Author: Business Matters Author

In a move aimed at boosting employee morale and retention, fintech SaaS unicorn Perfios has introduced a new employee stock option plan (ESOP) called ‘Perfios ESOP 2025-A’. This initiative comes ahead of the company’s highly anticipated initial public offering (IPO), expected to raise $500 million. The company’s board approved the new ESOP scheme during an extraordinary general meeting on February 5, 2025, marking a significant step as Perfios prepares for its market debut. Perfios: A Rising Star in Fintech Perfios, a leading player in the fintech SaaS space, provides cutting-edge solutions for financial data aggregation, analysis, and automation. With a…

Consumer Electronics Brand Moves Closer to Public Listing with Green Light for Initial Public Offering Consumer electronics giant boAt has taken a significant step toward its initial public offering (IPO), as the company’s board has approved the necessary changes to its Articles of Association (AoA). This crucial move clears the path for the company to proceed with its much-anticipated IPO, according to a regulatory filing with the Ministry of Corporate Affairs (MCA). The development marks a milestone in the journey of one of India’s most prominent audio wearables and accessories brands. Approval for Changes in Articles of Association (AoA) The…

Zomato-owned Blinkit has established a dominant position in the rapidly growing quick commerce market, and despite intensifying competition from players like Swiggy Instamart, Zepto, and new market entrants, Blinkit is expected to maintain its leadership. According to Bernstein’s analysis, while the short-term competitive landscape may see aggressive strategies and price wars, Blinkit’s early mover advantage, strong execution, and operational efficiency are key factors that could help it sustain its top position. Quick commerce refers to the delivery of goods, typically groceries, in a matter of minutes, revolutionizing the way consumers shop. This market has seen explosive growth over the past…

Sharan Hegde, the well-known “finfluencer” and co-founder of The 1% Club, has revealed exciting plans to expand the service portfolio of the financial education platform to include a comprehensive range of fintech products. Since its inception in 2022, The 1% Club has carved out a niche for itself as a members-only platform that focuses on financial education, mentorship, and networking. Hegde’s vision to offer a broader array of financial services is set to elevate the platform’s role in empowering individuals to take charge of their financial futures. In an exclusive conversation with Inc42, Hegde disclosed that The 1% Club is…

Pepperfry, one of India’s leading direct-to-consumer (D2C) furniture startups, reported a significant reduction in its net loss for the fiscal year 2023-24 (FY24). The company managed to cut its losses by 37.4%, reducing its net loss to INR 117.5 crore, compared to INR 187.6 crore in the previous fiscal year. While this reduction in losses is a notable achievement, it comes with a major caveat: a sharp drop in the company’s revenue during the same period. Revenue Decline In FY24, Pepperfry’s revenue from operations took a considerable hit, plunging by nearly 31% to INR 188.9 crore. This was a stark…

The Whole Truth, a direct-to-consumer (D2C) startup revolutionizing the healthy snacks market, has successfully raised $15 million (approximately INR 129 crore) in its latest Series C funding round. The round was led by the European investment firm Sofina, alongside participation from existing investors such as Z47, Peak XV Partners, and Sauce.vc. This latest round of funding underscores the increasing demand for healthy and clean eating options, particularly in the fast-growing health-conscious snack sector. The Evolution of The Whole Truth Founded in 2019 by Shashank Mehta, a former Unilever marketing executive, The Whole Truth was initially branded as ‘And Nothing Else’.…

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.…