BUSINESS
Think tank writes to Piyush Goyal against “deep discounting” practices of Shopee, Meesho & Instamart
Council for International Economic Understanding or CIEU comprises of chairman of the Fifteenth Finance Commission N.K. Singh along with Gopal Srinivasan - chairman at TVS Capital Funds and national co-convener of Swadeshi Jagaran Manch Ashwani Mahajan as its members, among others.
BUSINESS
Treebo targets EBITDA break-even in 2022
Treebo now has around 12,000 rooms across 600 properties
BUSINESS
Zomato, Swiggy held talks to buy out Y Combinator-backed Zepto
Zepto was started by 19-year olds Aadit Palicha and Kaivalya Vohra, who dropped out of a computer science engineering program at Stanford University
BUSINESS
2021: Meet the top 10 super angels for the Indian startup ecosystem
BUSINESS
2021: From Zepto to Mensa Brands, here are the startups that raised big money in first round of funding
Many companies running Thrasio-like business models raised bigger-than-usual first institutional rounds
BUSINESS
Senior executives including Abhishek Arun, Renu Satti resign from Paytm
While Arun disclosed on Linkedin that his tenure at Paytm ended in November, it wasn't immediately clear if Satti's resignation was accepted by Paytm.
BUSINESS
Zomato-backed Blinkit sets up 300 partner stores to enable 10-minute grocery delivery
The announcement comes soon after the company decided to pull the plug in areas it wasn't able to deliver groceries in 10 minutes.
BUSINESS
Amazon to acquire Catamaran's shareholding in Prione Business Services
"Amazon will acquire Catamaran’s shareholding in Prione in compliance with applicable laws including all assets and liabilities," the two companies said in a joint statement on December 22.
BUSINESS
More gas than substance: 19-year-old founder of Zepto on rivals promising 10-min grocery
Barring one player, the rest are just noise, says Aadit Palicha on competitors offering 10-min grocery. At the end of the day, the bottom line is execution, he adds.
BUSINESS
Five takeaways from Snapdeal's IPO filing
Moneycontrol summarises key takeaways from Snapdeal's Draft Red Herring Prospectus
BUSINESS
Snapdeal files draft documents to raise Rs 1,250 Cr through public listing
Softbank, along with seven stakeholders, will participate in the OFS for partial exits but none of the two founders will dilute any stake
BUSINESS
19-year-old entrepreneurs' startup Zepto raises $100 million at $570 million valuation
The round happened barely within a couple of months after Zepto raised its first institutional round of $60 million.
BUSINESS
Zomato-backed Blinkit will only operate in areas where it can deliver in 10 minutes
"While we understand 15 minute or 20-minute service would be better than no service, our systems and infrastructure are built solely with 10 minutes (or less) in mind," CEO Albinder Dhindsa said in a blog
BUSINESS
Exclusive: Snapdeal likely to file DRHP today, to raise Rs 1,250 crore in fresh issue
The IPO will see Softbank, Snapdeal’s lead investor, reduce its shareholding from 34 percent to 24 percent.
BUSINESS
Exclusive: Fraazo in advanced talks to raise $125-130 million
Online grocery delivery firm Fraazo last raised $50 million from WestBridge Capital, Sixth Sense Ventures, Equanimity Investments and Apar Group, among others.
BUSINESS
CAIT writes to FM against Shopee, alleges FDI violations and Chinese links
In November, Moneycontrol was the first to report that Shopee had launched its operations in India and was clocking 1,00,000 orders on a daily basis.
BUSINESS
Ahead of its IPO, Snapdeal sells 30% in subsidiary Unicommerce to Softbank
Snapdeal recently made an offline foray with plans to set up partner stores across the country. The first Snapdeal partner store will be launched in January
BUSINESS
Shopee has onboarded 300 employees and 20,000 sellers in India: Singapore govt
Shopee shows signs of emerging as a strong challenger that could potentially chip away at incumbents such as US-headquartered Amazon, Walmart-owned Flipkart and SoftBank-backed Meesho.
BUSINESS
Online home decor brand Nestasia raises $4 million from Stellaris, HNIs
The D2C brand has over 6,000 products across six categories. It claims to have completed 100,000 orders and has a customer base of over 50,000 across seven countries
BUSINESS
From a celebrity blogger to content-to-commerce entrepreneur: MissMalini's Malini Agarwal has come a long way
At 44, I want my life to mean more than entertainment content as much as I love it, says the founder of MissMalini.
BUSINESS
Former Twitter India boss Manish Maheshwari confirms exit, will launch edtech start-up
"I am leaving Twitter. The (exit) date has to be worked out. I want to do things in the education and teaching space," Maheshwari told Moneycontrol in an interaction.
BUSINESS
Swiggy's backer Norwest launches $3 Bn fund; will continue to invest across early-to-late-stage companies
The fund believes India has come of age in technology investing and places great confidence in the quality of founders in the ecosystem.
BUSINESS
Good Glamm Group acquires media and influencer talent management network MissMalini
Mumbai-based MissMalini will continue to function independently and will be led by founder Malini Agarwal and co-founders Nowshad Rizwanullah and Mike Melli.
BUSINESS
I was a terrible student in school: Zomato CEO Deepinder Goyal on failures, depression and competition
While depression for many could be a negative word, for Goyal it is one of the biggest reasons why he thinks he needs to work hard.
