BYJU’S Insolvency, The Good Glamm Group’s Sorrows, and Zomato Reignites ‘Quick’

BYJU’S insolvency mess deepens as the NCLT removes its resolution professional, while investor confidence in The Good Glamm Group takes a hit with major backers like Accel, Bessemer, and Prosus stepping down. Meanwhile, Honda is betting big on India’s EV future with a dedicated electric motorcycle plant set for 2028. And in the food wars, Zomato is reigniting the 10-minute delivery race with ‘Quick.’

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

“Ab Aayega Maza”: Zomato to launch 10-minute food delivery pilots in NCR under Quick next week

Zomato is reviving the ultra-fast food game with ‘Quick,’ its 10-minute delivery pilot set to roll out in NCR next week.

Partnering with top-rated restaurants, the company aims to balance speed with quality and hygiene. With past attempts at rapid delivery proving challenging, all eyes are on whether Zomato can make it work this time.

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“Ab Hoga Bharat Nirman”: Honda To Build Electric Motorcycle Plant In India By 2028

Honda is gearing up for India’s electric future, announcing plans to set up a dedicated electric motorcycle plant in Bengaluru by 2028.

Built within its existing facility, the move signals Honda’s long-term bet on India’s growing EV market. As competition in the two-wheeler EV space intensifies, Honda’s entry could shake things up.

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“Itna Andhera Kyun Hai”: BYJU’S Insolvency As NCLT Orders Removal Of Resolution Professional

BYJU’S insolvency proceedings have hit another legal roadblock, with the NCLT ordering the removal of Resolution Professional Arvindh Srivatsan, citing misconduct.

The Tribunal also dissolved the committee of creditors (CoC), overturning Srivatsan’s earlier move to exclude Glas Trust and Aditya Birla Finance. As regulatory scrutiny deepens, the future of BYJU’S restructuring remains increasingly uncertain.

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“Now Is Not A Good Day To Die Hard”: Accel, Bessemer & Prosus Exit The Good Glamm Group’s Board

Investor confidence in The Good Glamm Group seems to be waning, with key board members from Accel, Bessemer, and Prosus stepping down.

Their exit comes at a turbulent time, as the company faces funding shortfalls, delayed salaries, and a worsening cash crunch. With backers pulling back, The Good Glamm Group’s survival strategy now looks more uncertain than ever.

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1. D2C startup P-TAL is in advanced talks to raise ₹30 Cr in a pre-Series A round, with backing from Titan Capital, Anicut Capital, and a new investor. As funding flows in, the startup looks to scale its handcrafted metalware business.

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2. Edtech startup Leap has raised $65 Mn in its Series E round, led by Apis Partners, to expand its product stack. With this funding, the overseas education platform aims to strengthen its global footprint.
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3. SaaS firm Atomicwork has secured $25M in Series A funding, led by Khosla Ventures and Z47, to scale its enterprise AI solutions. The fresh capital will drive product development and go-to-market expansion.
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