Brandz Magazine

Nishant Pitti Steps Down as CEO of EaseMyTrip After Stake Offload In a significant development at EaseMyTrip, cofounder Nishant Pitti has stepped down as the company’s Chief Executive Officer (CEO) after offloading a 1.41% stake in the online travel aggregator. Pitti, who co-founded the company in 2008 alongside his brothers Rikant and Prashant Pitti, has led the company through its journey from an online travel agency to a diversified business empire, expanding into insurtech and electric bus manufacturing. Read More :- https://lnkd.in/gmNr8GZy #NishantPitti #EaseMyTrip #LeadershipChange #CEOTransition #RikantPitti #OnlineTravel #TravelTech #BusinessDiversification #Insurtech #ElectricBus #TravelIndustry #StockMarket #BusinessGrowth #EaseMyTripExpansion #TravelPostPandemic #CompanyLeadership #InnovationInTravel #TechDiversification #TravelServices #OnlineTravelAgency #FutureOfTravel #MarketExpansion #TravelInsurance #CorporateShift #TravelAndTech

Ola Consumer Launches 10-Minute Grocery Delivery Pilot in Bengaluru Amid the growing competition in the quick commerce sector, Bhavish Aggarwal-led Ola Consumer has launched a pilot for its 10-minute grocery delivery service in select pin codes in Bengaluru. This marks a significant step for the company as it enters the fast-paced world of quick commerce, offering ultra-fast grocery deliveries to meet the growing demand for instant, on-demand services. This new service comes shortly after Ola initiated its pilot of quick food deliveries, further expanding its reach in the rapidly growing sector. Read More :- https://lnkd.in/g_jT3eAP #OlaConsumer #QuickCommerce #GroceryDelivery #10MinuteDelivery #OlaBengaluru #InstantShopping #ConvenientLiving #OnDemandServices #TechDrivenDelivery #UrbanShopping #QuickCommerceIndia #GroceryInnovation #FastDelivery #OlaExpansion #FutureOfShopping #RapidCommerce #EcommerceRevolution

Ixigo’s recent allotment of over 4.6 lakh equity shares to employees under its various ESOS programs is a strategic step towards fostering employee loyalty and engagement. The company’s commitment to creating long-term value for its employees reflects its broader vision for growth and success in the online travel space. With the expansion of the stock option pool and the increase in share capital, ixigo is well-positioned to retain top talent, drive innovation, and maintain a competitive edge as it continues to grow in the dynamic and evolving travel industry. Read More :- https://lnkd.in/g7qjRabQ #Ixigo #EmployeeStockOptions #ESOS #StockOptions #EmployeeEngagement #EmployeeOwnership #TravelTech #TechIncentives #WorkplaceRewards #EmployeeRetention #LongTermGrowth #CompanyGrowth #EmployeeIncentives #StockAllotment #InvestInEmployees #GrowthJourney #BusinessExpansion #EmployeeMotivation #TravelIndustry #TechTalent #WorkplaceCulture #InnovationIncentives #CareerOpportunities #EmployeeRewards

PharmEasy’s sharp decline in valuation from its peak of $5.6 billion to a mere $456 million underscores the volatility that can impact even the most promising startups in India’s fast-evolving tech and e-commerce ecosystem. The company's financial struggles, including the failed IPO and the subsequent drastic valuation cuts, reflect the challenges faced by startups in securing investor confidence and scaling operations in a rapidly changing market. Moving forward, PharmEasy will need to reassess its strategies and focus on improving profitability, reducing losses, and rebuilding investor trust if it hopes to recover and thrive in the competitive online pharmacy sector. Read More :- https://lnkd.in/gqKCwFnD #PharmEasy #ValuationDrop #StartupStruggles #Ecommerce #OnlinePharmacy #TechCrunch #FinancialTroubles #IndianStartups #InvestmentChallenges #IPOPostponement #ValuationCut #InvestorConfidence #StartupEcosystem #PharmacyTech #HealthcareInnovation #BusinessDownturn #MarketVolatility #PharmEasyRecovery #FutureOfPharmEasy #StartupRebound #PharmEasyValuation

Biryani By Kilo, the cloud kitchen startup based in Delhi NCR, has successfully reduced its net loss by 30% in the fiscal year 2023-24 (FY24), driven by significant revenue growth and improved margins. The company reported a loss of INR 70.81 crore in FY24, compared to a higher loss of INR 100.7 crore in the previous fiscal year. This reduction in losses is a testament to the startup’s growing efficiency and its expanding presence in the highly competitive cloud kitchen and food delivery market. Read More :- https://lnkd.in/gSXXp9Zm #BiryaniByKilo #CloudKitchen #FoodDelivery #RevenueGrowth #StartupSuccess #LossReduction #IndianStartups #FoodTech #InvestorBacked #TechInFood #GrowthStrategy #ProfitMargins #KitchenInnovation #FalconEdgeCapital #IvyCapVentures #BiryaniLovers #ExpansionPlans #CustomerSatisfaction #FoodIndustry #IndianCuisine #StartupJourney

