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IPO-Bound Amagi Nets INR 805 Cr From Anchor Investors

Amagi has raised about INR 805 Cr from anchor investors in the run up to its initial public offering (IPO), which is set to open tomorrow (January 13) The Bengaluru based company allotted 2.23 Cr shares to anchor investors at INR 361, the upper end of the set price band, per share. This values the anchor portion at INR 804.9 Cr Eleven mutual funds including SBI, ICICI Prudential, HDFC, Aditya Birla Sun Life, Motilal Oswal, Tata, Franklin Templeton subscribed to the company’s shares across 28 schemes

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Amagi IPO: A New Test For Public Markets

There are not many adtech and SaaS companies that have gone public in the recent wave of listings. Amagi’s IPO, if successful, will be one of the first real barometers for success in the SaaS ecosystem

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Insurance Promises Vs Ground Reality: Gig Workers Push Back on Zomato, Swiggy Claims

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WinZO Cofounder Urges K’taka HC To Move ED Probe To Delhi

After hearing preliminary submissions from the two sides, a bench comprising Justice M Nagaprasanna slated the case for next hearing on January 14 WinZO cofounder’s counsel contended that ED should conduct its probe out of Delhi since WinZO’s operations, bank accounts and employees are based out of the national capital ED’s counsel maintained that the agency’s investigation in the case was at a crucial stage, adding that INR 800 Cr have already been attached in the matter

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Now, Eternal Get Two Fresh GST Demand Notices Worth INR 28 Cr

Zomato and Blinkit parent Eternal has received two fresh GST demand orders totalling about INR 27.6 Cr from tax authorities in the state of West Bengal The orders were passed by the Additional Commissioner of State Tax (Appeals), West Bengal, under Section 73 of the CGST Act, 2017 and West Bengal Goods and Services Tax with respect to short payment of output tax covering the period from April 2020 to March 2022 This is the third tax demand the Zomato parent has received from tax authorities in West Bengal this week itself. Earlier on Tuesday (January 6), the company had received an order worth INR 1.92 Cr for short payment of output tax for FY20

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Amagi IPO To Open On January 13, Price Band Set At INR 343-361

The media SaaS giant has trimmed the fresh issue size by 25% to INR 816 Cr along with trimming the OFS component by 22% to 2.69 Cr shares It has set a price band of INR 343 to INR 361 for the public issue, implying an IPO valuation of $885 Mn The IPO will open on January 13 and subsequently close on January 16, making the company the first new-age tech company to list in 2026

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PadelPark Merges with MS Dhoni’s 7Padel To Scale Turf Sports

Along with cricketing legend MS Dhoni, the merged entity is also backed by JSW Sports owner Parth Jindal, who has been an early investor in PadelPark PadelPark earns most of its revenue from leasing the over 40 courts under its management, turned EBITDA positive in FY24 The merged entity aims to expand beyond elite tier 1 neighborhoods to non-metro cities

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Unnati To Acquire Info Edge-Backed Agritech Startup Gramophone

Info Edge will sell its entire stake in Gramophone in exchange for a 15.7% stake in Unnati Info Edge plans to invest INR 35 Cr in Unnati post the acquisition, which will prop up its stake in the startup to 20.53% Gramophone sells seeds, fertilisers, nutrients, pesticides, farming equipment, among others, to farmers directly and through small retailers via an omnichannel model

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Deepinder Goyal’s Stand For Blinkit Sparks A New Year’s Flashpoint

Goyal made a number of posts on social media over the next two days, responding to critics while calling the gig economy one of “India’s largest organised job creation engines” Goyal also explained how the dark store density around residential areas helps Blinkit deliver orders in 10-minutes without the need for the delivery workers to overspeed Bikhchandani stood out for making multiple posts backing him and the gig economy

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ED Freezes INR 192 Cr Assets Linked To WinZO

The ED carried out search operations at the office premises of WinZO’s accounting firm on December 30, 2025 and froze the “proceeds of crime” Notably, WinZO cofounder Rathore was granted bail by a Bengaluru sessions court a few days ago, according to a report In a separate petition in the Karnataka HC, WinZO argued that the amount frozen was disproportionate to the amount involved in the alleged offence

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SBI Mutual Fund Sells INR 108 Cr Worth Nazara Shares In Block Deal

Nazara Technologies saw a large secondary transaction on December 29, with SBI Mutual Fund selling 45.09 Lakh shares through a block deal on the exchanges The shares were offloaded at an average price of INR 240.18 per share, valuing the transaction at around INR 108.3 Cr, per NSE data Earlier this year, Norges Bank, which manages Norway’s sovereign wealth fund, entered Nazara’s cap table for the first time by buying 7.19 Lakh shares worth nearly INR 70 Cr via bulk deals

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Why Paytm Went Back To Basics In 2025

Paytm went back to basics - UPI, merchant devices, and FLDG-led lending - to return to profitability

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Paytm Sets Up Two New Overseas Units, Raises Funds For UAE Unit

Paytm has announced that it is setting up new subsidiaries in Indonesia and Luxembourg as well as bringing onboard a new investor to its UAE payments arm Paytm said its cloud arm, Paytm Cloud Technologies Ltd (PCTL), has approved the setup of two wholly owned subsidiaries, one in Indonesia and another in Luxembourg As part of this restructuring, Paytm transferred its entire offline merchant payments business to PPSL in November, with a book value of INR 960 Cr for FY25

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Dream11’s Gap Year: Hitting Reset After The RMG Crisis

Long synonymous with fantasy sports and cash rewards, Dream11’s empire came collapsing in the middle of 2025 after the ban on real money games. Here’s how the company responded.

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ED Searches Dream11 Office In INR 2,000 Cr Jai Corp PMLA Probe

The searches were undertaken to ascertain the extent of Dream11’s involvement and Sheth’s financial exposure in the alleged money laundering network ED sleuths are reportedly probing whether the misappropriated funds in the Jai Corp case were routed through entities like technology and sports gaming platforms In its FIR, the CBI has alleged that Jai Corp Ltd. syphoned off funds raised from financial institutions and investors, which led to a loss of INR 2,434 Cr to certain entities

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Karnataka HC Directs WinZO To Furnish Financials Details

The HC also sought detailed disclosures and financials related to WinZO’s subsidiaries and related entities, both in India and overseas Arguing that the amount frozen by ED was disproportionate to the amount involved in the alleged offence, WinZO has also urged the Court to declare the search operation void Last month, the agency conducted searches at premises linked to the company and froze assets worth INR 505 Cr. The startup’s two cofounders were also arrested