Bullets

Ola Electric, the EV company known for its EV scooters, is going public at a discounted rate of around $4 billion (₹33,200 crore).

This amount is 25% lower than what the startup was worth in the last funding round. Bhavish Aggarwal planned to raise ₹5,500 crore through the public offering.    

Is this a strategic move or a sign of slowing growth? #KnowItAll with this article.

The RBI is cracking down on lax KYC (Know Your Customer) practices in the fintech sector. Apparently, some digital lenders and payment companies have been a bit too casual about verifying users.

Now, the central bank is demanding a stricter approach, including mandatory video KYC.

This means that just like us common folks, fintech startups should also forget skipping the line for usual safety checks.

Also Read: Why wealthtech is the secret weapon for modern investors?

Zee Entertainment just got a thumbs up from shareholders to raise ₹2,000 crore. The funding will be done via one or more tranches through private investors.

Although a clear plan for fund usage is not revealed, some amount will be utilised for business expansion.  

Will Zee Entertainment finally be able to redeem its reputation after the breakup with Sony India?

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Bengaluru's latest ride-hailing app, Namma Yatri, just raised $11 million (₹91.3 crore) with Google on board! The investing round was led by Blume Ventures and Antler and the startup’s parent company, Moving Tech, plans to use funds for technology, R&D and boosting driver earnings.

They started with zero commission rides for drivers, then switched to subscriptions. Now they're offering cabs to compete with the big boys.

Is it trying to be everything to everyone, or a cunning underdog about to disrupt the game?

After a hot streak, investment in Indian AI startups plunged a staggering 91% to $8.2 million (₹68.06 crore) in Q2.

This data for equity funding of AI infrastructure and AI-as-a-service tech startups have seen ups and downs throughout the quarter.

Is this a sign of the apocalypse (hopefully not for the robots), or just a case of investor jitters?

Mutual fund managers are shifting gears, steering their bets away from public sector giants and towards flashier sectors like autos and IT.

HDFC Bank is leading the pack, but are they chasing growth or just the next big IPO?

One thing's for sure, this portfolio shuffle has left public sector companies feeling a bit deflated.

Tata Group is adamant in keeping controls of Air India post its merger with Vistara. All the familiar faces, including CEO Campbell Wilson, are likely to stay put.

But here's the twist: Vistara's CEO, on loan from Singapore Airlines, is apparently heading back to HQ.

So, is this a smooth handover or a sign of potential future bumps in the air?

Also Read: Will Vistara Take Off or Stall After Merging With Air India?

Invesco, a major investor in both Swiggy and Pine Labs, just slashed their price tags.

Swiggy’s valuation dropped to $12.3 billion (₹1.02 lakh crore) from $12.7 billion and Pine Labs went down from $3.8 billion (₹31,450 lakh crore) to $3.5 billion.

Did these Indian unicorns stumble, or is Invesco having a fire sale? 

Also Read: Swiggy's IPO is coming soon. Is it worth it?

TCS's profit grew 8.7% Y-o-Y to ₹12,040 crore, revenue climbed 5.4% to ₹62,613 crore, new deals worth $8.3 billion (₹68,890 lakh crore) rolled in, and the employee count finally stopped shrinking.

But the profit margin shrinks to 24.7% despite a raise-fueled spending spree.

Did the wage hikes eat into their bottom line, or is there more to the story?

Also Read: Tata Group is Bringing around 8 IPOs. #KnowItAll from this link.

Goldman Sachs is going all out on a hot new SaaS startup! The Wall Street giant is cozying up to Indian SaaS company MoEngage with a potential $35-50 million (around ₹415 crore) investment.

MoEngage has gathered around $182 million (about ₹1,510 crore) funding since its inception. However, Goldman is buying shares on the down-low from early investors.

So, is MoEngage worth investing in or is there something fishing that led to Goldman Sachs low move for startup’s valuation.

Tata 1mg is on a roll! It’s online medicine sales are up 21% to ₹1,968 crore for FY24, and losses are way down to ₹313 crore from ₹1,255 crore.    

The positive financials for the year 2023-24 also boosted Tata 1mg’s market share in the online medicine sector.

Is this the recipe for a healthy IPO, or are they just taking their vitamins and chilling for a while?

Is a price hike on your data plan a sign of things to come for Reliance Jio? While Mukesh Ambani remains tight-lipped, whispers of a blockbuster IPO are swirling.  

Jefferies, a global investment firm predicts a 2025 listing with a hefty $112 billion (around ₹9.29 lakh crore) valuation.

So, is this strategic preparation for a grand entrance on the stock market and would it be interesting for you?

Stay in tune for the answer with Finology Insider.

Battle between giants PhonePe and Google Pay is snagging a hefty 86% slice of the UPI pie. While this duopoly raises eyebrows at the NPCI, Amazon Pay India’s CEO, Vikas Bansal, is singing a different tune.

He insists it’s not just about grabbing market share but nurturing new payment innovations. From UPI wallets to credit lines, Bansal stresses on broadening the payments landscape.

Amidst all this, one wonders: is the future of digital payments a monopoly match or a diverse ecosystem waiting to blossom?

Also Read: Google Play Store's new rival is arising. Who is it?

Cognizant greenlit a hefty ₹4.1 crore payment to settle a legal issue involving their CFO, Jatin Dalal, and his former employer Wipro.

The sum covers not only Dalal’s settlement with Wipro but also his towering legal fees.

The saga began when Wipro, feeling the sting of Dalal's defection to Cognizant, alleged breaches in his contract, sparking a courtroom clash.

What drove this top executive to jump ship after two decades at Wipro? Was it just a career move or something more strategic?

Forget Flipkart vs Amazon, the government's got a new e-commerce contender: ONDC. This public network just hit 10 million transactions in June, with a 6.1 million non-mobility transactions and 3.9 million mobility transactions.

Meaning, the platform sells more couch cushions and groceries than cabs and rides.  

One thing's for sure, ONDC's not just shopping, they're testing loans and even passive funds.

Also Read: Will ONDC Kill Amazon & Flipkart?

The Delhi HC just cracked down on social media platforms (Whatsapp, Meta, Telegram) and banks (NPCI).

The High Court ordered them to freeze accounts mimicking Razorpay to commit fraud. The rising danger of digital scams led to the decision.

Looks like some online impersonators are getting razor-sharp justice!

Banks are building super apps for merchants loaded with features and aiming to steal the crown from payment giants like PhonePe.

HDFC Bank, Axis Bank, and Yes Bank have built apps like Smarthub Vyapar, Axis Neo, and Yes Biz. Through these one-stop-shop apps for businesses, banks plan on offering everything from payments to (potentially) insurance and credit through these apps.

Will these banking titans be able to defeat the major players of the sector?

Also Read: Is Paytm Going to Lose its Payment Bank Licence?

Pepperfry, the furniture retailer known for its comfy couches, has hit pause on going public. That’s right, now IPO ($250-300 million) for now.

Ditching the stock market spotlight for now, they're focusing on good old fashioned growth and profitability.

So, is this a strategic shift or a sign that the furniture market is about as firm as a beanbag chair?