MakeMyTrip To Acquire Happay, Ola Gears Up For IPO, Navi Edges Out CRED

MakeMyTrip takes a strategic leap by acquiring CRED’s expense management platform, Happay, as it aims to dominate corporate travel. The Good Glamm Group expands its empire, completing the acquisition of The Moms Co., while Ola Consumer gears up for its IPO after transitioning to a public company.

Navi edges out CRED to become the fourth-largest UPI player, and despite legal challenges, FirstCry’s shares climb as it reports improved financials. Go Digit faces a 6% dip intraday, while BlackBuck's IPO sees a modest 53% subscription on its final day. Meanwhile, Zomato shines with a 1.74% jump after Morgan Stanley’s bullish forecast.

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

“Yahan Ke Hum Sikandar”: Navi Overtakes CRED To Become Fourth Largest UPI Player

Sachin Bansal’s Navi has overtaken CRED to claim the spot as India’s fourth-largest UPI player in October.

With transaction values soaring to ₹8,841.90 Cr and a sharp rise in user-initiated transactions to 157.51 Mn, Navi is gaining significant ground in the fintech race. The milestone marks another step forward for the ambitious unicorn in the competitive UPI ecosystem.

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“Jug Jug Jeeyo”: FirstCry Shares Rally Despite Fresh Legal Troubles

FirstCry shares are on the rise, shrugging off recent legal troubles as the company reports improved financial health in Q2 FY25.

Losses have nearly halved to ₹62.85 Cr, a significant improvement from ₹119.41 Cr in the same period last year. The positive trajectory suggests investor confidence remains intact despite ongoing challenges.

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“Bahut Gham Hai Iss Duniya Mein”: Go Digit Shares Fall Nearly 6% Intraday

Go Digit General Insurance saw its shares drop 5.7% intraday on November 18, slipping to ₹313 apiece on the BSE.

By early afternoon, the stock remained down 5.6% at ₹313.45, marking a sharp decline from its previous close of ₹332. The dip reflects cautious investor sentiment in an otherwise competitive insurance market.

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“Thoda Thoda Interest Aata”: BlackBuck IPO As Issue Subscribed 53% On Final Day So Far

BlackBuck’s IPO saw lukewarm interest on its final day, with a 53% subscription as of early afternoon on November 18.

Investors had bid for 1.20 Cr shares, falling short of the 2.24 Cr shares available. The logistics unicorn’s public debut highlights a cautious market mood amid ongoing economic uncertainties.

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“Abhi Mujh Mein Hai Kahin”: Zomato Shares Jump 1.74% After Morgan Stanley Projects Stock ‘Potential Doubler’

Zomato shares rose 1.74% to ₹274.30 on November 18, boosted by Morgan Stanley’s optimistic projection of the stock potentially doubling within five years.

In a bullish scenario, the firm suggested this milestone could be reached in under three years. The forecast has sparked fresh investor enthusiasm for the food-tech giant.

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“Bang Bang Zamana Bole”: Ola Consumer Sets The IPO Ball Rolling, Turns Into A Public Company

Ola Consumer has officially set the stage for its IPO by dropping “private” from its name, now rebranded as ANI Technologies Ltd.

The move comes after its earlier transition from Ola Cabs to Ola Consumer, signaling broader ambitions beyond ride-hailing. With shareholder approval secured, the company edges closer to a much-anticipated public debut.

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“Janmo Ke Saathi”: MakeMyTrip To Acquire CRED’s Expense Management Platform Happay

MakeMyTrip is set to acquire Happay, the expense management platform owned by fintech unicorn CRED, through a business transfer agreement.

The move aligns with MakeMyTrip’s vision of consolidating its position in corporate travel and expense management. Founded in 2012, Happay had joined CRED’s portfolio in December 2021, marking a short but eventful chapter under the fintech giant.

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“Hum Saath Saath Hai”: The Good Glamm Group Completes Acquisition Of The Moms Co

The Good Glamm Group has finalized its 100% acquisition of The Moms Co, solidifying its hold in the babycare segment.

This follows its initial majority stake purchase in 2021 and recent strategic moves, including acquiring Sirona and boosting stakes in Organic Harvest and Winkl. The content-to-commerce unicorn continues its spree of calculated expansions across diverse niches.

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1. Geospatial startup Matrix Geo has secured pre-IPO funding, with IntelliFin Private Limited as the sole investment banker. Known for its drone-based solutions, the company serves diverse sectors like railways, agriculture, and irrigation.

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2. HealthKart has raised $153 million (INR 1,291 Cr) in a funding round co-led by ChrysCapital and Motilal Oswal Alternates. The round also saw participation from Neo Group and existing investor A91 Partners.

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3. OYO founder Ritesh Agarwal is set to raise his stake in the company with a ₹550 Cr (around $65 Mn) infusion. This move will increase his shareholding from 30% to 32%, according to sources.

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