BUSINESS
NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million
WhatsApp’s messenger service has over 400 million users in India and lifting the limit for the payment service in one go may lead to extremely high transaction volumes on NPCI’s platform.
BUSINESS
Data protection bill is Orwellian, loaded in favour of the government: Justice BN Srikrishna
Moneycontrol had a discussion with Justice BN Srikrishna, who spearheaded the committee that came up with the first draft of the personal data protection bill in July 2018.
BUSINESS
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
BUSINESS
Ola's HR chief Rohit Munjal leaves, Balachandar N takes charge as Chief People Officer of group
Munjal joined ANI Technologies, the parent company of Ola in March 2015, prior to which he was with GE Healthcare. At the same time, Balachandar N, joined Ola Electric in May 2021, after a nine-year stint as Group Director-HR of the Cafe Coffee Day group.
BUSINESS
LatentView listing | Bootstrapped, profitable, under the radar: How Venkat Viswanathan built this Chennai-based Analytics firm
LatentView listed on the Indian stock exchanges on November 23, 2021 and had a bumper opening with stocks trading at Rs 512.20, from IPO price that was fixed between Rs 190-197
BUSINESS
Exclusive: Kunal Shah’s CRED in talks to acquire Dineout, Wint Wealth
The two acquisition talks shed significant light on the strategy of CRED, one of India's hottest but least understood internet startups by many
BUSINESS
Paytm’s weak listing: Hang in there, business model is strong: CEO Vijay Shekhar Sharma tells investors
Shares of Paytm, the largest and one of the most anticipated IPOs in India, plunged by 27 percent from the issue price within hours of listing.
BUSINESS
Exclusive: Ola Electric lets go of quality assurance head, even as scooter delivery faces delay
Joseph Thomas' exit comes at a crucial point for Ola Electric, which is racing against time to deliver scooters to customers.
BUSINESS
Exclusive: After CFO and COO, Ola's General Counsel quits ahead of IPO
While employee churn is typically high in fast-growing startups amidst a huge demand for tech talent, it is more pronounced at Ola, due to its aggressive work culture.
BUSINESS
PB Fintech listing: I have a builder's mentality, not a trader's, says Founder Yashish Dahiya
Policybazaar and Paisabazaar operator PB Fintech shares made a decent debut on November 15 as the stock listed with a 17.35 percent premium. In an interview with Moneycontrol, Founder, Chairman and CEO of PB Fintech Yashish Dahiya speaks on the company's listing, his future plans and more.
BUSINESS
Nykaa CEO Falguni Nayar learnt these two things from Uday Kotak
Falguni Nayar is the chairperson, CEO, and MD of Nykaa, a beauty and fashion eCommerce platform that had a blockbuster listing on the bourses on November 10.
BUSINESS
Exclusive | Nykaa CEO Falguni Nayar: Not choosing growth over profitability, will try to achieve both
Falguni Nayar has proved something that many doubted- it is possible to make a super-valuable startup without being on Twitter.
BUSINESS
Zomato to deploy $1 billion over 1-2 years in startup investments, picks stakes in Shiprocket, Magicpin and Curefit
While the Shiprocket funding is part of a $200 million round which the company is raising, Curefit and Magicpin's are standalone equity rounds.
BUSINESS
Curefit to raise funding from Zomato, likely to become unicorn
In August, Moneycontrol reported that Ankit Nagori was in talks to raise Rs 100 crore to build a house of food and cloud-kitchen brands.
BUSINESS
EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases
WhatsApp is accelerating efforts to expand its payment service. A relaxation of the 20 million user limit will help it ramp up transaction volumes and value
BUSINESS
EXCLUSIVE: Zomato wants to do an Info Edge, scouts for investments in startups
Zomato's strategy to build an investment portfolio on top of its mainstay food delivery business is similar to the approach that Info Edge has in India or Tencent has in China.
BUSINESS
Meet KV Ramani, who donated 80% of his wealth to Shirdi Sai Baba and is now building Sai University
The 70-year-old entrepreneur and philanthropist is now gearing up for his next mission- to build, in his words, the Stanford of India. Ramani is the founder-chancellor of Sai University,. an interdisciplinary and multidisciplinary university that started functioning in August this year.
BUSINESS
IT fresher salaries stagnates even as war for tech talent intensifies in India
According to former Infosys CFO and HR Head Mohandas Pai, IT companies must increase fresher salaries to Rs 5-5.5 lakh per annum, and after a year of training, the pay should be increased to Rs 6.5 lakh. He said this would lower the cost of hiring and bring down subcontractor costs for companies.
BUSINESS
Inside Ola's plan to crack the food and grocery delivery market, again
Ahead of its $2 billion IPO, Ola is set to wade into the hyper-local and ultra-competitive grocery delivery space once again. Having burnt its fingers in the past, will it be second time lucky for the ride hailing platform? Moneycontrol examines what’s at stake.
BUSINESS
MC Interview| I cannot tell you how elated I am. This mission is going to change India: IPO-bound Paytm's Vijay Shekhar Sharma
The payments and financial services player is preparing for an Rs 18,300 crore initial public offering (IPO) that will open for subscription between November 8 and 10, 2021 at a price band of Rs 2,080- Rs 2,150.
BUSINESS
Policybazaar IPO | Profitability is a choice, not a priority, says founder Yashish Dahiya
The company has raised around $400 million over the last 13 years, and has about 60-70 percent of that money parked in bank accounts, says Dahiya.
BUSINESS
IPO-bound Nykaa eyes house of brands strategy, will expand into UK & Middle East
While Nykaa started out as a multi-brand beauty products e-tailer, it forayed into fashion three years ago, with plans to further expand in categories such as wellness, tech accessories, mom and baby and jewelry. It has an inventory-led model for beauty and cosmetics, and a marketplace model for fashion.
BUSINESS
Groww raises $251 million at $3 billion valuation, will look at adding government bonds and derivatives
Groww plans to add fixed-income investment products, derivatives, build its mutual funds vertical and extend its reach to under-penetrated geographies post the Series E fundraise
BUSINESS
Curefoods acquires a slew of cloud-kitchen brands to step up Thrasio for food play
The startup has acquired six cloud kitchen brands and is looking at another 25 to expand footprint across multiple cities
