BUSINESS
Deepinder Goyal’s ESOPs cost Zomato Rs 387 crore in second half of FY22
CFO Akshant Goyal's ESOP remuneration in the second half of FY22 was Rs 3 crore, according to regulatory filings
BUSINESS
Exclusive: Metaverse is not our soul. That’s where the disagreements started: Tanay Pratap
Tanay Pratap on building Invact 2.0, making it more affordable and choosing the right cofounder
BUSINESS
Early-stage funding in India’s tech startups hit 12-month low in May
Late-stage funding dropped below $1 billion in a month for the first time in a year, according to data from Tracxn. Average size of growth and late stage deals fell by half or more, compared to preceding 12 months
BUSINESS
Meesho sends legal notice to marketing company CEO over alleged smear campaign
The cease and desist notice, which was reviewed by Moneycontrol, has asked the influencer marketing manager to reveal on whose behest he was working, take down all defamatory content posted on his instructions and tender an unconditional apology to Meesho
BUSINESS
Exclusive | Zomato board to sign off Blinkit acquisition on June 17
The share swap deal does not need competition watchdog CCI’s approval as it falls under the 'de-minimis' exemption, Moneycontrol reported earlier
BUSINESS
Macro headwinds may intensify consumer tech cash burn, say experts
Q4 results show that balancing growth and profitability will be a tall order for consumer tech companies, say analysts and industry experts. Factors like elevated marketing costs, suppressed demand and fading pandemic effects would continue to be challenges for Zomato, Nykaa, Paytm and Policybazaar
BUSINESS
Pranay Shrivastava takes charge of social community platform Pankhuri as CEO
Pankhuri Shrivastava, who founded the eponymous start-up and was its CEO, died due to a cardiac arrest last year
BUSINESS
Exclusive | ITC, Unilever, Dabur in talks with ONDC; Shopify may join too
The Indian open network for e-commerce is also exploring ways to build a system that will help the FMCG companies offer separate deals and price points to distributors, retailers and individual consumers
BUSINESS
Delhivery Q4 revenue grows more than 2X to Rs 2,072 crore; loss remains flat
Its net loss came in at Rs 120 crore, against Rs 118 crore registered in Q4 of FY21.
BUSINESS
IT CEO pay shot up 835% in a decade while fresher’s salary grew 45%
While the median annual pay of CEOs zoomed from Rs 3.37 crore in FY12 to Rs 31.5 crore in FY22, the median fresher package grew just 45 percent — from Rs 2.45 lakh to Rs 3.55 lakh — over the course of a decade
BUSINESS
Techies may escape the axe in tech layoff season
Whenever there is a downturn, the very first cost reduction happens with teams that are responsible for growth, engineering, product and design functions are the last functions to get impacted, said an expert.
BUSINESS
Combative, reticent, confident: The many shades of Zomato CEO Deepinder Goyal during the company's first analyst call
At the end of the meet, analysts were left grappling with how to value an app that boasts of more than 50 million users, yet can’t turn in a profitable quarter after over a decade of being founded.
BUSINESS
Competitive intensity is coming down in quick commerce: Zomato
At a time when more than 5,000 employees are said to have been fired across the tech startup ecosystem, Zomato said that it does not have any plans to cut its headcount. But it is not going to increase its employee strength also.
