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CULT.FIT IPO
Curefit reports 31% increase in revenue in FY25, Ebitda losses narrowThe growth was driven by rising same store sales; expansion of its service business, which includes group classes, personal training, and g...- Rs 14 crore to Rs 390 crore! Facebook's early investor strikes gold again, this time with Urban Company IPOAccel’s early investment in Urban Company turned Rs 14.3 crore into a Rs 390 crore payout after the home services platform debuted with a 5...
- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- UPI’s rural push; India as software IPO destinationHappy Wednesday! The country’s central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in today’s E...
- Cultfit elevates Naresh Krishnaswamy as CEO, Mukesh Bansal takes on executive chairman roleNaresh Krishnaswamy was previously the head of fitness services at Cultfit. He has been running all key operations at the firm since cofoun...
- Amazon Pay secures payment aggregator licence; Krutrim AI’s chatbotAmazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s ETtech Top 5.
- Byju’s rights issue at $500 million valuation; what’s hurting cloud kitchens?Happy Wednesday! Beleaguered edtech major Byju’s finally filed its much-delayed audited FY22 results with the Registrar of Companies. It’s ...
- Rishi Navani’s Epiq Capital closes second fund at $225 millionThe venture capital firm has already backed startups such as eyewear retailer Lenskart, news aggregator Dailyhunt, fitness platform Cultfit...
- ET Startup Awards, Infosys kind of allows moonlighting and other top storiesETSA comes at a time when the global tech startup ecosystem is surrounded by economic and geopolitical turmoil. The volatility in valuation...
- India to drive cloud demand: SAP; Cult.fit eyes IPO in 12-18 monthsTerming India “one of the fastest growing markets (for SAP) in enterprise and mid-market segment,” Scott Russell, executive board member, c...
- Fitness startup Cult.fit shaping up for public listing in 12-18 monthsThe company - which counts Tata Digital and Zomato as investors - is doubling down on its core fitness and fitness products business for no...
- Zerodha’s revenue & profits soar; Tata Neu’s tech fix; and CoinDCX’s valuation doublesZerodha’s cofounder Nithin Kamath spoke to ETtech exclusively and gave us a lowdown on the latest financials at the country’s largest onlin...
- India’s war on the internetIn it, IFF highlighted that internet shutdowns are extremely common in India, citing reports by Top10VPN and Access Now, and data from the ...
- Aditya Kondawar on what is ailing Zomato and other new tech stocks“The kind of acquisitions that Zomato has done recently may not necessarily fit into the whole delivery ecosystem. Zomato disclosed that th...
- Startups go all out to attract talent; Lightspeed chases growth dealsIndian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in and retain ta...
- Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on GlanceWhile it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pande...
- Why HNI investors are flocking to startupsToday, India is the 3rd largest startup ecosystem after the US and China, with more than 60K startups, which is bound to attract global cap...
- BigBasket founders get management stock grants, Bansal joins e-grocer's boardBigBasket's founders - Hari Menon, Vipul Parekh and VS Sudhakar - have been given a new set of 'management stock options' or Msops, followi...
- Startup founders plot Tata's digital pushThe Tata Group, which recently boosted its consumer internet play with the acquisitions of BigBasket and 1mg, and a minority investment in ...
- Crash boom bangFrom Indian crypto exchanges struggling during the bitcoin crash to the biggest shakeup at ByteDance and smartphone makers going in hiberna...
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