Swiggy’s ‘One BLCK’, TAC Infosec’s Shares Soar, Zepto’s Plans

Swiggy rolls out its exclusive membership plan One BLCK, while TAC Infosec hits a record high on the stock market. ixigo sees a 10% surge, pushing its market cap to $717 million, and MobiKwik's IPO is off to a strong start, oversubscribed by 5.23X on Day 1.

Meanwhile, Swiggy's shares dip post-anchor lock-in, and Innov8 reports impressive growth, with profits soaring to ₹62 Cr. TBO Tek expands internationally with a new subsidiary in Greece, while Zepto plans to spin off its cafe business. CarTrade's stock hits a fresh 52-week high, rounding out a week of dynamic developments across the startup landscape.

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

“Ek Scheme Hai Munafe Ka”: Swiggy Launches New Membership Plan ‘One BLCK’

Swiggy has quietly introduced its exclusive membership plan, One BLCK, designed as an invite-only offering for its premium users.

At ₹299 for three months, the plan promises guaranteed on-time deliveries and complimentary dining benefits, catering to those who prioritize exclusivity and seamless service. The phased rollout across India signals Swiggy's focus on creating a "business-class" experience for its most loyal customers.

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“Dhandha Karna Hai Toh Dhang Se Karo”: TBO Tek Sets Up New Subsidiary In Greece

TBO Tek, the B2B travel startup, has expanded its global footprint by setting up a wholly-owned subsidiary in Greece, named TBO Tek Greece Single Member Private Company.

This move reflects the company’s strategy to tap into new markets and strengthen its presence in Europe. With Greece now in its portfolio, TBO Tek is positioning itself for broader international growth.

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“Hum Kissi Se Nahi Kam”: Zepto Cafe To Be Separate From Quick Commerce App

Zepto is set to spin off its cafe business into a separate app, Zepto Cafe, starting next week, as part of its plan to expand the service.

Currently available only in Mumbai, the cafe service will soon spread to 120 locations across cities like Delhi NCR, Bengaluru, Hyderabad, Chennai, and Pune. This move marks a significant step in Zepto's strategy to grow its quick commerce ecosystem.

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“Waah Kya Scene Hai”: TAC Infosec Shares Hit Upper Circuit To Record New All-Time High

TAC Infosec made waves on the NSE today as its shares hit the upper circuit at ₹915.25, marking a fresh all-time high.

The 5% surge also set a new 52-week high, reflecting strong investor confidence in the company. As the stock rallies, all eyes are on what’s driving this remarkable momentum.

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“Mauja Hi Mauja”: ixigo Shares Rally 10%, M-Cap Zooms To $717 Mn

ixigo shares soared by 10%, pushing its market cap to an impressive ₹6,084.13 Cr (around $717 Mn).

The rally follows ixigo's strategic acquisition of a 51% stake in Zoop Web Services, a train food delivery platform, for ₹12.54 Cr. The move underscores ixigo's ambition to expand its ecosystem and enhance its foothold in the travel-tech space.

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“Abhi Toh Party Shuru Hui Hai”: MobiKwik IPO As Issue Oversubscribed 5.23X On Day 1 So Far

MobiKwik's ₹572 Cr IPO has taken off with a bang, oversubscribed 5.23X on its first day of bidding.

Investors have placed bids for a whopping 5.89 Cr shares against the 1.12 Cr on offer, driven largely by retail enthusiasm. This strong debut highlights the fintech giant's appeal in India's buzzing IPO market.

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“Mereko Dhak Dhak Horela Hai”: Swiggy Shares Drop Over 5% After One Month Anchor Lock-In Period Ends

Swiggy's stock dropped over 5% intraday as 6.5 Cr shares became eligible for trading after the expiry of the one-month anchor lock-in period.

Despite the decline, the stock has still delivered a solid 31.92% return since its November listing. Trading volumes surged to 10.76 Cr shares, with Swiggy's market cap sitting at ₹1,16,846 Cr by 2:40 PM.

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“Ho Jaayegi Balle Balle”: Innov8 FY24: Profit Zooms Multifold To INR 62 Cr

Innov8, the OYO-owned coworking startup, saw its profit after tax (PAT) soar to ₹62 Cr in FY24, a massive jump from just ₹2.5 Cr last year.

The company is now eyeing further growth, with plans to raise ₹100 Cr next year to fuel acquisitions, tech upgrades, and strategic partnerships. This leap in profitability signals a bright future for Innov8 as it expands into niche categories.

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“Dil Garden Garden Horiya Hai”: CarTrade Shares Jump 3% To Hit Fresh 52-Week High At INR 1,548.45

CarTrade shares extended their winning streak for the sixth consecutive day, jumping over 3% today to hit a fresh 52-week high of ₹1,548.45.

This marks an all-time peak for the stock, reflecting strong investor confidence. With consistent gains, CarTrade is capturing attention on the BSE as it pushes to new heights.

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1. Power Gummies has raised ₹10 Cr ($1.2 Mn) in a bridge funding round co-led by Jaipuria family office and Quadrant to diversify into the holistic wellness space. The funding will support the brand's expansion beyond its core nutraceutical products. Read more here

2. CarDekho SEA, the Southeast Asia arm of CarDekho Group, has raised $60 million in its first external funding round, led by Navis Capital Partners and Dragon Fund. With this investment, its total fundraising now exceeds $100 million. Read more here

3. Industrial robotics maker Haber has secured $44 million in its Series C round, led by Creaegis, BEENEXT, and Accel. The funding includes $38 million in equity and $6 million in debt to fuel its growth. Read more here