Payal Ganguly

ElasticRun has halved its losses for FY24 with an improvement in gross margins. It pivoted to focus on the distribution of regional brands to move towards profitability, even as its GMV declined annually.

MSME-focused NBFC Finova Capital said the round offered exits to early investors. It had last raised $65 million in a round led by Norwest in 2022.

In a conversation with YourStory, Sanjeev Bikhchandani, Founder and Executive Chairman of Info Edge, says, India has a strong need for vertical-AI applications and educational institutes and academia can help push young entrepreneurs towards riding this wave.

BlueGreen Ventures' maiden fund will invest in early-stage startups and secondaries in growth-stage companies for mid-fund cycle returns for its LPs.

Brainbees Solutions, which operates FirstCry and BabyHug and holds a majority stake in GlobalBees, has pared its losses down to Rs 62.9 crore for Q2 FY25. The company reported a 26.4% increase in revenue on a consolidated basis.

Founder and CEO of OYO Ritesh Agarwal will increase his shareholding in hotel chain startup OYO to 32% with a fresh infusion of Rs 550 crore according to a recent shareholder notice. The share purchase will be held at a 45% premium from the company’s last round of funding in August.

Retail bellwether Walmart said that the major push for its international advertising business came from Flipkart. The company also indicated that Flipkart’s Big Billion Days sale had a positive impact on the growth of its ecommerce business in Q3.

Capria Ventures India Fund III, with a green shoe option of up to $125 million, will allocate 25% of its capital for late-stage investments in breakout companies from the firm’s portfolio, offering early exits to LPs.

Fine dining Southeast Asian brand KOKO by Pebble Street Hospitality is now in Hyderabad’s HITEC City. The restaurant offers the perfect getaway for a leisurely meal from the humdrum work life.

Early-stage VC firm Stellaris Venture Partners has identified the rise of sector and stage-specialist venture capital in India. In an interview with YourStory Founder and CEO Shradha Sharma, the investment team at Stellaris shared their perspectives on the growing potential of India as a key market.