Ola’s Sorrows, Flipkart Set To Expand, Aakash Faces Legal Hurdles

Ola Electric’s market share took a hit, dipping to 24% as electric two-wheeler registrations fell in November. Meanwhile, MapmyIndia’s CEO, Rohan Verma, plans to step down after over a decade to explore a new B2C venture. Flipkart is set to expand its quick commerce service, Flipkart Minutes, to more cities, riding the wave of India’s rapidly growing e-commerce market.

In other news, Peak XV Partners bids farewell to Anandamoy Roychowdhary after over 11 years, while legal hurdles hit Byju’s subsidiary, Aakash, as the Supreme Court blocks changes to its Articles of Association.

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

“Ye Kya Ho Raha Hai Bhaiya”: Ola’s Market Share Dips To 24% As Electric 2W Registrations Slip In November

Ola Electric’s smooth ride hit a speed bump in November, with market share skidding to 24% as registrations plunged 33% MoM to 27,746 units.

Meanwhile, TVS Motor revved up, closing the gap with 26,036 registrations, nearly matching Ola’s numbers. The overall market wasn’t any greener either, with electric 2W registrations dropping 18% to 1.14 lakh units.

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“Apna Apna Dekh Lo”: MapmyIndia CEO Rohan Verma To Step Down To Float New B2C Venture

Rohan Verma, CEO of MapmyIndia, will step down from his executive role by March 31, 2025, marking a significant transition for the company.

Verma will continue to contribute as a Non-Executive Director while setting his sights on a new venture in the B2C space. This move signals a new chapter for both Verma and the company he helped lead to prominence.

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“Aakhri Salam Lete Jaana”: Peak XV Partners’ Anandamoy Roychowdhary Quits

After over a decade with Peak XV Partners, Anandamoy Roychowdhary has bid farewell to the investment firm, marking the end of an 11-year journey.

While his next move remains under wraps, his departure has been in the pipeline since May. This follows another high-profile exit in April, when managing director Piyush Gupta stepped down after seven years.

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“Naye Yug Ki Nayi Niti”: Flipkart To Expand Quick Commerce Offering To More Cities

Flipkart is gearing up to bring its quick commerce service, Flipkart Minutes, to more cities, after testing the waters in Bengaluru, Mumbai, and Delhi.

According to chief corporate affairs officer Rajneesh Kumar, the service’s expansion aligns with India’s booming e-commerce trajectory, projected to capture 12% of the total retail market by 2028.

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“Ye Dukh Khatam Kahe Nahi Hota”: SC Orders Aakash To Not Amend Articles Of Association

The Supreme Court has halted Aakash Institute, a Byju’s subsidiary, from amending its Articles of Association, a move that could impact investor rights.

The contentious resolution, passed at an EGM, is now under legal scrutiny. This development adds to the ongoing turbulence in Byju’s corporate saga.

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1. MasterChow has secured $6.5 Mn in its Series A round led by Tanglin Venture and Surge, with participation from Anicut Capital and WEH Ventures. The funds will support the D2C Asian cuisine brand's product expansion and offline growth strategy.

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2. IndiaMART will invest INR 14.3 Cr to acquire additional equity and preference shares in Mobisy, furthering its SaaS-focused strategy. This follows a recent increase in its stake to 27.21% through debenture conversions.

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3. Sequoia Capital is reportedly in advanced talks to back Bengaluru-based fintech Vance, marking its potential return to Indian investments. This would be its first deal in India since restructuring its regional operations.

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