BharatPe and Ashneer Grover End Bitter Feud:

BUSINESS NEWS | Foundr MAGAZINE Oyo Acquires Motel 6 Parent Company in $525 Million Deal By Ritwik Ghosh,Kolkata India Strategic Move to Dominate the North American Economy Hotel Market Indian hospitality giant Oyo has made a significant stride in its...

BUSINESS NEWS | Foundr MAGAZINE Swiggy Introduces Incognito Mode for Discreet Food and Instamart Orders By Ritwik Ghosh,Kolkata India A Private Ordering Experience Food delivery giant Swiggy has recently unveiled a new feature called “Incognito Mode,” designed to cater to...

BUSINESS NEWS | Foundr MAGAZINE Zomato Takes a Bite Out of Paytm: Acquires Entertainment Ticketing Business for ₹2,048 Crore By Ritwik Ghosh,Kolkata India In a strategic move that could redefine the Indian entertainment landscape, Zomato, the leading food delivery platform...

BUSINESS NEWS | Foundr MAGAZINE Google Cloud has Unveiled Plans to Establish a Startup Hub and Center of Excellence in Madhya Pradesh By Ritwik Ghosh,Kolkata India In a significant development for India’s startup ecosystem, Google Cloud has unveiled plans to...

BUSINESS NEWS | Foundr MAGAZINE Tata’s INR 27,000 Crore Bet on Assam to Fuel India’s Semiconductor Dream By Mid-2025 By Ritwik Ghosh,Kolkata India India’s Chipmaking Ambitions Get a Boost Tata Group, India’s industrial behemoth, is set to play a pivotal...

BUSINESS NEWS | Foundr MAGAZINE Nazara Technologies Expands Global Reach with New UK Subsidiary By Ritwik Ghosh,Kolkata India Gaming giant Nazara Technologies has announced the establishment of a new subsidiary, Nazara Technologies UK Ltd, in the United Kingdom. This strategic...

BUSINESS NEWS | Foundr MAGAZINE Foxconn’s Strategic Move: Assembling Apple iPads in India to Boost Local Manufacturing By Ritwik Ghosh,Kolkata India In a strategic move to diversify beyond manufacturing iPhones and AI servers, Apple supplier Foxconn is reportedly set to...

BUSINESS NEWS | Foundr MAGAZINE Google Partners with Anant Raj to Revolutionize Cloud Computing and Data Centre Infrastructure in India By Ritwik Ghosh,Kolkata India Tech giant Google has signed a memorandum of understanding (MoU) with real estate developer Anant Raj...

BUSINESS NEWS | Foundr MAGAZINE Ola Maps Introduces Competitive Pricing to Challenge Google Maps: Key Details and Benefits By Ritwik Ghosh,Kolkata India Ola founder Bhavish Aggarwal’s AI startup Krutrim has announced a new pricing policy for Ola Maps, offering a...

BUSINESS NEWS | Foundr MAGAZINE Alphabet’s Strategic Leap: $23 Billion Cybersecurity Acquisition in the Works By Ritwik Ghosh,Kolkata India Google’s parent company, Alphabet Inc., is reportedly in discussions to acquire cybersecurity upstart Wiz Inc., as revealed by a source privy...

BUSINESS NEWS | Foundr MAGAZINE Bhavish Aggarwal strategy: OLA shift from Google Maps to Ola Maps and save 100cr By Ritwik Ghosh,Kolkata India Bhavish Aggarwal, the visionary behind Ola, is galvanizing developers to transition from Google Maps to Ola Maps...

BUSINESS NEWS | Foundr MAGAZINE Koo’s Swan Song: An End to the Desi Twitter Rival By Ritwik Ghosh,Kolkata India In an unexpected turn of events, Koo, the vernacular microblogging beacon once touted as India’s answer to Twitter, has ceased its...

BUSINESS NEWS | Foundr MAGAZINE IBM and Gujarat Government Collaborate to Establish AI Cluster at GIFT City By Ritwik Ghosh,Kolkata India The Gujarat government has entered into a memorandum of understanding (MoU) with IBM to create an artificial intelligence (AI)...

BUSINESS NEWS | Foundr MAGAZINE Flipkart’s Video Commerce Triumph: 75 Million Engaged Users in H1 2024 By Ritwik Ghosh,Kolkata India E-commerce behemoth Flipkart heralded an impressive milestone, revealing that users collectively invested over 2 million hours in its video commerce...

BUSINESS NEWS | Foundr MAGAZINE GST Council Approves Key Compliance Reforms, Focuses on Simplifying Tax Processes By Ritwik Ghosh,Kolkata India In its recent conclave, the Goods and Services Tax Council eschewed major discussions in favor of ratifying a plethora of...

