BUSINESS
Exclusive | BharatPe founder Ashneer Grover’s wife also goes on leave amid governance probe
While Grover took a leave of absence till March-end amid backlash regarding his abusive language to a Kotak employee, toxic culture at BharatPe, and brash behaviour, his wife also going on leave signifies larger issues around governance at BharatPe, sources said.
BUSINESS
10-mins grocery delivery: Ola Dash targets 20 cities, 500 dark stores in 6 months
The range of products available on Ola Dash include fresh produce, snacks, beverages, instant food, home care products, and cooking essentials.
BUSINESS
Zomato sets up NBFC, acquires minority stakes in UrbanPiper, AdOnMo
The Gurugram-based company has invested $5 million in UrbanPiper as part of a larger $24 million round for a 19 percent stake and $15 million in Adonmo to acquire 5 percent stake
BUSINESS
10 Mins Delivery: Ola rebrands grocery business from Ola Store to Ola Dash
This is the third time Ola is trying to experiment in this segment.
BUSINESS
Exclusive: UP man claims Shopee selling fake GUCCI, Prada products, cops issue FIR against the South East Asian firm
The FIR has been issued against Ankit Upadhyay who is heading the India business, Sriram Grivasan, grievance officer, and two directors -- Ashok Gupta and Jayant Goyal besides SPPIN India Pvt Ltd, the registered entity of Shopee in India.
BUSINESS
Oyo awaits Sebi nod to file updated DRHP for its $1.2Bn IPO
The company has already received in-principle approval from BSE as well as National Stock Exchange, sources said.
BUSINESS
StanPlus, which offers 8-min ambulance service, raises $20 million
Hyderabad-based StanPlus aggregates and standardises hospitals, as well as mom-and-pop ambulances.
BUSINESS
Good Glamm Group acquires majority stake in Organic Harvest, to invest Rs 75 crore
Now as part of the Good Glamm Organic Harvest will be able to leverage the group’s digital audience comprising 88 million POPxo annual users, 100 million users of ScoopWhoop and Baby Chakra’s 20 million mothers community and 10,000 doctors network.
BUSINESS
Toothsi raises $9 million in venture debt from Stride Ventures
The company plans to invest the capital in improving technology, expansion and brand building
BUSINESS
Companies battle high costs, infra bottlenecks to meet Delhi's electric vehicle mandate
The Delhi government has mandated that all ride aggregators and delivery services will have to switch to EVs when reinforcing their fleets. High costs, gaps in the supply chain and charging infrastructure loom as potential impediments in the effort aimed at reducing vehicular emissions in the national capital, ranked among the world’s most polluted cities.
BUSINESS
Ashneer Grover says will 'rejuvenate and refresh' himself, return to BharatPe in April
Ashneer Grover, co-founder and managing director of the $3 billion valued fintech BharatPe said he has taken a voluntary leave of absence till March end amid growing scrutiny and pressure regarding his abusive language to a Kotak employee, toxic culture at BharatPe, and abrasive behaviour on the show Shark Tank.
BUSINESS
Exclusive| Ashneer will play no role in day to day operations, will spend time on personal reflection: Suhail Sameer BharatPe CEO
Sameer's comments came after Moneycontrol reported that BharatPe’s board decided Ashneer Grover had to take leave of absence.
BUSINESS
Exclusive: BharatPe CEO Suhail Sameer says Ashneer Grover on "leave" but continues on board
Post the announcement of Grover's leave, the startup's top management including Grover himself conducted a townhall with employees in a bid to allay their fears.
BUSINESS
Agri-tech firm Arya.ag raises $60 million from Asia Impact, Lightrock, others
Arya.ag last raised $21 million in December 2020.
BUSINESS
Zomato-backed Shiprocket acquires B2B logistics firm Rocketbox, opens exit door for IPO-bound Delhivery
The acquisition comes soon after Shiprocket announced its commitment to acquire a majority stake in Delhi-based Wigzo Tech.
BUSINESS
Paytm to shut Canada app two months after sinking on debut in India
"During these unprecedented times we have had to make some tough business decisions. Unfortunately, as of March 14 the Paytm Canada App will be shutting down permanently," the company said in a blog post.
BUSINESS
Flipkart acquires electronics recommerce firm Yaantra
With this acquisition, Flipkart will provide a comprehensive service ecosystem to its customers that takes care of the entire lifecycle of smartphones.
BUSINESS
Can you ever see Vijay Shekhar Sharma on Shark Tank? Here's what he has to say
The show has attracted criticism for mistreating participants
BUSINESS
Paytm should be benchmarked against Bajaj Finance: Vijay Shekhar Sharma
Paytm which got listed on the stock exchange last year had a rough landing with its stock crashing 27.25%, the biggest ever fall in a decade for any scrip on listing day.
BUSINESS
Flipkart, 1MG report surge in demand for oximeters and testing kits as COVID-19 cases rise
The sale of oximeters and test kits saw a surge of over 4.4x and 12x in metros.
BUSINESS
IPO Financing: Does Ashneer Grover have a case against Kotak? Here’s what experts say
It is to be noted that Grover had invested more than Rs 100 crore each in the IPOs of Zomato and CarTrade through IPO financing services provided by Kotak itself last year.
BUSINESS
Zomato-backed Shiprocket to acquire 75% in Delhi-based Wigzo Tech
Wigzo Tech offers an enterprise automation suite that provides intelligence on customer purchasing behaviour
BUSINESS
Zomato-backed Shiprocket to acquire 75% stake in Wigzo Tech
Last year, logistics aggregator Shiprocket roped in Zomato as an investor.
BUSINESS
Good Glamm acquires Winkl and Vidooly, creates Good Creator Co for influencer platforms
GCC is targeting Rs 250 crore revenue by December 2022. It has 250,000 influencers and reaches out to 70 million users every month.
