India’s largest airline, IndiGo has witnessed a sharp erosion of investor confidence as ongoing flight cancellations and operational disruptions have wiped out nearly Rs 25,000 crore from the market capitalisation of its parent company, InterGlobe Aviation Ltd, over the last six trading sessions. According to stock exchange data, the airline’s continuous operational challenges have triggered a significant decline in its share price. The turbulence extends beyond markets, impacting more than 2.9 lakh retail shareholders who hold positions in InterGlobe Aviation. The steep fall in valuation reflects rising concerns over IndiGo’s ability to stabilise its operations quickly and manage passenger traffic…
Author: Adarsh Kumar
Indian edtech and school management startup Newron has raised Rs 40 crore in a pre-Series A funding round, marking a significant milestone in its mission to redefine K–12 school operations in India and global markets. The fresh infusion of capital will strengthen Newron’s international operational capabilities, build a robust cross-border compliance framework, and enhance its proprietary technology infrastructure that powers centralized school administration. Founded in 2022, Newron offers end-to-end school management services, covering operations, finance, HR, and compliance. The startup also develops a comprehensive K–12 curriculum and deploys ERP systems to help institutions make data driven decisions. By replacing outdated…
Aspora, the cross-border financial technology platform formerly known as Vance, has appointed Varun Sridhar, ex-CEO of Paytm Money and Paytm Services, as the new CEO of its wealth management and lending division. The strategic leadership move was announced through Aspora’s official LinkedIn channel and marks a major milestone in the company’s global expansion ambitions. With 20+ years of experience in financial services, digital banking, and fintech transformation, Sridhar is widely regarded for steering high growth financial platforms. At Paytm, he helped scale Paytm Money from launch to profitability and played a key role in building the company’s operating model during…
Nikhil Kamath’s journey is not a typical success story — it’s a story of breaking rules and creating his own path. Born in Bengaluru, Nikhil was never interested in textbooks or exams. He dropped out of school early, began selling phones, and soon developed an obsession with the stock market. While most teenagers were figuring out college options, Nikhil was learning real-world trading at lightning speed. This unconventional start laid the foundation for one of India’s biggest financial revolutions. Building Zerodha: A Startup That Changed India’s Trading Culture In 2010, Nikhil and his brother Nithin founded Zerodha, a discount brokerage…
Nexus Venture Partners has announced the close of its $700 million Fund VIII, strengthening its position as one of the most active early stage investors across India and the United States. The new fund will primarily support startups in artificial intelligence, enterprise software, consumer tech, and fintech, continuing Nexus’ strategy of backing high potential founders building globally competitive companies. This raise mirrors the firm’s previous $700 million fund in 2023, signaling consistent investor confidence. Nexus confirmed that Fund VIII will also be deployed into US only ventures, alongside its long standing focus on cross border Indian software companies. The firm…
Ritesh Agarwal, founder & CEO of OYO Rooms, turned a small-town dream into a global hospitality empire. Born in Rayagada, Odisha, he dared to think big when most were settling for the ordinary. Today, OYO is a household name across India and multiple countries. Dropping Out to Build a Vision At just 17, Ritesh moved to Delhi, dropped out of college, and identified a major problem — budget travelers couldn’t find clean, affordable, and reliable rooms. This led to the birth of Oravel Stays, which soon evolved into OYO Rooms, redefining the budget hotel industry. Overcoming Challenges & Going Global…
Agentic AI is quickly becoming the backbone of next-generation enterprise automation, and Disseqt AI is emerging as one of the leading players shaping this shift. The company has entered strategic partnerships with Tata Technologies and Infosys to help global automobile and fintech companies adopt advanced AI agents safely and at scale. Disseqt AI focuses on solving a major challenge for large enterprises: ensuring that AI systems are reliable, testable, compliant, and ready for real-world workflows. Its platform allows organisations to build, simulate, test, and monitor Agentic AI systems without the heavy operational costs that typically slow adoption. By offering industry-specific…
The initial public offering (IPO) of ecommerce unicorn Meesho continued to draw strong investor demand on Day 2, with the issue oversubscribed 5.23 times as of 14:18 IST. The Bengaluru-based social commerce platform received bids for 145.20 crore shares against 27.79 crore shares on offer, reflecting robust market confidence in the company’s business model and growth trajectory. Retail Investors Lead Aggressive Bidding Retail investors emerged as the strongest contributor in the subscription race. The retail portion was oversubscribed 7.82X, with investors bidding for 39.90 crore shares against the 5.1 crore shares reserved for them. This reflects the high brand visibility…
Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix, has acquired a majority stake in Delhi-based NBFC Vanik Finance for around ₹80 crore (approximately $8.9 million). The strategic move aims to strengthen Credlix’s position in India’s growing MSME credit ecosystem and accelerate its expansion into deeper supply chain financing services. In a statement, Moglix announced that Vanik Finance will now operate completely under the Credlix brand, enabling the platform to leverage advanced analytics, digital underwriting, and automated risk assessment frameworks. This integration is expected to speed up credit decision-making and further reduce turnaround time for MSME borrowers. Strengthening…
In one of the biggest moves in global luxury fashion this year, the Prada Group has officially acquired its Milanese rival Versace in a deal valued at 1.25 billion euros (nearly $1.4 billion). The acquisition unites two iconic but contrasting Italian fashion houses Prada’s “ugly chic” minimalism and Versace’s bold, glamorous identity under a single corporate umbrella. The deal, long anticipated by the market, is expected to revitalize Versace after years of uneven performance under U.S.based Capri Holdings, especially in the post pandemic period. In its brief confirmation, Prada said the acquisition was completed after securing all required regulatory approvals,…