Paytm’s Phoenix Moment, Zomato’s Shares Soar, Amazon India’s ‘Tez’

Paytm is on the rise, touching a fresh 52-week high with its stock up by 4.33%, while unveiling a new UPI Lite Auto Top-Up feature for quick daily payments under INR 500. Zomato, on the other hand, saw its shares jump 7.6% following its inclusion in the BSE Sensex, with analysts predicting strong growth ahead.

Meanwhile, Amazon India is gearing up for the launch of its 'Tez' quick commerce service, aiming to deliver groceries in 20-30 minutes. Lendingkart posted strong revenue growth but saw a dip in profits, following its acquisition by Temasek’s Fullerton.

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“Abhi Hum Zinda Hai”: Paytm Sees Revival, Touches Fresh 52-Week High

Paytm's stock showed signs of revival on Monday, rising by 4.33% to touch a 52-week high of INR 939 in early trading.

This marks a 5.66% year-to-date growth, reflecting cautious optimism around the company's performance. While the numbers hint at recovery, the road ahead remains one of steady consolidation.

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“Aloo Le Lo, Kandha Le Lo”: Amazon India Mulls Launch Of Its Quick Commerce Service ‘Tez’ Soon

Amazon India is reportedly preparing to launch its quick commerce service, ‘Tez,’ by late December or early next year, starting with groceries and essentials.

The service aims to deliver orders in just 20–30 minutes, leveraging an enhanced Amazon Fresh supply chain. With this, Amazon dives into the ultra-fast delivery race, challenging established players in India’s bustling quick commerce market.

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“Abhi Toh Party Shuru Hui Hai”: Zomato Shares Jump 7.6% Intraday On BSE Sensex Inclusion

Zomato shares surged 7.6% intraday following news of its inclusion in the BSE Sensex, set to replace JSW Steel from December 23.

Shareholders also greenlit a massive INR 8,500 Cr funding plan, boosting market confidence. With Morgan Stanley predicting a potential doubling of its stock value in five years, Zomato’s plate looks full of promise.

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“Raste Ka Maal, Saste Mein”: Paytm Unveils UPI Lite Auto Top-Up For Daily Payments Under INR 500

Paytm has rolled out UPI Lite Auto Top-Up, streamlining daily payments under INR 500 by auto-recharging balances below a set threshold.

The feature allows seamless transactions without a PIN, capped at INR 2,000 daily. With this move, Paytm aims to make small-value payments quicker and hassle-free for users.

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“Sher Ki Dahadh”: Lendingkart posts Rs 1,090 Cr revenue in FY24, profit slips

Lendingkart reported a robust 36% revenue growth in FY24, reaching Rs 1,090 crore, up from Rs 798 crore in FY23. However, its profit after tax slipped 6%, highlighting operational challenges.

Following a distress sale, Temasek’s Fullerton now owns the fintech, signaling a new chapter for the company amid its mixed performance.

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1. OneCard is set to raise INR 239.4 Cr in its latest funding round, with Peak XV, Better Tomorrow Ventures, and Z47 participating. The board approved the Series D2 shares at a premium of INR 33,198.35, marking another step in its growth journey.

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2. Smart kitchen brand Beyond Appliances has secured funding to enhance its tech and manufacturing capabilities. The round saw backing from Dharana Capital and prominent angels, including founders of Design Cafe and Livspace.

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3. Elchemy has raised $5.6 Mn in a Series A round led by Prime Venture Partners, with InfoEdge Ventures also participating. The specialty chemicals startup aims to use the funds to expand its global footprint.

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4. Coworking startup Innov8 is in talks to raise INR 100 Cr ($11.9 Mn) to fuel its expansion plans. The company looks to raise the new round of funding at a valuation of INR 1,200 Cr ($142.2 Mn). Weeks ago, the startup forayed into the managed office space with the launch of a new vertical for the segment

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