Rapido’s Expansion Plans, Indian Entrepreneurs Welcome Musk, and InMobi Eyes IPO

Rapido is gearing up for a major expansion, aiming to reach 500 cities. Meanwhile, Elon Musk sat down with OYO’s Ritesh Agarwal and other top Indian entrepreneurs to explore collaborations in tech and space. Zaggle continues to strengthen its footprint, securing deals with Neuroglia Health and HT Media for its employee benefit platforms. InMobi is eyeing an IPO of over $1 billion, with plans to file by April. Zomato has made waves by infusing ₹500 crore into Blinkit and offering an apology for its controversial veg-mode fee. And, in a crucial move for security, WazirX has frozen $3 million in stolen assets linked to last year's cyberattack.

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“Swagat Hai Aapka Bharat Mein”: Elon Musk Meets OYO’s Ritesh Agarwal, Other Indian Business Executives

Elon Musk recently met OYO’s Ritesh Agarwal and other Indian business leaders to explore collaborations in technology, AI, and space, underscoring India’s rising global innovation stature.

Musk described India as an ancient yet complex civilization with immense potential. The meeting comes nearly a year after Musk’s previously planned visit to India was postponed.

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“Mera Maal Chori Ho Gaya Re”: WazirX Freezes Stolen Assets Worth $3 Mn

WazirX has frozen $3 million worth of stolen assets from last year’s cyberattack, marking a significant step in its recovery efforts.

The cryptocurrency exchange is leveraging forensic tools and legal measures to reclaim the stolen funds. This move underscores WazirX's commitment to bolstering security and safeguarding user trust in the crypto ecosystem.

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“Din Dugni, Raat Chauguni”: Rapido To Expand Footprint To 500 Cities

Rapido is gearing up for a major expansion, aiming to extend its services to 500 cities starting February. The initial rollout will focus on states like Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan, marking a methodical phase-wise approach.

This move follows Rapido's entry into the unicorn club, bolstered by a $200 million Series E funding round, signaling its growing ambitions in India's mobility sector.

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“Hum Saath Saath Hai”: Zaggle Inks Pacts To Offer Services To Neuroglia Health, HT Media

Zaggle has partnered with Neuroglia Health and HT Media to provide tailored solutions for employee rewards and expense management.

While HT Media will leverage Zaggle Save for expense and benefits management, Neuroglia Health will adopt the Zaggle Propel reward platform. This follows Zaggle's recent deal with Zepto’s parent, KiranaKart, showcasing its growing footprint in diverse industries.

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“Hum Honge Kamiyab”: InMobi To File Draft Papers For $1 Bn+ IPO By April

InMobi is gearing up to file draft papers for its highly anticipated $1 billion+ IPO by April, targeting a valuation between $8 billion and $10 billion.

The listing, expected by October, will feature a mix of fresh shares and an Offer for Sale component, with the final size yet to be determined. This marks a pivotal moment for InMobi as it eyes a strong debut on the bourses.

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“Meri Nadaani Maaf Karna”: Zomato Infuses INR 500 Cr Into Blinkit and ‘Stupid On Our Part’: Zomato CEO Apologises For Charging Veg Mode Fee

Zomato has infused an additional ₹500 crore into Blinkit, taking its total investment in the quick commerce business to ₹2,800 crore since 2022.

Meanwhile, CEO Deepinder Goyal issued an apology for the controversial ₹2 veg-mode fee, calling it “stupid on our part” and assuring its removal. This dual move highlights Zomato’s efforts to bolster its ventures while addressing customer concerns head-on.

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1. SaaS startup TreZix has raised $2 million in a seed round co-led by Morphosis Venture Capital and Pentathlon Ventures. The funds will help TreZix expand its import-export solutions in India and the US.

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2. WeVOIS, a Mumbai-based waste management startup, has raised ₹36 crore in a Series A round led by Negen Capital and Vyom Wealth. The funds will fuel its efforts to scale sustainable waste management solutions.

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3. Bolt.Earth has raised $5 million in a Series A+ funding round led by Version One Ventures, with support from existing backers. The funds will drive business expansion and the development of fast-charging solutions for two, three, and four-wheelers.
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