Aryan Sharma

This change comes as a response to rising competition from new players like Rapido and Namma Yatri, which offer SaaS-style models where drivers keep all their earnings by paying a fixed daily or monthly fee.

The Artha Select Fund (ASF) will make follow-on investments in companies backed by its first fund, Artha Ventures Fund I, and will join Series B and C rounds with cheques of around $2.5 million each.

According to BSE data, PhonePe sold 27.21 lakh shares of MapmyIndia’s parent company, CE Info Systems, at Rs 1,786.22 each. As a result, its stake in the company dropped from 18.74% to 13.74%.

The company said Nailwal’s appointment as CEO officially recognizes the leadership role he has already been playing, now with more operational authority.

Bullet has built India’s first micro-drama app, offering fast-paced, creator-driven content in short, vertical-format episodes aimed at younger audiences.

Zomato plans to expand its electric bike rental program to other regions, depending on how many delivery partners adopt it in the Delhi-NCR area.

Exium’s CEO, Farooq Khan, who will be joining the NETGEAR for Business leadership team, highlighted the shared vision of both companies to deliver a strong, all-in-one cybersecurity solution tailored for small and medium-sized businesses.

Sources say that Tushar Tarun, the head of legal affairs at the startup, is also leaving and is currently serving his notice period, though CoinDCX hasn’t confirmed it yet.

The delay is due to a focus on improving financial performance before going public. Zepto is working on cutting losses and becoming more profitable.

Additionally, Kia Corporation, another South Korean automaker, sold about 2.71 crore shares of Ola Electric on the same day through an open market transaction.