Author: Business Matters Author

In a significant development within India’s startup ecosystem, women-only community platform Leap.club has announced that it is halting all operations. The decision comes after the startup raised $2.3 million in funding since its inception in 2020, but struggled with the high cost of customer acquisition and member retention challenges. The announcement was made via the company’s official Instagram and LinkedIn pages, where the founders shared an emotional note explaining the reasons behind the shutdown. Despite building a strong community and offering curated events and networking experiences, the company admitted that the financials simply didn’t add up. “We would like to…

In a significant development reflecting the impact of geopolitical tensions on travel patterns, Indian travel giant MakeMyTrip has reported a 60% decline in bookings to Turkey and Azerbaijan over the past week. The company has also witnessed a dramatic 250% surge in trip cancellations to these destinations, underlining a growing sentiment among Indian travelers to avoid these countries amid ongoing diplomatic strains. This sharp decline comes in the wake of increasing calls across social media and public platforms urging Indian citizens to boycott travel to Turkey and Azerbaijan. These calls have intensified following Operation Sindoor, India’s recent strategic military operation.…

Celebal Technologies, a prominent IT services and AI solutions provider, has successfully raised $15 million (approximately INR 127.2 crore) in its Series B funding round. The investment was led by InCred Growth Partners Fund-I and Norwest Capital, LLC, signaling strong investor confidence in Celebal’s growth trajectory and innovative capabilities. Strategic Funding to Power Global Expansion The Jaipur-headquartered company plans to strategically deploy the fresh capital to expand its footprint in key international markets, including North America and Europe. With the global demand for AI and data-driven digital transformation accelerating, Celebal Technologies aims to strengthen its market presence and scale delivery…

In a strong and symbolic move, popular online travel aggregator Ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan, following these nations’ public expression of solidarity with Pakistan in the aftermath of India’s military action, Operation Sindoor. The announcement came directly from Aloke Bajpai, the Chairman, Managing Director, and Group CEO of Ixigo, through a post on social media platform X (formerly Twitter). “Enough is Enough”: Ixigo Takes a Stand Aloke Bajpai’s bold post read, “Enough is Enough! Blood and bookings won’t flow together. We are suspending all flight and hotel bookings for Turkey, China and…

Swiggy Instamart, the quick commerce arm of Indian food delivery giant Swiggy, reported a significant surge in losses for Q4 FY25, driven by increased spending on marketing and the rapid expansion of its dark store network. As competition intensifies in the fast-growing quick commerce segment, Swiggy is focusing on building scale and brand recall—moves that are proving costly in the short term. According to financial disclosures, Swiggy Instamart’s adjusted EBITDA loss widened sharply to INR 840 crore in the fourth quarter, marking a 45.3% increase from INR 578 crore in Q3 FY25. On a year-on-year basis, the loss grew a…

In a significant milestone for India’s edtech sector, Vedantu, one of the country’s pioneering live online tutoring platforms, has achieved profitability in Q4 of FY25, according to co-founder and CEO Vamsi Krishna. The company posted a 67% year-on-year (YoY) growth in collections for the March quarter, reaching INR 90 crore, marking a pivotal moment in its journey toward financial sustainability and long-term growth. A Landmark Quarter for Vedantu Sharing the update via a LinkedIn post, Vamsi Krishna expressed his excitement over the company’s performance, noting that Q4 FY25 was not even the company’s peak quarter. This suggests that the best…

Artificial Intelligence leader OpenAI has rolled out data residency support in India, along with other major Asian markets including Japan and South Korea. This strategic move allows users and organizations in these regions to store their data locally, aligning with national data protection and data sovereignty requirements. With rising concerns about data privacy and regulatory compliance, especially in countries with strict data localization laws, OpenAI’s new data residency offering is a significant step toward building trust and expanding accessibility for its powerful AI tools. Read More :- BlissClub Raises INR 33 Cr in Pre-Series B Round Led by Elevation Capital…

Women-centric direct-to-consumer (D2C) apparel brand BlissClub has successfully raised INR 33 crore in a Pre-Series B funding round. The investment was led by Elevation Capital, with additional participation from Eight Roads Ventures. The funding marks a strategic milestone for the Bengaluru-based startup as it continues to expand its footprint in the women’s activewear and lifestyle apparel market. According to regulatory filings with the Registrar of Companies (RoC), BlissClub’s board approved a special resolution on April 29, 2025, to issue 16,076 compulsory convertible preference shares (CCPS) at a premium price of INR 20,428 per share. The capital infusion is expected to…

In a significant move aligning with Apple’s strategy to diversify its supply chain beyond China, Apple supplier Jabil is reportedly planning to ramp up production of AirPods components in India. The expansion plan involves establishing a second facility in Tiruchirappalli (Trichy), Tamil Nadu, which will further boost the manufacturing of AirPods enclosures—commonly referred to as the plastic bodies of the popular wireless earphones. This development follows Jabil’s earlier move in 2023 to commence manufacturing AirPods components at its facility in Pune, Maharashtra. Since then, Jabil has been actively shipping AirPods enclosures from India to Apple’s assembly hubs in China and…

Reliance Jio, one of India’s leading telecom giants, has reportedly commenced the deployment of its own domestically developed 5G network products across the country. This strategic move marks a significant shift in the company’s approach to building and maintaining its next-generation mobile network infrastructure. By leveraging indigenous technologies, Jio aims to significantly reduce operational costs and decrease its reliance on global network equipment suppliers such as Ericsson and Nokia. Read Also :- Zomato Shuts Down Quick Delivery and Everyday Meal Services Amid Profitability Concerns Since the rollout of 5G in India, Reliance Jio had partnered with international technology providers to…