Blinkit’s ‘Bistro,’ PayU and AWS Back With Cohort, and BlueStone Files For IPO

Blinkit takes a bite out of the quick food delivery market with its new app ‘Bistro.’ Meanwhile, the Supreme Court is gearing up to hear a plea to transfer multiple Amazon and Flipkart cases into one, setting the stage for a major legal showdown. PayU and AWS are back with the second cohort of their fintech-focused accelerator, inFINity 2.0, to fuel growth for early-stage startups.

On the corporate front, IndiQube has transitioned to a public limited company as it edges closer to its IPO, while BlueStone files for an INR 1,000 Cr IPO. In leadership moves, super.money taps Kaushik Mukherjee as CTO, signaling its tech-driven growth plans.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Hum Kissise Kam Nahi”: Blinkit Launches New App 'Bistro’

Blinkit, owned by Zomato, has entered the quick food delivery race with its new app, Bistro. Promising meals, snacks, and beverages like tea and coffee in just 15 minutes, Bistro aims to redefine convenience dining.

This move pits Blinkit directly against rivals Zepto Cafe and Swiggy’s Cafe in the burgeoning segment.

Read more here

“Maamla Legal Hai”: SC To Hear CCI Plea Seeking Transfer Of Amazon, Flipkart Cases

The Supreme Court is set to hear the CCI’s plea to consolidate cases against Amazon and Flipkart, currently spread across six high courts.

The competition watchdog aims to streamline proceedings pending in Delhi, Punjab and Haryana, Karnataka, and Allahabad, among others. This move could accelerate resolution in the long-running antitrust battle against the ecommerce giants.

Read more here

PayU and AWS have unveiled the second edition of their fintech accelerator, inFINity 2.0, aimed at empowering early-stage Indian startups.

Focused on startups seeking to raise under $10 Mn between seed and Series A stages, the program promises expert guidance and growth opportunities. With this initiative, the duo is fostering innovation in India’s burgeoning fintech landscape.

Read more here

“Yahan Ke Hum SIkandar”: IPO-Bound IndiQube Turns Into A Public Ltd Company

IndiQube, a prominent player in the coworking space sector, has taken a significant step toward its IPO ambitions by converting into a public limited company. The name change to “IndiQube Spaces Limited” reflects this shift, marking a new phase in its corporate journey.

Earlier this year, reports indicated the startup’s plans to raise INR 1,000 Cr – INR 1,500 Cr ($120-$180 Mn) through its public offering, signaling its readiness to scale further.

Read more here

“Learnin’ To Fly”: BlueStone Files DRHP For INR 1,000 Cr IPO

Jewelry retailer BlueStone is gearing up for its stock market debut, filing a draft red herring prospectus (DRHP) with SEBI for an INR 1,000 Cr IPO.

The offering includes a fresh issue of shares and an offer-for-sale of up to 2.40 Cr equity shares, according to Reuters. This move marks a pivotal moment as the brand looks to sparkle on the public stage.

Read more here

“Aaiye Aapka Intezaar Tha”: super.money Appoints Kaushik Mukherjee As CTO

Fintech super app super.money has brought onboard Kaushik Mukherjee, a former Flipkart executive, as its new chief technology officer.

Tasked with driving innovation and scalability, Mukherjee will also focus on enhancing customer experience and maintaining the app’s competitive edge. With his expertise, super.money aims to solidify its standing in the crowded fintech space.

Read more here

1. Zetwerk has secured board approval to raise INR 565 Cr ($66.6 Mn) in a funding round led by Khosla Ventures. With IPO discussions underway, the manufacturing unicorn is gearing up for its next big leap.
   Read more here

2. Rebel Foods has raised $210 Mn from Temasek, sustaining its $1.4 Bn valuation while facilitating partial exits for early investors. The cloud kitchen giant plans to scale its brands and bolster its omnichannel strategy.
   Read more here

3. FirstClub, founded by ex-Cleartrip CEO Ayyappan R, has raised $8 Mn in seed funding co-led by Accel and RTP Global. The quick commerce startup plans to use the funds to expand its operations and market presence.
   Read more here