News Update

Earlier this week, PhysicsWallah (PW) filed its RHP for a ₹3,480 crore IPO, comprising a fresh issue of ₹3,100 crore and an offer for sale (OFS) of ₹380 crore.

Swiggy has approved plans to raise up to ₹10,000 crore through QIP or other routes to strengthen its growth in a competitive market. Backed by strong cash reserves and the ₹2,400 crore Rapido divestment, the food delivery giant aims to boost its strategic flexibility and secure additional growth capital.

Although the talks haven’t been officially announced, the potential valuation represents a sharp drop from Unacademy’s last publicly disclosed valuation of $3.44 billion in 2021, when it raised $440 million in a Temasek-led Series H funding round.

Under the agreements, TVS Motor will sell 11,997 Series D compulsory convertible preference shares to Accel India VIII (Mauritius) for ₹143.96 crore, and 10 equity shares along with 11,988 Series D CCPS to MIH Investments One B.V. for ₹143.97 crore.

With Paytm Check-in, users can chat with an AI assistant that helps plan trips through simple conversations. It suggests destinations, creates personalized itineraries, and manages bookings for flights, trains, buses, and metro services. 

Founded in 2016 by Dr. Arbinder Singal and Shailesh Gupta, Fitterfly offers clinically tested programs that help people manage or reverse diabetes, control obesity, and improve heart health.

According to reports, Rakshit Hargave will join Britannia Industries in a leadership position. After his departure, Himanshu Kapania, Managing Director of Grasim Industries, will take over as interim CEO.

The investment will be directed to Paytm Payments Services Ltd (PPSL), a fully owned subsidiary set up as the central hub for all of Paytm’s merchant payment operations, covering both online and offline transactions.

According to a press release, the initiative has helped sellers from sectors such as handicrafts, handloom, and manufacturing, boosting their income and enhancing long-term business outcomes.

While the company did not disclose the exact number, sources told that around 300–350 roles were cut as Porter prepares for a potential public listing.