In venture capital (VC), key personnel changes can significantly impact a fund’s strategy, decision-making, and overall performance. For Limited Partners (LPs), assessing these shifts is crucial as they can alter the risk profile and investment focus of the fund. 🤝 🔸 LPs must evaluate these transitions carefully, ensuring alignment with the original investment thesis and safeguarding their interests under AIF regulations. This chapter explores these risks, their effects on portfolio companies, and the importance of due diligence. 🔸This article is co-authored by Anup Jain & Rajeev Suri, Founder Partners BlueGreen Ventures. 🔗Read the full article here - #VentureCapital #LP #LimitedParters #Investments #Funding #expansion

Venture capital firm Peak XV has offloaded over 1% stake in Nasdaq-listed SaaS major Freshworks for $52 Mn (around INR 454 Cr), as per a US Securities and Exchange Commission (SEC) filing. 🔸The company has sold nearly 2.9 Mn shares though multiple market transactions between December 9, 2024 and January 28, 2025. These shares were priced between the range of $17 and $19.20 apiece. 🔸Freshworks’ founder and executive chairman Girish Mathrubootham sold 2.5 Mn shares of the company worth approximately $40 Mn in December last year. 🔗Read the full article here - #news #Inc42 #VentureCapital #PeakXV #stake #SaaS #Shares #stockmarket #startupnews #investment #expansion

The National Company Law Tribunal (NCLT) on Monday (February 11) reportedly directed the Board of Control for Cricket in India (BCCI) to submit its application to settle its insolvency dispute with BYJU’S to the troubled edtech’s newly constituted committee of creditors (CoC). 🔸During the hearing, advocate Srinivasa Raghavan, appearing for the creditors, argued that the outgoing RP Pankaj Srivastava was not “conducting himself properly” 🔸Meanwhile, the NCLT also directed the concerned parties to file an appropriate application to bring various facts on record. Read the full article here - #NCLT #BYJUS #CoC

Hacked crypto exchange WazirX has completed rebalancing of net liquid assets on the platform as part of a restructuring scheme, which will potentially allow users to receive stolen crypto as early as April 2025 if approved by creditors. 🔸 In a post on X, WazirX said it has introduced a preliminary creditor list and a snapshot of user balances as of July 18, 2024, when hackers attacked one of its wallets and stole $235 Mn worth of crypto. 🔸 “Creditors can now check their claim amount in USD using a unique UUID. The list is ordered by descending value of claims and can be searched using the UUID,” the post read. Read the full article here - #Crypto #WazirX #Liquidity #Creditors #Assets #Financials

Online travel aggregator Yatra’s consolidated profit after tax (PAT) skyrocketed 845% to INR 10 Cr in the December quarter of the fiscal year 2024-25 (Q3 FY25) from INR 1.05 Cr in the year-ago period, led by robust growth in its hotels and packages business.⚡ 🔸 The corporate travel services provider saw its operating revenue zoom 113% to INR 235.25 Cr in Q3 FY25 from INR 110.34 Cr in the year-ago quarter. Sequentially, operating revenue fell marginally by 0.4% from INR 236.40 Cr. 🔸 Yatra cofounder and CEO Dhruv Shringi said the corporate travel business continued to be a key growth driver. The company onboarded 50 new corporate clients in Q3 FY25—a quarterly record—with a billing potential of about INR 280 Cr. 🔗Read the full article here - #news #Inc42 #Yatra #TravelAggregator #financialnews #financial #tech #traveltech #startupnews #startup #businessnews #business

Market intelligence company Tracxn reported a net profit of INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25), down 36% from INR 2.22 Cr in the same quarter of previous fiscal👇 The company had posted a loss of INR 4.66 Cr in the preceding September quarter of FY25. In Q2 FY25, Tracxn’s management “reassessed the recoverability of deferred tax assets on carry forward business losses based on the availability of future taxable profits and reversed deferred tax assets”. This led to an additional burden of INR 6.35 Cr on its bottom line. “Management has reviewed the recoverability of such deferred tax assets as at December 31, 2024 and concluded that no further adjustment is required in this regard,” the company said. Meanwhile, its revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s top line was almost flat. To read the in-depth article, click here: #news #tracxn #financials

