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CRED Valuation Soars To $4 Billion As It Raises $251 Million

The fast-growing Credit card payments company CRED has concluded a $251 million financing round and has boosted its value to $4 billion within six months, amid an unprecedented new wave of funding for startups according to media sources. A representative...

PhonePe Revenue in FY21 Soared 85%, Offered ESOPs Worth ₹843 Crore

PhonePe, the market leader in UPI transactions and financial services, announced a significant declined of 44 percent in losses incurred during fiscal 2021 (FY21), on a stand-alone basis, compared to the previous fiscal. Losses from operations, excluding expenses related to...

Amazon’s Road To Profitability in India: Copy Products, Rigg Search Results To Promote Its Own Brands!

Amazon.com Inc has been repeatedly accused of copying other brands' products it sells through its website, and of using its massive collection of internal information to market products of its own brands at the cost of merchants. Amazon, of course,...

Forbes India Richest People 2021: Cumulative Wealth Increased 50% YoY

Forbes has published the list of India's richest people titled "The 100 Richest Indians 2021". Surprisingly, the cumulative wealth of India's top 100 wealthiest people surged a whopping 50% YoY, to $775 billion in 2021. This represents a massive...

Amazon, Flipkart Festive Season Sale 2021: Expected To Break All Previous Records

The much-awaited Indian festive season has finally kicked off on Sunday, October 3, 2021. India's two biggest e-commerce giants Flipkart and Amazon have begun their respective flagship sales, Big Billion Days and Great Indian Festival. Customers of Flipkart Plus...

PE-VC Investments In India 2021: Whopping 52% YoY Increase to Record $49 Billion

There are raining investments in Indian companies! Both private equity and venture capital investments in Indian companies have reached an all-time high in 2021, breaking all previous years' records. The Private Equity - Venture Capital (PE-VC) firms have so far...

Sony Zee Merger In India: Could Change the Dynamics of Indian Media Industry!

India's two biggest media networks Sony Pictures Networks India (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) announced their merger, wherein the former will infuse $1.575 billion (~ Rs 11,615 crore) in the merged entity for future growth opportunities. On September...

Average Salary Hike In India: 8.6% In 2022, IT Sector Will Offer the Highest [REPORT]

The latest Deloitte’s Workforce and Increment Trends 2021 survey has addressed salary increment by industry, bonus or variable pay plans, return to work strategy, and the employee attrition rate in India. More than 450 organizations across seven sectors and 24...

Aadhaar-PAN Card linking Deadline Extends!

: The deadline for linking Aadhaar with PAN has been extended by six months, from September 30, 2021 to March 31, 2022. It's important to note that the Central Government has been extending the time limit for Aadhaar PAN...

India Smart TV Market Q2 2021: Xiaomi Maintained Its Lead With 23% Share [REPORT]

Due to the Covid-19 lockdown, the need for home entertainment increased dramatically, as a result, the adoption of television, particularly smart TVs, has also increased. Therefore, all OEMs are trying to capitalize on the situation by offering high-spec smart...

Latest News

CRED Valuation Soars To $4 Billion As It Raises $251 Million

The fast-growing Credit card payments company CRED has concluded a $251 million financing round and has boosted its value...