MobiKwik shares were listed on the NSE with a premium of nearly 60% on Wednesday after the company's ₹572-crore IPO was subscribed 119 times. MobiKwik stock listed at ₹440 per share on the NSE, at a premium of 57.71% against the issue price of ₹279. On the BSE, the shares listed at ₹442.25 per share, a premium of 58.51%.

MobiKwik has more than doubled the money of investors who invested in the company's recently concluded ₹572-crore IPO. MobiKwik shares were trading at ₹588 apiece on BSE on Thursday, a 110% premium over the IPO issue price of ₹279. MobiKwik shares made their market debut on Wednesday, listing at ₹442.25 apiece on BSE, a premium of 58.51% over issue price.

Swiggy's ₹11,327-crore IPO, which was India's second-largest IPO this year, delivered roughly 50% returns since market debut in November, data compiled by YourStory showed. Shares of Ola Electric and FirstCry are up 25% and 30%, respectively, from their issue prices. Go Digit, Awfis, Ixigo and Zinka Logistics shares have jumped 22%, 89%, 70% and 82%, respectively, since market debut.

US-based AI startup Databricks has raised $10 billion in one of the largest venture capital funding rounds in history. The round, which saw participation from Thrive Capital, Andreessen Horowitz and DST Global, values the startup at $62 billion. GIC, Insight Partners, MGX and WCM Investment Management also participated in the funding round.

A man's X post asking, "How is Zomato allowed to sell ₹10 water bottles for ₹100 at concert venues where no one's allowed to bring their own bottles," has gone viral on social media. "Outright theft," an X user said, while another said, "Sue them." Zomato apologised and responded, "We weren't event organisers but the ticketing partner...we've noted your feedback."

Cars24 CEO Vikram Chopra sparked a debate online after asking engineers, who can't speak Kannada despite residing in Bengaluru for years, to come to Delhi. "We're not saying Delhi-NCR is better...It really is," Chopra said. "Provide one aspect in which Delhi-NCR is better than Bengaluru and I'll work for you for free," an X user said. "Great initiative," said another.

Solar solutions provider Solarium Green Energy has received approval from the Bombay Stock Exchange (BSE) for its DRHP. The company filed the papers for IPO in September and intends to issue 55 lakh equity shares, each with a face value of ₹10. Founded in 2018 by Ankit Garg, Solarium is bootstrapped and hasn't raised any equity funding till now.

Hearing the Competition Commission of India's plea to transfer all cases filed by Amazon and Flipkart sellers against it to a single court, the Supreme Court on December 16 observed that prima facie, all cases should be handled by the Karnataka High Court. Justices AS Oka and Manmohan were hearing the competition watchdog's plea to transfer 24 writ petitions to the High Court.

Gaming major Nazara Technologies has announced the acquisition of 1,000 equity shares of Nextwave Multimedia, the developers of the mobile cricket game franchise World Cricket Championship, for ₹2.3 crore. This increases the gaming major's total holding in Nextwave Multimedia to 74.88%, up from 71.88%.

Zing, an app that delivers freshly prepared food in 10 minutes using AI-driven demand forecasting, has launched in Gurugram. Founded by Tarun Arora, former COO of Inshorts, and Rachit Sahi, the app is backed by Inshorts Co-founder and Shark Tank India judge Azhar Iqubal. "Zing delivered 600 orders in November alone...This number could more than double in December," said Arora.

Fintech Lendingkart reported a 97.2% decline in its consolidated net profit to ₹3.25 crore in the financial year 2023-24 (FY24) from ₹118.8 crore a year ago, primarily due to sharp increase in impairment loss on financial assets, loans and advances. Lendingkart first achieved profitability in FY23.

DMart's Radhakishan Damani topped Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2024 list. He's followed by Zomato's Deepinder Goyal, Swiggy's Sriharsha & Nandan, MakeMyTrip's Deep Kalra & Rajesh Magow, Max's Abhay Soi, PolicyBazaar's Yashish & Alok, Dream11's Harsh Jain & Bhavit Sheth, Zerodha's Nithin & Nikhil Kamath, Razorpay's Harshil & Shashank and Nykaa's Falguni Nayar.