Amid the re-entry of fashion brand Shein in India and debate about its impact on the competition, beauty ecommerce major Nykaa has said that it expects no impact on its business. 🔸 In a post-earnings call, Nykaa founder and CEO Falguni Nayar highlighted that Shein is present in only one category in an expansive fashion landscape. 🔸 “The market is very wide, and no one brand can dominate it. We believe that Shein’s return should not have much of an impact,” Nayar said. 🔗Read the full article here - #news #Inc42 #Shein #Nykaa #fashion #Ecommerce #FalguniNayar #startupnews #startup #expansion #businessnews #D2C

Car servicing startup Gomechanic is planning an investment of INR 100 Cr in the next two years for expanding its two-wheeler service offering. 🔸The Delhi NCR-based company forayed into the two-wheeler servicing market by introducing ‘2Wheels’ a month back, established servicing centres in major cities like New Delhi, Gurugram, Noida, Ghaziabad, Mumbai, Thane and Pune.⚡ 🔸With this infusion, the company plans to expand the service in over 100 cities and onboard 1 Mn customers in the first year. 🔗Read the full article here - #news #Inc42 #Gomechanic #CarServicing #startupnews #startup #investment #expansion #funding #expansion #growth #India #businessnews

Customised haircare solutions startup Traya, operated by Tatvartha Health Private Limited, turned black in the financial year 2023-24 (FY24).⚡ 🔸 The turnaround came on the back of robust top line growth. Its operating revenue zoomed 284% to INR 236.04 Cr during the quarter under review from INR 61.43 Cr in FY23. 🔸 Founded in 2019 by Saloni Anand and Altaf Saiyed, Traya specialises in personalised hair care solutions, addressing individual customer hair issues through advanced technology. 🔗Read the full article here - #news #Inc42 #Traya #haircare #startupnews #tech #startup #financialnews #financials #businessnews #business #growth #expansion #India

Omnichannel beauty retailer Nykaa’s consolidated net profit surged 51% to INR 26.4 Cr in the third quarter of the financial year 2024-25 (Q3 FY25) from INR 17.5 Cr in the year-ago period on the back of strong growth across beauty and fashion verticals.⚡ 🔰 The strong growth came on the back of a 32% jump in the BPC segment’s GMV to INR 3,389.9 Cr in Q3 FY25 from INR 2,569.6 Cr in the same quarter last year. 🔰 Meanwhile, annual unique transacting customers across Nykaa, Retail and Nykaa Man surged 22% to 13.7 Mn in Q3 FY25 from 11.7 Mn in Q3 FY24. 🔗Read the full article here - #news #Inc42 #Nykaa #BeautyRetail #D2C #Retail #FashionIndustry #Financialnews #Financial #startupnews #startup #businessnews #business #growth #expansion #India

Amazon launches Suvidha Kiosk at Mahakumbh Mela for order pickup and returns, offering essential services to pilgrims within a 3 km radius.⚡ 🔆 Located at Kumbh Kutir in Sector 24, Arail, the kiosk serves as a pickup point for orders and handles returns from 7 AM to 10 PM until February 26. It allows pilgrims to order items ranging from mobile chargers and clothes to pooja supplies and blankets with delivery options available within a 3 km radius. 🔆 The ecommerce company has also introduced upcycled cardboard beds for attendees, distributed across key locations including the lost and found centre. 🔗Read the full article here - #news #Inc42 #Amazon #Mahakumbh #startupnews #startup #businessnews #business #India

