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Mobileware Technologies Raises INR 15.6 Crore from Zaggle

TFW Bureau Sep 27 2024 - 2 min read

Mobileware Technologies, a known name for digital payment solutions, has secured an investment of INR 15.6 crore from Zaggle, a prominent player in the fintech and SaaS space. Lastaki Advisors and Khaitan & Co were the advisors to Mobileware for the transaction.The newly acquired funds will be utilized to expand the ...

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Nishant Pitti, promoter of EaseMyTrip, sells 14% stake for Rs 920 cr

TFW Bureau Sep 26 2024 - 1 min read

Nishant Pitti, one of the promoters of Easy Trip Planners has divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip ...

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U.S. Polo Assn., now available on Zepto

TFW Bureau Sep 25 2024 - 1 min read

Zepto is now ready to deliver even fashion wear in no time! U.S. Polo Assn. (USPA), the official brand of the United States Polo Association, is collaborating with Zepto operators to bring its exclusive collection to the platform. Zepto is expanding its offering to include premium apparel and fashion, starting with USPA.

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OYO estimates EBITDA to cross Rs 2,000 cr in FY26 with Motel 6 acquisition

TFW Bureau Sep 25 2024 - 2 min read

The EBITDA of IPO-bound travel tech platform OYO is expected to cross Rs 2,000 crore in 2025-26 with the American budget hotel chain Motel 6 adding substantially to its topline, according to documents. The travel tech unicorn estimates that Motel 6 will add over Rs 630 crore to its EBITDA (Earnings Before Interest, Taxes, ...

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How leading venture capitalists evaluate potential startups

TFW Bureau Sep 24 2024 - 5 min read

Venture capital investments have been the driving force behind the success of high-growth startups globally since 1975. Initiated at Wall Street, the first VC schemes in India were introduced in the late 1980s, when the Government of India granted legal status to these schemes. However, the subsequently established VC firms primarily operated within risk capital, ...

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Barista coffee opens 450th cafe in Kandaghat, Himachal Pradesh

TFW Bureau Sep 24 2024 - 1 min read

Barista Coffee, a known name in India’s coffee sector, has announced the opening of its 450th outlet in the country. The latest cafe has opened in Kandaghat, Himachal Pradesh. The brand is expanding not only in India but also in countries such as Sri Lanka and Maldives. “We are delighted to open our 450th store ...

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