Shares of DroneAcharya Aerial Innovations rallied as much as 12.88% to touch an intraday high of ₹131.00 on the BSE on December 16 after the company announced its strategic expansion into the Middle East through a new subsidiary in Abu Dhabi. The expansion comes as DroneAcharya reported H1FY25 PAT of ₹1.50 crore, down 62.1% YoY, despite revenue growing 28.8% to ₹26.90 crore.

Mudit Agarwal, a 36-year-old entrepreneur from Siliguri, is transforming bamboo’s image through his startup GrassPly. Launched in 2013, the company manufactures eco-friendly products like bamboo flooring tiles, mat boards, etc. GrassPly’s innovation, driven by Mudit’s decade-long journey in the industry, aims to challenge the stigma around bamboo and offer it as a timber alternative.

Anupam Mittal called work-life balance a "lie" and said it stinks and "is destroying a whole generation". Speaking on 'Humans of Bombay Show', he said he feels bad the new generation hasn't seen a crisis as crises shape entire generations. Interrupting Mittal, Namita Thapar said, "That's b******t." Founders obviously work 20 hours/day as they're making lot of money, she added.

Content delivery network (CDN) companies, including Netflix, Amazon, Universal Studios and Warner Bros have reportedly opposed the telecom regulator proposal to regulate them. They argued that they are not telecom operators and therefore do not fall under the regulator's jurisdiction, as per an ET report.

Zomato-backed fitness startup Curefit consolidated net loss for the financial year ending March 2024 widened 42% to ₹888.5 crore from ₹625.5 crore in the previous fiscal year due to an increase in cash burn. The rise in loss came despite the startup operating revenue growing 33.6% to ₹926.6 crore in FY24 from ₹693.7 crore in FY23.

Ola Founder Bhavish Aggarwal warned his employees over their poor attendance. "It's shocking that a lot of people have very poor attendance. I'd imagine everyone has the basic self-respect to not fleece the company by not even turning up for work," he told the employees. "Those who misused freedom so far, HR will have a conversation with you," he added.

Purple United Sales shares made a strong debut on NSE SME on Wednesday at a premium of 58% over the IPO price. The shares were listed at ₹199, higher than the issue price of ₹126. The IPO consists of fresh issue of 26,04,000 equity shares aggregating to ₹32.81 crore. The shares are currently trading at ₹209.

Bengaluru-based space startup Unimech Aerospace and Manufacturing's ₹500-crore IPO will be the sole issue in the mainboard segment next week. The IPO will open on December 23, with a price band of ₹745-785 per share. The SME segment will see IPOs from Solar91 Cleantech and Anya Polytech. The week will also see the listing of eight companies.

Zomato is expected to witness inflows of about $513 million next week after the food delivery giant enters BSE Sensex's 30-share frontline index on December 23, brokerage firm Nuvama said. The inclusion would make Zomato the first new-age tech stock to enter the 30-share frontline index. It will replace JSW Steel, whose exclusion will lead to $252-million outflows, Nuvama added.

Perplexity AI, an artificial intelligence startup co-founded by Indian-origin Aravind Srinivas, has closed a $500-million round of funding that triples its valuation to $9 billion, Bloomberg reported. In April, Perplexity was valued at $1 billion, a figure that jumped to $3 billion in June after investment from SoftBank Group's Vision Fund 2. Perplexity, founded in 2022, is rival of ChatGPT.

SaaS company Freshworks' Co-founder and Executive Chairman, Girish Mathrubootham, has sold roughly $40 million worth of the company's shares. According to SEC filings, he sold nearly 2.5 million shares in multiple transactions at an average price range of $15.33 to $16.50 per share. Earlier this year, Girish stepped down as the CEO of Freshworks.

Delhi NCR-based unicorns hired the most number of employees (18,554) across all major Indian startup hubs between August 2023 and August 2024, a PrivateCircle report stated. It was followed by Chennai (4,785) and Bengaluru (2,384). Meanwhile, unicorns in Mumbai, Pune and Hyderabad saw their net headcount decline by 7,024, 643 and 66 employees, respectively.

Union minister Nitin Gadkari said that food delivery economy is very important for job creation in India. Gadkari noted that India currently has 77 lakh delivery workers and it's expected to rise to 2.5 crore by 2030. He further expressed concerns over road safety issues faced by delivery workers due to the urgency of time-bound deliveries.