Elon Musk offers to sell more Tesla stock, following his spat with Bernie Sanders

Image Credits: Natan Dvir/Bloomberg via Getty Images Tesla’s CEO Elon Musk’s twitter antics has always been subject of great discussions for most twitterati and beyond. Keeping true to his reputation, Musk in this latest twitter stunt got involved in a public spat with senator Bernie Sanders. The genesis of this spat was sowed by series of…

ByGirish ShettiNovember 15, 20210Comments

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IPO bound Ola’s CFO & COO have put down their papers: Report

Ride hailing major Ola’s Chief Financial Officer (CFO) Swayam Saurabh and Chief Operating Officer (COO) Gaurav Porwal are all set to leave the company. According to Money Control, both high profile executives resigned from their posts last week. Ola has so far not officially commented on this news report. The exit of top executives…

ByGirish ShettiOctober 19, 20210Comments

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IPO bound Pine Labs adds another vertical, Forays into Online Payment

Possibly months before its much anticipated IPO, merchant platform Pine Labs announced on Thursday that it is all set to enter into the payment gateway space. Foray into the payment gateway space marks a natural progression for the Noida headquartered company, which has a dominant presence in the POS, BNPL and other areas. Pine…

ByGirish ShettiOctober 15, 20210Comments

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Pandora Paper: Healthifyme denies its Co-Founder & CEO having Shell Companies

Health tech startup Healthifyme on Wednesday categorically denied that its co-founder and CEO Tushar Vashist owned any shell companies or Singapore holding companies with connection to politically influential figure. This denial is in response to damaging allegations made by that Pandora Paper published in the Indian Express. In its official statement, Healthifyme said that Mr.…

ByGirish ShettiOctober 6, 20210Comments

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Fintech Unicorn Pine Labs gears up for IPO, Converts into Public Limited Company

Fintech Unicorn Pine Labs has probably taken the first major step for IPO listing, after converting its entity status from private limited to a public limited company. This news was first reported by the news portal Entrackr, which claimed that the company’s parent firm (based in Singapore) has passed a special resolution to change its…

ByGirish ShettiSeptember 14, 20210Comments

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After buying stake in Grofers, Zomato exits Grocery Delivery Biz

Image Source: Youtube.com Publicly listed foodtech major Zomato has announced that it is unceremoniously exiting the grocery delivery business. This is the second time in two years that the Gurgaon-based company will be scrapping its grocery delivery biz as it failed to surmount any viable challenge to the incumbents. Zomato has officially cited the ‘inability to…

ByGirish ShettiSeptember 12, 20210Comments

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Accel launches Accel Atom, Pre-Seed funding Program for early stage startups

Accel Partners is one of the big names in the VC world and has played a critical role in nurturing and promoting Indian startup companies. Accel has especially had a special hand in creating some of the most successful Indian unicorns. Today Accel took another big step in its continuing quest to strengthen Indian…

ByGirish ShettiAugust 30, 20210Comments

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With eye on IPO, Droom turns into a public limited company

The photo of Sandeep Agarwal, founder & CEO of Droom. sitting on a two wheeler Used car marketplace Droom has converted itself from public limited company into private limited company, according to company’s regulatory filings. The regulatory filings has shown that the company has changed its name from Droom Technology Private Limited to Droom…

ByGirish ShettiAugust 26, 20210Comments

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LocoNav launches its Maiden ESOP & equity buyback scheme worth $3Mn

Fleet-tech management startup LocoNav announced on Thursday that it has earmarked $3 Mn for its maiden ESOP and equity buyback scheme. The company said that more than 50 existing and former employees are eligible to participate in the ESOP scheme and will be allowed to partially liquidate their vested ESOPs. LocoNav’s equity buyback scheme, on…

ByGirish ShettiAugust 19, 20210Comments

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WazirX gets caught in a Money Laundering Wrangle, ED issues showcase notice

India’s largest cryptocurrency exchange WazirX has been served showcase notice by Enforcement Directorate (ED) on serious charges of facilitating money laundering. Although Techpluto does not have an access to the notice, reports claim that ED’s notice has signaled out WazirX for helping Chinese nationals in laundering money from Indian shores. The transaction that the ED…

ByGirish ShettiJune 11, 20210Comments

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