Captain Fresh, a Bengaluru-based B2B seafood startup, has successfully raised INR 100 crore (approximately $12 million) in a funding round led by Motilal Oswal Wealth Limited. The funding is aimed at further accelerating the startup’s growth and expanding its footprint in the seafood supply chain. According to regulatory filings, the board of Captain Fresh has approved the issuance of 1,002 preference shares at a price of INR 9,98,399 each. Following this round, Motilal Oswal Wealth will acquire a 2.26% equity stake in Captain Fresh. Read More :- https://lnkd.in/gZtrbwAX #CaptainFresh #SeafoodStartup #B2BSeafod #SeriesCFunding #MotilalOswal #SeafoodSupplyChain #SustainableSeafood #FoodTech #SeafoodInnovation #IndiaStartups #TechDrivenBusiness #GlobalExpansion #FreshSeafood #SustainableSourcing #FoodIndustryGrowth #SupplyChainRevolution #FoodTechInnovation #PreferenceShares #SeafoodBusiness #TechInFood #CaptainFreshExpansion

Tata Sons to Delay Capital Infusion into Tata Digital Until Mid-2025 In a strategic shift, Tata Sons, the holding company of the vast Tata Group conglomerate, has reportedly decided to delay its planned capital infusion into its digital arm, Tata Digital, until mid-2025. The decision, as outlined in a report by The Economic Times, reflects a broader organizational strategy under the leadership of Naveen Tahilyani, the newly appointed Chief Executive Officer (CEO) of Tata Digital. This move highlights a focus on improving financial discipline, enhancing execution, and increasing accountability across the conglomerate's various businesses. Read More :- https://lnkd.in/g5QNyqqD #TataSons #TataDigital #DigitalTransformation #GrowthStrategy #InternalFunding #DebtFinancing #NaveenTahilyani #FiscalDiscipline #TataGroup #CorporateStrategy #FinancialPlanning #Innovation #BusinessLeadership #CapitalInfusion #TataGroupStrategy #DigitalVentures

Zaggle Raises INR 594.84 Crore through QIP to Fuel Growth Zaggle, a prominent fintech SaaS (Software as a Service) company, has successfully raised INR 594.84 crore by issuing 1.13 crore equity shares through a Qualified Institutional Placement (QIP). The shares were issued at a price of INR 523.20 per share, representing a 5% discount on the floor price of INR 550.73 per share, marking a significant step in the company’s strategy to strengthen its financial position and support its future growth plans. Read More :- https://lnkd.in/gjzSgBv4 #ZaggleQIP #FintechGrowth #SaaSFintech #EquityFundraise #DigitalTransformation #InstitutionalInvestment #FintechInnovation #TechGrowth #CapitalRaising #ZaggleExpansion #FutureOfFintech #InvestInTech #QIPSuccess #FinancialGrowth #SaaSRevolution

Redstart Labs, a subsidiary of the prominent online classified company Info Edge, is set to acquire an additional stake in Brainsight Technology, a Bengaluru-based healthcare startup. The acquisition, valued at INR 3 crore (approximately $353,000), will increase Redstart’s shareholding in Brainsight from 4.68% to 5.27%. The decision to proceed with this investment follows approval from Redstart Labs' board of directors, as disclosed in an official exchange filing. Read More :- https://lnkd.in/g_d3cuSv #RedstartLabs #InfoEdge #BrainsightTechnology #AIHealthcare #FunctionalBrainMapping #AIinHealthcare #TechInvestment #StartupInvestment #InnovationInHealthcare #BrainHealth #MedicalAI #HealthcareSolutions #TechForGood #FutureOfHealthcare #HealthTech #AIForHealthcare #TechPartnership #Neuroscience #ArtificialIntelligence #MedicalResearch #HealthTechInnovation #Voxelbox #Snowdrop #InvestInTech #AIRevolution #HealthTechInvestment

🚀 Mindgrove Technologies Secures $8 Million in Series A Funding to Drive Semiconductor Innovation 💡 Mindgrove Technologies has successfully raised $8 million in a Series A funding round, marking a significant milestone in its journey to revolutionize the semiconductor industry. This new investment will help accelerate Mindgrove's R&D efforts and drive the development of cutting-edge semiconductor solutions that can power the next generation of technologies. With this funding, Mindgrove is poised to enhance its capabilities in delivering advanced, efficient, and scalable semiconductor technologies, supporting industries ranging from consumer electronics to automotive and artificial intelligence. This is a promising step toward strengthening the global semiconductor supply chain and fostering innovation in one of the most dynamic sectors. Stay tuned as Mindgrove Technologies continues to push boundaries and shape the future of semiconductors! #Semiconductors #TechInnovation #SeriesA #MindgroveTechnologies #Investment #TechStartups #AI #FutureOfTech #R&D