Author: Business Matters Author

Electric two-wheeler manufacturer, Ather Energy, is making significant strides toward its much-anticipated Initial Public Offering (IPO), with reports suggesting a target valuation of $1.6 billion. The startup, known for its innovative and eco-friendly electric scooters, is aiming for a public listing either in March or April 2025. This move is expected to further solidify Ather Energy’s position as one of the leading players in India’s rapidly growing electric vehicle (EV) market. Ather Energy’s IPO: What to Expect? Ather Energy has been one of the most talked-about startups in the electric vehicle sector, and its IPO has generated immense interest. The…

In a significant legal breakthrough, Zepto, the fast-growing quick commerce startup, has won a crucial trademark dispute case. The Delhi High Court recently ruled in favor of Zepto’s parent company, Kiranakart, allowing the removal of the ‘Zepto’ trademark from the register. This landmark decision ends a year-long legal battle over the ownership of the name, which has become synonymous with rapid grocery delivery services in India. Read Also :- Unilever CEO Predicts Quick Commerce Will Drive Significant Growth for HUL in India Background of the Trademark Dispute The legal conflict began when Kiranakart filed a rectification petition to have the…

Unilever’s Vision for Quick Commerce in IndiaThe rise of quick commerce (q-commerce) is changing the retail landscape in India, and Unilever’s new CEO, Fernando Fernandez, believes that this innovative channel will significantly contribute to the growth of Hindustan Unilever Ltd (HUL). Fernandez predicts that q-commerce will account for 10% to 15% of HUL’s revenue in the coming years, driven by the fast-paced demand for consumer goods and evolving shopping behaviors in the country. Q-Commerce’s Rapid Growth in IndiaSpeaking at a recent Barclays event, Fernandez noted that quick commerce’s contribution to e-commerce sales in India has been doubling year on year.…

Beauty and personal care startup indē wild has successfully raised $5 million (approximately INR 43.5 crore) in a new, undisclosed funding round. This round was led by Unilever Ventures, with additional support from existing investors SoGal Ventures and True. The investment marks a significant milestone for indē wild as it continues to grow its Ayurvedic-inspired skincare and haircare offerings, signaling its potential to disrupt the global beauty industry with a strong emphasis on natural ingredients and holistic wellness. The company’s CEO, Oleg Büller-Khosla, expressed his gratitude for the investment and collaboration, stating, “Unilever Ventures’ investment in indē wild and this…

Mumbai-based healthtech startup, Truemeds, is making waves in the Indian pharmaceutical space with its innovative platform that helps consumers find alternative, cost-effective medicines by simply uploading their prescriptions. The company has announced plans to raise INR 375.2 crore (approximately $44 million) in a fresh funding round, with the investment being led by Accel India VII (Mauritius) Ltd. This funding round is a crucial milestone for Truemeds, helping it scale its operations and extend its impact in India’s rapidly growing digital healthcare market. Read Also :- Policybazaar’s Parent PB Fintech Hits Record High, Market Value Nears $12 Billion What is Truemeds?…

In a significant development for India’s semiconductor and electronics manufacturing sector, Jabil, a major Apple vendor, has announced plans to set up a cutting-edge silicon photonics manufacturing facility in Gujarat. The company has committed an investment of approximately $125 million (INR 1,000 crore) for the new plant, signaling a major step forward in the nation’s pursuit of becoming a global leader in high-tech manufacturing. The announcement was made during the ongoing IESA Vision Summit, a premier semiconductor conference being held in Gandhinagar, Gujarat’s capital. The MoU (Memorandum of Understanding) between Jabil and the Gujarat government is a major milestone in…

In a landmark development within the fintech sector, Jio Financial Services (JFS) has announced the acquisition of the entire stake held by the State Bank of India (SBI) in Jio Payments Bank Ltd (JPBL). The INR 104.54 crore deal positions JFS to take full control of JPBL, making it a wholly owned subsidiary. This acquisition will not only enhance JFS’s position in the digital banking space but also reshape India’s financial ecosystem as JFS aims to expand its influence within the rapidly growing fintech market. Strengthening Control over Jio Payments Bank Jio Financial Services, which already owned an 82.17% stake…

In a move to further solidify its position in the competitive men’s wear market, direct-to-consumer (D2C) brand XYXX has sought approval from its shareholders to raise INR 29.8 Crore (approximately $3.4 Million) in a funding round. The round is being led by Niveshaay Sambhav Fund, a venture fund that primarily supports growing businesses in the Indian market. The fresh capital is set to fuel XYXX’s growth ambitions, including expanding its product offerings, ramping up its technology infrastructure, and enhancing its business operations. XYXX’s Growth Trajectory and Business Model Founded in 2017 by Yogesh Kabra, XYXX is a rapidly growing D2C…

Uber, the global ride-hailing giant, has introduced an exciting new feature called “Uber for Teens,” which is currently being piloted in major cities across India. This service is a game-changer for teenagers, particularly those between the ages of 13 and 17, as it allows them to independently book rides through the Uber app. With this new offering, Uber is aiming to provide a safe and convenient solution for teenagers who may need to travel without their parents or guardians. A New Era of Independent Travel for Teens The ride-hailing service, which is still in its pilot phase, has launched in…

PB Fintech, the parent company of prominent platforms like Policybazaar and Paisabazaar, is experiencing a significant leadership reshuffle. This shake-up, which follows a period of intense growth and transformation, has raised questions about the company’s future direction. As it moves forward with its ambitious plans to expand its footprint in the fintech sector, leadership changes have become a crucial part of the company’s strategy to remain competitive and relevant. 1. Departure of Key Executives PB Fintech’s leadership restructuring began with the exit of several high-level executives, including those from the company’s core teams. The departures are part of a broader…