Author: Business Matters Author

In a bold move to reflect the evolution of its business, Zomato Limited, the popular food delivery giant, has announced its decision to change its name to “Eternal Limited.” This change is part of a larger strategic shift, marking a significant transformation in the company’s long-term vision and prospects. The decision signals a new phase in the company’s corporate identity, as the board has approved the proposal for the name change. In an official exchange filing, Zomato revealed that this change would involve amending the Memorandum of Association and the Articles of Association to reflect the new name. The name…

In a groundbreaking move aimed at empowering the startup ecosystem, Finance Minister Nirmala Sitharaman announced the launch of a new Fund of Funds for startups during the Union Budget 2025 presentation. This initiative is set to play a pivotal role in enhancing access to capital for emerging and high-growth startups, which have often faced challenges in securing funding. The Fund of Funds for Startups, as described by Sitharaman, will support startups through investments in various sectors, with a special focus on innovative and technology-driven enterprises. A government-backed entity will manage the fund and will provide financial backing to venture capital…

Introduction to the Acquisition In a significant move aimed at strengthening its position in the healthcare and emergency response sectors, RED.Health, a leading medical emergency response startup, has acquired a majority stake in the renowned healthcare training institute, TACT Academy for Clinical Training. The details of the financial transaction have not been disclosed, but the acquisition signals a strategic shift toward expanding RED.Health’s capabilities in training and developing skilled medical professionals. Following the acquisition, TACT Academy will undergo a rebranding and will be known as RED TACT. This new venture is poised to revolutionize emergency care education, with plans for…

Healthtech startup makeO, the parent company of the dental technology platform Toothsi, has marked a significant milestone by reducing its consolidated net loss by 32.08% to INR 149.58 Cr in FY24, compared to INR 220.25 Cr in the previous fiscal year. This improvement can be attributed to a marked improvement in the company’s EBITDA margin, signaling positive progress in its financial and operational performance. The startup also saw a rise in operating revenue, and despite facing losses, it is showing potential for future growth. Also Read:- AWS to Invest $8.3 Billion in Cloud Infrastructure Across Maharashtra by 2030 Revenue Growth…

Amazon Web Services (AWS) has announced plans to invest a substantial $8.3 billion (INR 68,000 crore) in cloud infrastructure in Maharashtra by 2030. This strategic move will significantly enhance AWS’s cloud services capacity in India and solidify the state’s position as a global technology hub. The investment is part of a broader vision to expand AWS’s data center footprint across the country, benefiting various sectors, including government, education, healthcare, and businesses. Also Read:- Amazon India Consumer Electronics Head Ranjit Babu Resigns Amid Restructuring Efforts Partnership with the Maharashtra Government The announcement was made official on January 22, when AWS and…

ArisInfra Solutions, a prominent player in the B2B e-commerce sector for construction materials, has successfully concluded its pre-IPO placement, securing INR 80 crore through the issuance of 36.03 lakh equity shares at INR 222 per share. This achievement marks a pivotal moment in the company’s growth trajectory as it sets the stage for its highly anticipated Initial Public Offering (IPO). The placement, which follows approvals granted by the Securities and Exchange Board of India (SEBI) for the company’s INR 579.60 crore IPO, is a strategic move designed to fuel ArisInfra’s growth and expansion in the competitive market of construction materials.…

Mumbai-based on-demand service platform Snabbit has successfully secured $5.5 million (approximately INR 47.6 crore) in a Series A funding round, which was led by Elevation Capital. Existing investor Nexus Venture Partners also participated in the round, alongside prominent angel investors, including Meesho cofounders Vidit Aatrey and Sanjeev Barnwal, Unacademy cofounder Gaurav Munjal, and Spinny’s founder Niraj Singh. This significant funding milestone will allow Snabbit to expand its operations, enhance its service offerings, and reach more customers across Mumbai. Founded with a Vision to Simplify Everyday Chores Founded in 2024 by Aayush Agarwal, who previously served as chief of staff at…

Global Expansion Strategy: Tapping into Emerging Fintech Hubs Indian fintech giant Paytm, under the leadership of its founder Vijay Shekhar Sharma, is actively pursuing its ambitious plan to expand its operations beyond India. In a recent announcement, the company revealed plans to establish three new subsidiaries in key international markets: the UAE, Saudi Arabia, and Singapore. This move is part of Paytm’s overarching strategy to diversify its revenue streams and solidify its presence in emerging global fintech hubs. The company will be setting up these subsidiaries under its wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), which will act as the…

1. The Evolution of Food Delivery: From Convenience to Speed In 2008, Zomato revolutionized how people accessed restaurant menus, but it wasn’t until 2014 when Swiggy introduced door-to-door delivery, that the food delivery experience truly changed. What began as a way to easily browse food options quickly became an integral part of people’s lives. Over time, the focus on food delivery evolved, and the demand for instant gratification took center stage. Fast-forward to today and food delivery services are no longer just about convenience—they’re about speed. Companies are now racing to offer food within 10 to 15 minutes, a shift…

Logistics unicorn Delhivery has recently announced the allotment of 7,71,269 equity shares under its various Employee Stock Option Plans (ESOPs), further enhancing employee ownership and participation in the company. This significant move reflects the company’s ongoing commitment to incentivizing and rewarding its employees, aligning their interests with its long-term growth and success. The company’s shareholders approved the allotment of shares in a meeting held on December 8, 2024. Breakdown of the Allotment The 7.71 lakh equity shares, each with a face value of INR 1, were issued due to the exercise of vested stock options. The shares were allotted under…