Nazara’s New Moves, Swiggy’s Shares Soar, BYJU’s Sorrows

Nazara Technologies teams up with Lysto to launch 'The Growth Protocol' in Web3, aiming to enhance transparency and rewards in gaming. On the market front, BlackBuck’s shares soar 19% to a record high, while Swiggy sees a 6% jump after narrowing its Q2 loss.

Honasa’s stock rallies 10% after co-founder Varun Alagh increases his stake, showing investor confidence. Meanwhile, BYJU’S faces potential sanctions in the US over asset-stripping allegations. In a forward-looking move, Minister Jitendra Singh advocates for stronger ties between Indian and Israeli startups in quantum computing and tech innovation.

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

“Janmo Ke Saathi”: Nazara, Lysto Join Hands To Expand Web3 Play

Nazara Technologies and blockchain startup Lysto are teaming up to reshape Web3 marketing. With their new initiative, ‘The Growth Protocol,’ the focus is on enhancing transparency, fairness, and user rewards in the gaming space.

Built on a Layer-1 blockchain, the protocol also includes a proof-of-concept loyalty dApp, signaling a step towards redefining game marketing strategies in the digital age.

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“Agar Tum Saath Ho Toh”: Indian, Israeli Startups Should Collaborate On Quantum Computing: MoS Jitendra Singh

Union Minister Jitendra Singh has called for a tech alliance between Indian and Israeli startups, emphasizing collaboration in quantum computing, spacetech, and biotech.

Highlighting the innovation potential of both nations, he urged partnerships to unlock new frontiers in emerging technologies. This push underscores India’s commitment to fostering global tech synergies.

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“Waah Waah Kya Baat Hai”: BlackBuck Shares Jump 19% To Hit An All-Time High At INR 381.85

BlackBuck's parent company, Zinka Logistics Solutions, saw its shares soar 19% to a record INR 381.85 on the BSE amid robust trading activity.

While the stock later trimmed some gains, it remained up by 12.89%, trading at INR 361.15 by late afternoon. The surge reflects strong investor confidence in the logistics giant's market performance.

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“Koi Hero Yahan, Koi Zero Yahan”: Swiggy Shares Jump 6% After The Foodtech Major Cuts Q2 Loss

Swiggy's shares spiked 6% to INR 534.85 on the BSE after the foodtech giant reported a narrower Q2 loss.

The company trimmed its consolidated net loss by 4.78% year-on-year to INR 625.53 Cr, signaling steady progress. Investors seem optimistic about Swiggy's path to financial recovery in FY25.

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“Badhai Ho Badhai”: Honasa Shares Rally 10% After Founder Varun Alagh Raises Stake

Honasa Consumer, the parent of Mamaearth, saw its shares surge 10% to Rs 287.85 on the BSE after a show of confidence from its CEO.

Co-founder Varun Alagh boosted his stake with a Rs 4.5 crore purchase, as revealed in exchange filings. The move appears to have struck a chord with investors, fueling market enthusiasm.

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“Maamla Legal Hai”: US Bankruptcy Court Mulls Sanctions On BYJU’S Content Manager, Business Ally

BYJU’S finds itself in deeper trouble as a US Bankruptcy Court considers imposing hefty sanctions on its content manager Vinay Ravindra and ally Rajendran Vellapalath.

The duo allegedly played a role in stripping assets from Epic! and Tangible Play, subsidiaries caught in bankruptcy proceedings. This follows earlier reports of Byju Raveendran’s controversial attempts to regain control of Epic!, raising fresh concerns over the edtech giant’s practices.

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1. D2C food brand WickedGud has secured INR 20 Cr in funding from Orios, Asiana Fund, and others to expand its distribution network. The Mumbai-based company aims to strengthen its omnichannel presence and grow beyond 2,000 retail outlets.

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2. IPO-bound Captain Fresh is eyeing $50-100 Mn in fresh funding through a mix of primary and secondary components. With Axis Capital and Bank of America onboard, the seafood startup is gearing up for its IPO next year.

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3. Unacademy, once valued at $3.4 billion, is in acquisition talks with Allen Career Institute for $800 million. The deal’s outcome depends on approval from Allen’s promoters and could see Unacademy's co-founders exiting post-acquisition.

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