Credit-on-UPI fintech startup Kiwi’s cofounder Mohit Bedi has stepped down from his role as Chief Business Officer (CBO) and transitioned into an advisory position, according to sources familiar with the development. Bedi, who is stepping down due to personal and family commitments, will remain with the company until July 2026, after which he is expected to exit. He will, however, retain a significant equity stake in the company, reflecting continued confidence in its long term growth. Founded in 2022 by Anup Agrawal, Siddharth Mehta, and Mohit Bedi, Kiwi enables credit based transactions on UPI, allowing users to access credit while…
Author: Adarsh Kumar
The Adani Group is set to invest around ₹1 trillion in the large scale Motilal Nagar redevelopment project in Goregaon West, significantly expanding its footprint in Mumbai’s real estate and urban infrastructure space. The project will be executed by Estatevue Developers Pvt Ltd, a subsidiary of the Adani Group, and is expected to be one of the most ambitious housing redevelopments in the country. As part of the development plan, Adani will receive a free-sale component of approximately 1.7 million square metres, which can be monetised in the open market at prevailing real estate prices. This component is likely to…
Cognizant CEO Ravi Kumar S saw his annual compensation increase 28% to $21.5 million in 2025, according to the company’s proxy filing with US regulators. Meanwhile, CFO Jatin Dalal witnessed a 30% decline in compensation to $7.08 million. Kumar’s pay package included $1.3 million in salary, $15.8 million in stock awards, and $4.4 million in non-equity incentive compensation. Unlike the previous year, he did not receive a bonus. However, his realised compensation stood at $10.7 million, lower than his target compensation of $19 million, mainly due to performance linked stock units that are yet to vest. Dalal, who previously worked…
Co-living and managed accommodation platform ZoloStays continued its growth momentum in FY25, reporting a 67% year-on-year rise in operating revenue while reducing losses by 38%. According to financial statements sourced from the Registrar of Companies (RoC), the company’s revenue from operations increased to ₹342.3 crore in FY25, compared to ₹204.4 crore in FY24. ZoloStays derives the majority of its income from accommodation and allied services for students, professionals, and organizations. This segment contributed nearly 80% of total operating revenue and surged 73.6% to ₹273 crore in FY25. The company also provides residential facility management services to colleges and universities, along…
Jewellery retailer BlueStone has rolled out fresh employee stock options (ESOPs) worth nearly ₹11 crore, covering 2.09 lakh equity shares under its ESOP 2014 scheme, according to stock exchange filings. The company’s Nomination and Remuneration Committee has approved the grant of 2,09,319 stock options under the ESOP 2014 scheme. Each option can be converted into one equity share with a face value of ₹1. Based on the company’s previous closing share price of ₹522 per share, the newly granted ESOPs are valued at around ₹11 crore. The vesting will take place over four years. Around 25% of the options will…
Tata owned online food and grocery company BigBasket has appointed Arpit Jaiswal as its Chief Growth Officer (CGO), strengthening its leadership team as the company sharpens focus on profitable growth and category leadership. In his new role, Jaiswal will lead growth across product, user acquisition, retention, and market expansion. He will work closely with cross functional teams to deepen customer engagement, improve monetization efficiency, and scale BigBasket’s presence across urban and emerging markets. Jaiswal joins from Google Pay, where he served as Head of Growth and Group Product Manager. During his tenure, he led large scale user acquisition through partnerships…
New age fragrance brand FIFTH SENSE has secured ₹6.3 crore in a pre-seed funding round led by OTP Ventures, with participation from Sadev Ventures, ISV Capital, and angel investors including Rohit Kapoor and Amit Damani. The fresh capital will be used to expand its product portfolio, build the brand through storytelling-led content, and strengthen its supply chain and distribution network. Founded by Bharat Gupta and Prateek Gupta, both alumni of IIM Kozhikode, FIFTH SENSE aims to create India’s first emotion-led fragrance ecosystem. The brand is positioning fragrance as an extension of identity and self-expression, moving beyond conventional ingredient-led marketing. Its…
Ola’s AI arm Krutrim has taken its consumer facing assistant Kruti AI offline, with the service currently inaccessible across both web and mobile platforms, according to multiple reports. The Kruti app has been removed from app stores, while its web interface is also non-functional. Users visiting the website are shown a message stating: “We’ll be back soon. Kruti AI is currently under maintenance,” indicating a service disruption. The assistant also appears to be non-operational within Ola’s ecosystem. Launched in 2025, Kruti was built on Krutrim’s in-house model Krutrim V2, a 12-billion parameter AI model, and was designed to handle tasks…
Quick-service home platform Snabbit has appointed Abhinav Ankur as its Chief Business Officer (CBO) to lead business expansion as the company scales its presence in India’s fast growing home services market. Ankur brings experience across consumer internet and logistics platforms, having held leadership roles at OYO and WheelsEye, where he drove business growth, operational scale, and category expansion. He joins Snabbit at a crucial stage as the company transitions from early traction to structured market leadership in a largely underpenetrated segment. Founded in 2024, Snabbit connects households with trained professionals for services like cleaning, dishwashing, and laundry, with providers available…
Polaris Smart Metering Private Limited has raised ₹710 crore (around $80 million) from British International Investment (BII) for its subsidiary Hooghly Smart Metering Private Limited. The funding will be used to deploy over 2.2 million smart meters in West Bengal and expand Polaris’ advanced metering infrastructure (AMI) footprint. Polaris, a portfolio company of I Squared Capital, provides end-to-end smart metering solutions, including manufacturing, deployment, communications infrastructure, and software platforms. The company currently has an order book of around $1.1 billion, covering projects across Uttar Pradesh, West Bengal, and Manipur, with a total of 7.5 million electric meters. It also operates…