Harshit Rakheja
Inc42
New Delhi, DL, India
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Past articles by Harshit:
Flipkart Acquires OTA Cleartrip To Diversify Offerings
Ecommerce major Flipkart, on Thursday, announced a proposed acquisition of online travel aggregator Cleartrip. → Read More
Ten-Year-Old BYJU’S Acquires 33-Year-Old Aakash For $1 Bn In India’s Biggest Edtech Deal
Indian edtech decacorn BYJU’S has confirmed its acquisition of Aakash Educational, the 33-year-old chain of physical coaching centres → Read More
Samsung Enters India’s Crowded OTT Market With Samsung TV Plus
South Korean electronics giant Samsung has announced the launch of its streaming service Samsung TV Plus in India. → Read More
Apple Looks To Top 2020 Sales Record In India With Locally-Made iPhone 12 Series
Tech giant Apple confirmed on Tuesday that it will soon begin manufacturing the iPhone 12 series in India. → Read More
Insurance Tech Startup Riskcovry Raises $5 Mn From Omidyar
Mumbai-based insurance tech startup Riskcovry has raised $5 Mn in Series A funding in a round led by Omidyar Network India. → Read More
Delhi HC Directs HappyEasyGo To Stop Bidding For MakeMyTrip Keywords In Google Ads
The court granted an interim injunction in favour of online travel portal MakeMyTrip, in its trademark infringement suit against HappyEasyGo. → Read More
PolicyBazaar Raises $45 Mn From Secondary Sale Of Shares
Online insurance aggregator PolicyBazaar has reportedly executed a secondary sale of shares worth about $45 Mn. → Read More
Zomato’s Investors Won’t Exit In $1 Bn IPO, Says Founder Deepinder Goyal
Indian foodtech unicorn Zomato is expected to raise $750 Mn to $1 Bn through its planned Initial Public Offering (IPO) this year. → Read More
OYO Offloads 150 Employees To Audit Giant KPMG In Cost-Cutting Measure
Gurugram-based hospitality firm OYO has offloaded 150 employees to research and consultancy firm KPMG as it looks to shed workforce. → Read More
Creation Investments Sets up India-Focused $100 Million Debt Fund
Creation focuses on private equity investments for financial service institutions focused on the unbanked and underbanked in the developing world. → Read More
Ex-Elevation Capital Partner Alok Goel Launches SaaS Startup Drivetrain
Alok Goel, a former partner at venture capital firm Elevation Capital, this month launched his new startup Drivetrain. → Read More
[What The Financials] To-Be Unicorn MPL Spent INR 21 For Every Rupee In Revenue In FY20; Loss Up By 162%
In FY20, Mobile Premier League's total revenue was roughly the same as Paytm First Games, which was also launched in 2018. → Read More
[What The Financials] Before Pandemic Boom, Paytm First Games Loss Grew 224% In FY20
Last year, Paytm First Games had claimed to have more than half a million daily active gamers on the platform → Read More
SarvaGram Fincare Raises INR 77 Cr Series B To Tap Rural Lending Opportunity
Rural lending startup SarvaGram Fincare has raised INR 77 Cr in a Series B funding round led by Elevation Capital. → Read More
Personal Data Of Over 20 Lakh Chqbook Users Leaked On Dark Web
Personal data of over 20 lakh users of Chqbook, the Delhi NCR-based fintech startup, has been leaked on the dark web. The data breach is the handiwork of the hacking group ShinyHunters, which had leaked the data of 10 Cr digital payments transactions from Indian mobile payment solutions company Juspay’s server earlier this month. While information about Chqbook’s data breach has been out in the… → Read More
[What The Financials] Swiggy Outpaces Zomato In Revenue Race Despite 66% Higher Losses In FY20
Swiggy’s net loss for the fiscal year 2019-20 (FY20) stood at INR 3,909 Cr, while Zomato recorded a loss of INR 2,451 Cr. → Read More
WhatsApp Runs Into More Trouble With Indian Govt Over Privacy Outrage
Will WhatsApp’s updated privacy policy end up becoming its latest hurdle with the Indian government? → Read More
Healthtech Startup Generico Raises INR 10 Cr Debt From Alteria Capital
Pharmacy chain Generico has raised INR 10 Cr in debt from venture debt company Alteria Capital's India Fund I. → Read More
SEBI Opens Doors For Fintech Startups To Launch Mutual Funds
The Securities and Exchange Board of India has relaxed the norms for tech startups and other entities to enter the mutual fund business → Read More
Hospitality Giant OYO Lays Off Close To 300 Employees
Gurugram-headquartered hospitality firm OYO has laid off around 300 of its employees, a person close to the development told Inc42. → Read More