Harsh Upadhyay

Amazon India is gearing up for an entry into the burgeoning quick commerce segment, taking on established players such as Swiggy Instamart, Blinkit, and Zepto. For now, the company is piloting the service in Bengaluru.

Cloud-based testing platform LambdaTest has secured $38 million in a funding round led by Avataar Ventures, with Qualcomm Ventures also participating. The fresh funding comes after a gap of more than 30 months for the Noida and San Francisco-based startup.

Venture Capital firm Kenro Capital has made its first investment of $40 million (Rs 340 crore) in K12 Techno Services, owner of Orchids International Schools. This is the third secondary transaction for K12 Techno since September last year.

Quick commerce startup Zepto reported a two-fold spike in revenue during the fiscal year ending March 2024. Meanwhile, the company managed to reduce its losses marginally by 2% during the same period.

Fitness tech company Cult.fit underwent a key leadership change in FY24 after promoting co-founder Naresh Krishnaswamy to CEO. He succeeds co-founder Mukesh Bansal, who transitioned to the role of executive chairman. While the company achieved over 30% growth in scale under the new leadership, the losses remain unchanged in the last fiscal year.

A media report suggested that InCred aims to raise Rs 4,000-5,000 crore through its IPO, at a valuation ranging between Rs 15,000 crore and Rs 22,500 crore.

With these offerings, Gurugram-based Country Delight will compete with players like Zepto, Blinkit, Swiggy Instamart, Flipkart Minutes, and Amazon Tez.

Full-stack online travel aggregator (OTA) Ixigo has launched a travel guarantee feature for train travelers, positioning itself as a direct competitor to its arch-rival, MakeMyTrip.

After a slight decline in operating scale in FY23, edtech unicorn Vedantu reported a 21% year-on-year revenue growth for the fiscal year ending March 2024. Significantly, the Bengaluru-based company reduced its losses by 58% during the same period.