BUSINESS
Grofers is now Blinkit, promises 10-minute delivery
The rebranding seems to suggest that Grofers will deliver products with the blink of an eye.
BUSINESS
IPO was the only way to survive post COVID-19 pandemic: Zomato's Deepinder Goyal
Zomato made a stellar debut on the Indian bourses. It raised over $1.25 billion at a valuation of $12 billion.
BUSINESS
Exited my investment in Shiprocket before Zomato invested in it: Deepinder Goyal
BUSINESS
EXCLUSIVE: Amazon, Flipkart slash seller commissions in select categories amid rising competition
The commissions have been strategically reduced by Amazon and Flipkart only across low ticket products which comprises unbranded items
BUSINESS
Shiprocket to raise $185 million in Series E round co-led by Zomato, Temasek
Shiprocket will use the funding to expand the stack for merchants, focus on faster deliveries through warehousing network, acquisitions besides inorganic expansions
BUSINESS
IPO-bound Delhivery acquires US-based Transition Robotics
The deal will help Delhivery strengthen its capabilities in a wide range of applications, including aerial photography, remote sensing, inspection and surveys.
BUSINESS
Exclusive: Snapdeal goes omni-channel to target ‘Bharat’ ahead of IPO
The first Snapdeal partner store will be launched in January. The company plans to gradually expand the number to around 25 by the end of the next year.
BUSINESS
Meesho’s Vidit Aatrey on competition from Flipkart and Amazon, evolution of social commerce and more
"We did north of 80 million orders just in October. This is an average of 3 million orders per day. The peak order that we did, is much, much higher, says Aatrey
BUSINESS
Ed-tech firm upGrad to acquire Talentedge for Rs 400-500 crore
Ed-tech firm upGrad in closing more big-ticket acquisitions in India as well as abroad that will be announced over the next one to two quarters
BUSINESS
We have a bias to build, will look at strategic buys but not financial investments: Swiggy founder & CEO Sriharsha Majety
"You will see us do a balanced strategy of acquisition plus investment. But I think we do have a builders bias."
BUSINESS
IPO-bound Oyo ropes in former SBI chief Rajnish Kumar as strategic group adviser
Kumar will advise the ride-hailing firm on short and long-term strategies and regulatory as well as stakeholder engagement
BUSINESS
Swiggy to invest $700 million in Instamart, clocks one million weekly grocery orders
Swiggy's move to commit a huge investment to Instamart comes at a time when there is heightened competition in the so-called quick commerce space in India- where startups are promising delivery of essentials in under an hour.
BUSINESS
Ola launches 10-minute grocery delivery in Mumbai and Bangalore, hits 1,000 orders a day
This is the third time Ola is trying to experiment in this segment. The plan is to set up 300 dark stores for grocery and convenience delivery by January.
BUSINESS
Zomato to connect restaurant owners to investors for fund raise
Zomato's move could help restaurant owners connect with the right set of investors. But, the company will not co-invest in these deals.
BUSINESS
Shopsy's revenue grows fourfold during festive period, says Flipkart
Shopsy app allows anybody on social media to become a reseller of products featured on the online marketplace and earn a small commission.
BUSINESS
Meet the 19-year old Stanford dropouts building Zepto and delivering groceries in 10 minutes
Aadit Palicha and Kaivalya Vohra have raised $60 million to fund their ambitions for Zepto. The challenge before the duo now is to scale up and take on rivals Grofers, Big Basket and Instamart while becoming profitable. That may prove much harder than the fundraising.
BUSINESS
Paytm IPO: One 97 Communications Q2 revenue rise 64%
This was driven by 52 percent growth in non-UPI payment volumes (GMV) and more than three times growth in financial services.
BUSINESS
This week in startup funding: DreamSport raises $840 million; Spinny, Nobroker become unicorns
Spinny, an online platform for selling used cars, raised $248 million as part of its Series E funding round, making it the 39th unicorn.
BUSINESS
Here's what Swiggy's Sriharsha Majety learned from COVID-19 pandemic
"It has been a very character building year for me. I find myself asking deeper questions every time while making a decision about what can go wrong and doing premortems a lot better, " Majety said.
BUSINESS
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
BUSINESS
Samunnati plans to raise $100 million in Series E round to fund expansion
Agri-tech firm offers finance and commerce solutions to farmers’ collective and agricultural enterprises. The loan size ranges from Rs 5,000 to Rs 20 crore at an interest of 13-18 percent.
BUSINESS
Interview | I had personally told Policybazaar CEO to list before Paytm: BharatPe's Ashneer Grover
BharatPe founder Ashneer Grover on Paytm's disappointing debut on Dalal Street, why the issue bombed, how this will impact the other tech IPOs, and more.
BUSINESS
BharatPe's Ashneer Grover hits out at Paytm, says founder answerable for investors’ money
In an interaction with Moneycontrol, Ashneer Grover, whose firm recently got a small finance bank licence, said Paytm gave Chinese investors their money back at the cost of the public market.
BUSINESS
Paytm IPO: Let's keep our head low, there's a long way to go: Vijay Shekhar Sharma to employees
November 18 would always remain a special day for Vijay Shekhar Sharma as on this day, Paytm showed the ambition and potential of an Indian startup.
