Harsh Upadhyay

Stockbroking company Groww is gearing up for its initial public offering (IPO), according to a media report. While a few fintech startups have already gone public, the Lalit Keshre-led company will be the first contemporary startup from the stockbroking industry to take this step.

Walmart-backed PhonePe is set to enter the quick commerce market through its e-commerce venture, Pincode, according to a media report. This marks the third attempt by the Sameer Nigam-led company in online retail.

Vernacular social media platform ShareChat is reportedly laying off about 5% of its workforce, marking its second round of layoffs in the past six months.

Audio series platform Kuku FM is facing criticism from users on social media for simultaneously promoting its devotional app, Bhakti, and its erotic content app, LoveNasha. The juxtaposition of these vastly different content types has sparked debates and backlash online.

E-commerce major Amazon is all set to acquire fintech company Axio (formerly Capital Float). This will be the second acquisition for the US-based company in the Indian fintech space, following its acquisition of Emvantage.

In a strategic move, leading payment aggregators Razorpay and Cashfree have suspended their direct integrations with Juspay, a SoftBank-backed payment orchestration platform.

Hatsun Agro Product Limited, a dairy product manufacturer, has announced the acquisition of 100% of the share capital of Milk Mantra for Rs 233 crore ($27.5 million).

Online pharmacy company PharmEasy is undergoing a major transition as three co-founders—Dharmil Sheth, Dhaval Shah, and Hardik Dedhia—have stepped back from the Bengaluru-based firm.

According to startup data intelligence platform TheKredible, Spinny has raised around $500 million to date. Tiger Global and Accel are its largest stakeholders with 14.25% and 13.25% holding respectively.

SaaS company Wingify is in the process of getting acquired by private equity firm Everstone, sources aware of the development told Entrackr. This will be one of the largest deals in SaaS space and for any startup which has been running bootstrapped since its inception.