Author: saranya

Beauty giant reports 27% YoY revenue growth in Q3 FY25 alongside its latest employee stock option allocation, signaling robust expansion despite market challengesNykaa, the leading beauty and personal care marketplace, has allocated 90,500 equity shares under its Employee Stock Option Plan (ESOP) scheme, as announced in a recent filing with stock exchanges. The allocation, valued at approximately Rs 1.49 crore based on Monday’s opening price of Rs 165 per share on the National Stock Exchange, comes amid the company’s impressive financial performance in the third quarter of FY25.The Falguni Nayar-led company specified that “the equity shares so allotted shall rank…

As Swiggy’s record-breaking IPO fuels quick commerce investment race, Tamil Nadu startups seek positioning in the rapidly evolving $40 billion marketCHENNAI, February 25, 2025 – As Swiggy’s shares surged 17% above its IPO price on its market debut, investment firm Bernstein has declared Zomato-owned Blinkit well-positioned to dominate India’s booming quick commerce sector despite intensifying competition. The battle for supremacy in the 10-minute delivery space is heating up, with major players rushing to secure funding to expand operations, including in Tamil Nadu’s growing startup ecosystem.Swiggy’s impressive market debut, listing at a 5.6% premium to its IPO price of ₹390, has…

Tamil Nadu fintech scene strengthens as Super.money expands credit offerings through strategic acquisition to introduce UPI-based checkout financing solutions CHENNAI, February 25, 2025 – In a significant development for Tamil Nadu’s burgeoning fintech landscape, Flipkart-backed fintech firm Super.money has acquired checkout financing platform BharatX in an all-cash deal. The acquisition, announced on Tuesday, will enable Super.money to expand its portfolio of payment and credit offerings since its launch last year. The financial details of the transaction remain undisclosed. The acquisition marks Super.money’s strategic move to introduce checkout financing capabilities for direct-to-consumer (D2C) and e-commerce brands, including Flipkart. The company will…

Digital payments giant sees market cap soar to ₹4,838 crore as heavy trading volumes signal strong investor confidence in South India’s fintech sectorIn a remarkable display of market confidence, shares of One Mobikwik Systems witnessed a dramatic surge of 35% from Monday’s low, reaching a new high of ₹630 on Tuesday. The company’s stellar performance on the National Stock Exchange (NSE) highlights the growing prominence of fintech companies in Tamil Nadu’s evolving startup ecosystem.The fintech giant’s shares have demonstrated exceptional momentum, skyrocketing 126% above their initial issue price of ₹279 since their December 18 debut. This impressive rally, marked by…

Food delivery giant plans major capital injection into its logistics arm to strengthen warehousing and distribution capabilities across Tamil NaduIn a significant move that could reshape Tamil Nadu’s logistics landscape, food and grocery delivery powerhouse Swiggy Ltd has announced plans to invest up to ₹1,000 crore in its wholly-owned subsidiary, Scootsy Logistics Private Limited. The investment, approved by Swiggy’s Board of Directors on February 21, 2025, will be executed through a rights issue in one or more tranches.The capital injection comes at a crucial time for Scootsy Logistics, which has shown remarkable growth over the past three years. The company’s…

Markets regulator considers removing 200-investor cap and broadening qualified institutional buyer definition, potentially unleashing significant capital for Tamil Nadu’s growing startup ecosystemIn a significant move to boost early-stage startup funding, the Securities and Exchange Board of India (SEBI) is contemplating major reforms to angel fund regulations, potentially opening up vast new capital pools for Tamil Nadu’s burgeoning startup ecosystem. The proposed changes focus on expanding the definition of qualified institutional buyers (QIBs) and eliminating the current 200-investor cap for angel funds.The regulatory overhaul aims to democratize startup investment while maintaining robust investor protection mechanisms. By including accredited investors in the…

In a major boost to India’s electric mobility infrastructure, Tata Motors partners with leading charging operators to create comprehensive nationwide charging network, including significant presence in Tamil NaduThe electric vehicles unit of Tata Motors has announced a groundbreaking initiative to revolutionize India’s EV charging infrastructure, unveiling plans to install 400,000 charging points and 30,000 public chargers across the country by 2027. This massive expansion, dubbed “Collaboration 2.0,” represents one of the most ambitious charging infrastructure projects in India’s automotive history.The company has formed strategic partnerships with industry leaders including Tata Power, Statiq, ChargeZone, and Zeon to operationalize the first phase…

New regulations mandate Aadhaar verification, ban minor players, and implement mandatory breaks in sweeping reform of digital gaming industryThe Tamil Nadu Online Gaming Authority (TNOGA) has unveiled comprehensive new regulations for online real money gaming platforms, introducing some of the most stringent controls in India’s digital gaming sector. The measures, announced on Friday, focus on player protection through mandatory identity verification, time restrictions, and spending limits.The regulations mark a significant shift in how online gaming platforms will operate in Tamil Nadu, requiring mandatory Know Your Customer (KYC) verification through Aadhaar authentication for all users, even at the account creation stage.…

Revolutionary ride-hailing initiative empowers women drivers while addressing safety concerns in transportation sector, marking significant step towards inclusive mobilityIn a groundbreaking move that could reshape India’s ride-hailing landscape, Rapido has announced plans to launch ‘Pink Rapido’ – a women-only bike taxi service in Karnataka. The initiative, revealed at the Global Investment Summit, aims to create 25,000 job opportunities exclusively for women drivers while addressing the critical need for safe transportation options for female passengers.Pavan Guntupalli, co-founder of Rapido, unveiled the ambitious project which is set to roll out by the end of 2024. The service represents a significant step forward…

Electric vehicle giant’s successful listing validates Tamil Nadu’s strategic push into sustainable mobility, with its Rs 40,218 crore valuation signaling strong investor confidenceIn a remarkable market debut that underscores Tamil Nadu’s growing prominence as an electric vehicle manufacturing hub, Ola Electric Mobility saw its shares surge 20% on their first day of trading, reaching the upper circuit at Rs 91.2. The listing, which values the company at Rs 40,218 crore, marks a significant milestone for both the company and the state’s burgeoning EV ecosystem.The Bhavish Aggarwal-led company, which operates its flagship Future Factory in Tamil Nadu, demonstrated strong market confidence…