Brainbees’ Sorrows, Zomato Innovates, and Groww Surpasses Zerodha

FirstCry’s parent company, Brainbees Solutions, hit a troubling all-time low as it faced a GST payment of INR 1.74 Cr amid regulatory scrutiny. Meanwhile, MapmyIndia saw an 8% dip in shares following weak Q2 results, while Zomato innovates by offering cancelled orders at discounted rates as part of its "food rescue" initiative.

In regulatory news, both Swiggy and Zomato denied reports of competition law violations, with no updates yet from the CCI probe. On a brighter note, Groww surpassed Zerodha with 12.59 million active users, and Swiggy made strategic leadership moves with two senior appointments to strengthen its team.

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

“Give Them A Deal They Can’t Refuse”: Zomato Users Can Buy Cancelled Orders At Discounted Rates

Zomato has introduced a “food rescue” feature, letting users buy cancelled orders at steep discounts. With about 4 lakh orders cancelled each month, Zomato aims to cut down on food wastage while offering customers a deal they can’t resist.

CEO Deepinder Goyal calls it an “unbeatable price” initiative, blending savings with sustainability.

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“Maamla Legal Hai”: CCI Probe As Swiggy, Zomato Say Haven't Received Any Further Update

Swiggy and Zomato have dismissed recent media reports suggesting they were found in violation of competition laws by the CCI.

Both food delivery giants clarified that the CCI’s probe is still ongoing, with no new updates from the antitrust body. The companies’ statements come amidst rising scrutiny but affirm that the investigation remains unresolved.

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“Bhaari Nuskaan Ho Gayil Ba”: FirstCry Shares Hit All-Time Low, Co Pays INR 1.74 Cr For GST

FirstCry’s parent company, Brainbees Solutions, saw its shares tumble over 5% to a record low of INR 534.20 on Monday, reflecting market reaction to recent tax challenges.

The dip followed Sunday’s announcement of a state tax inspection in Mumbai, leading to a GST payment of INR 1.74 Cr. As of midday, Brainbees shares continued trading at a 5.43% decline on the BSE, signaling investor caution amidst regulatory scrutiny.

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“Sergeant, We’re Badly Hit”: MapmyIndia Shares Slump 8% After Weak Q2 Results

MapmyIndia shares took an 8% hit, dropping to Rs 1,895 on the BSE after the company's Q2 results disappointed investors.

The mapping giant reported an 8.2% dip in consolidated net profit, down to Rs 30.3 crore from Rs 33 crore in the same quarter last year. This performance miss has raised concerns about MapmyIndia’s growth trajectory, as reflected in the market’s swift response.

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“Jo Jeeta Wo Sikandar, Jo Haara Wo Bandar”: Groww expands lead over Zerodha with 12.59 Mn active users in October

Groww has strengthened its lead over Zerodha, reaching 12.59 million active users in October—a milestone fueled by 3.5 lakh new traders in just a month.

This growth highlights the Bengaluru-based broker’s rising popularity among India’s retail investors. As competition heats up, Groww's expanding user base could reshape the online trading landscape.

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“Swag Se Karenge Sabka Swagat”: Swiggy expands leadership team with two senior appointments

Swiggy has bolstered its leadership team with two senior appointments to drive growth and innovation. Shalabh Shrivastava joins as Senior Vice President of Driver Org, bringing 25 years of experience across diverse sectors, while Hari Kumar G steps in as Senior Vice President and Chief Business Officer for Instamart.

These strategic hires reflect Swiggy's focus on strengthening operations and scaling its quick-commerce segment.

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1. Edtech startup Bhanzu has secured $16.5 million in a Series B round led by Epiq Capital. Founder Neelakantha Bhanu plans to use the funds to expand Bhanzu’s math learning platform into the US and other global markets.

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2. Identity verification startup Equal has raised $10 million in a Series A round, co-led by Prosus Ventures, Tomales Bay Capital, and founder Keshav Reddy. The funding boosts Equal’s valuation to $80 million as it scales its platform.
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