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[Update] Nazara-backed Rusk Media Raises INR 103 Cr
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[Update] Nazara-backed Rusk Media Raises INR 103 Cr

Mobile-first digital entertainment startup Rusk Media has raised INR 103 Cr in its Series B round, which was a mix of both primary and secondary transactions The funding round was led by IvyCap Ventures, with participation from LC Nueva, InfoEdge Ventures, Woori Venture Partners and the startup’s promoters and family Rusk Media is looking to double down on its IPs and new-age content formats in India and their future expansion to the US, Europe and EMEA markets

October 9, 2025
Eternal Shares Hit Fresh 52-Week High After Citi Raises Target Price
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Eternal Shares Hit Fresh 52-Week High After Citi Raises Target Price

Eternal touched a fresh 52-week high at INR 347.50 during the intraday trading after Citi raised the TP for the stock to INR 395 from INR 320 earlier As per Citi, Eternal’s quick commerce business Blinkit’s growth momentum remains stellar and focus on user acquisition is visible in the rise in app-traffic Citi increased the TP for Swiggy to INR 495 from INR 465 earlier, translating into a 17% upside compared to yesterday’s close of INR 421

October 9, 2025
Uncomforted By India Not Leveraging AI At Scale: Paytm CEO
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Uncomforted By India Not Leveraging AI At Scale: Paytm CEO

Terming AI sovereignty equivalent to virginity, Sharma said that India should not give its AI sovereignty to the foreign world at all Sharma also said that India’s AI ecosystem lacks belief and ambition, and not capability This came on the same day as Paytm announced the launch of its AI-powered soundbox, which can interact with merchants in 11 local languages

October 8, 2025
KGen Nets $13.5 Mn To Build Verified Distribution Protocol For AI Companies
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KGen Nets $13.5 Mn To Build Verified Distribution Protocol For AI Companies

The round saw participation from Prosus Ventures, Jump Crypto and Accel With this, Apros Labs-backed startup has raised more than $43.5 Mn in funding to date Founded in 2013, KGeN operates a blockchain-based verifiable user distribution layer for AI agents, DeFi apps, and gaming platforms

October 7, 2025
Goldman Sachs Dumps More Eternal Shares Worth INR 266 Cr
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Goldman Sachs Dumps More Eternal Shares Worth INR 266 Cr

As per NSE data, Goldman Sachs Bank Europe Se-ODI sold the shares at INR 328.45 apiece, a 2% discount from the stock’s last closing price of INR 335.05 The shares that flooded the market were lapped up by BofA Securities Europe SA With this, Goldman Sachs has netted INR 900 Cr+ from four Eternal block deals in the last month alone

October 6, 2025
Goldman Sachs Offloads More Eternal Shares Worth INR 355 Cr
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Goldman Sachs Offloads More Eternal Shares Worth INR 355 Cr

As per NSE data, Goldman Sachs Bank Europe Se- ODI sold the shares, amounting to 0.11% stake in the company, for INR 329 apiece The shares that flooded the market were lapped up by BofA Securities Europe SA Goldman Sachs sold 9.52 Lakhs Eternal shares worth INR 31.6 Cr last month, followed by offloading another 8.2 Cr shares for INR 266.9 Cr earlier this month

October 4, 2025
Goldman Sachs Sells Eternal Shares Worth INR 267 Cr
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Goldman Sachs Sells Eternal Shares Worth INR 267 Cr

As per NSE data, Goldman Sachs sold the shares at INR 325.50 apiece, a discount of 1% compared to the stock’s last close of INR 328.95 on Wednesday Last week, the investor sold 9.52 Lakh Eternal shares to Morgan Stanley in a block deal at INR 332.25 apiece, netting INR 31.6 Cr from the deal The development comes at a time when Eternal shares have been on an upswing, growing nearly 19% on a year-to-date (YTD) basis

October 1, 2025
Eternal Allots ESOPs Worth INR 211 Cr To Employees
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Eternal Allots ESOPs Worth INR 211 Cr To Employees

Eternal, the parent company of Zomato and Blinkit, has allotted 64.1 Lakh stock options under its employee stock options programme (ESOP) Based on Eternal’s closing price for today (INR 328.95), the allotted options are pegged at INR 210.9 Cr ($23.7 Mn) Eternal has allotted 41.2 lakh stock options under its ESOP 2021 and 22.9 lakh under ESOP 2024, while only 72 options were granted under the ESOP 2014 plan

