South Africa-based Coronation Fund Managers has increased its stake in Le Travenues Technology, the parent of travel platform ixigo, crossing the 7% ownership mark through an open market transaction. Stake Increase Details As per a regulatory filing with the Bombay Stock Exchange (BSE) dated April 1, 2026, Coronation acquired 4.75 lakh equity shares on March 30, 2026. This marks Coronation’s second stake increase in recent months, after raising its holding to around 5% in February 2026. Institutional Confidence Builds The latest move signals growing institutional confidence in ixigo’s growth trajectory. Notably, MIH Investments One B.V., a subsidiary of Prosus, had…
Author: Adarsh Kumar
Grapevine, the anonymous social platform for Indian professionals, has launched tal a WhatsApp-based AI talent agent designed to change how people discover jobs. Founded three years ago, Grapevine has grown to over 1 million users, building a strong repository of real, unfiltered data around company culture, salaries, workplace experiences and market sentiment. Often described as a “Reddit for Indian professionals,” the platform has become a go-to space for candid career conversations. With tal, the company is now extending that insight layer into action. Unlike traditional job platforms such as LinkedIn and Naukri.com, which primarily optimise for recruiters and job listings,…
Online higher education platform upGrad has signed a term sheet to acquire Unacademy in an all-stock transaction, marking a major consolidation move in India’s edtech sector. The companies said the valuation will be disclosed only after the deal is completed and formally filed. The agreement comes months after earlier negotiations collapsed in January due to valuation disagreements. Share Swap Structure with Break Fee According to Ronnie Screwvala, the deal will be structured as a share swap transaction and includes a break fee clause in case the acquisition does not close. Importantly, Unacademy co-founder and CEO Gaurav Munjal will continue to…
Global hospitality company Hyatt Hotels Corporation has appointed Vikas Chawla as President for India and Southwest Asia, effective April 1. The move reflects Hyatt’s push to strengthen leadership as it expands rapidly in one of its fastest-growing markets. Chawla will report to David Udell, who leads the company’s Asia Pacific operations. In his new role, Chawla will oversee Hyatt’s regional strategy, business performance, and growth initiatives across India and Southwest Asia. A Hyatt spokesperson confirmed that the leadership change is part of the company’s broader strategy to reinforce its long-term ambitions in the region. A formal announcement with further details…
B2B food and agritech platform WayCool has raised ₹210 crore (around $22.7 million) through a rights issue from existing investor Lightrock India, marking the company’s first major equity funding in nearly four years. According to filings with the Registrar of Companies (RoC), WayCool’s board allotted 3.92 lakh equity shares to LR India Fund I S.a.r.l., SICAV-RAIF, an investment vehicle of Lightrock, at an issue price of ₹5,347 per share. Funding and Valuation The company’s current valuation has not been disclosed, though WayCool was valued at around $700 million in its last equity round. Prior to this equity raise, WayCool secured…
Certification based tech education platform Newton School is set to raise fresh funding from Prateek Boob, co-founder of PhysicsWallah, as part of an extension of its Series B funding round. According to regulatory filings reviewed by Entrackr, Newton School’s board has approved the issuance of 72,738 Series B1 preference shares at an issue price of ₹3,437 per share, enabling the company to raise around ₹25 crore. Valuation and Stake Based on Entrackr’s estimates, the fresh investment values Newton School at approximately ₹1,055 crore (about $117 million). Following the allotment, Prateek Boob will hold around 2.37% stake in the Gurugram-based company.…
Shantanu Narayen, Chief Executive Officer of Adobe Inc., will step down after leading the company for nearly 18 years. The company said Narayen will remain CEO until a successor is appointed and will continue as chairman of the board. The leadership transition comes as investors question Adobe’s long-term competitiveness in the rapidly evolving artificial intelligence landscape. Investor Concerns Over AI Competition Analysts believe the CEO change raises concerns around Adobe’s strategic direction, innovation pace, and capital allocation as AI reshapes the creative software industry. Application software companies such as Salesforce and Atlassian have also faced similar pressure as AI-native startups…
Prime Minister Narendra Modi will begin a two-day visit to Assam to inaugurate and launch development projects worth around ₹47,600 crore across Kokrajhar, Guwahati and Silchar. The visit comes ahead of the Assam Assembly elections expected in April and marks Modi’s fourth trip to the state in the past four months. Projects Across Three Cities The Prime Minister will start his visit in Kokrajhar, where projects worth more than ₹4,570 crore will be launched. These include the bhoomi poojan for Assam Mala 3.0, a road development initiative worth ₹3,200 crore aimed at building over 900 km of roads across the…
Logistics SaaS platform WheelsEye reported modest growth in FY25, with its operating revenue rising 17% year-on-year. However, the company’s losses remained largely unchanged during the fiscal year ended March 2025. According to standalone financial statements filed with the Registrar of Companies (RoC), WheelsEye’s revenue from operations increased to ₹243.4 crore in FY25, compared to ₹208.8 crore in FY24. SaaS Subscriptions Drive Majority of Revenue Founded in 2017, WheelsEye offers an app-based logistics platform that enables truck booking and fleet management for operators across India. The company also provides software solutions, GPS tracking devices, and FASTag services. Revenue from software subscription…
Direct-to-consumer baby products brand R for Rabbit has nearly doubled its revenue over the past two years, reaching ₹251 crore in FY25 from ₹128 crore in FY23. Despite the rapid scale-up, the company managed to maintain a near break-even financial position during the fiscal year ended March 2025. According to consolidated financial statements filed with the Registrar of Companies (RoC), R for Rabbit’s operating revenue grew 47.6% year-on-year to ₹251 crore in FY25 from ₹170 crore in FY24. Strong Growth in Baby Products Segment Founded by husband-wife duo Kunal Popat and Kinjal Popat, the Ahmedabad based brand offers a wide…