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Article on October 19, 2022

Tata-Backed Fitness Startup Cult.fit Eyes To Launch IPO In 12-18 Months

Founded in 2016 by Mukesh Bansal and Ankit Nagori, fitness-focussed company Cult.fit records 50 per cent growth in its revenue

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Tata Cliq CEO Vikas Purohit Quits

Purohit joined Tata Cliq in November 2016. Before this, he had been with Paytm, Amazon India and Tommy Hilfiger

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CCI Fines MakeMyTrip, Oyo, Goibibo For Anti-competitive Conduct

The Competition Commission of India has directed MakeMyTrip and Goibibo (MMT-Go) to amend their market behaviour after fining them about $27 million. Oyo was fined $20 million

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Centre Extends MSMEs Non-tax Benefits For 3 Years

Non-tax benefits include benefits of various schemes of the government, including public procurement policy, delayed payments, etc

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Gaming Ecosystem To Witness Threefold Jump By 2026

This growth is going to ride on NPUs dominated by players using smartphones for their gaming activities. There were close to 390 million online gamers in India last year, and about 95 million of them were paid users, experts

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US-Based Startup Miho Secures $100K In Pre-Seed Round

The current funding will be utilised to strengthen the US market, establishing content marketing strategies, acquiring customers

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Intellemo Raises Rs 3 Cr In Seed Funding Round

Intellemo raises over Rs 3 crore in a seed funding round led by Inflection Point Ventures. The funds will be deployed to expand the tech team, instant landing pages and others

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Shadowfax Integrates With ONDC For Hyperlocal Deliveries

Apart from the e-commerce delivery coverage, the integration will help sellers on the platform gain hyperlocal services in around 8500 pin codes

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Symbiotics Investments Introduces $7.5 Mn Green Bond In India

The proceeds of this Green Bond will be used to finance their customers for renewable energy and energy efficiency projects

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Mistry.Store Bags $2 Mn Led By Omidyar India

Mistry.Store will use the funding to transform home-building material purchases by creating an end-to-end tech enabled solution for home interior professionals and their homeowner customers

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