October 1, 2025
Paytm Money Partners Jio BlackRock To Float AI-Led Active Equity Fund
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Paytm Money Partners Jio BlackRock To Float AI-Led Active Equity Fund

Paytm Money will exclusively offer subscriptions to the JioBlackRock flexi cap fund, which will open for subscription on September 23 and close on October 7 The partnership will leverage Paytm’s network effects, zero-commission model and JioBlackRock’s technical expertise to woo retail investors This comes a day after Jefferies raised the price target for Paytm to INR 1,420 on the back of new opportunities for the fintech in BNPL and wealth management products

September 24, 2025
Jefferies Bullish On Paytm, Hikes Target Price To INR 1,420
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Jefferies Bullish On Paytm, Hikes Target Price To INR 1,420

Jefferies attributed the higher PT to Paytm’s 45 Mn merchant base, the “well” performing lending business and new opportunities in BNPL and and wealth management products The brokerage projected that Paytm’s lending momentum will continue, adding that the company is also capitalising on its existing client base for wealth management products The bullishness comes as the Vijay Shekhar Sharma-led company turned profitable in Q1 FY26 and posted a net profit of INR 122.5 Cr against a net loss of INR 840.1 Cr in Q1 FY25

September 23, 2025
Now, Gameskraft Lays Off 120 Employees
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Now, Gameskraft Lays Off 120 Employees

Gameskraft has laid off 120 employees saying that the legislation, which bans real money gaming, left it with “no choice” but to halt operations and restructure It added that it will extend health insurance for impacted employees until March 2026, continue wellness services until May 2026, and support outplacement efforts The layoffs add to a string of setbacks for Gameskraft. Earlier, it had paused its poker platform Pocket52 in May 2024 after the GST Council imposed a 28% tax on the full face value of bets

September 18, 2025
Zomato Partners MakeMyTrip To Strengthen “Food On Train” Biz
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Zomato Partners MakeMyTrip To Strengthen “Food On Train” Biz

Zomato has partnered with MakeMyTrip to strengthen its food delivery service on trains Under this partnership, MakeMyTip will leverage its “Live Train Status” tool to track real-time train location and status during the journey The $500 Mn online train food ordering market is projected to grow at a CAGR of 15% by 2033

September 17, 2025
Paytm Relaunches BNPL Product As Credit Line On UPI Service
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Paytm Relaunches BNPL Product As Credit Line On UPI Service

Paytm Postpaid will enable users to access instant short-term credit under a scheme titled “Spend Now, Pay Next Month” The service is being rolled out selectively to customers more likely to avail such credit, with broader expansion planned in the coming months Paytm wound down its Postpaid product in May 2024, citing a broader decline in asset quality across the industry

September 17, 2025
Gameskraft Accuses Ex-CFO Of Syphoning Off Company Funds
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Gameskraft Accuses Ex-CFO Of Syphoning Off Company Funds

In an FIR, Gameskraft said that its former CFO Ramesh Prabhu diverted company funds for personal investments in F&O trading The alleged diversion of funds, as per Gameskraft, resulted in losses exceeding INR 250 Cr for the company In the FIR, Gameskraft also claimed that Prabhu admitted to the wrongdoings in an email addressed to management on March 5

September 17, 2025
Nazara Gets Shareholders' Nod for Stock Split, Bonus Issue
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Nazara Gets Shareholders' Nod for Stock Split, Bonus Issue

The company's board proposed the sub-division of one equity share of face value of INR 4 into two equity shares worth INR 2 each earlier and issuance of bonus equity shares in the ratio of 1:1 in August Its board of directors has fixed September 26 as the record date for the purpose of determining eligible shareholders following which the bonus equity shares will be allotted on September 29 This would be Nazara's second bonus share issue after June 2022

September 16, 2025
Info Edge Engages Law Firm To Probe Whistle-Blower Complaint About 99acres
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Info Edge Engages Law Firm To Probe Whistle-Blower Complaint About 99acres

Info Edge has received a whistle-blower complaint alleging violation of company policies by certain employees of 99acres Launched in 2005, 99acres operates a platform where buyers, sellers and brokers or agents can exchange information about real estate properties In an exchange filing, Info Edge said it has engaged the services of a law firm to probe the allegations

September 15, 2025