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- BYJU'S Stake Sale Stalled, Ather Revs Up with New E-scooter & Smart Helmet, Amazon Bets on Unbranded Bazaar
BYJU'S Stake Sale Stalled, Ather Revs Up with New E-scooter & Smart Helmet, Amazon Bets on Unbranded Bazaar
Brace your hot cup of chai as an arbitrator's intervention halts BYJU'S from selling a substantial stake in Aakash, while Ather electrifies the market with the unveiling of their latest escooter, Rizta, and ventures into the smart helmet segment. Meanwhile, the government's nod opens doors for major players like Hero MotoCorp, Bajaj Auto, and Ola Electric Mobility to boost EV sales under EMPS. Not to be outdone, Zomato equips its riders to provide medical aid in roadside emergencies, showcasing a commitment beyond food deliver. Keep on reading to get the full scoop.
Also, unwind with our meme mug! Startup news served with a smile.
What Matters
“Down to who you crucify”: Arbitrator asks BYJU'S not to sell 6% stake in Aakash
In a plot twist worthy of a courtroom drama, an arbitrator has put the brakes on BYJU'S plans to offload a hefty 6% stake in Aakash Education. This comes hot on the heels of Ranjan Pai's MEMG Family Office slamming BYJU'S with arbitration proceedings, claiming breach of a $42 Mn loan agreement.
Looks like BYJU'S is caught in a tight spot, with the arbitrator ruling they can't dispose of the 4 million Aakash shares just yet. BYJU'S defense? They're pointing fingers at delayed approvals from investors, leaving everyone on the edge of their seats awaiting the next move in this high-stakes showdown.
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“Ye Baburao ka style hai”: Ather Unveils Family Escooter Rizta, Forays Into Smart Helmet Segment
Ather just revealed their latest gem, the family escooter, Rizta. Starting at INR 1.09 Lakh, it's coming in two models with three variants. Ather's not stopping there, they're diving into the smart helmet scene with AtherStack 6.0, packed with cool features like live location sharing and auto reply to calls.
Besdies, Ather's CEO Tarun Mehta is pushing for extended EV subsidies to supercharge electric vehicle adoption.
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“Say You Want a Revolution?”: Govt allows Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, Ola Electric Mobility to sell EVs under EMPS
Get ready for an electric revolution as Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, and Ola Electric Mobility get the green light to sell EVs under EMPS. And here's the real deal, prospective subsidies are up for grabs for sales over the next four months.
With the Ministry of Heavy Industries backing the Electric Mobility Promotion Scheme, it's a win-win for both consumers and EV companies, ensuring a smoother ride towards a greener future
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“Kaddu Katega, Sab Mein Batega”: SIDBI partners fintech platform KarmaLife for micro loans to gig workers
SIDBI teams up with fintech platform KarmaLife to dish out micro loans to gig workers. Operating in a cool B2B2C setup, KarmaLife's on a mission to boost financial inclusion, hooking up with big names like Flipkart and Uber to offer pre-payday pay-outs.
With 2.7 Lakh gig and blue-collared workers already in the loop, looks like KarmaLife's shaking up the game.
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“Munna Bhai MBBS”: Zomato Riders Equipped To Give Medical Aid In Roadside Emergencies
In what can be considered as a truly groundbreaking move, Zomato's got your back in roadside emergencies with over 20,000 delivery partners geared up to provide medical aid across 31 cities. CEO Deepinder Goyal spilled the beans, revealing that a whopping one lakh delivery partners are eager to undergo first-responder training, all out of sheer goodwill.
Read more here
“Saste ka maal raste mein”: Amazon's "Bazaar" targets Meesho, Reliance with unbranded fashion & homeware
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Fundraising and Financials
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