urgent need to safeguard India’s digital economy.
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Prosus invested $79.9 Mn in fintech startup Mintifi in October, acquiring a 10.65% equity stake. The move, detailed in its H1 FY25 report, highlights Prosus’ growing focus on India’s fintech ecosystem.
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Bhavish Aggarwal has pledged 1.10% of his Ola Electric stake to secure debt for Krutrim, India’s first AI unicorn. The move ties the EV leader to the AI startup's ambitious growth journey.
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Z47 (Matrix) and Accel are set to invest in Aramya’s ongoing funding round, securing a combined 14.78% stake in the D2C brand. As the round progresses, Aramya’s valuation and cap table are expected to evolve with additional investments.
Read more here
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