India’s Agritech Boom: The Next Revolution Is Here! 🌾 From the Green Revolution to the AI-Driven Agritech Era, India’s farm sector is evolving at breakneck speed! With IoT-enabled agriculture, AI-powered machines, and data-driven precision farming, agritech startups are unlocking multi-billion-dollar opportunities. India is already a global agri powerhouse—the world’s largest producer of milk, jute, and pulses & the second-largest in rice, wheat, and sugarcane. Now, tech is taking it to the next level! $2.4 Bn+ raised since 2014—investors are betting big on the future of food! We’ve curated a list of India’s top agritech startups that are redefining farming & food security. To read the in-depth article, click here: #Agritech #StartupIndia #FoodTech #Innovation #agriculture #AI #IoT #startupecosystem #business #growth #marketing #strategy #India #inc42 #startups #investment #opportunity

Infosys, TCS, HCL Tech, and Wipro: How India’s IT giants are harnessing GenAI for the future. India’s IT industry has built a strong reputation over the decades by offering affordable and high-quality SaaS solutions and other services to enterprises across the world. Their GenAI strategy revolves around fine-tuning small language models, developing generative AI agents, and optimising workflows rather than creating truly novel AI architectures or training frontier models from scratch. Learn how India’s IT giants are implementing AI. Now only 8 Early Bird passes remain at an exclusive 50% discount. Once they’re gone, they’re gone! Don’t miss out—secure your spot 🗓️ 9th April, 2025 📍 JW Marriott, Bengaluru #GenAI #Infosys #TCS #HCLTech #Wipro #AIRevolution #TechInnovation #IndiaIT #FutureOfTech #GenAiSummit #Inc42

Shares of beauty and fashion major Nykaa fell 3.5% to INR 167.45 apiece on the BSE during intraday trading session today (February 10), ahead of its third quarter results. 🔸The stock was last down 2.7% at INR 168.75 per share on the BSE, compared to its previous close of INR 173.50 apiece, as of Friday (February 7). 🔸The company’s market capitalisation currently stands at INR 48,260.94 Cr ($5.49 Bn).Nykaa’s shares are set for the fifth straight session ending in red, if current loss holds. 🔗Read the full article here - #Nykaa #Ecommerce #D2C #stockmarket #financialnews #financial#Beauty #fashion

.@Flipkart is making a “reverse flip”—shifting its domicile from Singapore to Gurugram—as it prepares for a blockbuster IPO in the next 12-18 months. With Walmart’s backing, the $36 Bn ecommerce giant is making bold moves to align with regulatory guidelines and solidify its India-first narrative. Flipkart isn’t going in alone—its growing universe of businesses is key to its IPO strategy! @myntra, its fashion arm, is now profitable and dominates 40-45% of the fashion ecommerce market, while @Cleartrip is strengthening its omnichannel reach and expanding its travel business. Shopsy and its quick commerce play are tapping into India’s next billion shoppers, and Ekart Logistics is expanding B2B logistics to boost profitability. A $36 Bn startup going public could be India’s biggest IPO ever, even surpassing Paytm & Swiggy! 🚀 Will Flipkart’s universe of businesses give it the winning edge? 💬 Drop your thoughts below! Read the in-depth article here: #FlipkartIPO #StartupIndia #Ecommerce #Walmart #StockMarket #Myntra #Ekart #FlipkartUniverse #IPO #business #cleartrip #shopsy #phonepe #ekart #growth #marketing #technology #India #Inc42

From an SMS-based social network in 2004 to conversational AI in 2024, the SaaS unicorn Gupshup has continuously shifted itself to align with new paradigms in app-based communications. 🔸 With the wave of IPOs now hitting the Indian public markets, Gupshup is also eyeing an IPO soon, but like in the case of Razorpay and others, there is the matter of redomiciling to India. 🔸 Leadership isn’t about doing everything, but making sure the right things get done, with or without you in the room, says Beerud Sheth. 🔗Read the full article here - #SaaS #Unicorn #Gupshup #IPO #startupnews #startup

The funding round will be led by TVS Capital and Malpani Group along with a few other investors. #Fintech #tech #funding #investment #stockmarket (3/3)