Zappfresh Gears Up For BSE SME, Zomato Brings In A New Feature, Apple’s Growing Indian Ecosystem and more

Zappfresh, the D2C meat delivery startup, is gearing up to list on the BSE SME, while Zomato spices things up with a new ticket reselling feature. In major investment moves, Warburg Pincus has pocketed INR 836 crore from its exit in MedPlus, and Apple’s growing Indian ecosystem promises to create 6 lakh jobs by FY25. Meanwhile, Medi Assist is making headlines with its Rs 312 crore acquisition of Paramount Health, shaking up the insurance landscape.

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What Matters

“Panna Ki Tammana Hai”: D2C Meat Delivery Startup Zappfresh Files DRHP To List On BSE SME

Zappfresh, the D2C meat delivery startup founded in 2015, is sizzling up the market with its DRHP filing to list on the BSE SME. With a fresh issue of 59.06 lakh equity shares on the table, Zappfresh isn't offering any for sale just yet.

The proceeds from the IPO are aimed at spicing up their operations, including potential acquisitions, marketing, and capital expenses.

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“Daal Mein Tadka”: Zomato Launches New Ticket Reselling Feature

Zomato is cooking up something new with its 'Book Now, Sell Anytime' feature, launching on September 30 in the app's "Live" section, just in time for the Zomato Feeding India Concert.

With a cap of 10 tickets per customer and a resale price limit of 2x the current phase price, Zomato is spicing up the ticket reselling game. CEO Deepinder Goyal shared that 300k people have already registered to be notified when tickets drop.

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“Achha Chalta Hoon, Duaon Mein Yaad Rakhna”: Warburg Pincus Exits MedPlus With INR 836 Cr Stake Sale

Warburg Pincus has made a swift exit from MedPlus Health Services, selling off its entire 11.35% stake for a whopping INR 836 crore through an open market transaction.

Lavender Rose Investment Ltd, the Mauritius-based arm of Warburg Pincus, offloaded 1.35 crore shares at INR 616.48 each, marking a complete exit from the pharmacy chain. With this stake sale, Warburg Pincus has pocketed a tidy sum, closing the chapter on its MedPlus investment.

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“Ek Chhoti Si Naukri Ka Talabgar Hoon Mai”: Apple’s India Ecosystem May Create 6 Lakh Jobs By FY25

Apple's growing presence in India is more than just shiny new gadgets—it's also a major job creator. According to a report by The Economic Times, Apple's expanding operations could generate up to 6 lakh jobs in India by the end of FY25.

With the tech giant ramping up its investments, it's not just the iPhones getting an upgrade; the job market is set for a boost, too.

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“Ab Aayega Maza”: Medi Assist Insurance TPA to acquire Paramount Health for Rs 312 crore

Medi Assist is making big moves in the insurance world by acquiring Paramount Health for Rs 312 crore. The deal, signed by Medi Assist TPA, will see the India’s largest TPA take over the Fairfax-backed Paramount TPA in an all-cash transaction.

With this acquisition, Medi Assist is set to expand its footprint in the insurance landscape.

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1. Former X executives' startup Just Words has raised $1.7 million in seed funding from Peak XV Partners and Y Combinator to automate personalized marketing with AI. With clients like Grammarly and BeReal, the startup plans to build a strong team and expand its offerings.

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2. Keshav Reddy's Equal, an ID-sharing platform, has strategically invested in OneMoney, India's account aggregator, for an undisclosed sum. Meanwhile, AI platform Convin secured $6.5 million in Series A funding led by India Quotient.

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3. DeepMatrix, a geospatial analytics startup, has secured $1.6 million in a Pre-Series A funding round co-led by YourNest and Arali Ventures, with participation from angel investors like Tracxn founder Abhishek Goyal. The funding will help DeepMatrix enhance its geospatial data solutions.

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4. Plutos One, a technology service provider for the Bharat Bill Payment System (BBPS), has raised $2 million in seed funding led by StartupXseed. The fresh capital will help plutos One enhance digital bill payment solutions for banks.

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5. Bengaluru-based edtech startup Kreedo has secured $4 million in Series A funding led by Heritas Capital and UBS Optimus Foundation. The funds will help Kreedo enhance its early childhood education offerings and expand to over 7,000 schools across India.

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6. Finarkein Analytics, a Pune-based data analytics platform, has raised $4.75 million in funding led by Nexus Venture Partners, with participation from IIFL’s Fintech Fund and Eximius Ventures. The startup plans to use the funds for product development and expanding its open digital ecosystem.

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7. Convin, an AI-driven platform specializing in virtual assisted selling, has raised $6.5 million in Series A funding co-led by India Quotient and JSW Ventures. The fresh funds will help Convin enhance its sales intelligence solutions for enterprises.

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8. InsurancePadosi, an insurtech platform, has secured $500K in a pre-seed funding round led by Antler, with participation from Hemant Kaul and Satish Pillai. The funds will be used to bolster its technology platform, expand product offerings, and boost sales and marketing efforts.

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