Today’s Indian Startup Buzz: Cred Loses Risk Chief, Trust Fintech Soars, Byju's Wealth Dwindles

The Indian startup scene witnesses a flurry of activity. Cred's risk management chief jumps ship, while Trust Fintech enjoys a stellar debut on the stock exchange. Accel-backed BrowserStack faces legal trouble in the US. Serena Williams ventures into beauty with a new brand. Clicktech is set to acquire a major Amazon seller. Meanwhile, Byju's founder experiences a dramatic drop in net worth, and an online gambling company eyes a relocation to Zimbabwe.

We've got the news, and the laughs! Check out our hilarious memes.

What Matters

“Kabhi Alvida Na Kehna”: Cred’s Risk Management Head Kunal Kashyap Quits

Kunal Kashyap, the risk management guru at CRED, has decided to take a new leap. After steering the ship for nearly four years, he's setting sail for new horizons. Rumor has it he'll be flexing his risk management muscles at the freshly minted Slice-North East Small Finance Bank merger. Now that's what we call a high-stakes career move.

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“Hukum ka ikka Boss”: Trust Fintech Makes Strong Market Debut, Lists At 42% Premium On NSE SME

Trust Fintech just hit the stock market running with a bang! Their shares made a grand entrance on the NSE SME platform, sporting a whopping 42% premium from their IPO price at ₹143.25 each. Word on the street is that they're eyeing some serious expansion with funds earmarked for a swanky new development hub in Nagpur's Mihan SEZ. Let’s see if they can continue being the Boss of their trade.

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“Main toot gaya ab”: From $2.1 bn a year ago to ZERO, Byju Raveendran's net worth takes a hi

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“Aa Dekhe Zara”: Clicktech set to acquire Amazon’s top seller Appario

Clicktech is making waves in the ecommerce world with its latest move to snap up none other than Amazon's top seller, Appario. This acquisition marks Amazon's second time divesting its stake from a seller entity to stay in line with local regulations.

Amazon's also swooping in to acquire Appario's parent company, Frontizo Business Services, straight from its joint venture partner. Following Cloudtail's shutdown, Amazon India's top seller is now Appario. Looks like Clicktech is gearing up to take the ecommerce throne, especially after Appario snagged the title of Amazon India's largest seller.

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“Achha Bhai Mai Chalta Hoon”: Mahadev Online Book Promoters Plan To Relocate Betting Business From Dubai To Zimbabwe

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Ace shot: Serena Williams and The Good Glamm Group form a joint venture to launch 'Wyn Beauty

Serena Williams is teaming up with the Indian-based The Good Glamm Group to unveil something fabulous. Get ready for 'Wyn Beauty' hitting the shelves in the US market soon. What sets it apart from other brands? Well, it's all about inclusivity with a whopping 91 shades across 10 product ranges, catering to every skin tone under the sun.

And this venture adds a fresh sparkle to Good Glamm's already impressive lineup, joining the ranks of ScoopWhoop and Organic Harvest. With talks buzzing about a massive $70 million Series E funding round and an IPO on the horizon, looks like Good Glamm is poised for some serious glam domination.

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“Ab Aayega Maza”: Accel-backed BrowserStack dragged to court by US-based rival Deque Systems

Accel-backed BrowserStack is facing some serious heat from its US rival Deque Systems. They have been dragged into court over a laundry list of allegations including copyright infringement and false advertising. And hey, remember when Whatfix and WalkMe duked it out last year? Seems like competition in the startup scene can get as fiery as fire.

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Fundraising and Financials

1. Traya's pockets just got 75 crores heavier thanks to Xponentia Capital, talk about a financial growth spurt.

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2. Planys dives deep into the funding pool, surfacing with a cool $4 million, making waves in the deeptech startup world.

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3. Hudle scores big in the funding game, netting a cool ₹7 crore to keep the sports tech action rolling.

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4. Looks like Curelo just got a healthy dose of funding, with cricketer Shreyas Iyer and others chipping in ₹10 crore to keep the wellness ball rolling.

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