BUSINESS
Dunzo to add 300 micro-fulfilment centres to deliver grocery in under 19 minutes
The company recently launched Dunzo Daily that promises to deliver groceries in under 19 minutes
BUSINESS
Meesho files criminal complaints against fraudulent users
According to its blog published earlier this month, it had received complaints of unconsented orders reaching customers.
BUSINESS
India has its own rules and they have to be followed: Walmart CEO Doug McMillon
"India is a very dynamic environment—rules are changing, customers are changing, McMillon has said
BUSINESS
Exclusive: Byju's in talks to raise $500 million via Term Loan B
Term Loan B or TLB refers to a tranche of senior secured syndicated credit facility from global institutional investors. Conventionally, TLB proceeds are used either to refinance the existing debts by a company or to make overseas acquisitions with an aim to enhance their offerings.
BUSINESS
Tinder co-founders invest in India's Hike
Hike was given the unicorn tag in 2016 after Chinese internet giant Tencent led a $175 million round.
BUSINESS
Paytm, HDFC Bank to launch financial products ahead of IPO
Paytm is looking to launch a Rs 16,600 crore IPO by October.
BUSINESS
OYO raises $5 million from Microsoft at $9.6 billion valuations
The development comes at a time when the company is massively increasing its tech focus.
BUSINESS
OYO to hire 300 tech talent over the next six months
OYO has already begun onboarding over 50 mid-level tech talent and around 150 campus recruits from top universities across India.
BUSINESS
Exclusive | When you grow, you have friends, frenemies, and enemies. The truth is I am a shopkeeper's best friend: BharatPe's Ashneer Grover
In the last of this two-part interview with Moneycontrol, Ashneer Grover, co-founder and managing director, BharatPe, talks about small businesses and lending during COVID times. He also reacts to the company's alleged one-man show culture.
BUSINESS
EXCLUSIVE: Every fintech will have to do lending to make money in India: BharatPe's Ashneer Grover
In the first of this two-part exclusive interaction with Moneycontrol, Ashneer Grover, co-founder and managing director, BharatPe, talks about the future of lending, new consumer lending product PostPe, and much more. He believes the rate at which UPI transactions are growing, those doing cards business are headed for trouble.
BUSINESS
BharatPe raises Rs 200 crore in debt from IIFL, Northern Arc
The finetch startup has set a target to raise $700 million in debt over the next two years to facilitate this credit growth, Chief Executive Officer Suhail Sameer has said
BUSINESS
Flipkart continues to grow; Walmart to prioritise Big Billion Days sales
Last year Flipkart claimed that half of its new customers came from Tier III and plus cities on Day 1 of its Big Billion Days sale
BUSINESS
Grofers launches 10-minute grocery delivery in 10 cities
"Today, we launched our 10th city with the promise to deliver groceries within minutes to your doorstep," the company said.
BUSINESS
MyGlamm acquires BabyChakra, to invest Rs 100 crore in expansion
Currently, MyGlamm has around 800 SKUs across makeup, skincare, personal care.
BUSINESS
Grofers joins the unicorn club with fresh funds from Zomato
Grofers has moved into the express delivery segment targeting quick commerce consumers.
BUSINESS
Express grocery delivery: How far will it go this time?
Better supply chains, smarter hubs located closer to customers and the use of deep tech to understand consumer preferences better are helping grocery companies with ultrafast deliveries.
BUSINESS
E-commerce sector may soon get an independent regulator, much like Sebi
The aim of the regulator will be to ensure level playing field and see to it that the sector remains competitive and new entrants are not restricted.
BUSINESS
Slurrp Farm, Sirona Hygiene & Wellbeing Nutrition to get $50,000 from Amazon's accelerator
The accelerator was launched on Startup India Hub earlier in the year with the aim to allow startups to get access to customers across the world through Amazon’s ecommerce exports program and create global brands from India.
BUSINESS
Zomato to shut down US table reservation business
Zomato had acquired the US-based restaurant reservations and table management platform in 2015 in a cash and stock deal. The company competed with the likes of OpenTable and Yelp's SeatMe.
BUSINESS
Swiggy launches 15-30 minute grocery deliveries, expands Instamart to 5 more cities in India
This is the first major expansion after Instamart launched in Bengaluru and Gurugram last year. Interestingly, Zomato-backed Grofers recently said it enabled 15-minute express delivery for 7,000 households in Gurugram.
BUSINESS
Zomato reports one billion orders even as losses widen to Rs 356 crore in Q1 2021
The total income of Zomato stood at Rs 916 crore during the quarter under review. This was a massive jump from a revenue of Rs 283.5 crore it reported in the year-ago period.
BUSINESS
Amazon to end partnership with Narayana Murthy's Catamaran Ventures from May 2022
The decision follows harsh criticism from traders association for unfair trade practices.
BUSINESS
IPO-bound Paytm to expand ESOP pool, calls EGM on September 2
In the letter, the company said it plans to increase the existing ESOP pool from 24,094,280 equity options to 61,094,280 equity options at a face value of Rs 1 each. This will help the company reward and recognise employees who have contributed to the growth of the company.
BUSINESS
UpGrad enters unicorn club; raises $185 million from Temasek, IFC
Upgrad competes with companies like Unacademy and Byju's. Interestingly Temasek only led $440 million round announced by Unacademy earlier this month at a valuation of $3.4 billion.
