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PROSUS FISCAL 2025
From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...
- VCs double down on high-growth bets as select startups ratchet up steep valuationsIndian mid-stage startups are seeing significant valuation surges despite a broader funding slowdown, indicating a concentrated pool of hig...
- Rapido's new backer; Blinkit gets funding boostAravind Sanka's Rapido has added a new investor to its ongoing $600 million round. This and more in today's ETtech Top 5.
- Rapido FY25 revenue jumps 44% to Rs 934 crore, loss narrows 30% to Rs 258 croreBengaluru-based Rapido's net loss for FY25 came in at Rs 258 crore, down 30% from the year ended March 2024. This was mainly on a marked im...
- B2B seafood marketplace Captain Fresh withdraws IPO papersCaptain Fresh has pulled its IPO application to prioritise the acquisition of Frime, a leading Spanish tuna producer. This deal features a ...
- Swiggy doubled operating loss in H1 on quick commerce spends: ProsusBetween April-September 2025, the Instamart parent saw its adjusted earnings before interest, taxation, depreciation, and amortisation (Ebi...
- Meesho IPO: Ecommerce platform files updated papers for $800 million IPO; eyes December 2025 listingMeesho IPO scheduled for December 2025. The ecommerce company aims to raise approximately Rs 5,800 to Rs 6,600 crore. This move will make M...
- Urban Company raises Rs 854 crore from anchor investors ahead of IPOUrban Company has secured Rs 854 crore from anchor investors, including GIC, Fidelity, and Norges Bank, ahead of its Rs 1,900-crore IPO lau...
- PayU expects 5% profitability margin in near term as new revenue lines kick inThe digital payments major had reported a 2% operating loss in the financial year 2025. According to CEO Anirban Mukherjee, once the compan...
- PayU India reports Rs 5,778 crore revenue in FY25; remains operationally lossmakingPayU India's payment division achieved breakeven in the second half of fiscal year 2025. Revenue grew due to deeper market penetration and ...
- Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launchRapido is also chalking out plans to enter the insurance distribution space where it could target its driver partners and customers for pro...
- PayU gets final nod from RBI to process online business paymentsThis comes a year after PayU received in-principle approval and more than two years after its licence application was returned by the Reser...
- Prosus has invested $8.6 billion in India, remains a key market: CEO Fabricio BloisiProsus remains bullish on India, having invested $8.6 billion and seeing significant opportunities. Swiggy's successful IPO, where Prosus o...
- PayU’s chief investment officer Vijay Agicha quitsVijay Agicha, chief investment and transformation officer of PayU, has resigned. He may join an investment firm. His departure follows rece...
- Qcomm expands; Black Friday sales growHappy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Dispatch.
- Prosus funds Mintifi, Vastu Finance; Swiggy expands BoltProsus is preparing for a ramp-up in its India IPO pipeline. This and more in today’s ETtech Top 5.
- Prosus invests in Mintifi, Vastu Finance; eyes more India IPOs after Swiggy listingThe company revealed that it has secured 11% stake in supply chain finance firm Mintifi for approximately $80 million. It also acquired 8.4...
- Groww’s $160 million tax payout; PhonePe’s losses fallDespite a significant growth in revenue, Groww posted a net loss in FY24. This and more in today’s ETtech Top 5.
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