Indian E-commerce Firm Udaan Raises $340 Million Ahead of Planned IPO
Indian e-commerce firm Udaan raised $340 million to strengthen its supply chain and boost vendor partnerships ahead of a stock market debut planned for 2025. The Series E round was done via a combination of fresh equity and conversion of debt, the Bangalore-based company said in a statement Thursday. The round was led by M&G Plc and existing investors including Lightspeed Venture Partners and DST Global participated. The round "fully funds our business plan," Vaibhav Gupta, Udaan co-founder and chief executive officer, said in the statement. "It enables our continued journey of growth and profitability, positioning us well to be public-market ready in the next 12-18 months." Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, runs an online marketplace and logistics networks that help mum-and-pop stores get quicker deliveries and cut traditional middlemen out. That kind of digital-led wholesale business, though a very small part of India's overall retail market, is expected to swell to $150 billion in sales in a decade, according to McKinsey & Co. The startup targets an initial public offering in 2025, though it's yet to decide whether it will do so in India or overseas, Gupta told Bloomberg News last month. Udaan was founded in 2016 by three engineers who previously worked at Flipkart. The trio together ran the company until Gupta, one of the founders, took over as CEO in 2021. The other two founders — Amod Malviya and Sujeet Kumar — are board members.
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Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Health Screening in Singapore (2026): How Much It Really Costs & Where to Go
We all know how crucial health screenings are—spotting potential health issues early can save you from high medical bills and serious complications down the line. But when it comes to the cost of these screenings in Singapore, things aren’t always straightforward.
Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Health Screening in Singapore (2026): How Much It Really Costs & Where to Go
We all know how crucial health screenings are—spotting potential health issues early can save you from high medical bills and serious complications down the line. But when it comes to the cost of these screenings in Singapore, things aren’t always straightforward.
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Alaan Raises $48 Million in Series A Round Led by Peak XV Partners
BENGALURU: UAE-based spend management platform Alaan has raised $48 million in a Series A round led by Peak XV Partners, marking one of the largest early-stage funding deals in the Middle East's fintech sector. The round saw participation from 885 Capital founders Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. The funding, which was oversubscribed, included both primary and secondary components. It also drew backing from several prominent regional and global operators, including Tabby founder Hosam Arab, Careem founder Mudassir Sheikha, Pleo founder Jeppe Rindom, Astra Tech founder Abdallah Abu-Sheikh, and Talabat CPO Yi Wei Ang.
US Markets Today: Wall Street Shows Stability Amid Economic and Political Uncertainty
US stock indices traded marginally higher on Tuesday, showing signs of stability after two volatile sessions driven by economic uncertainty and political tension over tariffs.
Indian Startups Creating Jobs: Finance Ministry Report
Finance Ministry
NEW DELHI: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the finance ministry said in its latest review of the Indian economy.
In the report titled, 'The Indian Economy: A Review January 2024', the Department of Economic Affairs said that the 1.14 lakh startups recognised by the government under the 'Startup India initiative' created more than 12 lakh jobs (as of October 2023).
The state-owned e-commerce platform Open Network for
Gold and Silver Price Prediction Today
Gold price prediction: MCX Gold prices have been trading significantly above the â¹1,00,000 mark, indicating strong bullish momentum in the domestic market. (AI image)
Gold and silver price prediction today: Gold rates have been exhibiting bullish momentum in the domestic market. What levels of gold and silver prices should investors watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views:
MCX Gold
MCX Gold prices have
Stock Market Today: Impact of US Tariffs on Indian Markets
Thursday's trading will be influenced by the US President's implementation of additional 25% tariffs. (AI image)
Stock market today: Indian stock markets opened in the red on Thursday after US President Donald Trump announced a sharp hike in tariffs on Indian goods, doubling them to 50%, weighing on overall market sentiment. As of 11:42 AM, the Nifty50 was down 138.05 points (0.56%) at 24,436.15. The BSE Sensex also fell by 409.02 points (0.51%) to 80,134.97. Earlier in the day at 9:1
TCS Announces Salary Hikes for 80% of Employees Amidst Layoff Plans
Tata Consultancy Services (TCS), India's largest IT services firm, has announced salary hikes for approximately 80% of its staff members. The salary hikes will mainly cover the IT giant's junior and mid-level employees. The salary hike comes at a time when TCS has announced that it will lay off around 12,000 employees in the course of this year.
Warren Buffett's Circle of Competence: An Investing Philosophy
Warren Buffett, the billionaire investor behind the success of Berkshire Hathaway, is widely admired not just for his wealth, but for his simple, time-tested investment philosophy. One of his most powerful ideas is the “circle of competence” — the concept that you don’t need to understand everything about every business to be a great investor. Instead, staying within your intellectual comfort zone is the key to making rational, long-term decisions. As Buffett once wrote, understanding your limits is more important than having a vast amount of knowledge. This principle still offers a practical framework for anyone looking to invest wisely in today’s fast-paced market.
T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension
T&T Raj Nagar Extension, known for its affordability, may soon see a shift in its residential landscape. T&T Group is preparing to launch a premium housing project in the area, with an estimated worth of Rs 700 crore, which is expected to significantly expand its market share in the luxury housing market.Spread across 3.25 acres, the upcoming project will feature over one million square feet of built-up area and offer 3 and 4 BHK apartments across Ground + 16-storey towers. The design reportedly