BUSINESS
Inside Zomato’s 10-minute delivery gamble: A value proposition and risk
Frozen foods, robotic equipment to automate food preparation, predictive analytics and finishing stations are among the elements being put into play for Zomato’s latest initiative.
BUSINESS
How Zomato will deliver Biryani, Momos, Omlette, Poha, Coffee in 10 minutes
Zomato is hopeful of delivering food to customer in 3-6 minutes with the delivery partner riding at 20 kilometres per hour.
BUSINESS
Zomato plans to join 10-minute-delivery bandwagon
"I started feeling that the 30-minute average delivery time by Zomato is too slow, and will soon have to become obsolete. If we don’t make it obsolete, someone else will," Deepinder Goyal, the founder said.
BUSINESS
If Zostel wins the case, it will be entitled to 7% stake in OYO or equivalent amount: Division Bench of Delhi HC
OYO was last valued at $9.5 billion when it raised a strategic investment from Microsoft.
BUSINESS
Oyo rejigs top brass amid delay in IPO
The timing is crucial as the company has been delaying its much awaited $1.2-billion initial public offer.
BUSINESS
Zomato to extend $150-million loan to cash-strapped Blinkit
Blinkit last raised $100 million from Zomato in a round which gave the company a unicorn status.
BUSINESS
Zomato, Blinkit sign deal for merger, to move CCI soon for approval
The development happens at a time when Blinkit has laid off employees, shuttered dark stores, and delayed some vendor payments, amid intense competition in the quick commerce space.
BUSINESS
Exclusive: SoftBank's Munish Varma to step down from Paytm and PB Fintech boards today
The move is in line with SoftBank's move globally to step away from board positions after its portfolio companies go public
BUSINESS
Exclusive | Vijay Shekhar Sharma: Paytm continues to onboard UPI customers, RBI ban has no substantial impact on business
"RBI's processes are well respected and understandable. Paytm is not a small-time bank, it is now a publicly-listed company," said Paytm’s founder and CEO Vijay Shekhar Sharma.
BUSINESS
Exclusive: Zomato may extend $75-100 million debt to rescue cash-strapped Blinkit
Blinkit has laid off employees, shuttered dark stores amid rising competition. It recently raised $10 million debt from Innoven Capital.
BUSINESS
Competition Commission approves Amazon's acquisition of Prione
So far Amazon and Catamaran jointly owned Prione Business Services whose wholly owned subsidiary Cloudtail India repeatedly came under the scanner for alleged violation of Foreign Direct Investment norms.
BUSINESS
BharatPe Saga: Madhuri Jain Grover says ‘time to move on’ after deleting tweets, videos against the company
Madhuri Jain Grover earlier launched a Twitter attack on BharatPe.
BUSINESS
Ashneer Grover hits back at BharatPe board, says appalled but not surprised by allegations
Rubbishing BharatPe's allegation of fraud and financial misdoing by him to bankroll a lavish lifestyle, the former MD Ashneer Grover said the only thing lavish about him are his dreams
BUSINESS
BharatPe board says Ashneer Grover and family misappropriated funds, reserves right to legal action
"Extensive misappropriation of funds included creating fake vendors to siphon money and grossly abusing company expense accounts," the board said.
BUSINESS
Exclusive Interview: Not going to be a slave to investors again in my life, says BharatPe cofounder Ashneer Grover
"I will not disclose (my next move)... Will lead life on my own terms," says Ashneer Grover
BUSINESS
Ashneer Grover says investigation a sham, seeks to learn from Nithin Kamath and Bhavin Turakhia to build bootstrapped firms
Grover once again targets company chairman Rajnish Kumar, asking why the investigation did not remain confidential
BUSINESS
Ashneer Grover's emergency plea against BharatPe governance review tossed out by Singapore International Arbitration Centre
Abhishek Manu Singhvi, lead counsel for BharatPe, "most impressed with the speed and diligence with which emergency hearings were taken up and decided in record time".
BUSINESS
BharatPe terminates head of controls Madhuri Jain Grover's services
"Reasons for termination are misappropriation of funds and authorisation of inflated bills, among other things," said one of the sources
BUSINESS
Stop spreading false information, it's unbecoming of an MD: BharatPe to Ashneer Grover
"You have been indulging in spreading false and accusatory information about the senior management of the company to the family members and/or spouses of the said members of the senior management," the firm said in its response letter to Grover's email on February 22
BUSINESS
BharatPe row: Ashneer Grover attacks Rajnish Kumar, Bhavik Koladiya; Kumar rubbishes charges, offers to resign
In a scathing letter written to the board of Resilient Innovations, the parent of BharatPe, on February 22, Ashneer Grover alleged that Bhavik Koladiya called him and asked to meet at a location without sharing an agenda. Grover has alleged that Rajnish Kumar was also with him when the call came.
BUSINESS
Exclusive | Ashneer Grover to send notice to BharatPe soon, likely to invoke arbitration clause
Legal experts who spoke to Moneycontrol said that while Ashneer Grover had a fair chance to get away if financial irregularities are proven, Madhuri Grover may land in trouble given that all the expenses had been authorised by her.
BUSINESS
Chinese App Ban: Sellers mull pulling inventory as Shopee confronts an uncertain future in India
India's ban on SEA Group's gaming app Garena Free Fire spooks sellers on its e-commerce site
BUSINESS
Tatas allow freedom to experiment and fail: Curefit founder Mukesh Bansal
Before setting up Curefit, Mukesh Bansal founded Myntra - which he later sold to Flipkart in 2014.
STARTUP
Government bans SEA Group's Garena, but what about Shopee?
A local traders’ body is fuming over the government's "miss" at a time when the Tencent-backed firm has made more headlines for protests against it rather than its business metrics
