BYJU’s Sorrows, boAT's IPO, Zomato’s ‘District’ App

BYJU’S faces a challenging phase as the DGGI seeks to recover INR 250 Cr GST amidst its insolvency proceedings. Jupiter has made significant strides in unit economics, spending just INR 9.94 to earn every rupee in FY24. PB Fintech continues to invest in its workforce with a massive ESOP allotment, while Zomato rolls out its new 'District' app to enhance its "going-out" business.

Swiggy strengthens its leadership with ex-Lenskart exec Supriya Shankar taking charge of events, and Matrimony unveils a platform for wedding loans to fuel celebrations. boAt is gearing up for a major IPO with backing from ICICI Securities, Goldman Sachs, and Nomura, and Shiprocket is selected for a government pilot to streamline ecommerce exports.

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

“Where’s The Party Tonight”: Zomato Rolls Out ‘District’ App For Android, iPhone Users

Zomato is spicing up its menu with the launch of 'District,' now available for Android and iOS users.

Designed for the 'going-out' crowd, it’s Zomato’s bid to make this segment its third-largest B2C business. From dining to nightlife, your next hangout plan just got a digital upgrade.

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“Ek Loan Se Ghar Basaye”: Matrimony Launches New Platform To Offer Wedding Loans

Matrimony is taking “big fat Indian weddings” to the next level with WeddingLoan.com, offering loans from INR 1 Lakh to INR 1 Cr.

With EMI tenures up to 30 years and partnerships with Tata Capital, IDFC First Bank, and more, they’ve got the financial heavy-lifting covered. As the company celebrates a PAT of INR 13.2 Cr in Q2 FY25, it’s clear they’re ready to tie some profitable knots.

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“Waqt Rehte Sudhar Jaao”: BYJU’S Insolvency As DGGI Looking To Recover INR 250 Cr GST

BYJU'S financial saga just got a twist worthy of a tax thriller. The DGGI is reportedly gearing up to take the edtech giant's US subsidiaries to the NCLT over INR 250 Cr in unpaid GST.

With insolvency proceedings already in play, BYJU'S global classroom seems to have an unexpected new subject—tax recovery lessons.

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“Ek Lambi Saans Le Bidu”: Jupiter Spent INR 10 To Earn Every Rupee In FY24

Jupiter’s journey to better unit economics is like going from splurging on caviar to budgeting for dal-chawal.

Spending INR 9.94 to earn a rupee in FY24 is a big leap from INR 54 in FY23—progress worth a nod! With an RBI prepaid licence now in hand, they might just be on the path to financial nirvana.

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“Ek Kadam Safalta Ki Aur”: boAt Onboards Three Bankers For $300-500 Mn IPO

boAt has taken a significant step toward its anticipated $300-$500 Mn IPO by appointing ICICI Securities, Goldman Sachs, and Nomura as bankers.

As the D2C electronics leader gears up for its public listing next year, market dynamics remain cautious. This comes as BlackBuck’s IPO saw a modest subscription of 32%, reflecting a tempered investor sentiment.

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“Kaddu Katega Toh Sab Mein Batega”: PB Fintech Allots Around 27 Lakh Equity Shares Under ESOP Plan

PB Fintech has taken another step in rewarding its employees, allotting nearly 27 lakh equity shares under its 2021 ESOP plan.

This move brings the company’s total issued and paid-up share capital to INR 91.77 Cr, spread across over 45.88 Cr equity shares. Following a smaller allotment in September, the recent decision reflects a steady commitment to its workforce amidst an evolving market landscape.

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“Swag Se Karenge Sabka Swagat”: Swiggy Ropes In Ex-Lenskart Executive Supriya Shankar As VP Of Events

Swiggy’s events and experiences just got a seasoned curator with Supriya Shankar stepping in as VP.

With a decade of expertise and stints at ISB and Lenskart, she’s set to add some sparkle to Swiggy’s non-food ventures. From lenses to lavish events, her journey promises a fresh flavor to the Swiggy ecosystem.

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“Hum Saath Saath Hai”: Shiprocket Selected For Ecommerce Export Hub Pilot

Shiprocket is charting new waters as it joins the Centre’s pilot for ecommerce export hubs (EEHs), alongside Cargo Service Centre.

The first EEHs near Delhi airport, set to launch by February 2025, promise faster customs and security clearances with in-house quality agencies. If successful, this pilot could lay the groundwork for a nationwide rollout, boosting India’s ecommerce exports.

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1. Perfora, the D2C oral care startup popularized by Shark Tank, has secured INR 39.8 Cr in a funding round led by RPSG Capital Ventures. The fresh capital will help fuel the brand’s growth in the competitive oral care market.

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2. Zepto is ramping up its fundraising efforts, targeting $300 Mn in a new round as the quick commerce competition heats up. With over $1 Bn raised recently, the startup is eyeing top Indian family offices and ultra-HNIs to fuel its next phase of growth.

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3. Vecmocon Technologies has raised $10 Mn in its Series A round, led by Ecosystem Integrity Fund, to expand its EV intelligence offerings. The funding round also saw support from British International Investment and Blume Ventures, strengthening its position in the EV sector.

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