Author: Business Matters Author

In a significant move ahead of its much-anticipated IPO, B2B commerce unicorn OfBusiness has raised INR 100 crore (approximately $11.7 million) from Cornerstone Ventures. The funding comes as the startup prepares to go public in the second half of 2025, highlighting its ongoing commitment to empowering small and medium enterprises (SMEs) across India. Strategic Funding Ahead of IPO This latest investment is part of Cornerstone Ventures’ $200 million second fund, which made its first close at $40 million in January 2025. The VC firm plans to reach its second close by the end of this year. The fund is focused…

In a bold move aimed at redefining mobile connectivity convenience, Zomato-owned Blinkit has teamed up with Bharti Airtel to offer 10-minute SIM card delivery across 16 Indian cities. This partnership marks a significant milestone in the rapid commerce space, blending hyperlocal delivery capabilities with essential telecom services. Read Also :- Nandan Nilekani Highlights Challenges of Scaling AI in Enterprises and Public Sector Announced by Blinkit cofounder and CEO Albinder Dhindsa on social media platform X (formerly Twitter), the service promises lightning-fast delivery of Airtel SIM cards to customers’ doorsteps. The offering includes options for new prepaid and postpaid connections, as…

Mumbai-based eco-friendly luggage brand uppercase has announced a major collaboration with Indian cricket star Jasprit Bumrah, who has come on board as both an investor and a strategic partner in product development. The partnership not only boosts the brand’s visibility but also brings a fresh, athlete-driven perspective to its product line. Founded in 2021 by a team of entrepreneurs—Sudip Ghose, Uday Sodhi, Arnob Mondal Kumar, Shivaprasad Eregowda, Nidhi Rajora, and Dheeraj Goyal—uppercase is quickly gaining recognition in the travel gear industry. The brand focuses on creating sustainable travel essentials, including hard luggage, backpacks, duffel bags, and office satchels, all designed…

At the Carnegie Global Technology Summit 2025, Infosys cofounder Nandan Nilekani shed light on the complex journey of implementing Artificial Intelligence (AI) at scale, especially in enterprise and public sector environments. While AI continues to make rapid strides in consumer applications, Nilekani emphasized that scaling AI within organizations and government systems is a far more intricate challenge. According to Nilekani, consumer-facing AI solutions—such as chatbots, recommendation engines, and voice assistants—are relatively easy to adopt and deploy. These technologies are integrated into products and services that consumers interact with daily, allowing companies to refine their models quickly based on real-time feedback.…

Bengaluru-based Zolo exits student housing vertical through a slump sale deal with Mumbai-based Good Host Spaces Zolo, a leading coliving spaces provider headquartered in Bengaluru, has announced the sale of its student accommodation business to Good Host Spaces Management Services, a Mumbai-based student housing company, for INR 107.8 Cr (approximately $12.5 million). The strategic move comes as part of Zolo’s plan to focus more sharply on its core offerings in the broader rental housing and coliving segment. According to regulatory filings and official confirmation, the board of Zolo approved the sale on February 10, 2025. The transaction will be executed…

With support from Amazon and Samara Capital, More Retail aims to double its store network in five years through a hybrid retail strategy Amazon-backed supermarket chain More Retail is set to make a major move in India’s fast-growing retail landscape with plans to launch its Initial Public Offering (IPO) next year. The company, which operates a mix of supermarkets and hypermarkets across India, is eyeing rapid expansion as it aims to double its store count over the next five years. Vinod Nambiar, Managing Director of More Retail, revealed to Reuters that the IPO will help fund the brand’s aggressive growth…

Strategic Step Towards Domicile Shift Fintech major Pine Labs has received the final approval from the National Company Law Tribunal (NCLT) to merge its Indian and Singapore-based entities. This strategic realignment is a major step in the company’s broader plan to shift its domicile to India — a move that sets the stage for a highly anticipated $1 billion Initial Public Offering (IPO). The merger will lead to the issuance of Pine Labs shares to the current shareholders of the Singapore entity. This realignment is part of the company’s vision to boost operational efficiency and streamline its corporate structure. Read…

PhysicsWallah, the rapidly growing edtech startup, is ramping up its efforts to expand its presence in the competitive Union Public Service Commission (UPSC) test preparation market. As part of its strategy to enhance its foothold in the sector, PhysicsWallah is actively exploring acquisition opportunities with several key players in the UPSC preparation space. The company is currently evaluating seven to eight entities for a potential buyout deal, signaling its strong intent to become a dominant force in the highly competitive UPSC test preparation industry. Strategic Focus on UPSC Test Preparation The UPSC Civil Services Examination is one of the toughest…

In response to recent media speculation, Ola Electric has taken proactive steps to clarify its sales figures for February 2025, addressing concerns raised by a Bloomberg report. The electric vehicle (EV) maker faced criticism after the report claimed that Ola Electric included “bookings” of electric scooters and motorcycles in its February sales numbers without fulfilling deliveries. In its statement, Ola Electric described these claims as “misinformation” and reaffirmed its commitment to transparency and accuracy in reporting sales data. Clarification on February 2025 Sales Figures Ola Electric took to the stock markets to clarify the situation, emphasizing that the February 2025…

Apple has made significant strides in its efforts to mitigate the impact of the tariffs imposed by the Donald Trump administration by nearly doubling its iPhone exports from India in March. The surge in exports is seen as part of the company’s strategy to stockpile inventory ahead of the new tariffs, which are set to be introduced on April 2. This move by Apple underscores the increasing importance of India as a critical hub in Apple’s global supply chain, particularly in light of the evolving trade relations between India and the United States. In March, Apple ramped up its exports…