Yatra To Expand Its Empire, Union Cabinet Gives Green Signal To Kaynes, Pure EV Wants To Touch The Sky and more

Yatra is expanding its corporate travel empire by acquiring Globe Travels, while the Union Cabinet gives a green light to Kaynes’ ₹3,300 crore semiconductor investment. Go Digit faces a ₹25 lakh GST demand, but with a 74% profit surge, it's holding steady. Pure EV is eyeing a spot as India’s second listed EV maker with ambitious growth plans, and Infibeam's new 'CCAvenue Soundbox Max' aims to revolutionize payment processing.

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What Matters

“Sochna Kya, Jo Bhi Hoga Dekha Jaayega”: Yatra Buys Globe Travels To Boost Its Corporate Travel Playbook

Yatra's recent acquisition of Globe Travels marks a strategic move to solidify its foothold in the corporate travel market. By adding Globe's 360 clients to its existing roster of 850, Yatra aims to diversify its customer base and enhance its service offerings.

The company also anticipates a boost in its financial performance, underscoring the growing importance of consolidation in a competitive sector.

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“Sabka Saath, Sabka Vikaas”: Union Cabinet Approves Kaynes' INR 3,300 Cr Investment

The Union Cabinet's nod to Kaynes Semicon's ₹3,300 crore investment sets the stage for a major leap in India's semiconductor ambitions. With plans to establish a new unit in Sanand, Gujarat, Kaynes aims to churn out nearly 60 lakh chips daily, fueling the nation's drive towards tech self-reliance.

This move aligns with the India Semiconductor Mission's vision to position India as a global hub for semiconductor manufacturing.

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“Kathinayi Ka Datt Kar Saamna”: Go Digit Slapped With Over INR 25 Lakh GST Demand

Go Digit faces a GST demand of over INR 26 lakh from authorities in Patna, Pune, and Ahmedabad, adding a new wrinkle to its financial landscape.

While the company downplays any significant financial impact and weighs its options for an appeal, it still posted a robust 74% jump in profit after tax, reaching INR 101 crore in Q1 FY25. This contrast underscores the challenges and resilience in Go Digit's growth journey.

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“Muqaddar Ka Sikandar”: Pure EV Aims To Become India's Second Listed EV Manufacturer

Pure EV is charging ahead with plans to become India's second listed EV manufacturer, aiming for a 20X turnover growth over the next four years. The Hyderabad-based startup is also gearing up to launch cutting-edge solid-state battery technology in FY26, in collaboration with UK-based PDSL.

With a 7% market share already in the bag, Pure EV is positioning itself as a formidable player in the country's burgeoning electric vehicle market.

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“Mauja Hi Mauja”: Infibeam Rolls Out 'CCAvenue Soundbox Max' To Bolster Payment

Infibeam Avenues is enhancing its payment solutions with the launch of 'CCAvenue Soundbox Max,' allowing merchants to accept card payments up to INR 5,000 alongside UPI. The company plans to introduce more features like Card EMI and Brand EMI to its POS device soon.

Riding on the back of a 59% jump in profit after tax to INR 50.4 crore in Q1 FY25, Infibeam is set to expand its foothold in the digital payment space.

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1. Medical tourism startup Global Care has secured $3 million in Series A funding to enhance clinical excellence and streamline patient care access. Founded in 2016, the company provides advanced medical services across multiple countries, including India, Turkey, and Germany.

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2. Nutrabay, the direct-to-consumer retail brand, has raised $5 million in its first institutional funding round led by RPSG Capital Ventures and Kotak Alternate Asset Managers. The Gurugram-based company plans to leverage this investment to accelerate its growth in the D2C market.

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3. Mintifi, a B2B digital lending startup, is in discussions to raise $100 million in a new funding round from Ontario Teachers' Pension Plan, Bain Capital, Advent International, and over 20 other investors. This funding would help Mintifi scale its digital lending solutions in the B2B sector.

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4. Tiger Global-backed Money View plans to raise INR 250 crore through redeemable non-convertible debentures to support its working capital needs and general purposes. The lending tech startup, valued at $900 million after its Series E round in 2022, continues to strengthen its financial position.

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