Author: Business Matters Author

In the dynamic world of edtech, even significant growth in revenue doesn’t always translate into profitability—a reality that CollegeDekho, a leading higher education services platform, is currently grappling with. The parent company, Girnarsoft Education Services Pvt Ltd, reported a consolidated net loss of INR 128.8 Cr for the financial year 2023-24 (FY24), highlighting the ongoing challenges in the edtech sector. Marginal Decline in Losses Despite Revenue Surge The reported loss of INR 128.8 Cr in FY24 reflects a marginal decline of 0.3% compared to INR 129.1 Cr in FY23. While this slight reduction might seem like a positive trend, it…

Bengaluru-based cleantech startup, The Energy Company, has successfully raised $2 million (approximately INR 17.4 crore) in its Pre-Series A funding round. This infusion of capital will be pivotal in the company’s ambitious plans to drive the widespread adoption of electric vehicles (EVs) and develop cutting-edge battery intelligence solutions for fleet operators. The company aims to tackle some of the most pressing challenges in the EV ecosystem, focusing on improving battery efficiency, longevity, and overall performance. A Leap Forward for Electric Mobility The funding round has attracted a significant amount of interest due to The Energy Company’s innovative approach in a…

Omnichannel eyewear retailer LensKart is making significant strides toward becoming a publicly traded company. The popular Indian eyewear startup, known for revolutionizing the eyewear shopping experience both online and offline, has reportedly initiated the process of launching its Initial Public Offering (IPO). LensKart plans to file its draft papers with the Securities and Exchange Board of India (SEBI) by May 2025, marking an important milestone in its growth journey. The announcement has captured the attention of the business world, as LensKart is eyeing a valuation of $10 billion (approximately INR 86,765 crore) for its IPO. This valuation is a significant…

Rebel Foods Enters 15-Minute Food Delivery Segment with QuickiES App Rebel Foods, the cloud kitchen unicorn preparing for its IPO, is making waves in the food delivery sector by venturing into the fast-paced 15-minute food delivery market. This move is aimed at competing directly with foodtech giants like Zomato and Swiggy, which currently dominate the online food delivery space in India. Through the launch of its innovative app, QuickiES, Rebel Foods intends to redefine the speed at which food reaches consumers and expand its portfolio of brands that customers can enjoy in a fraction of the time it usually takes.…

Introduction to Anscer Robotics and Its Vision Anscer Robotics, a Bengaluru-based deep-tech startup, has raised $2 million in a seed funding round led by Info Edge Ventures. Founded in 2020 by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, the company specializes in developing autonomous mobile robots (AMRs) tailored for industries such as warehouses, manufacturing plants, and logistics centers. With a strong emphasis on automation, Anscer Robotics is striving to revolutionize the logistics and manufacturing sectors by offering innovative solutions to enhance operational efficiency. The latest funding round aims to accelerate the company’s growth by enabling it to expand…

The Indian ice cream industry, once dominated by traditional, sugar-laden options, is experiencing a refreshing transformation. With the growing trend toward healthier and cleaner eating habits, a new generation of consumers is craving indulgent treats without guilt. Leading this revolution is Go Zero, a brand that is carving a unique niche by offering high-protein, low-calorie, sugar-free, and plant-based ice creams. Founded by Kiran Shah, a seasoned industry expert, Go Zero is reimagining the way India experiences frozen desserts. The Rise of Health-Conscious Consumers In a world where people are increasingly aware of the importance of health and fitness, the demand…

Solv, the B2B digital marketplace backed by the State Bank of India (SBI), is reportedly in advanced discussions to merge with Jumbotail, a Bengaluru-based B2B company that has carved a niche in the grocery and food sector. The merger, valued at around $50 million (approximately INR 425 crore), is expected to be a mix of both cash and equity. This move will likely reshape the dynamics of the digital B2B marketplace landscape in India. Details of the Deal The potential merger comes at a time when the B2B e-commerce market is growing rapidly, with businesses increasingly looking for digital platforms…

Bengaluru-based banking technology unicorn Zeta has successfully raised $50 million (INR 434.3 Cr) in a fresh funding round, led by healthcare giant Optum. This investment places Zeta’s valuation at an impressive $2 billion, a significant milestone for the company that has been making waves in the banking technology sector. Founded in 2015 by industry veterans Ramki Gaddipati and Bhavin Turakhia, Zeta has grown rapidly and is now seen as a leading player in the world of fintech. Zeta’s Vision and Impact on Banking Technology Zeta’s mission is clear: to become a trusted partner for financial institutions, providing innovative technology solutions…

P-TAL, the direct-to-consumer (D2C) startup that gained recognition on the popular reality show Shark Tank India, is in advanced discussions to raise INR 30 Crores (approximately $3.5 million) in its pre-Series A funding round. The funding will come from both existing investors and a new investor. The infusion of capital will be used to fuel the company’s growth plans, which include expanding its footprint in India and the United States. Expanding Horizons P-TAL, which was founded in 2019 by entrepreneurs Aditya Agrawal, Kirti Goel, and Gaurav Garg, specializes in selling premium brass and copper utensils. The brand was built on…

Shares of Delhivery, a prominent player in India’s logistics sector, saw a notable dip on January 28, 2025, with the stock sliding 2.27% to a fresh 52-week low of INR 306.50 during intraday trading on the Bombay Stock Exchange (BSE). This marks another chapter in a streak of negative performance for the stock, which has faced downward pressure for several consecutive sessions. In this article, we take a closer look at the recent trends in Delhivery’s stock price, its performance over the short and long term, and potential reasons behind the decline. Recent Stock Movement: A Fresh 52-Week Low On…