BUSINESS NEWS | Foundr MAGAZINE Ola Electric Secures SEBI Approval for $660 Million IPO By Ritwik Ghosh,Kolkata India After a half-year wait subsequent to submitting a draft red herring prospectus (DRHP), Ola Electric has finally garnered approval from the Securities...

BUSINESS NEWS | Foundr MAGAZINE Zomato and Paytm are in preliminary discussions for Zomato to acquire Paytm’s movies and ticketing business By Ritwik Ghosh,Kolkata India Zomato, a major player in the foodtech industry, has confirmed ongoing discussions with Paytm to...

BUSINESS NEWS | Foundr MAGAZINE Jupiter Secures RBI Wallet License: A New Horizon for Neobanking By Ritwik Ghosh,Kolkata India Bengaluru’s innovative neobanking venture, Jupiter Secures RBI Wallet License from the Reserve Bank of India (RBI). This significant achievement empowers the...

BUSINESS NEWS | Foundr MAGAZINE Unacademy Co-Founder Hemesh Singh Steps Down as CTO to Embrace Advisory Role By Ritwik Ghosh,Kolkata India Hemesh Singh, co-founder and Chief Technology Officer (CTO) of Unacademy, has announced his departure from the executive role at...

BUSINESS NEWS | Foundr MAGAZINE BYJU’S Drastically Reduces New Sales Staff Salaries by Over 90% By Ritwik Ghosh,Kolkata India Amidst financial constraints, BYJU’S has implemented a sweeping reduction in the fixed salaries for new sales recruits by more than 90%...

BUSINESS NEWS | Foundr MAGAZINE The Looming Threat of Jio to Fintech Startups By Ritwik Ghosh,Kolkata India In India’s financial technology narrative, a singular application has emerged as the nexus of multiple services. Now, Jio Financial Services (JFS) is set...

BUSINESS NEWS | Foundr MAGAZINE Space Startup Agnikul Cosmos Achieves Milestone with AI-Enhanced 3D-Printed Rocket Engine Launch By Ritwik Ghosh,Kolkata India Indian space startup Agnikul Cosmos has successfully launched its first sub-orbital test vehicle, powered by the world’s first single-piece...

BUSINESS NEWS | Foundr MAGAZINE BharatPe and PhonePe Resolve Trademark Disputes Over ‘Pe’ Suffix By Ritwik Ghosh,Kolkata India In a notable resolution, fintech titans BharatPe and PhonePe have harmoniously concluded their protracted legal skirmishes concerning the ‘Pe’ suffix trademark. These...

BUSINESS NEWS | Foundr MAGAZINE Airtel Payments Bank Achieves 60% Increase in FY24 Profit, Deposits Exceed INR 2,801 Crore By Ritwik Ghosh,Kolkata India Airtel Payments Bank has reported an impressive growth in net profit, which surged by over 60% to...

BUSINESS NEWS | Foundr MAGAZINE CFO Karthik Gupta of Ola Cabs Steps Down Seven Months into Tenure By Ritwik Ghosh,Kolkata India Karthik Gupta, the Chief Financial Officer of ANI Technologies, the parent conglomerate of Ola Cabs, has tendered his resignation...

BUSINESS NEWS | Foundr MAGAZINE LinkedIn Fallout: Ola CEO Aggarwal Chooses Krutrim AI Cloud Over Azure By Ritwik Ghosh,Kolkata India Bhavish Aggarwal, the visionary behind unicorn startups Ola Cabs, Ola Electric, and Krutrim AI, made headlines on Saturday, May 11...

BUSINESS NEWS | Foundr MAGAZINE Celestial Endeavors: Asian Development Bank’s Potential Investment in India’s Space Sector By Ritwik Ghosh,Kolkata India Amidst the realm of financial prospects, the Asian Development Bank unveils a willingness to invest in India’s celestial endeavors, as...

BUSINESS NEWS | Foundr MAGAZINE Google Shifts Core Jobs to India Amid Global Restructuring By Ritwik Ghosh,Kolkata India Google is set to transfer certain job roles from its ‘core’ teams in the United States to India, according to reports. Internal...

BUSINESS NEWS | Foundr MAGAZINE Charting India’s Startup Odyssey: Union Minister Jitendra Singh’s Insights By Ritwik Ghosh,Kolkata India Initiating from a modest tally of approximately 350 startups in 2014, the Indian entrepreneurial ecosystem has burgeoned remarkably over the past ten...

BUSINESS NEWS | Foundr MAGAZINE Stricter KYC Guidelines for Payment Aggregators: Will They Stifle MSME Growth By Ritwik Ghosh,Kolkata India The Reserve Bank of India’s (RBI) proposed a stricter KYC guidelines (Know Your Customer) for Payment Aggregators (PAs) could significantly...