flutrr Makes Dating Easy, CoinSwitch's 'SmartInvest' Tool, CarTrades’ Shares Soar

CarTrade shares hit a 52-week high, buoyed by strong financials, while Zomato projects 30% annual growth in its food delivery business. SUGAR Cosmetics is expanding its digital reach with Unicommerce, and CoinSwitch's new 'SmartInvest' tool promises to guide crypto traders. Meanwhile, MapmyIndia-backed KOGO is launching a game-changing AI store for SMEs.

Honasa Consumer, however, faces challenges as its shares dip to an all-time low. In travel tech, Paytm's UPI payments are now available abroad, and flutrr is revolutionizing dating with an AI chatbot. Lastly, PhonePe's Indus Appstore is set to replace Xiaomi's GetApps.

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

“Abhi Toh Aur Badhega”: Zomato's Food Delivery Business Will Grow 30% Annually

Zomato's food delivery arm is gearing up for a 30% annual growth trajectory over the next five years, according to CEO Rakesh Ranjan. With a commanding 58% market share and a gross order value of INR 322.24 billion last fiscal year, the company is also eyeing an INR 8,500 crore QIP this December.

Morgan Stanley has backed the optimism, maintaining an 'overweight' rating and revising its price target to INR 355.

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“Waah, Kya Scene Hai”: CarTrade Shares Rally 13% Το Hit Fresh 52-Week High At INR 1,336

CarTrade's shares surged over 13%, hitting a 52-week high of INR 1,336.40 during intraday trading on the BSE. The rally follows the company's impressive 509% rise in consolidated net profit for Q2 FY25, reaching INR 30.72 crore.

Founded in 2009, the auto auction platform has steadily built a niche in facilitating the sale of new and used vehicles, cementing its foothold in India's evolving automotive marketplace.

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“Bhaari Nuksaan Ho Gayil Ba”: Honasa Shares Tank 18% To Hit An All-Time Low Of INR 242.60

Honasa Consumer's shares plunged nearly 18% today, reaching an all-time low of INR 242.60 on the BSE.

The Mamaearth parent’s market capitalisation fell to INR 8,615.96 crore, as the company continues to face pressure following its Q2 FY25 losses. This marks a steep downturn for the once-celebrated D2C brand in a challenging market landscape.

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“Tussi Kamal Kar Ditta”: Indians Travelling Abroad Can Now Make UPI Payments Using Paytm

Indian travelers can now enjoy hassle-free payments abroad with Paytm, which enables UPI transactions in destinations like the UAE, Singapore, France, and Nepal.

This move brings cashless convenience to popular tourist hubs, simplifying spending for globetrotters. As UPI’s global reach expands, Paytm is at the forefront of making international travel smoother for Indians.

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“Naye Daur Ki Nayi Kahani”: CoinSwitch Rolls Out 'SmartInvest' To Help Mitigate Crypto Trade

CoinSwitch has launched 'SmartInvest,' a platform offering curated investment strategies to navigate the volatile crypto market. Designed with expert insights, it lets users evaluate strategies based on historical returns, minimum investment thresholds, and popularity metrics.

The Bengaluru-based firm aims to simplify crypto trading while helping investors make informed decisions in this high-risk space.

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“Naya Yug, Naye Niyam”: PhonePe's Indus Appstore To Replace Xiaomi App Marketplace

Xiaomi is set to replace its GetApps marketplace with PhonePe’s Indus Appstore in India starting January 2025, according to reports.

The move signals a growing push for homegrown alternatives in the Indian app ecosystem. For PhonePe, it’s a major step in positioning Indus Appstore as a competitive platform in the country’s thriving mobile app market.

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“Janmo Ke Saathi”: SUGAR Fosters Ties With Unicommerce To Boost Upselling, Cross-Selling Networks

SUGAR Cosmetics is deepening its partnership with Unicommerce, adopting its omnichannel retail management system to enhance upselling efforts. The beauty startup has relied on Unicommerce's solutions for ecommerce operations over the past five years.

This expanded collaboration underscores SUGAR's commitment to streamlining operations and creating a seamless shopping experience for its customers.

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“Bade Miyan, Chhote Miyan”: MapmyIndia Backed KOGO Unveils Online AI Store For SMEs

KOGO AI, backed by MapmyIndia, has launched an online AI store to empower SMEs, developers, and integrators in building and managing custom AI agents. Founded in 2018, KOGO AI is driving innovation with its customizable AI operating system, KOGO OS, designed for cross-industry applications.

The startup envisions this platform becoming the world’s largest AI store by 2025, setting ambitious goals for global impact.

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“Mera Desh Badal Raha Hai”: Dating App flutrr Unveils AI Chatbot To Simplify Conversations

flutrr is stepping up the dating game with an AI chatbot designed to ease awkward silences and spark seamless conversations.

Alongside, the app's new intelligent pricing model offers users personalized deals on microtransactions based on their activity. This comes shortly after flutrr Tunes, an AI tool launched in September, which lets users create custom songs to serenade their matches.

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1. Proost Beer has secured INR 30 crore in funding from Chimes Group to strengthen its foothold in the competitive Indian beer market. The Delhi NCR-based brand aims to capture a 5% market share, rivaling names like Bira91 and White Owl Brewery.

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2. Ranveer Singh has acquired a 50% stake in SuperYou, a protein food and supplements brand co-founded by Nikunj Biyani. The deal, for an undisclosed amount, marks the actor's foray into the health and wellness sector.

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3. Baanhem Ventures has secured INR 3.3 crore in funding from Mudhal Partners, led by Kumar Vembu. The investment will support the firm’s mission to identify and mentor first-generation entrepreneurs in the state.

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