The Arc @thearc_hq
Essential news, incisive analysis, and data-led insights about influential tech companies in India. Sign up - https://t.co/PYLzyncR3a thearcweb.com Bengaluru Joined January 2023-
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"We lose money on every order but will make it up as we scale" @thearc_hq on the instant house help market. The more things change the more they remain the same:) At some point when capital becomes scarce and the companies increase prices, they will see what true demand is.
🚨 End of an era at Freshworks. Founder Girish Mathrubootham has stepped down as executive chairman and board member of the company he started in 2010. Mathrubootham will now focus on his venture fund Together. thearcweb.com/article/girish…
🚨 FirstClub, the quick commerce platform for premium products, has raised $23 mn in funding at a $120 mn valuation. Comes after an $8 mn round earlier this year from backers like Accel and RTP Global. Co claims it has "2x average order values versus any other platform."
🚨 PhonePe has entered into the loans against mutual funds business, giving secured financing of up to Rs 2 crore. The payments company has partnered with DSP Finance, an NBFC, for the business.
🚨 Blue Tokai has raised $25 million in a bridge round from existing backers like A91 Partners and 12 Flags 💰 The company has also set a target of 800 stores and Rs 2,000 crore in revenues in four years ☕️ thearcweb.com/article/blue-t…
🚨 Reliance and Meta form $100 mn JV to launch AI tools for Indian businesses, utilising Meta’s Llama technology. Reliance will hold 70% while Meta will take 30% in JV. Meta is also an investor in Reliance's telecom unit Jio.
🚨 Paytm to infuse additional capital in key units, Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services. Paytm will also restructure holdings in two other units to simplify organisational structure.
🚨 Weaver Services is set to acquire Centrum Housing Finance for Rs 430 crore. This is the second major buyout for Weaver after taking over Capital India Home Loans for Rs 267 crore. Weaver has raised Rs 1,450 crore in funding from PremjiInvest and Lightspeed.
The #OnlineGamingBill2025 passes Rajya Sabha. President signoff next
The #OnlineGamingBill2025 passes Rajya Sabha. President signoff next
🚨 The ban on real-money gaming could erase $15 bn in startup value, wiping out a herd of unicorns & some of the sector’s most profitable firms. thearcweb.com/article/realmo…
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16K Followers 508 Following Cofounder @thearc_hq | 0-1 at The CapTable & Stellaris VP | Economic Times & Reuters https://t.co/N4V5VcEXZp
Madhav Chanchani @madhavchanchani
18K Followers 2K Following Co-founder @thearc_hq | Mapping the arc of India's top new-age companies 🇮🇳 🚀 Previously at The Economic Times, VCCircle, YourStory (The CapTable) DMs openTrends for United States
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